July 18, 2024
surface disinfectant market

Surface Disinfectant Market Is Estimated To Witness High Growth Owing To Increasing Awareness About Hygiene and Sanitation

The global surface disinfectant market is estimated to be valued at US$ 6805.484 million in 2022 and is expected to exhibit a CAGR of 7.96% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Surface disinfectants are chemical agents used to eliminate pathogens from surfaces and prevent the spread of infections. They are essential for maintaining cleanliness and hygiene in various settings such as hospitals, households, food processing industries, and public spaces. The advantages of surface disinfectants include reducing the risk of infections, preventing the transmission of diseases, and maintaining a safe and healthy environment. The growing concerns about hygiene and sanitation, especially in light of the COVID-19 pandemic, have significantly increased the demand for surface disinfectants globally.

Market Key Trends:

One of the key trends in the surface disinfectant market is the increasing use of eco-friendly and sustainable disinfectant products. With growing environmental consciousness and regulations on harmful chemicals, consumers are demanding disinfectants that are both effective and safe for the environment. Manufacturers are developing innovative disinfectant solutions that use natural ingredients or have reduced environmental impacts. Additionally, there is a rising demand for disinfectants with longer-lasting effects and wider spectrum coverage. Continuous advancements in technology and research are driving the development of new disinfectant formulations that offer enhanced efficacy against a broader range of pathogens. These trends are expected to shape the surface disinfectant market in the coming years.

PEST Analysis:

Political: The political factors influencing the surface disinfectant market include government regulations and policies related to healthcare and hygiene. Government initiatives and guidelines promoting cleanliness and sanitation in public places and healthcare facilities can drive the demand for surface disinfectants.

Economic: The economic factors impacting the market include the overall economic growth of the regions, disposable income of consumers, and healthcare expenditure. A growing economy and an increase in healthcare spending can contribute to the growth of the surface disinfectant market.

Social: The social factors influencing the market include changing consumer preferences and increasing awareness regarding the importance of cleanliness and hygiene. The ongoing COVID-19 pandemic has further highlighted the need for effective surface disinfection practices, leading to a surge in demand.

Technological: The technological factors impacting the market include advancements in disinfectant formulations and delivery systems. Innovations such as touchless disinfection methods and the development of eco-friendly and sustainable disinfectants can drive the market growth.

Key Takeaways:

The Global Surface Disinfectant Market Demand is expected to witness high growth, exhibiting a CAGR of 7.96% over the forecast period (2023-2030). This growth can be attributed to increasing awareness about hygiene and cleanliness, especially in healthcare settings and public places, in response to the COVID-19 pandemic.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the surface disinfectant market. The region has well-established healthcare facilities and stringent regulations regarding hygiene, which drive the demand for surface disinfectants.

Key players operating in the surface disinfectant market include 3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Whiteley Corporation, and Steris PLC. These companies are actively involved in product development, strategic partnerships, and acquisitions to strengthen their market presence and cater to the growing demand for surface disinfectants.

 

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it