Oxygen Scavengers Market Size Worth USD 6,625.54 Million by 2034 | CAGR: 7.3%

Oxygen Scavengers Market Size Worth USD 6,625.54 Million by 2034 | CAGR: 7.3%


The global oxygen scavengers market size is expected to reach USD 6,625.54 million by 2034, according to a new study by Polaris Market Research. The report “Oxygen Scavengers Market Size, Share, Trends, Industry Analysis Report: By Type (Inorganic and Organic), Form, End Use, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

An oxygen scavenger is a substance used in packaging to absorb and remove oxygen, thereby preserving the freshness, flavor, and quality of products by preventing oxidation and spoilage.

The oxygen scavengers market expansion is driven by expanding applications in the pharmaceutical and healthcare industries. Oxygen can degrade the quality and effectiveness of medications, especially in sensitive products like vitamins, antibiotics, and other perishable drugs. Oxygen scavengers are being increasingly used in pharmaceutical packaging to ensure that drugs remain effective and safe for consumption over extended periods. This growing application of oxygen scavengers in the healthcare sector, driven by the need for longer shelf life and product stability, is contributing to market growth.

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The growing shift toward sustainability is fueling the oxygen scavengers market development. Consumers and manufacturers are prioritizing environmentally friendly packaging solutions. Oxygen scavengers are increasingly being integrated into biodegradable and recyclable packaging materials, aligning with the shift toward reducing plastic waste and minimizing environmental impact. Companies are striving to meet sustainability goals and respond to environmental concerns, which is driving the demand for oxygen scavenger technologies that support eco-friendly practices.

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Oxygen Scavengers Market Report Highlights

  • Based on end use, the food & beverage segment dominated the oxygen scavengers market in 2024 due to its wide use in food packaging to extend shelf life and preserve product quality.
  • By type, the organic segment is expected to witness the fastest growth from 2025 to 2034 as organic oxygen scavengers are increasingly preferred due to their eco-friendly and sustainable properties.
  • North America dominated the global market in 2024 due to the presence of a large number of packaged food manufacturers in the region.
  • The Asia Pacific oxygen scavengers market is expected to record a significant share during the forecast period due to increasing demand for packaged food and beverages, particularly in emerging economies.
  • A few of the global key market players are Accepta Ltd.; Angus Chemical Company; Arkema; Baker Hughes; BASF SE; Clariant Inc.; Desiccare, Inc.; Eastman Chemical Company; Ecolab Inc.; Henkel AG & Co. KGaA; Innospec Inc.; Kemira; Multisorb Technologies Inc.; Plastichem (PTY) LTD; PolyOne Corporation; Sealed Air Corporation; Solenis, Solvay America Inc.; SUEZ Water Technologies & Solutions; and Tetra Technologies, Inc.

Polaris market research has segmented the oxygen scavengers market report on the basis of type, form, end use, and region:

By Type Outlook (Revenue USD Million, 20202034)

  • Inorganic
  • Organic

By Form Outlook (Revenue USD Million, 2020–2034)

  • Sachets/Canisters/Bottle Caps & Labels
  • OS Films & PET Bottles
  • Liquid
  • Powder

By End Use Outlook (Revenue USD Million, 2020–2034)

  • Food & Beverage
  • Pharmaceutical
  • Power
  • Oil & Gas
  • Chemical
  • Pulp & Paper
  • Others

By Regional Outlook (Revenue – USD Million, 2020–2034)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Oxygen Scavengers Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 3,281.51 million

Market size value in 2025

USD 3,515.23 million

Revenue Forecast by 2034

USD 6,625.54 million

CAGR

7.3% from 2025–2034

Base year

2024

Historical Data

2020–2023

Forecast Period

2025–2034

Quantitative Units

Revenue in USD million and CAGR from 2025 to 2034

Report Coverage

Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends

Segments Covered

  • By Type
  • By Form
  • By End Use

Regional Scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

  • Oxygen Scavengers Industry Trends Analysis (2024)
  • Company profiles/industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report Format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, regions, and segmentation.

For Specific Research Requirements

Request for Customized Report