The oxygen scavnger 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% during the forecast period. This report provides a comprehensive analysis of the market, including market size, share, demand with oxygen scavnger market trends, drivers and constraints, competitive aspects, and prospects for future growth. The market for oxygen scavenger is rising globally due to its usage in end-use industries like food & beverage, pharmaceutical and oil & gas especially in emerging economies. Oxygen scavengers can be defined as chemicals used to reduce the level of oxygen in enclosed packages. 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.

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Organic oxygen scavenger, is expected to be second largest segment by type  during the forecast period

Organic oxygen scavengers is further segmented into carbohydrazide and diethylhydroxylamine (DEHA). Organic oxygen scavengers are chemicals generally comprising non-metallic elements. These scavengers are used primarily when the product has to be shipped internationally, and detection of metal-based scavengers can pose problems for the particular product. These products are also used when contact between the iron-based chemicals and the product must be avoided, for example, dietary supplements or products. Organic oxygen scavengers are widely used in food preservation and pharmaceutical applications because they have natural origins and lower toxicity compared to some inorganic alternatives.

Sachets, is expected to be second largest segment by form during the forecast period.

Oxygen scavenger sachets are specialized packaging solutions meant to absorb and eliminate oxygen from sealed environments, protecting the products from oxidation and spoilage. Usually, the sachets contain reactive materials such as iron powder that chemically bind with the oxygen molecules. With a low oxygen level inside the packaging, oxygen scavengers enable the extension of shelf life for food, pharmaceuticals, and other sensitive products. Oxygen scavenger sachets can be added to any type of packaging format like bags, boxes, and containers. They are most appropriately used in active packaging systems wherein the oxygen level needs to be kept as low as possible to protect product integrity. Its usage leads to added safety of the final products as well as minimization of food waste, in a general sense contributing to broader sustainability in packaging.

Pharmaceutical, is expected to be second largest segment by end-use industry during the forecast period.

Oxygen scavengers are used in the pharmaceutical industry to protect the product from moisture, mold, oxygen, loss of quality, and color change. The need for increased shelf life between drug manufacturing and distribution, enabling cost optimization, newer class-based drug formulations, preservation of drug effectiveness, reduced time-to-market, and higher levels of stability are some of the benefits of oxygen scavengers in this industry. Oxygen scavengers maintain low oxygen levels and absorb moisture from the packaging, thus maintaining drug stability and extending their shelf life and quality. These oxygen scavengers are designed to be easily inserted into bottles, cans, and airtight containers. Extremely low oxygen levels are achievable within 24 hours of packaging, even with high permeability packaging commonly used in the pharmaceutical industry.

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North America is expected to be the second largest region in the global oxygen scavenger market in terms of value during the forecast period.

Countries considered in the North America region are US, Canada and Mexico. Oxygen scavengers are witnessing increasing demand in the region due to the improving standards of living and rising concerns over minimizing food wastage. The economic development and growth in various countries in this region lead to an expansion in the North American oxygen scavenger market. The increase in industrial activities has helped drive the market for oxygen scavengers. The US is the largest market for oxygen scavengers in North America owing to the large population and shift in demographics such as changing lifestyles, growing demand for convenient foods, and recovering industrial activities.

Oxygen Scavenger Companies

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the oxygen scavenger market. These 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).

Mitsubishi Gas Chemical Company, Inc. is one of the largest producers of oxygen scavengers globally. It operates through two business segments: the green energy & chemicals (formerly known as basic chemicals) and the specialty chemicals business sectors. The company offers oxygen scavengers under its specialty chemicals business segment. The company offers oxygen scavengers under its specialty chemicals business segment. Since establishment the company has evolved into a global leader in the chemical industry, producing a wide range of products from basic chemicals that support industrial foundations to specialty chemicals that enhance everyday life. 

Clariant is a leading specialty chemical company that offers innovative and sustainable solutions for various industries. The company operates through its three business segments: care chemicals, catalysts, and adsorbents & additives. It offers oxygen scavengers under its adsorbents & additives business (formerly known as natural resources). The adsorbents & additives business unit delivers value through sustainability-focused solutions, enabling material circularity and reducing reliance on fossil resources to lower CO2 emissions. Clariant, a leading specialty chemicals company, delivers innovative and sustainable solutions tailored to diverse industries.

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Ecolab is a leading provider of water, hygiene, and infection prevention solutions serving customers in over 170 countries. The company caters to various industries such as food & beverage, hospitality, healthcare, pulp & paper, mining & mineral processing, building & facilities, refining, fuel additive & petrochemical, power generation, and chemical processing. The company operates in four business segments: global industrial, global institutional & specialty, global healthcare & life sciences, and others. It provides oxygen scavengers under its global industrial segment which is further segmented into 3 subcategories which are water, food & beverage and paper. 

BASF SE is a leading player in the chemical industry. It operates business through 6 segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. The company offers oxygen scavengers under its catalyst division operated under the surface technologies segment.  The division offers a broad range of products and services, including precious and base metal services, chemical and process catalysts, stationary source emissions solutions, and advanced temperature sensing products. BASF’s catalyst solutions cover a wide array of applications, such as hydrogenation, dehydrogenation, oxidation, and fluid catalytic cracking for refining. A key component of BASF's portfolio is its adsorbents, including proprietary alumina, silica, alumino-silica gels, bentonite adsorbents, and base metal oxide guard bed materials.

Avient Corporation is a global manufacturer of specialized polymer materials and compounds. The company was formerly known as PolyOne Corporation until it rebranded to Avient Corporation in 2020. The company operates in two business segments: color, additives and inks and specialty engineered materials. The company offers oxygen scavenger under its specialty engineered materials business segment. Specialty engineered materials specializes in formulating sustainable, high-performance polymer solutions for diverse industries and applications. Its extensive product portfolio includes advanced thermoplastic resins, elastomers, and composites enhanced with additives, reinforcements, fillers, and biomaterials. The company has wide a network of advanced manufacturing facilities across Europe, the Middle East, Africa, and North America.