The global market for surface disinfectants was USD 2,598.3 million in 2023 and is expected to reach USD 4,786.7 million in 2030, with a growth rate of 9.3% during the projection period. This can be credited to the growing count of operations in healthcare facilities and the recent outburst of communicable diseases.
Moreover, the introduction of pioneering disinfectant products and emerging nations will offer immense opportunities for major players in the coming years.
In 2023, the alcohol category held the largest industry share. This can be credited to the high effectiveness of alcohol-based disinfectants against viruses and bacteria. Alcohol-based antiseptic is bactericidal rather than bacteriostatic against different kinds of microorganisms.
Furthermore, they are tuberculocidal and fungicidal as well. WHO suggests programs with two alcohol-based solutions, which proved to be efficient in the January 2023-published study targeting the adaption of the virus. Such considerations widely suggest support for the use of alcohol-based hand rubs by the World Health Organization as a public health preventive measure to curtail microorganism transfer.
Findings demonstrated that all the formulations inhibited the MPXV, which, hence, confirmed that both formulations can be employed in the healthcare and virus outbreak settings. Along with the continuous spread of Monkeypox infection, the WHO has raised its sensitivity and now considers this health issue, the same as COVID-19, a public health problem.
In 2023, the liquid category generated the largest revenue share, of approximately 50%. This can be credited to the extensive range of applications of fluids in the domestic and industrial industry and the cleaning of windows, tile, exterior surfaces, plastics, and glass.
Furthermore, as it has low gluiness, it can sterilize more areas in less quantity. Also, liquid surface sanitizers are utilized in huge amounts in the food & beverage sector and hospitals as they are effortlessly available in the industry.
Wipes are projected to be the fastest-rising segment during the projection period. This is due to the inexpensive rate and obtainability of a range of wipes, like alcohol-based and quaternary ammonium-based and quaternary ammonium-based. Additionally, the increasing expenditure on the making of wipes is projected to fuel the development of this category during the projection period.
In 2024, the North American region had the largest share, approximately 55%, in the surface disinfectant industry, and it is projected to advance at a CAGR of 9.4% during the projection period. This is because of the increasing occurrence of chronic illness, growing awareness of cleanliness, and rising sanctions of disinfectants for usage among the COVID-19 threat in the U.S. and Canada.
SOURCE: P&S Intelligence
