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Antibacterial Products Market Forecast Report | Analysis, Insights, Size And Opportunities 2024 - 2033
Antibacterial Products Market Forecast
As per the report, 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 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%.
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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.
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 antibacterial products market covered in this report is segmented -
1) By Product: Body Wash, Body Moisturizer, Hand Cream and Lotion, Hand Soaps, Hand Sanitizers, Facial Cleansers, Facial Mask
2) By Form: Bar, Powder, Liquid
3) By Distribution Channel: Hypermarkets and Supermarkets, Pharmacy and Drug Stores, Specialty Stores, Online, Other Distribution Channels
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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
Contents of the report:
1. Executive Summary
2. Antibacterial Products Market Report Structure
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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