Press release
Oxygen Scavenger Global Market Outlook 2025: Market Size, Growth Drivers, Key Players, and Emerging Trends
Oxygen Scavenger Global Market Outlook
The Oxygen Scavenger market is projected to witness strong growth, driven by extensive application in industries ranging from food preservation to medical devices.
What Is The Projected Market Size Of The Oxygen Scavenger Global Market And Its Growth Rate?
• The market is expected to grow from $2.6 billion in 2024 to $2.81 billion in 2025 at a CAGR of 7.8%.
• Steady growth is further anticipated till 2029, reaching $3.96 billion at a CAGR of 9.0%.
Drivers of historic and forecast period growth include the food and beverage industry, environmental regulations, aerospace and defense, e-commerce, industrial automation, and the electronics industry, among others.
What Is Driving The Growth In The Oxygen Scavenger Global Market?
The growth in the Oxygen Scavenger market is significantly driven by the food and beverage industry where these scavengers are used to remove dissolved oxygen, extending shelf life and maintaining food quality. The growing sales volume and slightly increasing prices of food and beverages have resulted in higher revenue for the industry. As a case in point, the revenue generated from food and beverage sales reached $29.85 billion in September 2022, as reported by Statistics Sweden.
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Who Are the Key Players Driving Oxygen Scavenger Market Growth?
Key players in the market include:
• Mitsubishi Gas Chemical Company Inc.
• BASF SE
• Clariant AG
• Ecolab Inc.
• Accepta Ltd.
• Arkema Group
• Eastman Chemical Company
• Henkel AG & Co. KGaA
• Aditya Birla Chemicals
• Esseco Ltd.
What Are The Key Trends In The Oxygen Scavenger Market?
Key market trends include:
• Sustainability and green packaging
• Water treatment
• Industrial automation
• Advanced packaging materials
• Corrosion prevention
What Are The Segments Of The Oxygen Scavenger Market?
Segments include:
1) Type: Metallic, Non-Metallic
2) Composition: Organic, Inorganic
3) Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder
4) End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper
Which Region Leads The Oxygen Scavenger Market?
North America was the largest market in 2024 whereas the fastest-growing region is expected to be the Asia-Pacific. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Oxygen Scavenger Global Market Report?
- Market Size Analysis: Analyze the Oxygen Scavenger Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oxygen Scavenger Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Oxygen Scavenger Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oxygen Scavenger Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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