Oxygen Scavengers Market Size

Oxygen Scavengers Market Size

Oxygen Scavengers Market size estimated at USD 2 billion in 2018 and will witness more than 4.5% CAGR from 2019 to 2025

Oxygen scavengers, also known as oxygen absorber, is primarily used to reduce or remove oxygen from various types of packages and feed water of boiler systems. It prevents deteriorative reactions caused by availability of oxygen, thereby improving operational capability of various products & processes. Oxygen scavengers specifically employed for packaging applications fall under the category of active packaging. This type of packaging is often used in food & beverage and pharmaceutical sectors, and it responds to changes occurring in the surrounding environment. The product helps to minimize negative effects of oxygen, while increasing the shelf life of packaged products. In boilers, it is used in conjunction with deaerators to remove residual oxygen content and inhibit corrosion. Additionally, they are used in oil & gas production, preservation of artworks & solderability of electronic parts, etc.

The oxygen scavengers market growth may be affected by negative consumer perceptions regarding oxygen scavengers in the form of sachets. Consumers in North America generally do not prefer sachets in food packaging as these sachets are prone to accidental rupture and getting mixed with food materials. This may potentially slowdown the sachet market growth in the next few years.