Absolute Markets Insights (AMI) reports a robust forecast for the aerosol disinfectant market during the 2021-2029 period. The global market stood at a valuation of US$ 5813.81 Mn in 2020, and AMI anticipates that the market will grow at 6% over the period of next eight years owing to rising hygienic lifestyle and pandemic conditions, which are leading to greater incidences of infection around the world. Furthermore, the growing need for disinfecting surfaces/objects in the midst of pandemic is anticipated to propel the market growth over the years.
Scented Aerosol Disinfectants to Grow at the Fastest Rate over the Forecast Period (2021-2029)
According to Absolute Market Insights report, scented aerosol disinfectants will remain the fastest growing segment during 2021-2029 period in the aerosol disinfectant market. High consumer inclination toward scented products and deodorizing application, are some of the major factors projected to drive the segment growth at high rate. Apart from scented aerosol disinfectant products, unscented products also have high product penetration on account of growing concerns pertaining to harmful effects of chemically synthesized fragrant components. Moreover, in order to tackle such situation, manufacturers are incorporating components derived from fragrant/essential oils. Also, individuals sensitive to fragrance chemicals have high preferences for unscented disinfectant products.
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Currently, rudimentary hygiene standards among consumers have been inclined toward added value concept. Such a trend has pushed the manufacturers to incorporate fragrance components derived from natural sources such as essential oils. Also, features of eliminating malodorant molecules from the air coupled with viruses and bacteria have propelled the product consumption, this in turn is likely to drive the segment growth over the forecast period.
Offline Distribution Channel to Lead the Segment Growth while Online Distribution Channel to Grow at the fastest rate during 2021 – 2029
According to AMI, offline distribution channel is expected to hold the largest share in the global aerosol disinfectant market during the 2021-2029 period. Even though the use of e-commerce grew exponentially, consumers continue adjusting to their shopping habits. Panic buying has led the consumers to take extra precautions while visiting the stores. Some of the precautions include disinfecting their shopping carts, delivery bags, door knobs, handles, etc. Such a factor pushed consumers toward convenient and time efficient option, which subsequently increased the product demand. Moreover, increased tendency of stockpiling essential items have emptied shelves, which created supply-demand gap. This led to purchase restrictions and limited the number of items a consumer could buy.
Shortage of supplies at grocery stores along with consumer need to reduce the number of store visits, so as to limit the exposure has prompted individuals to opt for online channels. Moreover, amid sluggish economic activity during Covid-19, led to surge in digital transformation and e-commerce as lockdowns became the new normal and consumers increasingly went purchasing more goods online. Furthermore, according to United Nations Conference on Trade and Development, the global retail trade share rose from 14% to 17% from year 2019 to 2020. Such trend signifies the proliferative growth of online distribution channel in the global aerosol disinfectant market.
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Commercial and Healthcare Sector to Drive Growth by Increasing Consumption of Disinfectants
As commercial spaces have started reopening, the need for frequent disinfection and sanitation has upsurge. Apart from increased preventive healthcare in commercial spaces, one of the major concerns among the consumers is improving indoor air quality of large industrial and commercial space through commercial cleaning. This has led to increase implementation of janitorial services, which subsequently is projected to foster the product demand in commercial spaces.
Healthcare sector is continuously adopting automated decontamination technologies such as aerosol, vaporized hydrogen peroxide and UV light systems to reduce the rate of infection. Early adoption of dry fogging and room disinfection methods have increased the penetration of aerosol disinfectants. Apart from commercial & healthcare sectors, increasing demand from food & beverage processing and institutional sector for infection control is projected to further drive the aerosol disinfectant market growth in the extended run.
Increasing Consumption from End-Use Industries to Drive Growth in the North America Region
High consumption of disinfectants in U.S. for commercial and healthcare cleaning has bolstered the product demand over the period of time. However, on January 2021, Health Canada, which is the department of national health policy in Canada, approved disinfectants made by SC Johnson which are effective against the coronavirus. The approved list also included bathroom aerosol disinfectant products. This is further expected to increase the product penetration in residential end-use over the forecast period. Also, exponential growth in online retail during the Covid-19 pandemic has fostered the growth of aerosol disinfectant, globally.
Asia Pacific region in the global aerosol disinfectant market, however, is estimated to witness fastest growth rate over the period of next eight years. Developing commercial and healthcare sector in China, Japan, India, and South Korea is projected to further drive market growth in the region over the forecast period.
Some of the players operating in the global aerosol disinfectant market are 3M, Dabur India Limited., Fuller Industries Inc., ITC Limited, Nyco Products Company, Proctor & Gamble, Reckitt Benckiser., Stepan Company, The Claire Manufacturing Company, The Clorox Company, Unilever, and Zep, Inc amongst other market participants.
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Global Aerosol disinfectant Market:
By Fragrance Type:
- Unscented
- Scented
By Surface Type:
- Hard Surface
- Soft Surface
- Multi-Surface
By Distribution Channel:
Online
- Offline
- Retail & Convenience Stores
- Pharmacies & Drug Stores
- Hypermarket and Supermarket
- Others
By End-use:
- Residential
- Commercial Spaces
- Manufacturing & Industrial
- Institutional
- Healthcare
- Hospitality
- Retail
- Others
-
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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