Antibacterial Products Market Outlook 2024: Exclusive Report By The Business Research Company

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2095

The Business Research Company offers in-depth market insights through Antibacterial Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The antibacterial products market size has grown strongly in recent years. It will grow from $42.45 billion in 2023 to $44.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased awareness of hygiene, improvements in healthcare infrastructure, regulatory support, changing consumer behavior and preferences, increased travel.

The antibacterial products market size is expected to see strong growth in the next few years. It will grow to $56.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising infectious diseases, rising demand for personal care products, aging population, rise in e-commerce and online sales, emerging markets. Major trends in the forecast period include use of nanotechnology, natural and organic products, antibacterial fabrics, ai and machine learning, collaborative research and development.

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Market Segmentation:
The main types of antibacterial products are body wash, body moisturizer, hand cream and lotion, hand soaps, hand sanitizers, facial cleansers, and facial masks. Body wash antibacterial products refer to a cleansing product designed to kill germs on the surface of the hands or body. These soaps are made in either liquid form or bar form by combining blending detergents or detergent additives with ingredients that have antimicrobial properties. The various forms include bars, powder, and liquid, which are available on numerous distribution channels including hypermarkets and supermarkets, pharmacy and drug stores, specialty stores, online, and others.

Major Driver - Rising Demand For Germ Protection Products Propels Growth Of Antibacterial Products Market
The increasing demand for germ protection products is expected to propel the growth of the antibacterial products market going forward. Germ protection goods refer to goods that generally contain active substances that help to minimize and prevent bacterial infections, such as triclosan hand sanitizers, disinfectants, and other bacterial resistance medications. These germ protection products come under the category of antibacterial products, which help in controlling skin infections. For instance, according to the press information bureau, an India-based government agency, due to the COVID pandemic, in India, 50,000 Liters of hand sanitizers and disinfectants were produced in the laboratories of CSIR (Council of Scientific and Industrial Research) and distributed to more than 1,00,000 people belonging to various sections of society. In addition, hand sanitizer sales in Italy increased by 1,807%, while sales in the United States increased by 1,400%. Therefore, the rising demand for germ-protection products is driving the growth of the antibacterial products market.

Competitive Landscape:
Major companies operating in the antibacterial products market include Reckitt Benckiser Group PLC, Unilever plc, Gojo Industries Inc., Himalaya Drug Company Pvt Ltd, Sebapharma GmbH & Co. KG, Bielenda Pioneered, Colgate-Palmolive Co., Henkel Corporation, Johnson & Johnson, Farouk Systems Inc., Rockline Industries, Tufco LP, Guardpack, Nice-Pak Products Inc, Usp Life Sciences, Betco Corporation, Carroll Company, Xttrium Laboratories, Kutol Products Company, Whiteley Corporation, CarrollCLEAN, Elyptol, Deb Group Ltd., Eka Chemicals AB, Christeyns, Saraya Co. Ltd., Ruhof Corporation, Microban International, Decon Labs, Metrex Research

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Top Trend - Itc Launches Savlon Moisturizing Sanitizer With Five Moisturizing Ingredients
New product innovations have emerged as the key trend gaining popularity in the antibacterial products market. Major companies operating in the antibacterial products sector are focused on introducing new products to sustain their position in the market. For instance, in March 2021, ITC, an India-based manufacturer of fast-moving consumer goods (FMCG) and sanitary products, launched Savlon moisturizing sanitizer, which contains a unique formulation of five moisturizing ingredients. This product is non-drying and non-sticky. This product helps to kill 99.9% of germs without using soap or water. Using five types of moisturizers helps to keep the skin dry, gentle, and smooth. This was the first sanitizer that contained moisturizers in it.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Antibacterial Products Market Characteristics
3. Antibacterial Products Market Trends And Strategies
4. Antibacterial Products Market - Macro Economic Scenario
5. Antibacterial Products Market Size And Growth
…..
27. Antibacterial Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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