Oxygen Scavenger Market Size, Share, Industry, Forecast and outlook (2023-2030)

The market is growing at a high CAGR of 4.7%.

Major players are Clariant Ltd., Mitsubishi Gas Chemical Company, BASF SE, Ecolab Inc., Kemira OYJ, Hydrite Chemical Co., Arkema Group, Accepta Ltd., Thermax Ltd, MCC Chemicals, Inc. among others.

North America is currently the largest market for oxygen scavengers, followed by Asia Pacific. The Asia Pacific region is expected to witness strong growth in the coming years due to the increasing demand from countries like India and China.

One of the main challenges facing the Oxygen Scavenger Market is consumer objection to the insertion of packets containing scavengers inside packages. However, manufacturers are addressing this concern by incorporating scavengers into packaging films or layers.