INDUSTRIAL AND INSTITUTIONAL DISINFECTANTS AND SANITIZERS INDUSTRY INSIGHTS
Industrial and institutional disinfectants and sanitizers market size to reach revenues of USD 8.85 billion by 2026, growing at a CAGR of 10.21% during the forecast period. With the expansion of healthcare facilities and expenditure, disinfectant products are expected to increase demand. The institutional & industrial sanitizers & disinfectants market is likely to witness rapid growth in the coming years. The rising awareness for personal hygiene and increasing focus to save the work environment in various geographies has propelled the demand for hygiene solutions, including sanitizers and disinfectants worldwide.
The globalization of healthcare has led to the advent of medical tourism in the APAC and MEA region. The vendors emphasize the development of eco-friendly disinfectants based on natural resources to reduce the pollution risks and health hazards of synthetic disinfectants. The growth in the respective market is fueled by public healthcare reforms and the rapidly expanding private sector coupled with medical tourism. In today’s scenario, various new technologies are being introduced and tested to replace the current disinfection methods, thereby fueling the institutional disinfectant & sanitizer market.
- The highest share of the hygiene solution industry is anticipated in North America, and the disinfectants & sanitizers market in North America is expected to reach USD 3.28 billion by 2026.
- According to WHO, 143 million surgical procedures are estimated to be carried out each year to save lives and prevent disability and boost the demand for disinfectants & sanitizers.
- Western Europe is the second-largest region for digital transformation spending and shows year-on-year growth at 12.8% for Western Europe, fueling the industrial cleaning market.
- Alcoholic hygiene solution is the largest selling category in the disinfectant sprays and wipes market. However, hand sanitizers are catching up with the demand due to the outbreak of COVID-19.
INDUSTRIAL & INSTITUTIONAL DISINFECTANTS & SANITIZERS MARKET GROWTH FACTORS
- The US was the largest market for industrial & institutional (I&I) disinfectants & sanitizers, and increasing distribution expansion in the country has helped increase the market revenue for the same.
- In the advent of COVID-19, sanitization and disinfection are among the strongest solutions enabling health care professionals to prevent cross-contamination.
- The demand for hygiene solutions has witnessed constant growth due to the rising prevalence of HAIs across the globe.
INDUSTRIAL & INSTITUTIONAL DISINFECTANTS & SANITIZERS MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Distribution Channel
INSIGHTS BY PRODUCT
In 2020, the sanitizers segment dominated the market with its 58.84% market share.
Spray hand sanitizers are a niche product segment preferred by selective customer segments across the market. Vendors promote their products across varied sizes, suitable for end-customers to carry along with them to gyms, fitness centers, and other facilities, subsequently providing a complete solution package for hand hygiene. Liquid hand sanitizers act more quickly (approximately 15 seconds). In comparison, gel-based hand sanitizers require close to 30 seconds to start reacting accordingly, and due to this, it is booming across the industrial & institutional disinfectants & sanitizers market.
INSIGHTS BY COMPOSITION
The industrial & institutional disinfectants & sanitizers market by ethyl alcohol is expected to grow at a CAGR of 10.29% during the forecast period.
Ethyl alcohol-based hygiene solutions are witnessing high demand during the outbreak of novel coronavirus across the globe. Several governments have introduced a range of emergency instructions for vendors to cater to the staggering need for temporary hand hygiene solutions. To fulfill the huge demand, manufacturers of hygiene solutions seek to get alcohol from corns to surge the production. For instance, Allston Chemical Plant partnered with hospitals to provide hygiene solutions. According to the resources, the company has formulated things for its product line, including ethyl alcohol. The company has also discontinued its product line and made it available for hygiene solutions.
INSIGHTS BY END-USER
The industrial & institutional disinfectants & sanitizers market by the food & beverage industry is expected to reach USD 0.62 billion by 2026.
The growth in the food manufacturing setups is likely to boost the recurring demand for disinfectants and sanitizers. The food industry from the recent five years has grown by the rate close to 6% every year in the US, driving the growth of the industrial & institutional disinfectants & sanitizers market share across the country. The fear of receiving infectious materials in packages resulting from chemical warfare has also boosted the demand for hygiene solutions in government offices worldwide.
INSIGHTS BY DISTRIBUTION CHANNEL
Wholesale and distributors/stockists play a vital role in the bulk delivery of hygiene products.
Dealer & distributors are critical channels that constituted over 33% share in distributing the industrial & institutional (I&I) disinfectants & sanitizers products in 2020. For the European region, A.I.S.E., the association representing the European manufacturers of cleaning, hygiene, and disinfectant products, is an important sector in the fight against COVID-19 due to its portfolio of products and services.
INSIGHTS BY GEOGRAPHY
The industrial & institutional disinfectants & sanitizers market in North America is expected to reach USD 3.28 billion by 2026.
North America is one of the most developed regions with respect to economic stature, the standard of social living, and technological growth. The region, particularly in the US, has made numerous technological advances. The US is known as a technical innovator due to the emergence of gigantic online retailers, the development of worldwide social media applications, and the growth of the cloud. The highest share of the hygiene solution industry is anticipated in North America. The US is the largest market for the hygiene and sanitization industry in the world. Further, the distribution channels in the US have been growing at a rapid rate, which is denoted by the total sales published by the US Census Bureau Department of Commerce.
In 2020, various media platforms such as radio, print, digital, and television witnessed a rise in advertisement inserts by hand sanitizer brands.
Vendors can alter and refine their unique value proposition to achieve a strong presence in the upcoming days. Companies must develop innovative technologies and remain abreast of the upcoming technologies to have a competitive advantage over their rivals. Many domestic players are expected to expand their presence worldwide during the forecast period due to the push provided by the COVID-19 pandemic, especially in the fast-developing countries in APAC and Latin America, to gain more market share.
The industrial & institutional disinfectants & sanitizers market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments.
- Ethyl Alcohol
- Isopropyl Alcohol
- Food & Beverage Industry
- Automotive & Aerospace
- Metal & Fabric Manufacturing
- Laundry Care
- Distribution Channel
- Wholesale Distributors/Stockists
- Direct Procurement
- Dealer & Distributors
- Drug Stores/ Pharmacies
- Mass Market Players
- Other Retail Stores
- North America
- South Korea
- Middle East & Africa
- Saudi Arabia
- South Africa
- Latin America