The global oxygen scavenger market addresses the critical challenge of oxygen-induced deterioration in various products. Oxygen's detrimental effects on packaged food can lead to quality degradation, affecting taste, appearance, and nutritional value. Oxygen scavengers serve as a vital solution by eliminating or minimizing oxygen levels within the packaging. This preserves product integrity, extends shelf life, and safeguards against indirect effects such as microbial growth and oxidation. As industries prioritize product quality and longevity, the demand for oxygen scavengers is expected to rise, driving sustained growth in the global market.
According to Data Bridge Market Research, the Global Oxygen Scavenger Market was valued at USD 2.2 billion in 2021 and is expected to reach the value of USD 3.43 billion by 2029, at a CAGR of 5.70% during the forecast period of 2022-2029.
“Escalating demand for high-quality packaged goods across various industries facilitate market growth”
The global oxygen scavenger market is driven by an escalating demand for high-quality packaged goods across various industries. As consumers seek extended shelf life, improved freshness, and minimized spoilage in their products, oxygen scavengers play a pivotal role in maintaining product integrity. Industries such as food, pharmaceuticals, and electronics require efficient oxygen removal to safeguard items from degradation and ensure prolonged usability. This demand surge underscores the critical need for oxygen scavengers, spurring their adoption and contributing to the expansion of the global market.
What restraints the growth of the global oxygen scavenger market?
“Lack of technical expertise in effectively handling specific oxygen scavenger solutions”
A significant restraint in the global oxygen scavenger market is the lack of technical expertise in effectively handling specific oxygen scavenger solutions. These scavengers often require precise application methods and knowledge to achieve optimal performance. Inadequate understanding among end users about the compatibility, activation, and storage conditions of diverse oxygen scavengers can lead to suboptimal results and wastage. Manufacturers must address this limitation by providing comprehensive guidelines and training to ensure proper utilization, thereby mitigating the challenges posed by the lack of technical proficiency and fostering market growth.
Segmentation: Global Oxygen Scavenger Market
The oxygen scavenger market is segmented on the basis of type, composition, form, and end-use industry.
- On the basis of type, the oxygen scavenger market is segmented into metallic oxygen scavengers, and non-metallic oxygen scavengers.
- On the basis of composition, the oxygen scavenger market is segmented into organic, and inorganic.
- On the basis of form, the oxygen scavenger market is segmented into sachets, canisters, bottle caps and labels, O.S. films and pet bottles, liquid, powder.
- On the basis of end-use industry, the oxygen scavenger market is segmented into food and beverage, pharmaceutical, power, oil and gas, chemical, pulp and paper, and others.
Regional Insights: North America dominates the Global Oxygen Scavenger Market
North America leads the oxygen scavenger market due to a surge in the demand for high-quality packaged foods. As consumer preferences lean towards convenience and longer shelf life, oxygen scavengers play a crucial role in preserving freshness. Intensive research and development efforts aimed at refining packaging techniques amplify this dominance by ensuring food integrity, spurring the region's growth in the oxygen scavenger market.
The Asia-Pacific region is poised for growth between 2022 and 2029, driven by shifting consumer preferences. As health-conscious consumers prioritize safe, minimally wasted, and nutritious food options, the demand for oxygen scavengers increases. Heightened awareness of sustainability issues bolsters this trend, prompting manufacturers to adopt scavenging solutions that align with eco-friendly principles, ultimately propelling the growth of the oxygen scavenger market in the region.
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The Prominent Key Players Operating in the Global Oxygen Scavenger Market Include:
- Robert Bosch GmbH (Germany)
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy)
- Körber AG (Germany)
- Coesia S.p.A (Italy)
- Syntegon Technology GmbH (Germany)
- Otto Bihler Maschinenfabrik GmbH & Co. KG (Germany)
- Romaco Group (Germany)
- Uhlmann Group (Germany)
- Maquinaria Industries Dara, SL (Spain)
- MULTIVAC (Germany)
- Accutek packaging Companies (U.S.)
- Vanguard Pharmaceutical Machinery, Inc. (U.S.)
- OPTIMA packaging group GmbH (Germany)
- ACG (India)
- Trustar Pharma Pack Equipment, Co. Ltd. (China)
- MG2 s.r.l. (Italy)
- Busch Machinery Inc, (U.S.)
- Inline Filling Systems (U.S.)
- Duke Technologies, LLC. (India)
- ARPAC LLC (U.S.)
- ACIC Pharmaceuticals Inc. (Canada)
- AST, Inc. (U.S.)
- Truking Technology Limited (China)
- NJM Packaging (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global oxygen scavenger market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Oxygen Scavenger Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
