One of the key reasons of the rapid rise of the industrial & institutional disinfectant & sanitizers market is turning of products from optional to mandatory use after pandemic outbreak.
According to the latest Arizton's market research report, the industrial & institutional disinfectant & sanitizers market size to cross USD 8.3 billion by 2025, growing at a CAGR of 11% during the forecast period.
Industrial & Institutional Disinfectant & Sanitizers Market Growth
The market growth depends on several factors such as rise in consumer spending potential, urban development, and more focus on hygiene. The global hygiene market is contributing to the growth of several industries such healthcare, hygiene industry, among others in recent years. The demand for hygiene solutions is witnessing constant growth due to rising prevalence of the HAIs across the globe. The continuous outbreak of epidemics such as H1N1, Ebola, and others have also pushed the different end-users for extra hygiene maintenance globally. The market for the industrial disinfectants & sanitizers is increasing rapidly in the coming years. One of the key reasons of the rapid rise of the market is turning of products from optional to mandatory use after pandemic outbreak.
Product innovation plays a vital role in gaining consumer attention. The incorporation of the latest innovative techniques in product segments, results in an improvement in the overall designing, composition, and features offered by the product. The vendors are increasingly emphasizing the features of disinfectant sprays and wipes, particularly on their composition since the amount of alcohol in these products plays an essential role in combating the spread of deadly viruses. Pre-impregnated disinfecting product, as well as ready-to-use disinfecting product, are gaining widespread usage in hygiene industry. The increasing number of infectious diseases and the application of disinfectant solutions in the various healthcare centers, food industry, and others are gaining traction.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by distribution, product, composition, end users and geography
- Competitive Landscape – 8 Key Company Profiles and 45 Other Prominent Vendors
Industrial & Institutional Disinfectant & Sanitizers Market – Geographic Analysis
The industrial & institutional (I&I) disinfectants & sanitizers market in Europe reached around USD 5 billion in 2020. The major reasons for the growth in demand is the increased precautionary measures in the European countries owing to mass immigration from Syria and Libya, warnings of major flu outbreaks by European Centre for Disease Prevention and Control (ECDC), and increased inclination toward hygiene among Europeans. The US was the largest market for industrial disinfectants & sanitizers that will increase the distribution expansion in the country which in turn, will help in increasing the market revenue for the same. The outbreak of COVID 19 pandemic is fueling due to the growth of hygiene solution in the region.
The market is characterized by the presence of diversified international and regional vendors, and international players will increase their footprint in the market during the forecast period. The regional vendors would be finding it increasingly difficult to compete with them and the global industrial disinfectants & sanitizers market is highly fragmented with many local players. The rapidly changing technological environment could adversely affect vendors as customers expect continual innovations and extra emphasis on hygiene and sanitization products. The global market is dominated by the influx of domestic players, including small scale proprietorship firms. Many domestic players are expected to expand their presence worldwide during the forecast period due to the push provided by COVID-19 pandemic.
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