Disinfectant Sprays Market | Amidst COVID-19, burgeoning Demand spurts Growth in the Market
Amidst COVID-19, need to maintain cleanliness and hygiene at every level to contain the spread of coronavirus is providing stimulus to the disinfectant spray market. Government guidelines in several countries to disinfect surfaces at regular intervals to prevent the virus from spreading has led to vast uptick in demand for disinfectant sprays. This includes use of disinfectant spray at domestic level, hospitals, medical institutions, and commercial establishments.
To serve the ever-increasing demand, manufacturers of disinfectant sprays have ramped up production. Hospitals and medical institutions need to adhere to strict guidelines of sanitizing surfaces, floor, doors, and windows and other places of contact several times in a day that carry high risk of spread of the virus. This has opened vast opportunities in the disinfectant sprays market. Various types of surface disinfectant sprays have gained traction among general populace, in the backdrop of the COVID 19 pandemic and the morbidity it has caused to healthcare systems around the world. Their use has risen substantially in recent months in residential as well as commercial establishments. On the other hospitals have bolstered the application of disinfectant sprays for disinfecting medical devices and equipment has gathered traction in the disinfectant sprays market.
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Chemical manufacturers in the disinfectant sprays are coming out with different formulations and concentrations to meet the needs of various end users. Key end-use industries include residential, non-residential, health clinics, hospitals, industrial, and commercial spaces. Major distribution channels comprise B2B and B2C, where the latter notably includes retail stores, hypermarkets and supermarkets, e-commerce, and convenience stores.
Expanding Product line to amplify revenue for Key Players
Rapid rise in demand for disinfectant sprays due to the pandemic has led to the entry of new players in the disinfectant sprays market. Several manufacturers of cleaning supplies are expanding their product line to include disinfectant sprays. Such initiatives are helping to bridge the demand supply gap for disinfectant spray amidst explosion of demand for disinfectant sprays. This, in turn, is amplifying the growth of disinfectant sprays market. Recent COVID 19 pandemic endowed sizable revenue streams for manufacturers. A growing number of manufacturers of disinfectant products are resorting to constant promotions and advertisement in expanding general consumer awareness in developing world. Most players in the disinfectant sprays market has realigned their marketing strategies to gain steady shares. They are also adopting innovative pricing strategies to reap maximum gains in the COVID times.
The disinfectant sprays market is largely fragmented with numerous small and large players in the fray. Expansion of production facilities and prospect of synergies with competitors for mutual gains is the focus of large players in the disinfectant sprays market. Small players, on the other hand, are vying to expand their distribution channels to increase their consumer base.
Key Players Analysis:
Some prominent players in the disinfectant sprays market include 3M Company, Kimberly Clark Corporation, Henkel Corporation, Procter and Gamble Company, Unilever, Johnson & Johnson, DuPont, and Reckitt Benckiser Group plc.
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