SUEZ Water Technologies & Solutions (US), Major players operating in the global Oxygen Scavengers Market include: Moreover, industrialization and government initiatives in power, oil & gas, and chemical industries to attract investments is also driving the market for oxygen scavengers in the region. Additionally, demand for processed food & beverages is increasing the consumption of oxygen scavenger. China, Japan, South Korea, India, and Australia are the key oxygen scavenger markets in this region. Rising population, urbanization, increasing disposable incomes, and growing food & beverages industry contributes to the growth of the market in APAC. The growth of the market in the region is mainly credited to emerging economies such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand. Moreover, rising income level and growth of the middle-class population are also driving demand for oxygen scavengers in the food & beverage industry.ĪPAC is projected to grow the fastest in the oxygen scavengers market during the forecast period. Oxygen scavengers provide longer shelf life and freshness to processed food & beverages. Additionally, good quality packaging of food & beverages, increasing urbanization in emerging economies, and rising demand for convenient foods are also expected to propel the growth of the market.
#Oxygen scavengers drivers#
Rising demand for processed foods and growing awareness on food wastage due to unhygienic and improper packaging are key growth drivers for the oxygen scavengers market. Oxygen scavengers have applications in various end-use industries such as food & beverage, pharmaceutical, power, oil & gas, chemical, and pulp & paper end-use industries.įood & beverages industry is expected to be the largest oxygen scavenger segment in 2021. These chemicals are also ideal for reducing corrosion in water-handling equipment such as, boilers and feedwater systems. Inorganic oxygen scavengers are iron and sulfite-based, and oxygen scavengers such as DEHA and carbohydrazide are organic. Oxygen scavengers are produced in two major types including inorganic and organic oxygen scavengers. They are mainly used in food & beverages industry to provide additional safety and enhanced shelf life to food products.
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Oxygen scavengers are chemicals used to reduce the oxygen level present in enclosed packages.
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Chicago, J(GLOBE NEWSWIRE) - According to the new market research report " Oxygen Scavengers Market By Type (Inorganic oxygen scavengers, Organic oxygen scavengers), By End-use Industry (Food & Beverage, Pharmaceutical, Power, Oil & Gas, Chemical, Pulp & paper), and Region - Global Forecast To 2026", The global oxygen scavengers market size was valued at USD 2.2 billion in 2021 and is projected to reach USD 2.9 billion by 2026 growing at a CAGR of 5.5% between 20.