The global market for oxygen scavenger is projected to have a CAGR of around 4.6% during the forecast period. Oxygen scavenger aids in extending shelf life and product safety by preventing oxidation. They are added to food packaging to limit the level of oxygen to preserve the freshness, flavours, and stability of packaged products. The rising demand for fresh and quality packaged food is the major factor augmenting the growth of the market. The growing concern over the reduction of food wastage creates the demand for oxygen scavenger to store them for a longer period of time. According to the United States, Environmental Protection Agency wasted food costs the commercial food service industry roughly $100 billion annually. Furthermore, according to the GRACE Communications Foundation statistics, US restaurants generate an estimated 22 to 33 billion pounds of food waste each year, and approximately 4 to 10% of food purchased by restaurants is wasted before reaching the consumer.
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The global oxygen scavenger market is segmented based on type, and end-user. On the basis of type, the market is bifurcated into metallic, and non-metallic. The non-metallic segment is anticipated to grow at significant CAGR during the forecast period owing to their high use in food and packaging industries and their easy to handle and fast reaction properties. Based on end-user, the market is categorized into food packaging, pharmaceuticals, industrial/metal, chemicals, others (microbiology).
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Due to the rising demand for quality foods, there are new product innovations in the market and more and more manufacturers are inclined towards the development of less toxic scavengers with an increasing range of applications. Moreover, the accidental ingestion of the sachet (a permeable used to pack oxygen scavengers) by consumers and potential spill/leak of the sachet contents into food is the major constrain associated oxygen scavenger. The safety concerns related to the handling of oxygen scavengers are also a restraining factor in the market growth. Besides, the new products innovations and rising demands from emerging economies can create lucrative opportunities in the global oxygen scavenger market.
Global Oxygen Scavenger Market – Segmentation
By Type
Metallic
Non-Metallic
By End-User
Food Packaging
Pharmaceuticals
Industrial/Metal
Chemicals
Others (Microbiology)
Global Oxygen Scavenger Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
BASF SE
Accepta Group
Arkema
Bio-Source, Inc.
Chardon Laboratories, Inc.
Chemco Industries, Inc.
Clariant International Ltd.
Conventya Inc.
Eastman Chemical Co.
Ecolab Inc.
IMPAK Corp.
Innospec Inc.
Kemira Oyj
Mitsubishi Gas Chemical Company, Inc.
PolyOne Corp.
SAES Getters S.p.A.
SUEZ Water and Process Technologies
Solenis International LP
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