Disinfectant sprayers are devices used for spraying disinfectants on surfaces for killing germs, viruses, and bacteria. Disinfectant sprayers provide ease of use, convenience, and allow thorough and even spraying of disinfectants on large areas. Various types of disinfectant sprayers available in the market include trigger sprayers, pump sprayers, and vaporizing sprayers. Disinfectant sprayers find wide applications in hospitals, clinics, food industry, hospitality industry, and commercial buildings for maintaining hygiene.

The Disinfectant Sprayers Market is estimated to be valued at US$ 9,707.3 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The disinfectant sprayers market size is driven by the rising demand for surface disinfection owing to the COVID-19 pandemic. There is a growing awareness regarding health and hygiene among consumers and various end-use industries such as hospitals, food processing plants, and hospitality industries are focusing on regularly disinfecting surfaces to curb the spread of infections. Furthermore, introduction of innovative products such as automatic disinfection sprayers and UV-C disinfection sprayers integrated with IoT technologies are gaining popularity. For instance, automating disinfecting process through IoT enabled disinfectant sprayers helps in saving time and ensuring thorough coverage. Stringent regulations regarding hygiene and safety are further augmenting the demand for disinfectant sprayers.

Porter’s Analysis

Threat of new entrants: Low barrier to entry due to ease of manufacturing, however established brands and requirement of robust distribution network limits threat.

Bargaining power of buyers: Moderate bargaining power due to presence of many established brands and product differentiation.

Bargaining power of suppliers: Suppliers have low bargaining power due to availability of substitute components and fragmented supplier base.

Threat of new substitutes: Threat of new substitutes is low as disinfectant sprayers are used extensively across industries and have no close substitutes.

Competitive rivalry: High competitive rivalry owing to presence of numerous global and regional players and low product differentiation.

SWOT Analysis

Strengths: Robust demand from healthcare and hospitality industries. Established distribution network of major players.

Weaknesses: Volatility in raw material prices and regulations pertaining to use of chemicals affect profits. Large captive customer base of key players restricts entry of small players.

Opportunities: Growth opportunities in Asia Pacific and Middle East & Africa due to increasing health standards. Increasing incidence of HAIs drives demand.

Threats: Stringent regulations regarding use of chemicalsact as a barrier. Economic slowdowns affect discretionary spending.

Key Takeaways

The global Disinfectant Sprayers Market is expected to witness high growth, exhibiting CAGR of 7.5% over the forecast period, due to increasing health awareness and rising incidence of Healthcare associated infections. North America dominates the market currently due to stringent hygiene norms and regulations in healthcare facilities. Asia Pacific is expected to grow at fastest pace due to improving healthcare infrastructure and increasing focus on hygiene.

Regional analysis North America dominates the global disinfectant sprayers market, accounting for over 35% of the global market share in 2023. Growth in the region is driven by stringent norms regarding disinfection and sterilization processes in healthcare facilities. Asia Pacific exhibits highest growth rate during the forecast period due to growing medical tourism industry and improving healthcare standards in countries such as China and India.

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.

Get more insights on this topic: https://creativenewsalert.weebly.com/blog/disinfectant-sprayers-market-estimated-to-witness-high-growth-owing-to-increasing-demand-from-healthcare-industry