The "Oxygen Scavengers Market Analysis, By Type (Metallic and Non-metallic), By End-use (Food & Beverage, Pharmaceutical, Chemicals, Oil & Gas), By Region, And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global oxygen scavengers market size is expected to be worth USD 2.67 billion by 2025, growing with a CAGR of 4.9%

Increasing demand for fresh, healthy, and quality packaged food is likely to propel market growth. The oxygen absorption properties offered by scavengers help in retaining the quality of various consumable products.

The demand for oxygen scavengers in food and beverage industry is witnessing a rise as they provide protection from various microorganisms, spoilage, color & nutrient loss, and rancidity of food.

Additionally, augmenting demand from chemical and pharmaceutical industries is anticipated to accelerate the market growth. Rising research & development activities and various government regulations are likely to trigger the production, thereby driving the market demand.

Metallic oxygen scavengers accounted for 63% of the global market in 2016. The demand can be attributed to the widespread use, fast reaction, better quality, and cost-effectiveness of these scavengers. The technological advancements in the market to develop advanced packaging solutions are likely to fuel the market demand over the forecast period.

North America is the leading market for oxygen scavengers owing to the growing concerns among the consumers regarding the safety and wastage of food. Extensive research & development carried out by leading manufacturers to develop packaging techniques to offer protection from outside oxygen in countries such as the U.S. and Canada is anticipated to propel market growth.

Key market players include BASF SE; Baker Hughes; Innospec Inc; Arkema Group; Accepta Ltd.; Clariant International Ltd.; Eastman Chemical Company; Sealed Air Corporation; PolyOne Corporation; Kemira OYJ; Mitsubishi Chemical Corporation; and Plastichem (PTY) LTD. The companies mainly focus on extensive innovation and increasing their production capacities to meet the global demand.

Companies Mentioned

  • BASF SE.
  • Baker Hughes
  • Innospec Inc.
  • Arkema Group
  • Accepta Ltd.
  • Clariant International Ltd.
  • Eastman Chemical Company
  • Sealed Air Corporation
  • PolyOne Corporation
  • Kemira OYJ
  • Mitsubishi Chemical Corporation
  • Plastichem (PTY) LTD

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