The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Disinfectant Spray market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Disinfectant Spray
The report offers actionable and valuable market insights of Disinfectant Spray. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Disinfectant Spray Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Disinfectant Spray, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Disinfectant Spray Market.
The global disinfectant spray market has witnessed a healthy growth of ~10.5% over the historical period and overall sales were pegged at more than 113 Mn Units in 2019. The COVID-19 pandemic has spread in 160 countries and is likely to impact several economies through supply disruptions.
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Global Disinfectant Spray Market: In-Depth Assessment on Key Segments
The global disinfectant spray market is segmented on the basis of formulation, delivery system, pack size, application, sales channel, and region.
- Sodium Hypochlorite
- Quaternary Ammonium Compounds
- Hydrogen Peroxide
- Peracetic Acid
- Up to 200 ml
- 201 ml – 400 ml
- 401 ml – 600 ml
- More than 600 ml
- Hospitals & Clinics
- Offices / Commercial
- Schools & Universities
- Manufacturing & Industrial
- Other Applications
- Direct Sales
- Hypermarkets / Supermarkets
- Retail & Convenience Stores
- Pharmacies & Drug Stores
- Online Sales
- Wholesaler & Distributors
- Other Sales Channels
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Surge in demand for disinfectant and hygiene products owing to COVID-19 epidemic is expected boost disinfectant spray sales. The market is pegged to surpass US$ 850 Mn by 2020 and is expected to grow 1.3x over the year. The global disinfectant spray market has gained momentum in the historical period owing to enhanced healthcare facilities and an increasing number of household buyers. As consumers are moving from traditional sales routes to social distancing and non-contact sales channels, the overall sales of disinfectant spray is anticipated to grow at a CAGR of over 14% during the long-term forecast period (2020-2030).
Key Takeaways of Global Disinfectant Spray Market:
- Aerosol disinfectant spray products account for over 6 out 10 sales of disinfectant sprays worldwide and are expected to create an absolute dollar opportunity of ~US$ 1,650 Mn during forecast period
- The hospitals & clinics segment holds ~40% share owing to the extensive use of disinfectant products and huge patient traffic in hospitals & clinics
- Against the prevailing scenario, retail & convenience stores and online channels are expected to grow at a CAGR of ~15% and ~18% respectively over the short-term forecast period owing to changing purchasing patterns of buyers
- The global disinfectant market is estimated to showcase a fragmented market structure and is set to provide remunerative market opportunities to the existing market actors, new entrants and key investors across the globe
“As the coronavirus threat is spreading, governments worldwide need to develop astute strategies to enable key companies to expand their production capacities for sanitizers and disinfectant products.” Says Analyst at Fact.MR
Asian Countries to become Hubs of Profitable Growth
Legacy regions such as North America and Europe hold ~3/5th of the overall sales in global disinfectant spray market. Increasing emphasis on a better healthcare environment and product reach across emerging Asian countries has pushed market actors to adopt china plus one strategy and expand their business footprint outside of North America and Europe.
Moreover, regulations for a hygienic environment across end use industries has created a huge momentum for leading market players to increase their customer base. In turn, key manufacturers are on the path to find low cost raw materials while maintaining their quality and production throughput. This is being done to provide products at an affordable price in order to gain a higher profitability margin.
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More Valuable Insights on Disinfectant Spray Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Disinfectant Spray, Sales and Demand of Disinfectant Spray, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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