by The disinfectants market includes products such as disinfectant sprays, disinfectant wipes, disinfectant liquids used in commercial, domestic and industrial applications. Disinfectant products are widely used for preventing infectious diseases by destroying or inhibiting the growth of harmful microorganisms on inanimate surfaces through the process of disinfection. The demand for disinfectants is increasing owing to rising awareness regarding hygiene and cleanliness across the world. The global outbreak of COVID-19 pandemic has also increased demand for disinfectant products for surface and hand hygiene.
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.
The key opportunities in the disinfectants market include development of green disinfectants with natural ingredients and multi-surface disinfectants. The manufacturers are focusing on product innovation and development to cater to unmet needs.
Globally, the awareness regarding hygiene and communicable diseases has been increasing especially after the recent COVID pandemic. The manufacturers of disinfectants are expanding their presence across developing regions to tap the growing demand. North America and Europe are expected to continue their dominance in the market.
Market drivers
One of the key drivers for disinfectants market is increasing hygiene awareness among consumers. There is rising focus on prevention of spread of infectious diseases through proper sanitation and use of disinfectants. Various campaigns by governments and healthcare organizations to promote handwashing and surface disinfection are fueling the sales of disinfectants. The COVID-19 pandemic has further accelerated this driver as regular disinfection of surfaces has become the new normal to curb spread of the virus.
PEST Analysis
- Political: Regulations regarding the use of certain chemicals in disinfectants products might impact the demand and supply of products in certain regions. Stringent norms related to product approvals can also affect time to market for new product launches.
- Economic: Changes in the economic conditions of key markets can influence disposable incomes and expenditures on hygiene and cleaning products. Moreover, a slowdown in the economy can decrease the demand from commercial end-users like hospitals and food processing industry.
- Social: Growing awareness about health, hygiene, and sanitization is increasing the adoption of disinfectants in both residential and commercial sectors. Changing lifestyles and needs of working professionals are propelling the demand.
- Technological: Advancements in packaging, formulations and delivery systems are expanding the applications of disinfectant products. Innovation in ingredient development is also supporting new product launches catering to diverse demand.
The geographical regions where the disinfectants market in terms of value is concentrated currently include North America, Europe, and Asia Pacific. North America alone contributes over 30% to the global market value due to high per capita spending and strict regulations regarding hygiene and sanitization. Europe is also a major regional market driven by widespread awareness.
The fastest growing regional market for disinfectants is expected to be Asia Pacific over the forecast period. Factors such as rising disposable incomes, growing populations, rapid urbanization and industrialization are driving increased demand for hygiene and cleaning products from both residential and commercial sectors. Various governments’ initiatives to promote sanitation are also propelling market growth in Asia Pacific. Countries like China, India are anticipated to offer lucrative opportunities for disinfectants manufacturers.
