Sales of Disinfectant Spray Market to Grow at a CAGR of 14% Through 2030
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As consumers are moving from traditional sales routes to social distancing and non-contact sales channels, the overall sales of disinfectant spray is anticipated to grow at a CAGR of over 14% during the long-term forecast period (2020-2030).
Key Takeaways of Global Disinfectant Spray Market:
• Aerosol disinfectant spray products account for over 6 out 10 sales of disinfectant sprays worldwide and are expected to create an absolute dollar opportunity of ~US$ 1,650 Mn during forecast period
• The hospitals & clinics segment holds ~40% share owing to the extensive use of disinfectant products and huge patient traffic in hospitals & clinics
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• Against the prevailing scenario, retail & convenience stores and online channels are expected to grow at a CAGR of ~15% and ~18% respectively over the short-term forecast period owing to changing purchasing patterns of buyers
• The global disinfectant market is estimated to showcase a fragmented market structure and is set to provide remunerative market opportunities to the existing market actors, new entrants and key investors across the globe
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.
• Sodium Hypochlorite
• Quaternary Ammonium Compounds
• Hydrogen Peroxide
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• Delivery System
• Up to 200 ml
• 201 ml - 400 ml
• 401 ml - 600 ml
• More than 600 ml
Asian Countries to become Hubs of Profitable Growth
Legacy regions such as North America and Europe hold ~3/5th of the overall sales in global disinfectant spray market. Increasing emphasis on a better healthcare environment and product reach across emerging Asian countries has pushed market actors to adopt china plus one strategy and expand their business footprint outside of North America and Europe.
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Moreover, regulations for a hygienic environment across end use industries has created a huge momentum for leading market players to increase their customer base. In turn, key manufacturers are on the path to find low cost raw materials while maintaining their quality and production throughput. This is being done to provide products at an affordable price in order to gain a higher profitability margin.
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