Disinfectant Sprayers Market is Estimated to Witness High Growth Owing to Opportunity of Rising Hygiene Awareness

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Disinfectant sprayers are appliances that are used to spray disinfectants on surfaces to kill germs and prevent the spread of diseases. They help maintain hygiene by disinfecting surfaces like countertops, doorknobs, toys, and other household items. The Covid-19 pandemic has increased awareness about the importance of personal hygiene and disinfecting surfaces. With people becoming more conscious about sanitization, the demand for disinfectant sprayers is rising significantly.

The global Disinfectant Sprayers Market is estimated to be valued at US$ 9707.3 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The opportunity of rising hygiene awareness is expected to drive high growth of the disinfectant sprayers market. The Covid-19 pandemic has brought hygiene to the center stage and made people realize the importance of regular cleaning and disinfecting of surfaces. Regular cleaning prevents spreading of germs and helps maintain a hygienic environment. With illness awareness rising among people, the need for disinfectant sprayers as an effective cleaning tool is increasing. Portable and easy to use disinfectant sprayers help users sanitize surfaces conveniently and effectively. Going forward, growing concerns regarding health and hygiene are likely to keep the demand for disinfectant sprayers strong. Manufacturers can capitalize on the opportunity by developing innovative and high-performance disinfectant sprayers to cater to the rising demand.

Porter's Analysis
Threat of new entrants: The threat of new entrants in disinfectant sprayers market is moderate as it requires high initial investments and R&D expenditures to develop new products that meet regulatory standards.

Bargaining power of buyers: The bargaining power of buyers is moderate since there are many established manufacturers offering disinfectant sprayers at competitive pricing.

Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of alternative raw material suppliers.

Threat of new substitutes: The threat of new substitutes is low as disinfectant sprayers have benefits over other disinfecting methods like wipes or solutions.

Competitive rivalry: The competitive rivalry is high among key players to gain market share through product innovation, quality, and competitive pricing.

SWOT Analysis
Strength: Disinfectant sprayers offer efficient and easy way of disinfecting surfaces. Growing awareness regarding hygiene boosts their demand.

Weakness: Initial costs associated with R&D and production are high. Fluctuations in raw material prices impact profits.

Opportunity: Rising health concerns post COVID-19 pandemic increases adoption in healthcare and other sectors. Growth in e-commerce sales supports market expansion.

Threats: Stringent regulations associated with product approvals delay new launches. Environmental concerns regarding VOC emissions act as a challenge.

Key Takeaways
Global Disinfectant Sprayers Market Size  is expected to witness high growth during the forecast period owing to the increasing focus on health and hygiene post COVID-19 pandemic. The global Disinfectant Sprayers Market is estimated to be valued at US$ 9707.3 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030.

The North America region currently holds the highest market share due to strict adherence to hygiene protocols and policies in healthcare facilities and other commercial sectors. Asia Pacific is expected to grow at the fastest rate during the forecast period owing to rising disposable incomes, growing population, expansion of healthcare infrastructure, and increasing risk of HAIs.

Key players related content comprises: Key players operating in the disinfectant sprayers market are 3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Graco Inc., Whiteley Corporation, Jereh Group, and Steris PLC. 3M is one of the leading players providing both electric and non-electric disinfectant sprayers.

 

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