PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567241
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567241
Global disinfectant wipes market is estimated to be valued at USD 5.10 Billion in 2024 and is expected to reach USD 7.51 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | US$ 5.10 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.70% | 2031 Value Projection: | US$ 7.51 Bn |
Global disinfectant wipes market has witnessed growth in recent years due to COVID-19 pandemic and increased focus on hygiene and cleanliness. Disinfectant wipes are easy to use and effective in killing germs and bacteria on surfaces. These are commonly used for disinfecting high touch areas in homes, offices, schools, hospitals and other institutions. Increasing health awareness and busy lifestyles have boosted demand for convenient disinfecting products like wipes. Advancements in material science have led to introduction of wipes that are stronger, long-lasting and leave surfaces feeling clean and fresh. Wider availability through retail channels and e-commerce can also drive the market growth. However, concerns around bacterial resistance and environmental impact of wipes can pose challenges for market players.
Global disinfectant wipes market growth is driven by factors like growing health and hygiene consciousness among consumers following COVID-19, rising preference for convenient and on-the-go cleaning products, increasing usage of wipes in industries like healthcare and food & beverage to control infection. Busy lifestyles have made disinfectant wipes popular as these save time and effort compared to other cleaning methods. Factors such as stringent regulations around ingredient content and packaging, rising focus on eco-friendly products, and concerns regarding development of bacterial resistance can hamper the market growth. Innovations in materials and sustainable production practices can offer significant growth opportunities. Manufacturers are developing biodegradable, plant-based wipes with natural disinfecting agents.
This report provides in-depth analysis of the global disinfectant wipes market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global disinfectant wipes market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Reckitt Benckiser, The Clorox Company, Kimberly-Clark, Procter & Gamble, Johnson & Johnson, and Nice-Pak Products Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global disinfectant wipes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global disinfectant wipes market
Detailed Segmentation-