Surface Disinfectant Sales Projected to Surpass $6.8B
April 27, 2021
The sale of surface disinfectants has greatly increased over the last few years due to improved awareness of the importance of proper hygiene in preventing the spread of infectious diseases, including COVID-19. A study by market research and consulting firm Future Market Insights has forecast the trend to continue, with the surface disinfectant market to surpass US$6.8 billion in 2021.
Disinfectants, especially in liquid form, have emerged as top-selling products in the market with hospitals continuing as the leading end user of these products. The demand for surface disinfectants from hospitals is forecast to surge at above 6.4% compound annual growth rate (CAGR).
Other key takeaways from the market study include:
- The surface disinfectants market will register growth at 8.8% CAGR. Sales are expected to surge amid the COVID-19 pandemic.
- The U.S. will spearhead growth in North America, accounting for maximum sales of surface disinfectants. Increasing health care spending will seal the dominance of the U.S.
- Presence of a sophisticated health care infrastructure catapults the United Kingdom as a lucrative market for surface disinfectants.
- Germany and France will continue exhibiting high demand, thanks to increasing focus on health and wellness.
- Post COVID-19, sales will rise at a remarkable pace in China, Japan, and South Korea.
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