Summary

The oxygen scavenger market size is projected to grow from USD 3.03 billion in 2024 to USD 4.32 billion by 2029, registering a CAGR of 7.3% . The increased demand for quality packaged and convenient foods is driving the market for oxygen scavengers. The rising consumption of oxygen scavengers in end-use industries such as power, chemical, oil & gas, and pharmaceutical is also propelling the demand. They are used to extend a product’s shelf life and provide safety. These chemicals reduce corrosion in water-handling equipment such as in boiler systems and feedwater systems.


“Inorganic oxygen scavenger to be the fastest growing segment for forecasted period in terms of value.”
Inorganic oxygen scavenger segment is further segmented to sulfite and iron based oxygen scavengers. Iron-based oxygen scavengers are activated in the presence of moisture in the environment and automatically start absorbing the residual oxygen present inside the headspace of the packaging. Iron-based oxygen scavengers are hydrated with atmospheric moisture to oxidize to a ferric state. Sulfite based oxygen scavenger are available in powder, liquid, and other forms. Scavengers based on sulfite formulations react with oxygen to form sodium sulfate and similar products. These oxygen scavengers are necessary for maintaining the water quality and it prevents metal from corrosion. They are cost effective and are highly efficient.


“Resin by form, is projected to be the fastest growing in terms of value.”
Resin oxygen scavengers are special materials introduced in packaging films to consume oxygen actively, thereby providing enhanced preservation of food as well as other sensitive products. These are different from traditional oxygen scavengers, which are often used in sachets or packets, and thus the resin-based scavenger is embedded directly into the polymer matrix of the packaging material. This innovative approach not only simplifies the packaging process but also eliminates the need for separate scavenging components, thus ensuring a more uniform distribution of oxygen absorption throughout the package.





“Power by end-use industry to be the third larget for the forecasted period in terms of value.”
Oxygen scavengers are now recognized as a vital component in the power generation industry, especially for corrosion control in thermal power plants. As the demand for reliable and efficient energy production increases, using oxygen scavengers maintains the integrity of critical equipment, such as boilers and piping systems, by removing dissolved oxygen from feedwater. This is important because the presence of oxygen can lead to significant corrosion, which does not only shorten the life of equipment but also increases maintenance costs and operational downtime. Many factors account for the growth of oxygen scavengers in the power sector. These include first and foremost an ever-increasing demand for electricity, which forces increased efficiency levels in generating electricity. Using effective oxygen-scavenging solutions enables plants to limit the occurrence of corrosion-related failure and maximise system performance.

“Europe is estimated to be the third largest in terms of value for the forecasted period.”
In several industries, oxygen scavengers are widely utilized in Europe, thus reflecting the high importance of it towards enhancing the quality and safety levels of products. In food and beverages, oxygen scavengers ensure an active packaging system that gives them a shelf life extension period over the perishable commodities. Once scavenged inside the sealed packets, they prevent oxidation that causes spoilage, preserving the flavors and colors for those products. This is particularly essential, where very tight food safety regulations stress retaining product integrity. Similarly, the pharmaceutical industry in Europe has started using oxygen scavengers to protect sensitive medicines from oxidation. These scavengers maintain a stable, low-oxygen environment, ensuring pharmaceutical products remain effective and of quality at the end of their shelf life.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the oxygen scavenger market, and information was gathered from secondary research to determine and verify the market size of several segments.

• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
• By Region: North America – 22%, Europe – 22%, APAC – 45%, ROW –11%

The oxygen scavenger market comprises major players such as Mitsubishi Gas Chemical Company, Inc. (Japan), Clariant (Switzerland), Ecolab (US), BASF (Germany), Avient Corporation (US), Veolia (France), Indoram Ventures Public Limited (Thailand), The Sherwin-Williams Company (US), ProFusion Industries (US), Ring Container Technologies (US), and Eastman Chemical Company (US), Multisorb (US), Arkema (France). The study includes in-depth competitive analysis of these key players in the oxygen scavenger market, with their company profiles, recent developments, and key market strategies.

Research Coverage
This report segments the market for oxygen scavenger market on the basis of chemistry, process type, end use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for oxygen scavenger market.

Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the oxygen scavenger market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the oxygen scavenger market offered by top players in the global oxygen scavenger market.
• Analysis of drivers: (Increasing demand for fresh and quality packaged food, Increasing demand for process water from end-use industries, Growing consumer concern over food wastage reduction and demand for advanced packaging) restraints (Non-volatile nature of oxygen scavengers), opportunities (Growing demand for packaged food and increasing disposable incomes in emerging economies) and challenges (Requirement of technical expertise for handling certain oxygen scavengers)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the oxygen scavenger market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for oxygen scavenger market across regions.
• Market Capacity: Production capacities of companies producing oxygen scavenger are provided wherever available with upcoming capacities for the oxygen scavenger market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the oxygen scavenger market.

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Table of Contents

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKET SEGMENTATION AND REGIONAL SPREAD 25
1.3.2 INCLUSIONS & EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 26
1.3.4 CURRENCY CONSIDERED 27
1.3.5 UNITS CONSIDERED 27
1.4 STAKEHOLDERS 27
1.5 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 29
2.1.1.1 List of key secondary sources 29
2.1.1.2 Key data from secondary sources 29
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 30
2.1.2.2 List of primary participants 31
2.1.2.3 Key industry insights 31
2.1.2.4 Breakdown of interviews with experts 31
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 33
2.3 GROWTH FORECAST 33
2.4 DATA TRIANGULATION 34
2.5 FACTOR ANALYSIS 35
2.6 RESEARCH ASSUMPTIONS 35
2.7 LIMITATIONS & RISKS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OXYGEN SCAVENGERS MARKET 41
4.2 OXYGEN SCAVENGERS MARKET, BY TYPE 41
4.3 OXYGEN SCAVENGERS MARKET, BY FORM 42
4.4 OXYGEN SCAVENGERS MARKET, BY END-USE INDUSTRY 42
4.5 OXYGEN SCAVENGERS MARKET, BY COUNTRY 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 44
5.2.1.1 Rising beverage consumption in North America and Asia Pacific 44
5.2.1.2 Growing consumer concerns over reduction of food wastage and demand for advanced packaging 46
5.2.1.3 Increasing demand for fresh and quality packaged foods 46
5.2.1.4 Rising demand for oxygen scavengers from various end-use industries 47
5.2.2 RESTRAINTS 48
5.2.2.1 Environmental and disposal concerns of by-products 48
5.2.2.2 Limited awareness and understanding of oxygen scavengers 48
5.2.3 OPPORTUNITIES 48
5.2.3.1 Rising demand for pharmaceuticals and medical devices 48
5.2.3.2 Changing consumer preference for convenience, premium quality, and wellness-focused ready-to-drink beverages 49
5.2.3.3 Adoption of PET and rPET in food & beverage sector 50
5.2.4 CHALLENGES 50
5.2.4.1 Incorporation of oxygen scavenging systems into polymer matrices 50
5.2.4.2 Challenges in processing oxygen-scavenging films 51
5.2.4.3 Effects of different food processing methods on films 51
5.2.4.4 Health concerns associated with oxygen scavengers 51
5.3 PORTER’S FIVE FORCES ANALYSIS 52
5.3.1 THREAT OF NEW ENTRANTS 52
5.3.2 THREAT OF SUBSTITUTES 53
5.3.3 BARGAINING POWER OF SUPPLIERS 53
5.3.4 BARGAINING POWER OF BUYERS 53
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 53
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 54
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 54
5.4.2 BUYING CRITERIA 55
5.5 VALUE CHAIN ANALYSIS 56
5.5.1 RAW MATERIAL SUPPLIERS 56
5.5.2 MANUFACTURERS 56
5.5.3 DISTRIBUTORS 57
5.5.4 END USERS 57
5.6 ECOSYSTEM ANALYSIS 57
5.7 KEY CONFERENCES AND EVENTS, 2024–2025 58
5.8 PATENT ANALYSIS 59
5.8.1 METHODOLOGY 59
5.8.2 DOCUMENT TYPES 60
5.8.3 PUBLICATION TRENDS 60
5.8.4 INSIGHTS 61
5.8.5 JURISDICTION ANALYSIS 61
5.8.6 TOP APPLICANTS 61
5.9 TRADE ANALYSIS 62
5.9.1 IMPORT SCENARIO (HS CODE 2821) 62
5.9.2 EXPORT SCENARIO (HS CODE 2821) 64
5.10 MACROECONOMIC INDICATORS 64
5.10.1 GLOBAL GDP TRENDS 64
5.11 PRICING ANALYSIS 67
5.11.1 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2029 67
5.11.2 AVERAGE SELLING PRICE TREND, BY TYPE, 2021–2027 67
5.11.3 AVERAGE SELLING PRICE TREND, BY FORM, 2021–2027 67
5.12 INVESTMENT AND FUNDING SCENARIO 68
5.13 CASE STUDY ANALYSIS 68
5.13.1 ENHANCING SHELF LIFE AND STABILITY OF COCONUT WATER THROUGH ADVANCED PACKAGING SOLUTIONS 68
5.13.2 OXYGEN REMOVAL IN NATURAL GAS SYSTEMS 69
5.13.3 IMPROVING SHELF LIFE WITH HYDROGEN-OPTIMIZED OXYGEN SCAVENGERS 69
5.14 REGULATORY LANDSCAPE 70
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
5.14.2 REGULATORY STANDARDS IN NORTH AMERICA 72
5.14.3 REGULATORY STANDARDS IN EUROPE 73
5.14.4 REGULATORY STANDARDS IN ASIA PACIFIC AND MIDDLE EAST AND AFRICA 74
5.15 TECHNOLOGY ANALYSIS 75
5.15.1 KEY TECHNOLOGIES 75
5.15.1.1 Nano-active high oxygen-absorbing film 75
5.15.1.2 Biodegradable oxygen-absorbing film 75
5.15.2 COMPLEMENTARY TECHNOLOGIES 76
5.15.2.1 Oxygen indicator systems 76
5.16 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 76
5.17 IMPACT OF AI 77
6 OXYGEN SCAVENGERS MARKET, BY TYPE 78
6.1 INTRODUCTION 79
6.2 INORGANIC OXYGEN SCAVENGERS 80
6.2.1 HIGH DEMAND IN COMMERCIAL INDUSTRY TO FUEL MARKET 80
6.2.2 IRON-BASED 80
6.2.3 SULFITE-BASED 81
6.2.4 OTHER INORGANIC OXYGEN SCAVENGERS 81
 
