Demand for Disinfecting Wipes to Soar on Back of Decontamination of Hospital Equipment
Coronavirus-affected cases are increasing exponentially across the globe due to which hospitals are getting flooded with coronavirus-afflicted patients. This has led to an imminent risk of spread of the virus within hospital facilities as novel coronavirus can transmit via a metal surface which has been contaminated.
This necessitates disinfection of surroundings and equipment used in the hospital. Further, governments have also introduced guidelines regarding the schedule and method of disinfecting public hospitals. As a result demand for disinfecting wipes for hospital equipment has increased exponentially.
North America to Witness Skyrocketing Sales of Disinfecting Wipes
North America accounts for nearly one-third of the market share and is expected to show significant growth over the forecast period. This growth in demand for disinfecting wipes in North America can be attributed to soaring infection rates and higher than average spending on disinfectants.
Presently, North America is leading with the highest number of cases for COVID-19 and the number is likely to escalate. The presence of multiple market leaders in the region is expected to decrease the gap within demand and supply for disinfecting wipes. Demand in North America is expected to grow 1.2X in 2020 over 2019.
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Disposable Disinfecting Wipes to Garner significant Traction
With high demand for quick and convenient cleaning options, disposable disinfecting wipes have been gaining traction. Increase in frequency of usage has further accelerated demand for disposable disinfecting wipes. Disposable disinfecting wipes are expected to show growth of 1.7X during 2020 to 2030.
Disinfecting Wipes Market to Remain Consolidated, despite Emerging Domestic Players
Disinfecting wipes market is consolidated with top players accounting for nearly 40% of the sales revenue. The market is expected to remain consolidated, even with new players entering the market. The existing players like The Clorox Company, Johnson & Johnson, and Kimberly-Clark Corporation have been expanding their manufacturing capacities in the recent past. Owing to these efforts by existing players to increase production, disinfecting wipes market is expected to observe notable growth during the forecast period.
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Impact of Covid-19 on Global Disinfecting Wipes Market
Covid-19 pandemic has adversely impacted the global retail and consumer goods industry where national and regional lockdowns have disrupted both production and supply chain. It is possible that the effect on retail and consumer goods firms will be complex, affecting both demand and supply.
Unlike other sectors, a change in consumer habits have led to increased demand for several categories of goods as well as shifting brand preferences. At the same time, manufacturers are determining how best to tackle possible disruptions in the supply chain and capacity constraints that may prevent them from meeting evolving customer needs.
Disinfecting wipes market in particular has also faced the extreme impact from the Covid-19 crisis as demand was observed to increase in January and February compared to demand in 2019 during those months. The increasing demand of disinfecting wipes in 2020 can be understood under three scenarios: positive, pessimistic and probabilistic.
Under the optimistic scenario, the global disinfecting wipes market is expected to increase in the first quarter of 2020 under Covid-19's strong impact, and demand may grow from the second quarter. On the other hand, under the probabilistic scenario, the market is expected to grow under strong crisis control until the second quarter, and boost sales of disinfecting wipes. Although the impact of the crisis may increase the demand for bleach wipes in first two quarters in the pessimistic scenario, the market will begin to show a decline by the first quarter of 2021.
Disinfecting Wipes Market: Segmentation
FactMR’s study has done the segmentation of disinfecting wipes market on the basis of product, Use Case, Application, Structure & Material across the six regions.
By Use Case
- Industrial Wipes
- Food Services
- Consumer Wipes
- Baby Care Wipes
- Personal Care Wipes
- Household or Homecare Wipes
- Wood Pulp
- Fluff Pulp
- Specialty Paper Pulp
- Polypropylene Polymer
- Other Raw Materials
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Disinfecting Wipes Market - Scope Of The Report
Disinfecting wipes market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of disinfecting wipes market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of disinfecting wipes market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of disinfecting wipes.
Disinfecting wipes market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of disinfecting wipes market. The report primarily conveys a summary of the disinfecting wipes market, considering present and upcoming toppings and fillings industry scenarios, to reveal striking sides relating to the acceptance of disinfecting wipes across prominent regional markets.
A detailed assessment on few of disinfecting wipes raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from disinfecting wipes supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in disinfecting wipes market provided in the report enhances reliability of this ample research study.
Disinfecting Wipes Market: Report Summary and Scope
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in disinfecting wipes market across the globe.
A comprehensive estimate on disinfecting wipes market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of disinfecting wipes during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Disinfecting Wipes Market: Analysis on Market Size Evaluation
Predictions of disinfecting wipes market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for disinfecting wipes are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent disinfecting wipes market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on disinfecting wipes products where disinfecting wipes witness a steady demand.
Disinfecting Wipes Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on disinfecting wipes market, which delivers projection on the regional markets. These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of disinfecting wipes market during period of forecast.
Country-specific valuation on demand for disinfecting wipes has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Disinfecting Wipes Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of disinfecting wipes market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of disinfecting wipes, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Impact of Covid-19 on Disinfecting Wipes Market
The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis and SARS pandemic.
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