Bleach Wipes Sales to Soar amid Covid-19 Outbreak, Market to Witness 30% Year-on-Year Growth in 2020 Over 2019
On the back of COVID-19 outbreak, bleach wipes have witnessed heightened demandduring the initial months of 2020. With no reduction in COVID-19 cases, the demand is further expected to soar. The first two quarters are expected to witness a slight uptick in demand, whereas the demand in latter two quarters is likely to witness a steady rise.
Recommendation for disinfectant products including bleach wipes by multiple regulatory bodies has supplemented sales in the past months. With 30% anticipated growth under likely conditions, global bleach wipes market is projected to grow by 1.3X between 2019 and 2020.
North America to Capture Large Chunk of Demand Pie
Within the bleach wipes market, North America accounts for nearly one third of the market share, and is expected to show significant growth over the forecast period. The regional demand growth for bleach wipes can be attributed to higher than average spending of consumers on cleaning and healthcare products.
As of date, North America has shown highest cases for COVID-19 which are rising at a significant pace as compared to other regions. The presence of multiple market leaders in the region is expected to decrease the gap within demand and supply for bleach wipes.
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Uptick in Clinical Usage to Augment Demand for Bleach Wipes
While usage of bleach wipes in clinical applications has been steady over recent years, the demand has shown significant increase owing to increasing need for disinfectant products.
Clinical usage of bleach wipes has shown significant increase in 2020 owing to the COVID-19 pandemic and is expected to remain stable over short term forecast. Clinical usage of bleach wipes is expected to register highest growth in terms of usage and present absolute opportunity of nearly US$ 100 Mn during the forecast period.
Direct Sales to Remain Preferred Sales Channel
Government procurement of hygiene commodities has up scaled significantly with the Covid-19 outbreak. Besides, significant demand has been witnessed from private hospitals and clinics. This has led to the channel accounting for over 60% of the sales value. Revenue growth through this channel is also expected to be the fastest during the forecast period.
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Bleach Wipes Market to Remain Consolidated, Despite Entry of New Small Scale Players
Bleach wipes market is consolidated with top players accounting for nearly 60% of the global revenue. The market is expected to remain consolidated, although several new players are entering the market.
The existing players like The Clorox Company, Medline, Metrex Research LLC and Essendant Receivables LLC have been working to address the booming demand for bleach wipes. Owing to these efforts of the existing players to fulfill the demand and new players entering the market, bleach wipes market is expected to observe noticeable growth during the forecast period.
Impact of Covid-19 on Global Bleach Wipes Market
Bleach wipes market is expected to witness a robust growth, especially in the first and second quarter of 2020, whereas in the third and fourth quarters, the demand is expected to reach a moderate level. However, under optimistic market conditions, the rise in demand will continue throughout the year, owing to fears of shortages. This will also significantly increase the production volume by small and large scale companies.
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Bleach Wipes Market: Segmentation
FactMR’s study has done the segmentation of bleach wipes market on the basis of fragrance, usage, sales channel and region.
- Clinical usage
- Commercial Usage
- Residential Usage
- Direct Sales
- Retail Sales
- Modern Trade
- Online Retail
- Medical Stores
- North America
- Latin America
- East Asia
- South Asia
Bleach 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 bleach wipes market.
This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of bleach wipes market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of bleach wipes.
Bleach 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 bleach wipes market. The report primarily conveys a summary of the bleach wipes market, considering present and upcoming toppings and fillings industry scenarios, to reveal striking sides relating to the acceptance of bleach wipes across prominent regional markets.
A detailed assessment on few of bleach wipes raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from bleach 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 bleach wipes market provided in the report enhances the reliability of this ample research study.
Bleach Wipes Market: Report Summary and Scope
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in bleach wipes market across the globe.
A comprehensive estimate on bleach 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 bleach 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.
Bleach wipes Market: Analysis on Market Size Evaluation
Predictions of bleach 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 bleach wipes are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent bleach wipes market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on bleach wipes products where bleach wipes witness a steady demand.
Bleach Wipes Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on bleach 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 bleach wipes market during period of forecast.
Country-specific valuation on demand for bleach 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.
Bleach Wipes Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competitive scenario of bleach 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 bleach 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 Bleach Wipes Market
The report includes a scenario-based assessment of the impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under the optimistic, probabilistic and pessimistic scenarios. 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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