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Pulished Date April, 2021
ID: 8373
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Oxygen Scavengers Market By Type (Metallic, and Non-Metallic), End-use (Food & Beverage, Pharmaceutical, Power, Oil & Gas, Chemical, Pulp & Paper), and Region (North America, Latin America, Europe, APAC, MEA) | 2021 - 2026

Pulished: April, 2021
ID: 8373
Pages: 170

Oxygen Scavengers Market Analysis Report (2021 - 2026)

The global oxygen scavenger market is predicted to reach $ 4.29 billion by 2026, with a compound annual growth rate of 7.9% from 2021 to 2026.

The escalating call for high-quality packaged foods is predicted to drive expansion in the oxygen scavengers during the foreseen period. The rising awareness of reduced food waste and increased call for advanced packaging among consumers is predicted to help industry expansion during the foreseen period. Oxygen sensors play an important role in food preservation. Many foods are oxygen sensitive. Oxygen is responsible for the deterioration of many food products, directly or indirectly. Food spoilage is caused by oxidation reactions or the presence of aerobic spoilage microorganisms. Therefore, to preserve these products, oxygen is often removed. The availability of oxygen present in food packaging is mainly due to flaws in the packaging procedure, as the availability of a gas mixture having oxygen leftovers. Vacuum packaging has been widely employed to remove oxygen from packages prior to sealing. However, oxygen entering the external environment into the packages through the packaging material cannot be removed using oxygen sensors.

Oxygen scavengers are generally employed in containers to help eliminate or reduce the level of oxygen in the containers. They help maintain product quality by ensuring its safety and extending its shelf life. Various oxygen scavengers are employed in applications like food and beverages, pharmaceuticals, energy, oil and gas, chemicals, etc. This helps reduce accelerated corrosion caused by the presence of oxygen in a high heat environment. Initially, sulfite and hydrazine were the main materials employed to protect boilers from oxygen. However, hydrazine has been identified as a possible carcinogen in many countries. Therefore, manufacturers have adopted oxygen scavengers as a substitute for hydrazine.

Recent Developments 

PolyOne has launched a new nylon base low mist oxygen scavenger for rigid PET packaging. Improved recyclability when using the new grade results in a 50% reduction in yellowing during the mechanical recycling process, which is beneficial when the material is recycled multiple times.

Oxygen Scavengers Market Drivers

Novel technologies and developments are estimated to accelerate the rise in the call for oxygen scavengers over the calculated period. Anti-oxygen products maximize product life and improve product safety. They improve the quality of the boiler feedwater by reducing its oxygen content. The food packaging industry is predicted to drive calls in the industry. They are also making efforts to improve the quality of equipment and extend the life of products. The oxygen removal process is widely employed in the food and beverage industry during packaging, to remove or reduce the oxygen level in the packaging, which improves the shelf life of the products and prevents any contamination. The growing call for high-quality packaged food and rising disposable incomes of the middle class in emerging countries are fueling the call for packaged food. In addition, oxygen scavengers are employed to improve the quality of the water for boiler feed, to prevent corrosion of the equipment by dissolved oxygen, and to remove oxygen from the pharmaceutical container. The growing call from end-use industries like the pharmaceutical, oil and gas and chemical industries is a key factor in the expansion of the global oxygen scavenger industry.

Restraints in the Oxygen Scavengers Market

Effective oxygen scavengers, like hydrazine, are relatively more expensive than other sulfide scavenging components, which is a key factor limiting the expansion of oxygen scavengers. There are few health risks associated with the use of oxygen scavengers. Escalated exposure or consumption of raw materials like hydrazine, carbon, or iron oxide can pose a threat to human health. Also, it can cause irritation to the eyes, throat and nose; dizziness; headache; pulmonary edema; pneumoconiosis; respiratory problems; and high blood pressure in humans. Therefore, safety measures and precautions should be taken regarding its packaging and instructions for use.

Opportunities in the Oxygen Scavengers Market

The adoption of advanced materials in oxygen scavengers, like enzymes and DEHA, is predicted to create significant opportunities in the global oxygen scavenger industry during the foreseen period. The call for oxygen scavengers has grown tremendously due to its ability to absorb oxygen, preventing spoilage of food and other consumables. Today's consumers call for ready-to-eat food products that can be stored longer. The growing call for active packaging techniques that protect food from microorganisms and help retain nutritional value, especially in North America and Asia-Pacific is predicted to positively impact the industry.