6.3 ORGANIC OXYGEN SCAVENGERS 81
6.3.1 LOW CORROSIVITY AND ENVIRONMENTALLY FRIENDLY CHARACTERISTICS TO DRIVE MARKET 81
6.3.2 CARBOHYDRAZIDE 81
6.3.3 DIETHYLHYDROXYLAMINE 82
6.3.4 OTHER ORGANIC OXYGEN SCAVENGERS 82
7 OXYGEN SCAVENGERS MARKET, BY FORM 83
7.1 INTRODUCTION 84
7.2 SACHETS 86
7.2.1 DEMAND FROM FOOD AND PHARMACEUTICAL INDUSTRIES TO BOOST MARKET 86
7.3 CANISTERS 86
7.3.1 CONTROLLED AND SUSTAINED ABSORPTION OF OXYGEN OVER EXTENDED PERIODS TO FUEL DEMAND 86
7.4 LIQUIDS 86
7.4.1 PRECISE CONTROL OVER OXYGEN LEVELS AND OPTIMAL PROTECTION AGAINST CORROSION TO PROPEL MARKET 86
7.5 FILMS & LAMINATES 87
7.5.1 BARRIER AGAINST PERMEATION AND REMOVAL OF OXYGEN ENTERING PACKAGES TO BOOST DEMAND 87
7.6 RESINS 87
7.6.1 OPTIMAL EFFICIENCY OF OXYGEN REMOVAL TO DRIVE MARKET 87
7.7 OTHER FORMS 87
8 OXYGEN SCAVENGERS MARKET, BY END-USE INDUSTRY 88
8.1 INTRODUCTION 89
8.2 FOOD & BEVERAGE 91
8.2.1 PRESERVATION OF FOOD PRODUCTS TO BOOST MARKET 91
8.3 PHARMACEUTICALS 91
8.3.1 PREVENTION OF DEGRADATION OF PHARMACEUTICAL PRODUCTS TO FUEL DEMAND 91
8.4 POWER 92
8.4.1 EQUIPMENT LONGEVITY, LOWER OPERATIONAL COSTS, AND IMPROVED ENERGY OUTPUT TO PROPEL MARKET 92
8.5 OIL & GAS 92
8.5.1 MITIGATING CORROSION RISK TO FUEL MARKET 92
8.6 CHEMICALS 92
8.6.1 MAINTENANCE OF EFFICACY OF CHEMICAL FORMULATIONS TO BOOST DEMAND 92
8.7 PULP & PAPER 93
8.7.1 ENHANCEMENT OF EFFICIENCY OF PRODUCTION PROCESSES AND QUALITY OF PAPER PRODUCTS TO DRIVE MARKET 93
8.8 OTHER END-USE INDUSTRIES 93
9 OXYGEN SCAVENGERS MARKET, BY REGION 94
9.1 INTRODUCTION 95
9.2 NORTH AMERICA 97
9.2.1 US 100
9.2.1.1 Growing dairy and processed products industries to boost market 100
9.2.2 CANADA 102
9.2.2.1 Demand from growing food & beverage industry to propel market 102
9.2.3 MEXICO 104
9.2.3.1 Growth of wastewater treatment and packaged food sectors to drive market 104
9.3 EUROPE 106
9.3.1 GERMANY 110
9.3.1.1 Rising population and demand for product quality to fuel market growth 110
9.3.2 FRANCE 112
9.3.2.1 Growth of agri-food and chemical sectors to boost market 112
9.3.3 SPAIN 114
9.3.3.1 Opportunities in food and pharma packaging to fuel demand 114
9.3.4 UK 116
9.3.4.1 Increasing demand for sustainability and smart packaging in food & beverage industry to drive market 116
9.3.5 ITALY 118
9.3.5.1 Growth of chemicals, pharmaceuticals, and food & beverage industries to boost demand 118
9.3.6 RUSSIA 119
9.3.6.1 Growing dairy consumption and expansion of pharmaceutical sector to propel market 119
9.3.7 REST OF EUROPE 121
9.4 ASIA PACIFIC 123
9.4.1 CHINA 127
9.4.1.1 Evolving food preservation standards to drive demand for oxygen scavengers 127
9.4.2 JAPAN 129
9.4.2.1 High regulatory standards in pharmaceutical and food industries to drive market 129
9.4.3 INDIA 131
9.4.3.1 Growing food processing sector to increase demand 131
9.4.4 AUSTRALIA 133
9.4.4.1 Advanced manufacturing and innovation in food & beverage and pharma sectors to drive growth 133
9.4.5 SOUTH KOREA 135
9.4.5.1 Surge in demand for specialty foods to drive market 135
9.4.6 REST OF ASIA PACIFIC 137
 
