While the COVID-19 pandemic has been detrimental to multiple industries, there has been significant increase in demand for disinfectant products like bleach wipes. The increase in demand can be attributed to residential demand as well as commercial and clinical usage. While bleach wipes’ manufacturers have been trying to meet the increase in demand, multiple companies have witnessed a dip in inventories.
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The market is expected to show a significant spurt, evaluated as 30% year-on-year growth in 2020 over 2019.
Key Takeaways of Bleach WipesMarket
- North America accounts for nearly one third share in the bleach wipes market, and the regional demand is expected to show significant increase during the forecast period.
- Surge in demand from direct sales is anticipated owing to the COVID-19 pandemic, with clinical and commercial usage portraying significant increase during forecast.
- Clinical usage of bleach wipes is expected to grow 1.3X during 2020 over 2019, and overall growth during the forecast is expected to be 1.5X.
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- In terms of fragrance, scented bleach wipes are expected to show higher growth over standard bleach wipes and projected grow by 1.5X between 2020 and 2030.
- Bleach wipes market has shown positive growth during the COVID-19 pandemic and is expected to be fastest growing product type among disinfectant wipes.
“Bleach wipes market is expected to show significant growth due to the COVID-19 pandemic. Investments to increase clinical contracts for disinfectant products like bleach wipes are expected to be highly lucrative”, says Fact.MR analyst
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Enhanced Production by Manufacturers to Give Traction to Bleach Wipes Market
Bleach wipes market has shown significant growth during the COVID-19 pandemic. With significant increase in growth, a rift between supply and demand has been created. Multiple companies like The Clorox Company have been dipping into its inventories to fulfill the increasing demand. This increased demand is also expected to put pressureonoptimizing production capacity within a shortturnaround time.
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New product launches by companies like Medline are expected to farewell owing to this increase in demand. In 2019, Medline launched new micro-kill bleach germicidal bleach wipes in the market, which are designed to clean hospital surfaces.
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