Oxygen Scavengers Market Research Report, Trends, Analysis and Forecast to 2023

Oxygen scavengers or oxygen absorbers are primarily used to reduce or remove oxygen from various types of packages and feed water of boiler systems. Oxygen scavengers are used to maintain products and equipment safety and extend the shelf life of products simultaneously. They prevent deteriorative reactions caused by availability of oxygen, thereby improving operational capability of various processes & products. Oxygen scavengers are specifically employed for packaging applications which falls under the category of active packaging. This type of packaging is often used in food & beverage and pharmaceutical sectors, and it responds to changes occurring in the surrounding environment. The product helps to minimize negative effects of oxygen, while increasing the shelf life of packaged products. They are irreversible chemical absorbers belong to molecular oxygen that are used to prevent or to control oxygen deterioration rate and to prevent spoilage in packaged foods, beverages, global pharmaceutical packaging market and in medical devices. 

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The oxygen scavengers safeguard the product naturally and can help reduce or completely remove the usage of artificial preservatives. Also they prevents growth of aerobic pathogens and spoilage organisms, oxidation of vitamins A, C, and E, degradation and rancidity of polyunsaturated fats and oils and delays non-enzymatic browning of fruits and some vegetables. The product gets healthier by the usage of oxygen scavengers. Oxygen scavengers are also used to prevent metal and alloy fabricated equipment from corrosion caused by dissolved oxygen in steam boiler at atmospheric condition, as well as to control corrosion of industrial liquid separation process just like as in distillation, extraction and in wastewater treatment plants where salt water are generally produced in large quantity. In boilers, it is used in conjunction with deaerators to remove residual oxygen content and inhibit corrosion. Additionally, they are used in oil & gas production, preservation of artworks & solderability of electronic parts, etc. 

The “Global Oxygen Scavengers Market” is expected to grow at a CAGR of 6.2% during the forecast period.

The increasing popularity of oxygen scavengers owing to their inherent distinct advantages is likely to fuel the demand for the market. Growing use of oxygen scavengers in food and beverage industry is anticipated to further bolster their demand. Generally in packaging, artificial preservative and additives are used to prevent color change, mold growth, spoilage, rancidity, loss of nutritive values, and loss of overall product quality. The stipulation for oxygen scavengers has witnessed immense growth and also going to have a lucrative growth in the near future owing to their oxygen absorption ability, which in turn prevents the spoilage of food items and other consumables. Consumers are demanding ready-to-eat food items that can be stored for a very longer period of time. 

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Rising demand for active packaging techniques that protect the food from microorganisms and help in retaining the nutrient value, especially in the emerging regions is expected to positively impact the oxygen scavengers market. Moreover, expanding end-use industries such as oil & gas, pharmaceuticals and chemicals, are further expected to augment demand. The growing use of oxygen scavengers for boiler water treatment to remove dissolved oxygen and as corrosion inhibitors in oil & gas industry is anticipated to transform the market over the forecast period. They are also used in other industries such as power, sugar, electronics, and pulp & paper. These are the major growth factors in development of the market for oxygen scavengers globally.

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Oxygen Scavengers Market across Asia Pacific region has huge demand of growth on account of the increasing demand from countries, like India and China. The Chinese food and beverage industry is enormous and plays an important role in the country’s economy. The food and beverage industry is anticipated to register the continuous growth due to the increasing number of the middle-class population with more purchasing power, as well as growing attention on food quality and food safety in the region. China is a hub for chemical processing, accounting for a major chunk of the chemicals produced worldwide. The demand for oxygen scavengers from this sector is projected to grow over the forecast period, with the increasing demand for various chemicals worldwide. Furthermore, the consumption of oxygen scavengers is high in oil and gas, and the downstream production has increased in the country, further increasing the production capacities of petrochemicals, thus augmenting the consumption of oxygen scavengers in the country. India is the second-largest producer of food in the world, and one of the major consumers of packaged food and beverages. Increasing population and increasing demand for packaged foods and flexible packaging are boosting the demand for oxygen scavengers. Hence, Asia-Pacific is anticipated to witness the highest growth rate during the forecast period, owing to the aforementioned factors.