The size of the Europe Surface Disinfectant Market is forecasted to be USD 1.57 billion in 2022 and USD 2.24 billion by 2027, growing at a CAGR of 7.4% from 2022 to 2027. It captured around 30% of the share in the global market in 2020.
The European surface disinfectant market is majorly projected to be fuelled by the presence of stringent regulations on the usage of surface disinfectants and growing awareness among the people about environmental and personal hygiene.
The other significant factors such as the increasing number of contagious diseases, the rising demand to maintain cleanliness and disinfect the surroundings, and the requirement to safeguard people from life-threatening diseases are propelling the surface disinfectants market growth in the European region. Hospital-acquired infections are majorly attributing to the market growth during the forecast period. Further, the rapid advancements in surface disinfectants and increasing investments and funding by the government and private organizations are expected to encourage market growth.
The other factors, such as increasing healthcare expenditure by the government on developing the healthcare expenditure, are expected to provide a way for the new market entrants. The growing senior population is more vulnerable to a variety of chronic illnesses. For example, older people are more likely to get HAIs. In addition, the growing population of elderly patients is predicted to change healthcare delivery and generate a larger market for disinfectants (hospital-acquired infections). According to the World Population Aging, the elderly population continues to grow at an unprecedented rate.
In recent years, the sale of surface disinfectants has soared, especially in the leading European nations with the highest number of COVID-19 cases in the region. Implementation of favorable government initiatives and stringent government regulations on sterilization and disinfection of public places due to the recent contagious disease COVID-19 are boosting the market growth. As a result, surface disinfectants are being used more widely in hospitals, research laboratories, pathology labs, and pharmaceutical and biotechnology firms in Europe due to the COVID -19 pandemic.
However, non-compliance with conventional disinfectant methods and the numerous harmful effects of chemical disinfectants may significantly constraints the surface disinfectant market. In addition, the fast development of alternative technologies can pose a threat to the surface disinfectant market's growth over the projected period.
This research report on the European surface disinfectant market has been segmented & sub-segmented into the following categories:
Geographically, the European surface disinfectant market is forecasted to account for a substantial share in the global market during the forecast period. In addition, increasing demand to promote quality treatment services in hospitals and clinics and rise in the awareness programs among staff to spray disinfectants in the hospitals to stay safe while COVID-19 cases are increasing are further expected to accelerate the growth rate the European market during the forecast period.
The UK Surface Disinfectant market is witnessed in holding dominant shares of the market in the Europe region. The increasing use of chemical agents to kill microorganisms in households due to the spread of coronavirus is elevating the market's demand. Surface disinfectants are playing an essential role in sanitizing isolation wards and other areas. Therefore, it is ascribed to surge the growth rate of the market.
The German surface disinfectant market is another lucrative regional market in the European region and is expected to register a healthy CAGR from 2022 to 2027. The rise in the scale of hospitals and clinics, government support to create awareness about hygiene to control the spread of infectious diseases are majorly promoting the growth rate of the German surface disinfectants market.
The surface disinfectants market in France is likely to register a promising growth rate during the forecast period. The rise in the prevalence of disinfectants in all the surface areas frequently in pandemic situations like COVID-19 is a significant factor driving the demand of this market.
The Spain surface disinfectant market is forecasted to hike at a healthy CAGR from 2022 to 2027. Spain has witnessed a sharp growth rate from February 2020 as there are many COVID-19 cases. Surface disinfectants are highly used in this country to control the spread of coronavirus at hospitals, clinics, houses, and other places. Therefore, it has made the Spanish surface disinfectants market grow lucratively in this period.
In Italy, the transmission of infectious diseases like COVID-19 is very high from March 2020, which is forwarding the market shares to the extent. In addition, increasing awareness of preventive measures is accelerating the demand of the Italian surface disinfectants market.
KEY MARKET PLAYERS:
The key market players that dominate the European surface disinfectant market analyzed in this report are 3M Company, Procter & Gamble, Reckitt Benckiser Group PLC, The Clorox Company, and Sealed Air Corporation, Steris Corporation, Cantel Medical Corporation, Johnson & Johnson, and Ecolab.
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