The global oxygen scavenger market is exhibiting a promising growth curve. The market size has shown significant growth from $2.6 billion in 2024 to $2.81 billion in 2025, a compound annual growth rate (CAGR) of 7.8%. This strong growth in the past years is attributed to several factors including food preservation, pharmaceutical industry, beverage industry, chemical industry, and environmental regulations.
With a steady growth momentum, the oxygen scavenger market is projected to reach $3.96 billion by 2029, indicating a CAGR of 9.0%. Expecting strong growth in the forecast period, the market’s future outlook is linked to aerospace and defense, e-commerce, oil and gas exploration, industrial automation, electronics industry, medical devices and diagnostics. Major trends set to define the forecast period include sustainability and green packaging, water treatment, industrial automation, advanced packaging materials, and corrosion prevention.
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What is Propelling the Growth of the Oxygen Scavenger Market?
The driving force behind the oxygen scavenger market’s positive performance comes from the mounting demand from the food and beverage industry. Oxygen scavengers are used to reduce or completely remove dissolved oxygen in foods and beverages, preserving their quality and extending shelf life. A clear indicator of this growth is the 2.9 percent growth in food and beverage sales in Sweden, reaching a revenue of $29.85 billion in September 2022.
What are the Key Segments of the Oxygen Scavenger Market?
1) By Type: Metallic, Non-Metallic
2) By Composition: Organic, Inorganic
3) By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder
4) By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper
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Who Are the Key Players in the Oxygen Scavenger Market?
A list of major companies operating in the oxygen scavenger market encompasses Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant AG, Ecolab Inc., Accepta Ltd., Arkema Group, Eastman Chemical Company, Henkel AG & Co. KGaA, Aditya Birla Chemicals, Esseco Ltd., Kuraray Co. Ltd., DOW Chemical Company, Conventya Inc., Chemco Industries Inc., Kemira Oyj, Hydrite Chemical Co., Kurita Water Industries Ltd., Baker Hughes, Innospec Inc., GE Water & Process Technologies, Veolia Water Technologies, Nalco Water, ChemTreat Inc., Italmatch Chemicals S.p.A., BWA Water Additives US LLC, Carus Corporation, SNF Group, Buckman Laboratories International Inc., Solvay SA, Lubrizol Corporation, Huntsman Corporation, AkzoNobel N.V., Evonik Industries AG, Calgon Carbon Corporation, Sumitomo Chemical Co. Ltd., Tosoh Corporation, Weifang Yaxing Chemical Co.Ltd., Chemworld Overseas Private Limited.
What are the Emerging Trends in the Oxygen Scavenger Market?
Innovative practices are setting the tone for the oxygen scavenger market. Companies are introducing eco-friendly packaging solutions to cater to a wider customer base and boost sales. Mitsubishi Gas Chemical, for example, launched its PFAS-free oxygen absorber, AGELESS, in July 2023. AGELESS oxygen absorbers, free of PFAS, help retain the flavor, color, fragrance, and nutritional value of freshly prepared food while significantly extending the shelf life of the packaged products.
Which Region is Leading the Growth in the Oxygen Scavenger Market?
North America held the largest share of the oxygen scavenger market as of 2024. The fastest-growing region is expected to be Asia-Pacific during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Oxygen Scavenger Market Report 2025 Offer?
The Global Oxygen Scavenger Market research report offers insights into market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Oxygen scavengers, also known as oxygen absorbers, are used to reduce or remove oxygen from fluids and enclosed spaces to prevent oxygen-induced corrosion. The Oxygen Scavenger Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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