The disinfectants market comprises various chemical based products used to kill or inhibit the growth of various microorganisms such as viruses, bacteria, molds, and fungi. Disinfectants products are available in various forms including liquids, sprays, and wipes. Some key types of disinfectants include chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, and peracetic acid. Disinfectants are widely used across healthcare facilities, households, food and beverage industry, and other commercial settings to prevent the spread of infectious diseases. The Global Disinfectants Market is estimated to be valued at US$ 49.0 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the disinfectants market are Solvay S.A., Unilever Group, Evonik Industries AG, 3M Company, Procter & Gamble Corporation, dowdupont Inc., Lanxess AG, BASF S.E., The Clorox Company, and Reckitt Benckiser Plc. Growing awareness regarding health and hygiene along with rising prevalence of hospital acquired infections is propelling the demand for various disinfectant products. Major players are investing in research & development to develop innovative product formulations with better efficacy and new active ingredients having broader disinfection spectrum.
The rising incidence of infectious diseases across the world coupled with increasing healthcare spending is a key factor augmenting the growth of the global disinfectants market. According to the Center for Disease Control and Prevention (CDC), over 700,000 people die annually due to drug-resistant infections worldwide. Furthermore, growing food safety concerns is another major factor boosting demand for various disinfectants in the food industry.
Advanced technologies and formulations are helping disinfectants to become more effective. For instance, self-disinfecting surfaces that destroy bacteria and prevent disease transmission. UV disinfection technology is also gaining popularity due to its effectiveness in disinfecting air and surfaces. Smart disinfecting robots using UV light are being developed for hospitals to automate disinfection of rooms and operate hands free.
Market Trends
Growing preference for eco-friendly disinfectants - With increasing emphasis on sustainability, manufacturers are focusing on developing bio-based and plant-derived disinfectants using essential oils and botanical extracts.
Innovation in product forms - New delivery forms such as disinfecting wipes and sprays are gaining traction over conventional liquids due to ease of application. Trigger spray bottles and portable spray cans offer improved portability and usability.
Market Opportunities
Rising cleaning requirements in food industry due to COVID-19 - The pandemic has increased awareness about hygiene and cleaning in the food industry. This is expected to boost demand for various surface disinfectants.
Increasing healthcare expenditure in emerging economies - Emerging nations in Latin America, Asia Pacific and Africa are witnessing increased government investments in healthcare infrastructure which will drive market growth.
Impact of COVID-19 on Disinfectants Market Growth
The COVID-19 pandemic has significantly impacted the growth of the disinfectants market. Due to the increased risk of virus transmission, there was a surge in demand for disinfectants from both commercial and residential sectors globally. However, during the initial months of the pandemic in 2020, the supply of disinfectants could not match the exponential rise in demand causing shortages. Manufacturers faced constraints due to disruptions in supply chains and workforce availability due to lockdowns. However, with time, companies scaled up their production capacities and streamlined their operations. The industry registered exponential growth rates during the pandemic as usage of disinfectants became an essential part of daily life to curb virus spread. Even post pandemic, the awareness regarding importance of hygiene and sanitization is expected to sustain thehigh growth momentum of the market. Though supply chain challenges remain, manufacturers are better prepared today to cater rising demands.
Geographical Regions with Highest Disinfectants Market Value
North America region accounts for the largest share of the global disinfectants market in terms of value. This is attributed to factors such rising health conciousness, stringent regulations regarding hygiene and several outbreaks of diseases in the region. The United States represents the major market within North America due to high disposable incomes and commercial sector spending on sanitization. Europe is the second largest regional market driven by growing awareness about preventing infections and focus on health and well-being. Asia Pacific region is anticipated to be the fastest growing market for disinfectants owing to improving standards of living, increasing health expenditures and rising medical tourism in countries such as India and China.
Fastest Growing Region in Disinfectants Market
Asia Pacific region represents the fastest growing regional market for disinfectants globally. This upward momentum is expected to further accelerate post pandemic. Major factors fueling growth include rising health awareness, increasing healthcare infrastructure development, growing microbiology research and burgeoning middle class population in key Asian countries. China and India are anticipated to be at the forefront of the Asia Pacific disinfectants market growth. With improving lifestyles, people in Asia Pacific are increasingly willing to spend on health and hygiene products. Expanding pharmaceutical production and booming tourism industry are also driving higher consumption of disinfectants. Rapid economic development, rising disposable incomes and efforts by governments to curb spread of infectious diseases will continue propelling Asia Pacific market for disinfectants.
