Global Oxygen Scavenger Market was valued at USD 1.98 billion in 2023 and is expected to reach USD 2.68 billion by the year 2030, at a CAGR of 4.4%.

According to a comprehensive market study, the global oxygen scavenger market is projected to attain a value of USD 3.57 Billion by 2030, with a Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. The market's growth is predominantly fueled by the increasing demand for oxygen scavengers in the food and beverage sector, aimed at preventing food spoilage and prolonging shelf life. Additionally, significant drivers include the escalating adoption of oxygen scavengers in pharmaceutical packaging to uphold product integrity and their expanding utilization in power plants and oil and gas facilities to mitigate corrosion and optimize operational efficiency.

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Top Key Players of Oxygen Scavenger Market:

BASF SE, Accepta Ltd., Multisorb Technologies Inc., Mitsubishi Gas Chemical Company Inc., Angus Chemical Company, Arkema S.A., Chemfax Products Ltd., Solenis LLC, Clariant International Ltd., RoEmex Limited, Eastman Chemical Company, Ecolab Inc., Guardian Chemicals Inc., Thermax Ltd, Henkel AG & Co. KGaA, Hydrite Chemical Co., TETRA Technologies Inc., SUEZ Water Technologies & Solutions and other major players.

The latest research on the Oxygen Scavenger market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Oxygen Scavenger industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Oxygen Scavenger market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Market Dynamics And Factors For The Oxygen Scavenger Market

Drivers:

The increasing demand for fresh and quality packaged food among consumers all over the globe is anticipated to hasten the Oxygen scavengers market demand in the coming years. Growing concerns about food wastage and safety concerns over the world are projected to emerge as key drivers. The demand for oxygen scavengers has observed extreme growth due to their oxygen absorption ability, which prevents the wastage of food items and other consumables. Consumers today demand ready-to-eat food items that can be stored for a longer period. Growing demand for active packaging techniques that protect the food from microorganisms and help in maintaining the nutrient value, especially in North America and the Asia Pacific is anticipated to positively impact the market.

Oxygen Scavenger Market Segmentation:

By Type

• Metallic Oxygen Scavengers
• Non-Metallic Oxygen Scavengers

By Composition

• Organic
• Inorganic

By Form

• Liquid
• Powder
• Bottle Caps & Labels
• Sachets
• Canisters
• OS Films & PET Bottles

By End-Use Industry

• Food & Beverage
• Pulp& Paper
• Pharmaceutical
• Others

By Region

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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