9.5 MIDDLE EAST & AFRICA 139
9.5.1 GCC COUNTRIES 142
9.5.1.1 UAE 143
9.5.1.1.1 Significantly expanding food sector to propel market growth 143
9.5.1.2 Saudi Arabia 145
9.5.1.2.1 High growth potential in various sectors to drive demand 145
9.5.1.3 Rest of GCC countries 147
9.5.2 SOUTH AFRICA 149
9.5.2.1 Diversified economy to drive growth 149
9.5.3 REST OF MIDDLE EAST & AFRICA 151
9.6 SOUTH AMERICA 153
9.6.1 BRAZIL 156
9.6.1.1 Large food & beverage industry and sustainable energy policies to drive growth 156
9.6.2 ARGENTINA 158
9.6.2.1 Growing pharmaceutical sector to drive market 158
9.6.3 REST OF SOUTH AMERICA 159
10 COMPETITIVE LANDSCAPE 162
10.1 OVERVIEW 162
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 162
10.3 REVENUE ANALYSIS, 2023 165
10.4 MARKET SHARE ANALYSIS, 2023 165
10.5 COMPANY VALUATION AND FINANCIAL METRICS, 2023 168
10.6 BRAND/PRODUCT COMPARISON ANALYSIS 169
10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 169
10.7.1 STARS 169
10.7.2 EMERGING LEADERS 170
10.7.3 PERVASIVE PLAYERS 170
10.7.4 PARTICIPANTS 170
10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 171
10.7.5.1 Company footprint 171
10.7.5.2 Region footprint 172
10.7.5.3 Type footprint 173
10.7.5.4 Form footprint 174
10.7.5.5 End-use industry footprint 175
10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 176
10.8.1 PROGRESSIVE COMPANIES 176
10.8.2 RESPONSIVE COMPANIES 176
10.8.3 DYNAMIC COMPANIES 176
10.8.4 STARTING BLOCKS 176
10.8.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023 178
10.8.5.1 Detailed list of key startups/SMEs 178
10.8.5.2 Competitive benchmarking of key startups/SMEs 179
10.9 COMPETITIVE SCENARIO 180
10.9.1 EXPANSIONS 180
10.9.2 DEALS 180
10.9.3 PRODUCT LAUNCHES 181
11 COMPANY PROFILES 182
11.1 KEY PLAYERS 182
11.1.1 MITSUBISHI GAS CHEMICAL COMPANY, INC. 182
11.1.1.1 Business overview 182
11.1.1.2 Products/Solutions/Services offered 183
11.1.1.3 MnM view 184
11.1.1.3.1 Right to win 184
11.1.1.3.2 Strategic choices 184
11.1.1.3.3 Weaknesses and competitive threats 184
11.1.2 CLARIANT 185
11.1.2.1 Business overview 185
11.1.2.2 Products/Solutions/Services offered 186
11.1.2.3 Recent developments 187
11.1.2.3.1 Product launches 187
11.1.2.4 MnM view 187
11.1.2.4.1 Right to win 187
11.1.2.4.2 Strategic choices 187
11.1.2.4.3 Weaknesses and competitive threats 187
11.1.3 ECOLAB 188
11.1.3.1 Business overview 188
11.1.3.2 Products/Solutions/Services offered 189
11.1.3.3 Recent developments 190
