Report Overview
Global Packaged Oxygen Market Highlights
Packaged Oxygen Market Size:
The global packaged oxygen market is expected to grow at a CAGR of 5.25%, reaching a market size of US$2,031.09 billion in 2030 from US$1,572.85 billion in 2025.
Packaged oxygen is the packaging of oxygen compressed in liquid, gas, or solid-state. Its application in the health sector was its initial market driving force, but since then, it has been used in many industrial processes. All living beings require oxygen, a non-metallic, odorless gas that forms a significant part of the ecosystem and finds application in various industries, medicines, and sciences. The demand for packaged oxygen has increased over time due to the growing need for oxygen in industrial applications. As concerns about air pollution increase, more people are requesting packaged oxygen for home care.
Furthermore, there has been an increased demand for packaged oxygen across every industry that utilizes it. Major respiratory diseases mentioned in the WHO report are lung cancer, COPD, asthma, acute lower respiratory tract infections, and tuberculosis. Hence, the healthcare sector has seen a significant increase in demand, leading to market expansion. The alarming rise in air pollution is also contributing to this increase.
What are the Global Packaged Oxygen Market drivers?
- Increased technological advancement is contributing to the global packaged oxygen market growth
The packaged oxygen market has been driving technological advancements and innovations to adapt to emerging changes. New technologies often result in new products, efficiencies, and experiences, leading to increased demand and subsequent market growth.
Moreover, the majority of the market is driven by rising consumer awareness of oxygen-packaged products and services. The businesses are innovating their product lines to meet consumer demands for more advanced, efficient, or sustainable options.
- Regulatory support and initiatives are anticipated to boost the global packaged oxygen market.
Government initiatives and regulatory frameworks are boosting the market's growth by raising investments, lowering entry barriers, and stimulating innovation in the packaged oxygen industry. Further injections can be made into this industry through new geographical markets or some emerging industries. Identifying these novel trends, capturing their nuances, and defining market presence will help businesses gain a competitive advantage. Collaborations among technology suppliers, research institutes, and industry participants may spur innovation and hasten market expansion. Through these collaborations, companies can build new products or enter unexplored markets with the added benefit of stronger resources and capabilities.
- Growing demand for industrial oxygen is anticipated to boost the global packaged oxygen market.
The demand for industrial oxygen is directly linked to the overall growth of the industrial sector. As industries expand, particularly manufacturing, chemicals, and healthcare, more oxygen is required for various tasks. Strict environmental regulations aimed at reducing emissions and enhancing air quality can positively influence the use of oxygen in pollution control systems. For instance, incineration and wastewater treatment plants use oxygen to lower pollution emissions. New advancements in oxygen production and delivery techniques will also propel market expansion. By improving access to oxygen for a broader range of businesses, technological advances can lead to more cost-effective and energy-efficient production methods, ultimately boosting market share.
- Growing demand from the healthcare industry is increasing the market expansion
The healthcare industry saw a sharp increase in demand for packaged oxygen due to the rising respiratory diseases worldwide. Packaged oxygen is recommended as the disease primarily affects the respiratory system, causing difficulties in breathing for patients. Patients were allowed to quarantine at home and receive remote medical consultations as the daily case count began to rise. They were directed to use packaged oxygen, a safer option to avoid breathing the contaminated air, which would negatively impact the patient's health.
What are the restraints of the Global Packaged Oxygen Market?
- High transportation cost is anticipated to hamper the market growth
Pure oxygen production involves advanced technology, which is very expensive. Transporting packaged oxygen cylinders requires strict safety precautions, increasing logistics costs. Packaged oxygen cylinders occupy great volume, requiring specialized storage units. Poor handling or storage results in safety hazards such as leaks and explosions. Thus, the high cost of transporting can hinder this market’s growth.
Global Packaged Oxygen Market Geographical Outlook:
- Asia Pacific is witnessing exponential growth during the forecast period.
There is a surge in demand for packaged oxygen across several industries in the Asia-Pacific region. This rise in demand may be attributed to several factors affecting several industries, such as hospitals, healthcare settings, and home care use, due to increased investment in health systems and rapid urbanization.
As the geriatric population grows, the demand for medical oxygen is increasing, particularly in Japan. Most of the oxygen is being consumed by the steel, welding, and cutting industries, which are thriving in Asia-Pacific because of industrialization and infrastructure-related projects. Its demand is driven by the expanding petrochemical and chemical industries in China and India, which require oxygen for various processes.
Moreover, the rising populations of countries such as China and India have increased the necessary packaged oxygen demand for healthcare. Due to the rapid urbanization in Southeast Asia, there is now a higher demand for packaged oxygen due to increased industrial activity. Supportive policies and subsidies in countries like China and India promote medical and industrial oxygen uses, leading to a significant market for packaged oxygen.
Key launches in the Global Packaged Oxygen Market:
Packaged Oxygen Market Scope:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Packaged Oxygen Market Size in 2025 | US$1,572.85 billion |
| Packaged Oxygen Market Size in 2030 | US$2,031.09 billion |
| Growth Rate | CAGR of 5.25% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Packaged Oxygen Market |
|
| Customization Scope | Free report customization with purchase |
The Global Packaged Oxygen Market is analyzed into the following segments:
- By Oxygen Type
- Medical Oxygen
- Industrial Oxygen
- By End-user
- Hospitals
- Industries
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Others
- North America