The industrial and institutional disinfectants and sanitizers market size will reach USD 8.3 billion by 2025, growing at a CAGR of 11% during the forecast period. The global industrial & institutional disinfectants & sanitizers market is likely to witness significant growth in the coming years. One of the main factors driving the demand for hygiene solutions is the outbreak of the COVID-19, which has been designated a global pandemic by the WHO. The rise in awareness of personal hygiene and the increased focus on a safe work environment has further propelled the demand for hygiene solutions worldwide. The market is witnessing the increased demand from the healthcare, hospitality, and manufacturing sectors.
The demand for hand hygiene solutions has grown in countries such as China, Japan, and India. The growth is majorly due to the booming commercial healthcare settings and the shift in consumer behavior in developing countries. The disinfection process helps in the elimination of several or all pathogens. In medical or healthcare segments, equipment or instruments and the facility areas are disinfected by disinfectant sprays or the wet pasteurization method. Hence, with the expansion of healthcare facilities, disinfectant products are expected to increase demand significantly. With the application of these products, hospital-acquired infections are expected to be minimized.
- The sanitizer segment will register an incremental growth of over USD 2.3 billion by 2025.
- The institutional segment will reach a revenue of over USD 1.42 billion by 2025. This growth is on account of increased demand from government bodies, healthcare agencies, and NGOs.
- The ethyl alcohol segment is likely to grow at a staggering CAGR of over 10% during 2019–2025.
- North America will experience a growth of close to 12% from 2019–2025. The growth is due to the high penetration of hygiene solutions in the US and Canada regions.
INSIGHTS BY PRODUCT
The sanitizer segment will grow at a staggering CAGR of over 16% during 2019–2025. Gel-based sanitizers are likely to witness maximum growth in industrial settings as they are highly effective in killing germs and viruses. Liquid-hand sanitizers perform quickly, while gel-based ones take some time to act. Hence, workers involved in painting and oiling activities tend to prefer liquid-based over other sanitizer types. The increased consumer awareness of hygiene among workers and professionals has increased worldwide disinfectant demand considerably. The globally unprecedented rates of damage triggered by the spread of the COVID-19 pandemic culminated in intensified demand for surface disinfectants.
INSIGHTS BY DISTRIBUTION
Disinfectants & sanitizer products are primarily sold through a variety of distribution channels such as mass-market players, wholesale distributors, direct procurement. Dealers & distributors are key channels, which constitutes a close to 35% share in distributing the sanitizer products. Direct procurement boosts cost understanding and procedure outcomes and also impacts hospital pharmacies' procurement activities. Electronic procurement eliminates the expense of planning and processing inventory orders and invoices and allows purchasing processes to be closely connected to manufacturing structures. This process reduces the time-consuming and inefficient mistakes from manual data entry.
INSIGHTS BY COMPOSITION
Ethyl alcohol-based hygiene solutions have witnessed high demand during the outbreak of COVID-19. This is because they are 40% more effective against the virus than normal solutions. Besides, the CDC advises hand hygiene solutions with the concentration of a minimum of 60% ethanol can make viruses, genetically linked and identical physical properties to COVID-19, inactivate. Isopropyl alcohol is the most widely employed as a sanitizing agent. It is used in manufacturing pharma, hospitals, cleanrooms, and devices or surgical equipment. Since the number of infections (COVID-19) has risen in the US and Europe, hand sanitizers have become increasingly necessary. The global isopropyl hand sanitizer market (including residential) witnessed the retail volume sales of 10.21 million gallons of hand sanitizers in 2019. The segment is likely to reach 25.5 million gallons by 2025.
INSIGHTS BY END-USER
The global disinfectants and sanitizers market is expected to touch over $4.5 billion in 2020 because of the outbreak of the COVID-19 pandemic. After the eruption of the pandemic, sanitizers have become a vital part of workplaces and government offices. People working in these places are frequently exposed to dirt, dust, rocks, comprising a wide variety of germs and infections. The healthcare sector has been one of the key contributors to the sanitizers and disinfection equipment market. With the increased awareness of contagious infections and the importance of maintaining hand hygiene among individuals, the sale of hospital hand hygiene products in the healthcare sector has observed a rise. People have started to adopt the usage of hand sanitizers in all such places more pervasively.
INSIGHTS BY GEOGRAPHY
The industrial & institutional disinfectants & sanitizers market in North America has been growing steadily. The major reason for this growth has been the increased fear of infectious diseases and the constant warning of the US CDC regarding the flu seasons. The outbreak of the COVID 19 pandemic in 2019 has fueled the growth of the hygiene solution market. The US is the largest I&I disinfectant & sanitizer market. With the increasing hygiene awareness among consumers, key vendors are engaged in offering broader formulating solutions that cater to changing needs and preferences. The implementation of proper hygiene and sanitation facilities in several end-user segments are gaining tractions, which is further likely to boost the sale of disinfectant products in the region. Additionally, in terms of potential opportunities for vendors, the automobile industry can offer vast growth to the commercial hygiene solution industry.
INSIGHTS BY VENDORS
The global industrial & institutional (I&I) disinfectants & sanitizers market is currently highly fragmented with many local players in the market. 3M, Reckitt Benckiser, and GOJO Industries are the key leading vendors in the market. The market is characterized by the presence of diversified international and regional vendors. As global players would increase their footprint in the market, local vendors would be finding it increasingly difficult to compete with them. The competition will be based solely on features such as quality, quantity, innovation, and price. The market competition is expected to intensify further with an increase in product/service extensions, innovations, and M&As.
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:
- Mass Market Players
- Drug Stores/Pharmacies
- Wholesale Distributors/Stockists
- Direct Procurement
- Dealers & Distributors
- Other Retail
- Ethyl Alcohol-based
- Automotive & Aerospace
- Laundry Care
- Metal & Fabric Manufacturing
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia