Global Preservatives and Disinfectants Market
DUBLIN, April 2, 2024 (Globe Newswire) — The Global Disinfectants and Disinfectants Market Analysis and Forecast 2024-2034 report has been added. ResearchAndMarkets.com Recruitment.
The global disinfectants and disinfectants market will experience strong expansion from a valuation of USD 32.22 billion in 2023 to USD 96.82 billion by 2034, growing by 10.52% during the forecast period 2024-2034. It is predicted to grow at a steady CAGR of . This significant increase can be attributed to a variety of factors, including increased incidence of infectious diseases, increased awareness of household cleanliness, and rising prevalence of healthcare-associated infections (HAIs).
Rapid increase in innovative product launches drives market development
The market has expanded significantly with the launch of innovative products designed for healthcare and home environments in response to the growing need for strict hygiene controls. Recent product introductions by Deepak Fertilizers And Petrochemicals Corporation and SC Johnson demonstrate that the industry is constantly innovating to provide efficient solutions for infection prevention and control.
Prominent segments showing market trends
Analysis of market segmentation reveals that quaternary ammonium compounds dominate the industry as they are widely used as disinfectants in medical settings. The medical device disinfectant sector also generates significant revenue as maintaining the sterility of medical devices is crucial. Enzyme cleaners are showing increasing application in health research and clinical settings and are expected to have the fastest growth rate in this field.
Robust sales channels to enhance market growth
While business-to-business (B2B) sales channel is the major contributor to market revenue, fast-moving consumer goods (FMCG) channel is expected to show the fastest progress within the forecast period. This suggests a diverse market, with both direct and retail channels effectively catering to different end-user needs.
Hospitals continue to maintain large market share
Among end-users, hospitals remain a key sector given the important requirement to limit the spread of infection in hospitals. The growth of healthcare facilities and the increase in surgical procedures highlight the continued demand for reliable antiseptics and disinfectants in these environments.
Geographical dynamics shaping market trajectory
From a regional perspective, North America leads the market due to comprehensive training programs for healthcare professionals, increased medical procedures, and introduction of advanced products tailored to fight HAIs. Asia-Pacific is projected to be the fastest growing region, with increasing awareness of cleanliness and proactive healthcare measures driving demand for disinfectants and disinfectants.
conclusion
The global disinfectants and disinfectants market shows promising growth prospects due to innovative product launches, expanding market segments, and dynamic sales channels. The growth of this industry is further strengthened by strong demand in medical settings and increasing consumer awareness towards hygiene, positioning the market to achieve great success in the coming years.
key attributes
|
report attributes |
detail |
|
number of pages |
200 |
|
Forecast period |
2023-2034 |
|
Estimated market value in 2023 (USD) |
$32.22 billion |
|
Projected market value to 2034 (USD) |
$96.82 billion |
|
compound annual growth rate |
10.5% |
|
Target area |
global |
Featured companies
For more information on this report, please visit https://www.researchandmarkets.com/r/20j3qg.
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