Disinfectant Wipes Market is Estimated to Witness High Growth Owing to Rising Demand for Hygiene and Sanitation Products
The Global Disinfectant Wipes Market is estimated to be valued at US$ 5.10 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.
Naufan Cmi
Disinfectant wipes are extensively used in hospitals, clinics, and institutions to disinfect surfaces. They help eliminate germs and are effective against viruses, bacteria, and fungi. Key advantages include convenience, portability, and single-step disinfection of surfaces without requiring wiping. The need to maintain hygiene and curb the spread of pathogens has surged the demand for disinfectant wipes, especially during the ongoing Covid-19 pandemic.
The Global Disinfectant Wipes Market is estimated to be valued at US$ 5.10 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Disinfectant Wipes Market are Procter & Gamble Co., Kimberly-Clark Corporation, Clorox Company, Reckitt Benckiser Group plc, Lysol (Reckitt Benckiser), SC Johnson & Son, Inc., Ecolab Inc., Unilever, Cascades Inc., Sani Professional, Diversey Holdings, Ltd., PDI Healthcare, Essity AB, Georgia-Pacific LLC, Germ-X (Vi-Jon, Inc.), Seventh Generation (Unilever), Hand Sanitizer Wipes (various brands), Tapmatic Corporation, Medline Industries, Inc., Zytec, LLC.
The key opportunities in the market include expanding retail and online distribution channels, strategic partnerships and collaborations with healthcare institutions and public places, and product line extensions to cater to diverse applications. Manufacturers are also developing multi-surface disinfectants with advanced formulations that are effective against emerging pathogens and viruses.
Technological advancements include the development of alcohol-based disinfectant wipes that provide faster kill times against microbes as compared to conventional products. Companies are also offering plant-based, biodegradable wipes made from renewable resources like bamboo to cater to sustainable options.
Market Drivers
The major market driver is the rising awareness about hygiene and sanitation amid disease outbreaks like Covid-19 pandemic. This has propelled the demand for disinfectant products across both private and public settings. Stringent regulations mandating the use of disinfectants in hospitals, labs, food industry and other sectors is another key factor fuelling the market growth. Significant expansion of e-commerce retail platforms and availability of a wide variety of online product offerings also spurs the demand and adoption of disinfectant wipes globally.
Current Challenges in Disinfectant Wipes Market
The Covid-19 pandemic has led to increased demand for Disinfectant Wipes Market Growth globally. However, there are some key challenges being faced by the disinfectant wipes market currently. Production capacities have struggled to keep pace with the sudden surge in demand caused by the pandemic. Manufacturers have faced raw material shortages and difficulties in procuring packaging materials. This has led to supply shortfalls in many regions. Another challenge is ensuring the efficacy of these wipes against newer variants of the SARS-CoV-2 virus. Extensive research and testing needs to be done to validate effectiveness against evolving variants. Additionally, there are environmental concerns over improper disposal of wipes. Large volumes of used wipes clogging drainage systems have been reported. Sustainable disposal solutions need to be promoted to address this issue.
SWOT Analysis
Strength: Wide range of products catering to both household and professional settings. Strong R&D capabilities help develop effective formulations.
Weakness: Heavy reliance on few raw materials raises supply chain risks. Significant investments required to enhance production capacities.
Opportunity: Continuous pandemic fueled growth in demand globally. Potential to develop eco-friendly sustainable wipe solutions.
Threats: Entry of new players may intensify competition. Stricter regulations can impact product formulations.
Geographical Regions
North America currently holds the largest share of over 30% of the global disinfectant wipes market in terms of value. This is attributed to factors like strong demand from commercial sectors like healthcare and food processing. Asia Pacific is emerging as the fastest growing region for disinfectant wipes market. Countries like China, India, Indonesia, Thailand and South Korea are major contributors to the regional market. Increasing health awareness and expenditure on hygiene products is driving the APAC market. Europe holds the second largest market share due to presence of major players and stringent hygiene regulations across countries.
The disinfectant wipes market in Latin America is projected to grow at a notable pace during the forecast period. Countries such as Brazil, Argentina, Mexico are exhibiting faster adoption of wipe-based disinfecting solutions in commercial as well as household sectors.
Get more insights on Disinfectant Wipes Market
Explore more Articles related Critical Limb Ischemia Treatment Market
For Deeper Insights, Find the Report in the Language that You want
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
