Global Oxygen Scavengers Market Overview, Size, Share, and Trends Market Players, Type, Application and Region 2019-2025

Author : Ravi Chawat | Published Date : 2021-09-15 

Oxygen Scavenger Market is likely to surpass USD 3 billion by 2025 with a CAGR of 4.8%.

Rising need for food preservation and shelf life maintenance is likely to trigger the sales of oxygen scavengers within the forecast period. The popularity of product is rising rapidly owing to its astounding benefits, it provides protection from oxygen & moisture and minimizes the risk of microbiological contamination. The product aids in preserving the structure, taste and odor of food & beverages while avoiding wastage. Consumers are leaning towards ready to eat packaged foods due to time constraints and ease of convenience. Such trends will positively influence the consumption of packaged foods & beverages thereby propelling overall industry.

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In industrial boilers, maintaining optimum boiler efficiency is of crucial importance. Dissolved oxygen in feed water creates serious issues by damaging boiler components and generating unnecessary breakdowns. If left uncontrolled, oxygen causes pitting of metal leading to rust formation. Hence, use of oxygen scavengers is necessary along with deaerators to maintain desired operational efficiency. Rapid industrialization and growth of manufacturing sector will facilitate the growth of boiler industry. Emphasis on reducing repair & maintenance costs and enhancing productivity will compel industrial manufacturers to opt for the product. These aforementioned trends will boost the consumption of the product during the forecast time period.

Risk of possible rupture of oxygen scavenging sachets and accidental ingestion of oxygen scavenging materials along with food may affect consumer popularity in near future. In addition, some of the oxygen absorbers used for boiler feed treatment are harmful. This in turn may hinder the oxygen scavenger market between 2019 to 2025.

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Oxygen scavenger market is segmented on the basis of composition, form and end-user. Organic segment will clutch over 35% volume share by 2025. Innovation trends are likely to drive the growth of this segment in upcoming years.

Sachets, canisters bottle caps & labels will grow at a CAGR over 5.0% at the end of forecast period. Ease of usability and superior oxygen reducing performance will bolster the growth of oxygen scavenging sachets & labels. Powder segment will capture more than USD 800 million by 2025 owing to wide range of applications in boiler industry for water treatment.

Food & beverage and pharmaceutical sectors exhibit promising future trends due to rising popularity of active packaging. Power generation will grow over a 3.5% CAGR between 2019 to 2025.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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