Global market for disinfecting wipes is poised to witness a 2X increase in demand in 2023, as compared to 2019, with market value surpassing US$ 1.4 Bn by the end of assessment period (2020-2030), says Fact.MR in its newest published report. Due to the ongoing COVID-19 outbreak, there has been a massive surge in sales of disinfecting products such as disinfecting wipes.
Governments around the globe are encouraging citizens to use disinfecting products by issuing guidelines to stay safe amid the COVID-19 outbreak. For instance, in March 2023, the US Environmental Protection Agency (EPA) expanded the disinfectant list that is effective on COVID-19. EPA thereafter added 40 new products after reviewing the list. Further, governments are running TV campaigns to educate people about the importance of disinfecting products such as disinfecting wipes in order to control the COVID-19 pandemic.
North America to Witness Skyrocketing Sales of Disinfecting Wipes
North America accounts for nearly one third of the market share, and is expected to show significant growth over the forecast period. This growth in demand for disinfecting wipes in North America can be attributed to soaring infection rates and higher than average spending on disinfectants. Presently, North America is leading with the highest number of cases for COVID-19 and number is likely to escalate. The presence of multiple market leaders in the region is expected to decrease the gap within demand and supply for disinfecting wipes. Demand in North America is expected to grow 1.2X in 2023 over 2019.
Following Questions Answers Covered in the Report are:
- How will the global Disinfecting Wipes Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Disinfecting Wipes Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Disinfecting Wipes Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
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The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Disinfecting wipes market in particular has also faced the extreme impact from the Covid-19 crisis as demand was observed to increase in January and February compared to demand in 2019 during those months. The increasing demand of disinfecting wipes in 2023 can be understood under three scenarios: positive, pessimistic and probabilistic. Under the optimistic scenario, the global disinfecting wipes market is expected to increase in the first quarter of 2023 under Covid-19’s strong impact, and demand may grow from the second quarter.
On the other hand, under the probabilistic scenario, the market is expected to grow under strong crisis control until the second quarter, and boost sales of disinfecting wipes. Although the impact of the crisis may increase the demand for bleach wipes in first two quarters in the pessimistic scenario, the market will begin to show a decline by the first quarter of 2023.
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