Sales of Surface Disinfectant Products Market to Cross US$ 62.8 Billion by 2033 amid Rising Demand from Healthcare Settings | Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
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Future Market Insights Global and Consulting Pvt. Ltd.
The global surface disinfectant products market has witnessed substantial growth, reaching US$ 35.4 billion in 2022 and projected to exceed US$ 37.5 billion in 2023. With a projected 5.3% CAGR from 2023 to 2033, the demand for these products is on an upward trajectory. Industries ranging from healthcare and hospitality to manufacturing and transportation are driving the demand for reliable disinfectants to ensure safe environments. Stringent regulations, heightened awareness due to recent viral outbreaks, and the need for sterile spaces in various sectors contribute to the market's growth
NEWARK, Del, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The Surface Disinfectant Products Market Size is reached US$ 35.4 billion in 2022. Demand for is estimated to surpass US$ 37.5 billion in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit a 5.3% CAGR.
Revenues are anticipated to cross around US$ 62.8 billion by the end of 2033. Surface disinfectants play a vital role in preventing the spread of infections in healthcare facilities, schools, homes, and public spaces.
Strict regulations and guidelines from health authorities have spurred innovation and compliance in the formulation and marketing of surface disinfectant products. Not only healthcare, but sectors such as hospitality, transportation, and retail also require reliable disinfectants to ensure safe environments for their customers.
International travel and trade require stringent disinfection protocols, driving the need for effective and internationally recognized surface disinfectant solutions. Recent viral outbreaks have highlighted the importance of being prepared with effective disinfection measures, driving institutional and individual demand.
The expanding healthcare sector, including hospitals, clinics, and outpatient facilities, drives the need for high-quality disinfectants to maintain sterile environments. Healthcare providers need to be prepared for potential outbreaks. Surface disinfectants become crucial tools in containing the spread of diseases during epidemics or pandemics.
Operating rooms and surgical equipment need to be thoroughly disinfected to prevent post-operative infections, making disinfectants indispensable in the healthcare setting. Nursing homes and long-term care facilities house vulnerable populations. Disinfecting surfaces is vital to protect residents from contagious illnesses.
Healthcare facilities are required to meet strict hygiene and safety standards set by health authorities. Proper use of disinfectants helps them stay compliant. Disinfecting surfaces minimize the risk of healthcare workers being exposed to infectious agents while providing care, enhancing their safety.
Patients expect a clean and safe environment when seeking medical care. Regular disinfection can boost public trust in healthcare facilities. Laboratories and research facilities require a sterile environment to prevent contamination of experiments. This makes disinfectants essential for maintaining accuracy.
Even in telemedicine consultations, equipment and spaces used for remote setups need to be disinfected to prevent potential transmission of infections. Ambulances, emergency rooms, and first responder vehicles require frequent disinfection to avoid the spread of pathogens in emergencies.
The healthcare sector needs to adapt quickly to new disease variants or emerging pathogens, leading to increased use of disinfectants to contain potential outbreaks. Patients recovering from surgeries or medical procedures are more susceptible to infections. Proper disinfection is crucial for their well-being.
Dental clinics rely heavily on disinfection to maintain a clean and sterile environment, safeguarding patients during oral procedures. Facilities that produce medications require a sterile environment to prevent contamination, driving demand for disinfectant products.
Disinfection is essential for food processing, pharmaceuticals, and manufacturing sectors to ensure product safety and regulatory compliance.
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Key Takeaways from the Report:
The global market is expected to reach a valuation of US$ 62.8 billion by the end of 2033.
Sales of surface disinfectant products are expanding at 5.3% CAGR over the forecast period.
The United Kingdom is poised to have a valuation of US$ 2.2 billion by 2033.
Japan is estimated to reach a market valuation of US$ 11.7 billion by 2033.
By product, the liquid segment is estimated to have a value CAGR of 5.1% from 2023 to 2033.
“Astonishing demand from the hospitality sector is likely to fuel demand for surface disinfectant products during the forecast period. Key companies are focusing on creating eco-friendly disinfectants that are less harmful to humans and the environment. This category of disinfectants is likely to present sizeable revenue opportunities through 2033.” - says a lead analyst at Future Market Insights (FMI)
Competitive Landscape
Key players ensuring products meet regulatory standards and guidelines, is crucial to gain trust and credibility in the market. They are tailoring disinfectant solutions for specific sectors or environments, such as healthcare, hospitality, or industrial settings, can lead to increased demand.
Key companies are working on continuous research into new disinfectant technologies and testing methodologies keeps manufacturers at the forefront of product efficacy.
Recent development:
In October 2022, to specifically meet the demands of hospitals, clinics, labs, and other medical and healthcare setups, Deepak Fertilizers and Petrochemicals Corporation (DFPCL) has introduced Cororid disinfection solutions.
In April 2020, the Savlon Surface Disinfectant Spray has been introduced by ITC's Savlon line of personal care products. Savlon claims that the spray destroys 99.99% of germs in the house, including viruses, bacteria, molds, and fungus.
North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East & Africa
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC Countries, India, China, Japan and Australia
Key Companies Profiled
3M
GOJO Industries, Inc.
Reckitt Benckiser Group PLC
BODE Chemie GmbH
Ecolab
Surface Disinfectant Products Market Outlook by Category
By Raw Material:
Synthetic
Biobased
Blends
By Product:
Liquid
Wipes
Sprays
By Distribution Channel:
B2B
B2C
Get More Valuable Insights
FMI has released an objective assessment of the global market, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.
Surface disinfectant products market by product raw material (synthetic, biobased, and blends), product (liquid, wipes, and sprays), distribution channel (B2B, and B2C) across the region from 2023 to 2033
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