Heightened consumer awareness regarding disinfection and sanitization, coupled with multiple government initiatives targeting the same, is fueling demand for disinfectant sprays in the wake of the COVID-19 outbreak. A new study of Fact.MR explores how the growth of disinfectant spray will unfold during and after the medical pandemic emergency.
The report projects that global disinfectant spray market will grow at a stupendous CAGR of approximately 14% during the forecast period (2020-2030). Social distancing protocols are creating opportunities for non-contact sales channels active in the disinfectant spray market, says the report.
“Notable players are emphasizing the sourcing of cost-competitive raw materials and at the same time, maintaining their production throughput and quality,” finds the report.
Hospitals and clinics generate approximately 40% of total demand due to huge patient traffic. Online sales channel will witness a double-digit CAGR through the course of projection period. Aerosol disinfectant sprays remain highly favored among consumers. North America continues to lead the global market, accounting for 30% share in the overall market stack.
Escalating consumer preference for online purchasing is shaping the global disinfectant spray market. Rising per capita expenditure of a sizable consumer population encourages adoption of products such as disinfectant sprays. Greater investment on public healthcare by governments in North America and Europe will bode well for market growth in both regions through 2030. Soaring rate of prevalence of acquired infections, specifically in developed countries, is strengthening the growth of disinfectant spray market.
Environmental hazards associated with the disposal of disinfectant sprays will restrain market growth over the forecast period. Some disinfectant sprays can be toxic to humans, which remains a major factor limiting the growth of market.
Anticipated Impact of COVID-19 on Disinfectant Spray Market
Due to the ongoing COVID-19 pandemic, several new domestic players are entering the disinfectant spray business. This emerging trend is attributed to low entry barriers required for new companies to start their disinfectant spray business. Even though many industries are bearing the brunt of COVID-19, the disinfectant spray industry is exhibiting an upheaval in demand from variegated end-use areas such as households and hospitals. Under current circumstances, continuous collaborations among regional and global players are vital for meeting the sudden surge in demand. Furthermore, new product launches by top manufacturers will define the market through Q2 2020.
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The global disinfectant spray market is fairly fragmented in nature which is characterized by the presence of several regional and global players. Some of the leading manufacturers in the global disinfectant spray market that are featured in this Fact.MR report include, but are not limited to, Henkel Corporation, Reckitt Benckiser Group Plc, Johnson & Johnson, DuPont, The Procter and Gamble Company, Kimberly-Clark Corporation, Pure Bioscience Inc., 3M Company, Unilever, Henry Schein Inc., and Steria Plc. Maintaining brand loyalty and product sustainability are two primary focus areas of key players in the disinfectant spray market. Moreover, leading manufacturers are working on product affordability in order to enhance their profit margin considerably.
About the Report
This 170-page study offers in-depth commentary on the disinfectant spray market. The study provides compelling insights on the disinfectant spray market on the basis of formulation (sodium hypochlorite, phenols, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, biguanides, amphoterics, and aldehydes), delivery system (aerosol, non-aerosol), pack size (up to 200 ml, 201 ml to 400 ml, 401 ml to 600 ml, more than 600 ml), application (hospitals & clinics, offices/commercial, schools & universities, manufacturing & industrial, households), sales channel (direct sales, hypermarkets/supermarkets, retail & convenience stores, pharmacies & drug stores, online sales, wholesaler & distributors) across six regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa).
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Retail & Consumer Goods sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR’s latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amid breakneck competition.