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Disinfectants Global Market Report 2021: COVID 19 Growth And Change to 2030

Disinfectants Global Market Report 2021: COVID 19 Growth And Change to 2030

  • May 2021
  • 175 pages
  • ID: 6070195
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the disinfectants market are 3M Company, Johnson & Johnson, Reckitt Benckiser Group PLC, Bio-Cide International Inc., Cardinal Health, Steris Corporation, Procter & Gamble, Kimberly-Clark Corporation and Novartis AG.

The global disinfectants market is expected grow from $0.66 billion in 2020 to $0.84 billion in 2021 at a compound annual growth rate (CAGR) of 27.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.42 billion in 2025 at a CAGR of 14%.

The disinfectants market consists of sales of the chemical solutions that kill microorganisms and prevent infectious diseases. Disinfectant in general refers to a chemical agent that is used to kill all recognized pathogenic microorganisms on inanimate objects on the surface of floors, tiles, washrooms, furniture and instrument.

Disinfectant service providers are using the drone to spray the disinfectant solutions without using humans to reduce the spread of infection from the contaminated area.In China, several drone manufacturer has modified their agricultural drone models, which were originally intended to spray crops with pesticides, to spray disinfectant.

Over large areas can be disinfected with ease and effective way.

A saturated market of developed economies is expected to limit the growth of the disinfectant market.In recent years, the developed countries are using the same quantity of disinfectant solutions as previous years.

Due to the stabilized consumption, the growth rate in developed markets is expected to decline when compared to the growth of disinfectants in the emerging market. Inadequate change in the market hampers the disinfectant market.

Rising occurrence of hospital-acquired infections increased spending on disinfectant solutions globally and this factor contributed to the global disinfectant market’s growth.Patients sometimes get cured in hospitals but however get infected by other diseases in hospitals itself, this is called Hospital-acquired infections (HAI).

According to the world health organization (WHO), in Europe, nearly 41.31 lakhs patients are infected by approximately 45.441 lakhs episodes of healthcare-associated infections every year. The increase in safety towards patients in hospitals has boosted the spending on disinfecting solutions which resulted in the growth of the disinfectant market.

In March 2019, Innovative chemical products acquired Benefect for an undisclosed amount.The acquisition is expected to strength the ICP BSG’s family.

Benefect is founded in year 2006 and leading supplier of hospital disinfectant using essential oils from plants.

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