Disinfectant Spray Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Apr-2020 | List of Tables : 70 | List of Figures : 184 | No. of Pages : 170 | Report Code : FACT4704MR |

 Disinfectant Spray Sales Set to Soar on Back of COVID-19 Pandemic

The global disinfectant spray market has witnessed a healthy growth of ~10.5% over the historical period and overall sales were pegged at more than 113 Mn Units in 2019. The COVID-19 pandemic has spread in 160 countries and is likely to impact several economies through supply disruptions. Moreover, lockdowns across several countries are heightening the overall demand and sales of disinfectant spray due to panic purchasing by consumers.

In turn, key manufacturers of disinfectant spray have also increased the production capacity of their plants. Therefore, sales of disinfectant spray products across the globe are anticipated to witness an exponential increment of over 200% in 2020. Furthermore, in the optimistic scenario, the global demand for disinfectant spray is anticipated to showcase a v-shaped curve in coming years after the end of this pandemic.

Increased Per Capita Spending for Better Healthcare is set to Proliferate Sales

The global disinfectant spray market is expected to witness a massive spike from hospitals and household buyers owing to investments for better healthcare. As number of patients are increasing with positive cases of coronavirus, the demand for hygiene and disinfectant products are estimated to gain momentum. Also, per capita expenditure of healthcare has always played a vital role in countering novel diseases.

Among regions, consumers from North America, Europe and Asia Pacific spends more than double on disinfectant sprays as compared to other regions such as Latin America and Middle East & Africa. In terms of value share, North America holds the leading market share of over 30% in the global disinfectant spray market in 2019 and is expected to witness healthy growth on back of soaring infection rates. Other regions such as East Asia and South Asia & Oceania are anticipated to gain a combined BPS of ~230 in 2020 over 2019 as consumers are inclining towards maintaining a hygienic environment.

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Online Channels are set to Gain Momentum in Global Disinfectant Spray Market

Direct sales segment accounted for market share of over 2/5th of sales in global disinfectant spray market in 2019 due to usage of disinfectant products across hospitals & clinics. However social distancing is expected to amplify the overall sales from retail & convenience stores and online sales channels. Retail and small grocery stores are helping in meeting the booming demand and dealing with long-term supply challenges. Therefore, it has pushed manufacturers to increasing their online presence and collaboration with domestic suppliers to maximise their consumer base and reduce the supply-demand gap of disinfectant spray products. The retail & convenience stores and online sales channel are expected to grow 1.5x times by 2020 over 2019. Moreover, these segments are expected to grow at CAGR of more than 17% over the short-term forecast period (2020-2025).

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Low Entry Barriers in COVID-19 Epidemic to Create Plethora of Market Opportunities

The global market for disinfectant spray has several global and local market players. Owing to the spread of COVID-19, the disinfectant spray business is witnessing entry of several new domestic and small players due to low entry barriers. Key market players such as Procter and Gamble Company, 3M Company, Reclitt Benckiser Group Plc, Henkel Corporation, Unilever and other prominent companies are emphasizing more on new product launches. Also, companies are focusing more on continuous collaboration strategies to maintain market share and hold their consumer base after the recovery from the pandemic.

Global Disinfectant Spray Market – Scope of the Report

The following report provides forecast and analysis of the global disinfectant spray market along with the historical data of 2015, estimated data 2020 and forecast data up to 2030 in terms of value (US$ Mn) and volume (‘000 units), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global disinfectant spray market along with several macro-economic indicators. This newly published and insightful report on disinfectant spray sheds light on key dynamics, and their impact on the overall value chain from manufacturers to suppliers to end-users, which are expected to transform the future of the global disinfectant spray market.

The report also comprises the study of current issues with end users and opportunities for disinfectant spray. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of disinfectant spray manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the disinfectant spray market provided in the report adds to the credibility of this exhaustive research study.

Global Disinfectant Spray Market: In-Depth Assessment on Key Segments

The global disinfectant spray market is segmented on the basis of formulation, delivery system, pack size, application, sales channel, and region.

Formulation

Delivery System

Pack Size

Application

Sales Channel

Region

Sodium Hypochlorite

Aerosol

Up to 200 ml

Hospitals & Clinics

Direct Sales

North America

Phenols

Non-aerosol

201 ml - 400 ml

Offices/Commercial

Hypermarkets/Supermarkets

Latin America

Quaternary Ammonium Compounds

 

401 ml - 600 ml

Schools & Universities

Retail & Convenience Stores

Europe

Hydrogen Peroxide

 

More than 600 ml

Manufacturing & Industrial

Pharmacies & Drug Stores

East Asia

Peracetic Acid

 

 

Households

Online Sales

South Asia & Oceania

Biguanides

 

 

Other Applications

Wholesaler & Distributors

Middle East & Africa

Amphoterics

 

 

 

Other Sales Channels

 

Aldehydes

 

 

 

 

 

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

Country-specific assessment on demand for disinfectant spray has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous disinfectant spray manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use applications. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global disinfectant spray market. Some of the major competitors operating in the disinfectant spray market are Procter and Gamble Company, 3M Company, Reckitt Benckiser Group Plc, Henkel Corporation, Unilever, Johnson & Johnson Services, Inc., Henry Schein, Inc., Kimberly-Clark Corporation, Pure Bioscience, Inc., Steris Plc, DuPont and others.

Global Disinfectant Spray Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the disinfectant spray market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the disinfectant spray market, which includes global GDP growth rate, impact of COVID-19, surface disinfectant industry growth rate, e-commerce sales growth, number of household buyers and per capita spending on healthcare, etc. This report serves as an authentic resource of intelligence on the disinfectant spray market, enabling the readers to take fact-based decisions on the future direction of their businesses

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Disinfectant Spray Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030