Challenges in the Oxygen Scavengers Market

The expansion of the global oxygen scavenger industry may be affected by negative consumer perceptions of oxygen scavengers. Consumers in North America generally do not prefer bags in food packaging, as these bags are prone to accidental breakage and mix with food products. This could potentially delay the expansion of the stock industry in the coming years.

Oxygen Scavengers Market Segmentation:

Oxygen Scavengers Market- By Composition

  • Organic
  • Inorganic

Between these two sectors, inorganic oxygen scavengers are employed on a large scale compared to organic scavengers.

Oxygen Scavengers Market- By Form

  • Sachets & Labels
  • OS Films & PET Bottles
  • Liquid Form
  • Powder Form

The sachets and labels sector has experienced a high industry share on the basis of volume for 2019. They are widely employed due to their easy availability and low cost.

Oxygen Scavengers Market - By End-user

  • Food & Beverage
  • Pharmaceutical
  • Oil & Gas
  • Power Generation
  • Others

Oil & gas segment is touted to raise at a notable CAGR by the end of the year 2025 compared to other verticals.

Oxygen Scavengers Market - By Region

  • North American Oxygen Scavengers Industry includes U.S, Canada.

  • Europe Oxygen Scavengers Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific Oxygen Scavengers Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America Oxygen Scavengers Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • Middle East & Africa Oxygen Scavengers Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

North America is predicted to be the largest industry for oxygen scavengers during the foreseen period. North America is the largest consumer of packaged food and pharmaceuticals. In addition, factors like the large industrial base, high disposable incomes and high standard of living for the region's population are predicted to drive expansion in the oxygen scavenger industry in North America. The Asia-Pacific oxygen scavenger industry is predicted to experience the strongest expansion during the outlook period, due to the rising standard of living, which is predicted to drive call for packaged foods in the region in the future. In addition, government initiatives and policies to attract investment from various international companies will drive the expansion of various oxygen scavenger end-use industries and support industry expansion in the area.

Oxygen Scavengers Market Key Players:

Significant players working in the global oxygen scavengers market are Tosaf Group, Clariant AG, Henkel AG & Company, KgaA, Albis Plastic GmbH, Gabriel-Chemie, and Nanobiomatters.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Metallic    

                                5.1.3 Non Matallic           

                                5.1.4  Y-o-Y Growth Analysis, By Product              

                                5.1.5  Market Attractiveness Analysis, By Product            

                                5.1.6  Market Share Analysis, By Product              

                5.2 End-Use Industry                     

                                5.2.1 Introduction           

                                5.2.2 Food & Beverage 

                                5.2.3 Pharmaceutical     

                                5.2.4 Power       

                                5.2.5 Oil & Gas  

                                5.2.6 Chemical  

                                5.2.7 Pulp & Paper          

                                5.2.8 Y-o-Y Growth Analysis, By Type     

                                5.2.9 Market Attractiveness Analysis, By Type   

                                5.2.10 Market Share Analysis, By Type   

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By End-Use Industry

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By End-Use Industry

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By End-Use Industry

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Mitsubishi Gas Chemical Company (Japan)                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 BASF SE (Germany)                 

                8.3 Ecolab Inc. (US)                         

                8.4 Clariant Ltd. (Switzerland)                    

                8.5 Kemira OYJ (Finland)                              

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by type, by end user along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Oxygen Scavengers Market By Region, From 2021-2026( USD Billion )

  2. Global Oxygen Scavengers Market By Type, From 2021-2026( USD Billion )

  3. Global Metallic Market By Region, From 2021-2026( USD Billion )

  4. Global Non Metallic Market By Region, From 2021-2026( USD Billion )

  5. Global Oxygen Scavengers Market By End-Use Industry, From 2021-2026( USD Billion )

  6. Global Food & Beverage Market By Region, From 2021-2026( USD Billion )

  7. Global Pharmaceutical Market By Region, From 2021-2026( USD Billion )

  8. Global Power Market By Region, From 2021-2026( USD Billion )

  9. Global Oil & Gas Market By Region, From 2021-2026( USD Billion )

  10. Global Chemical Market By Region, From 2021-2026( USD Billion )

  11. Global Pulp & Paper Market By Region, From 2021-2026( USD Billion )

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