11.1.3.3.1 Deals 190
11.1.3.4 MnM view 190
11.1.3.4.1 Right to win 190
11.1.3.4.2 Strategic choices 190
11.1.3.4.3 Weaknesses and competitive threats 190
11.1.4 BASF 191
11.1.4.1 Business overview 191
11.1.4.2 Products/Solutions/Services offered 192
11.1.4.3 Recent developments 193
11.1.4.3.1 Expansions 193
11.1.4.4 MnM view 193
11.1.4.4.1 Right to win 193
11.1.4.4.2 Strategic choices 193
11.1.4.4.3 Weaknesses and competitive threats 193
11.1.5 AVIENT CORPORATION 194
11.1.5.1 Business overview 194
11.1.5.2 Products/Solutions/Services offered 195
11.1.5.3 MnM view 196
11.1.5.3.1 Right to win 196
11.1.5.3.2 Strategic choices 196
11.1.5.3.3 Weaknesses and competitive threats 196
11.1.6 VEOLIA 197
11.1.6.1 Business overview 197
11.1.6.2 Products/Solutions/Services offered 198
11.1.6.3 Recent developments 199
11.1.6.3.1 Deals 199
11.1.6.4 MnM view 199
11.1.7 INDORAMA VENTURES PUBLIC COMPANY LIMITED 200
11.1.7.1 Business overview 200
11.1.7.2 Products/Solutions/Services offered 201
11.1.7.3 Recent developments 202
11.1.7.3.1 Deals 202
11.1.7.4 MnM view 202
11.1.8 THE SHERWIN-WILLIAMS COMPANY 203
11.1.8.1 Business overview 203
11.1.8.2 Products/Solutions/Services offered 204
11.1.8.3 Recent developments 204
11.1.8.3.1 Deals 204
11.1.8.4 MnM view 204
11.1.9 PROFUSION INDUSTRIES 205
11.1.9.1 Business overview 205
11.1.9.2 Products/Solutions/Services offered 205
11.1.9.3 MnM view 205
11.1.10 RING CONTAINER TECHNOLOGIES 206
11.1.10.1 Business overview 206
11.1.10.2 Products/Solutions/Services offered 206
11.1.10.3 MnM view 206
11.1.11 EASTMAN CHEMICAL COMPANY 207
11.1.11.1 Business overview 207
11.1.11.2 Products/Solutions/Services offered 208
11.1.11.3 MnM view 208
11.1.12 MULTISORB 209
11.1.12.1 Business overview 209
11.1.12.2 Products/Solutions/Services offered 209
11.1.12.3 MnM view 210
11.1.13 ARKEMA 211
11.1.13.1 Business overview 211
11.1.13.2 Products/Solutions/Services offered 212
11.1.13.3 MnM view 213
11.2 OTHER PLAYERS 214
11.2.1 PLASTIPAK HOLDINGS, INC. 214
11.2.2 KHS GROUP 215
11.2.3 DESICCARE, INC. 216
11.2.4 SLB 217
11.2.5 ADVANCION CORPORATION 218
11.2.6 CHEMTEX SPECIALITY LIMITED 219
11.2.7 THERMAX LIMITED 220
11.2.8 ACCEPTA WATER TREATMENT 221
11.2.9 HYDRITE CHEMICAL 222
11.2.10 WILHELMSEN 223
11.2.11 UMICORE 224
11.2.12 SHAKTI CHEMICALS 225
12 APPENDIX 226
12.1 DISCUSSION GUIDE 226
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
12.3 CUSTOMIZATION OPTIONS 231
12.4 RELATED REPORTS 231
12.5 AUTHOR DETAILS 232