Disinfectants Market is Estimated to Witness High Growth Owing to Rising Healthcare Expenditure and Growing Awareness Towards Health & Hygiene
The Disinfectants Market is estimated to be valued at USD 9.72 billion in 2024, exhibiting a CAGR of 7.1% over the forecast period (2024-2031). Furthermore, increasing demand from the healthcare sector and growing concerns regarding hygiene and infections are projected to boost the market growth during the forecast period.
The global disinfectants market is primarily driven by the rising healthcare expenditure globally. According to the World Bank, the global healthcare spending is projected to increase at an average annual rate of 5.4% between 2015 and 2040. Additionally, increasing awareness regarding hygiene and infections is encouraging the adoption of disinfectants across various end-use industries like the healthcare, residential, commercial, and industrial sectors. Stringent regulations regarding hygiene and infection control across several countries are also projected to fuel the demand for disinfectants. Growing outbreaks of infectious diseases like COVID-19, H1N1, swine flu, etc. are further propelling the growth of the global disinfectants market during the forecast period.
Increasing awareness about hygiene and spread of infections
There is rising awareness among consumers about the importance of hygiene and cleanliness to prevent the spread of infections. The COVID-19 pandemic has played a major role in highlighting the role of disinfectants in killing germs and viruses. People are now more conscious about regularly disinfecting high-touch surfaces in homes and offices. The healthcare industry also emphasizes on the disinfection of medical facilities to curb hospital-acquired infections. This increased focus on hygiene and infections control is driving greater demand for various disinfectant products.
Stringent regulations for infection control
Several countries and organizations have implemented strict regulations and guidelines regarding infection control and the prevention of outbreaks in healthcare settings as well as public places. For instance, norms such as EPA standards in the U.S. mandate the use of EPA-registered disinfectants in hospitals, clinics, and other facilities. The CDC also publishes disinfection guidelines for critical infrastructure. Compliance with such regulations is mandatory for various industries including healthcare, food processing, and hospitality. This regulatory push is augmenting revenue opportunities for disinfectant manufacturers and suppliers.
Potential health hazards of certain chemicals
While disinfectants help eliminate germs, some chemicals used can also pose toxicity risks to human health as well as the environment. Prolonged exposure to substances like chlorine, quaternary ammonium compounds, and aldehydes may cause health issues. There are also concerns over bacterial resistance development due to the overuse or misuse of some disinfectants. These potential hazards discourage indiscriminate or uncontrolled usage of chemical disinfectants in several applications. Natural and eco-friendly alternatives are gaining preference in such cases.
High production and compliance costs
Meeting stringent efficacy, safety, and regulatory standards set for disinfectants involves significant research and testing investments. Manufacturers have to incur high production costs to develop reliable and approved formulations. Additionally, maintaining compliance with changing guidelines also puts upward pressure on overall costs. These expenditure factors make disinfectants comparatively more expensive than regular cleaning agents. The higher prices pose affordability challenges especially in price-sensitive market segments.
Growth in hospital-acquired infection control market
The hospital-acquired infection control market represents major opportunities owing to the rising prevalence of nosocomial infections worldwide. The need to develop infection prevention strategies and integrate disinfection protocols across healthcare settings is consistently driving demand. Advanced product varieties targeting specific microorganisms are gaining traction. This presents lucrative scope for innovations as well as wider market penetration.
Rise of eco-friendly and multisurface disinfectants
Concerns over toxicity has fueled the growth of safer and natural alternatives in the green disinfectants space. Product extensions with plant-based as well as mineral-based formulations are witnessing higher uptake. Meanwhile, multisurface disinfectants for disinfecting a broad range of materials from floors to medical equipment provide enhanced convenience. Their versatility and sustainability-oriented profiles present opportunities for premium solutions catering to evolving consumer preferences.
Link - https://www.coherentmarketinsights.com/market-insight/disinfectants-market-256
Key Developments
- In 2024, the U.S. Environmental Protection Agency (EPA) launched a new list of disinfectants effective against HIV, Hepatitis B, and Hepatitis C viruses. This list, known as List Q, provides guidance to the public on EPA-registered disinfectant products that meet the agency's criteria for use against these specific viruses.
- In 2023, SC Johnson launched the FamilyGuard Brand, a lineup of disinfectant formulas designed to help protect families from various germs and viruses. This new brand offers a range of effective disinfectant products that cater to the needs of families, providing a safe and reliable way to keep homes clean and germ-free.
- In June 2023, Lysol, a well-known brand under the Reckitt Benckiser Group PLC, announced the launch of Lysol air sanitizer in the United States. This new product is designed to help eliminate airborne germs and viruses, providing an additional layer of protection against the spread of illnesses in homes and public spaces.
- In March 2022, PDI launched Sani-24 Germicidal Disposable Wipe, Sani-HyPerCide Germicidal Disposable Wipe, and Sani-HyPerCide Germicidal Spray
- In February 2022, SC Johnson Professional, a leading provider of cleaning and disinfecting solutions, introduced the Quaternary Disinfectant Cleaner. This new product features an innovative, easy-to-use bottle design that simplifies the disinfecting process. The bottle has a squeeze-and-pour mechanism, making it easy to measure and apply the correct amount of disinfectant for effective cleaning and disinfection.
Key Players
PDI, Inc., 3M, Reckitt Benckiser Group PLC, Procter & Gamble, The Clorox Company, Steris PLC, Ecolab Inc. , Johnson & Johnson, Kimberly-Clark Worldwide, Inc, Lonza, GOJO Industries, Inc., Spartan Chemical Company, Inc., W.W. Grainger, Inc., Medline Industries, LP., BODE Chemie GmbH, CCM GMBH, Aditya Birla Chemicals, Carenowmedical, Whiteley , B Braun, Sanichem, and Intercare
