The disinfectant spray market is predicted to rise at a stellar growth rate over the forecast period from 2020 to 2030. Exploding number of COVID-19 cases in several parts of the world is stimulating demand for disinfectant sprays to contain the virus that can possibly spread through floors, surface tops, doors, windows, and other places of contact. This has led to surge in demand for disinfectant sprays from hospitals, clinics, offices, and households.
Some other factors fuelling the disinfectant spray market include rising incidence of communicable diseases, rising awareness of cleanliness and hygiene, and advancement of the healthcare sector
Key parameters based on which the disinfectant spray market is divided are application and region.
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The report on disinfectant spray market provides valuable insights of growth trends and opportunities in the said market for the 2020-2030 forecast period. Furthermore, the report covers parameters such as popular trends, competitive landscape, and regional outlook of the disinfectant spray market. The disinfectant spray market report also looks into the pain points and helps the stakeholder to understand the probabilities. Insights into growth strategies of prominent players in disinfectant spray market and their business models is a highlight of this report.
Disinfectant Spray Market: Competitive Landscape
The presence of several players, including well-established and new makes the disinfectant spray market fairly fragmented. Key manufacturers of disinfectant sprays are focused on magnifying production, especially to cater to the surging demand amidst COVID-19. Expansion of production facilities and production innovation are some key growth strategies of well-entrenched players in the disinfectant spray market.
Rapid rise in demand amidst COVID-19 has led to the entry of new players, both international and global in the disinfectant spray market. This would help to bridge the demand supply gap in the disinfectant spray market in the near future.
Key participants in the disinfectant spray market include 3M Company, Johnson & Johnson, Kimberly Clark Corporation, DuPont, Henkel Corporation, Steris plc., Procter and Gamble Company, Reckitt Benckiser Group plc, Unilever, and Henkel Corporation.
Disinfectant Spray Market: Key Trends
Vast rise in distribution channels of disinfectant spray is a key factor fuelling the disinfectant spray market. Large grocery stores, supermarkets, hypermarkets, wholesalers, direct sales, pharmacies, mom and pop shops, convenience stores, and large home stores are some key distributors of disinfectant sprays.
Besides this, rising awareness among individuals regarding cleanliness and hygiene, especially amidst COVID-19 is leading to vast uptick in demand for disinfectant sprays. Availability of cleaning supplies, including disinfectant spray via online sales channel has spurred the demand for these products. Implementation of strict lockdowns by several governments worldwide to contain the spread of the virus has led to the purchase of cleaning products through online sales channel. Consumers are ordering essentials, including cleaning supplies through shopping portals of large grocery stores, drug stores, and supermarkets.
Expansion of product capacity of key manufacturers is opening new growth opportunities for disinfectant spray market. To serve the massive spike in demand from hospitals due to strict guidelines for cleanliness of healthcare institutions, manufacturers of disinfectant spray are expanding their production capacity.
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Disinfectant Spray Market: Regional Outlook
Asia Pacific is anticipated to account for considerable share in the disinfectant spray market over the forecast period. Low cost of production attracting large players to setup production facilities in the region will account for increased revenue share of Asia Pacific in the disinfectant spray market over the forecast period.
North America and Europe are predicted to continue to account for substantial share in the disinfectant spray market. Uptake of effective measures to contain the spread of COVID-19 is a key reason behind continued growth of disinfectant spray market in these regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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