Apr 10, 2020
A Multi-million Dollar Disinfectant Spray Industry to Remain in Portfolio Wishlist of Buyers, Finds Fact.MR
by Team Fact.MR
Surge in demand for disinfectant and hygiene products owing to COVID-19 epidemic is expected boost disinfectant spray sales. The market is pegged to surpass US$ 850 Mn by 2020 and is expected to grow 1.3x over the year. The global disinfectant spray market has gained momentum in the historical period owing to enhanced healthcare facilities and an increasing number of household buyers. As consumers are moving from traditional sales routes to social distancing and non-contact sales channels, the overall sales of disinfectant spray is anticipated to grow at a CAGR of over 14% during the long-term forecast period (2020-2030).
Key Takeaways of Global Disinfectant Spray Market:
- Aerosol disinfectant spray products account for over 6 out 10 sales of disinfectant sprays worldwide and are expected to create an absolute dollar opportunity of ~US$ 1,650 Mn during forecast period
- The hospitals & clinics segment holds ~40% share owing to the extensive use of disinfectant products and huge patient traffic in hospitals & clinics
- Against the prevailing scenario, retail & convenience stores and online channels are expected to grow at a CAGR of ~15% and ~18% respectively over the short-term forecast period owing to changing purchasing patterns of buyers
- The global disinfectant market is estimated to showcase a fragmented market structure and is set to provide remunerative market opportunities to the existing market actors, new entrants and key investors across the globe
“As the coronavirus threat is spreading, governments worldwide need to develop astute strategies to enable key companies to expand their production capacities for sanitizers and disinfectant products.” Says Analyst at Fact.MR
Asian Countries to become Hubs of Profitable Growth
Legacy regions such as North America and Europe hold ~3/5th of the overall sales in global disinfectant spray market. Increasing emphasis on a better healthcare environment and product reach across emerging Asian countries has pushed market actors to adopt china plus one strategy and expand their business footprint outside of North America and Europe.
Moreover, regulations for a hygienic environment across end use industries has created a huge momentum for leading market players to increase their customer base. In turn, key manufacturers are on the path to find low cost raw materials while maintaining their quality and production throughput. This is being done to provide products at an affordable price in order to gain a higher profitability margin.
Find More Valuable Insights on Disinfectant Spray Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global disinfectant spray market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the disinfectant spray market on the basis of formulations (sodium hypochlorite, phenols, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, biguanides, amphoterics, and aldehydes), delivery system (aerosol and non-aerosol), pack size (up to 200 ml, 201 ml – 400 ml, 401 ml -600 ml, and more than 600 ml), application (hospitals & clinics, offices/commercial, schools & universities, manufacturing & industrial, households and other applications), and sales channel (direct sales, hypermarkets/supermarket, retail & convenience stores, pharmacies & drug stores, online sales, wholesaler & distributors, and other sales channels) across six major regions.
>>> To Get more insights on disinfectant spray market, visit- https://www.factmr.com/report/4704/disinfectant-spray-market
About the Retail and Consumer Goods Division at Fact.MR
Retail and consumer goods analysts at Fact.MR meticulously track broader sub-industries to keep clients abreast with recent developments in the market. Our practical approach to product design and pricing strategy provides vital inputs to businesses that are struggling to hit the ‘move-the-needle’ bottom line. The team at Fact.MR helps organizations design product differentiation strategies and introduce exclusive product(s) to their existing portfolio along with historical, current and future market size. For more retail domain insights, visit here.