Disinfectant sprayers are battery or electricity powered sprayers used for disinfecting surfaces. They are an efficient and easy way to sanitize surfaces without using too many disinfecting chemicals or causing harm. Disinfectant sprayers are portable, reusable and provide consistent droplets for uniform coverage over large areas.
The global disinfectant sprayers market is estimated to be valued at US$ 11182.81 Bn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The opportunity of improved hygiene standards is expected to drive the demand for disinfectant sprayers during the forecast period. Stringent regulations regarding hygiene and cleanliness in industries such as healthcare, hospitality and F&B are increasing the need for disinfecting surfaces regularly. Disinfectant sprayers provide a hassle-free way to sanitize spaces efficiently. They cover larger areas quicker than manual wiping and ensure no spot is missed. Moreover, rising health consciousness among consumers has made cleaning and disinfection of household surfaces a priority. Disinfectant sprayers allow users to sanitize keyboard, phone, doorknobs etc with ease. Their small, portable size makes cleaning on-the-go convenient. Thus, the growing emphasis on hygienic practices across sectors is expected to boost the adoption of disinfectant sprayers.
Porter's Five Forces Analysis
Threat of new entrants: The threat of new entrants in the disinfectant sprayers market is moderate as significant capital investment is needed to manufacture disinfectant sprayers. However, branding and marketing strategy plays an important role in gaining brand loyalty.
Bargaining power of buyers: The bargaining power of buyers in the disinfectant sprayers market is high as the market has numerous established manufacturers providing similar products. Buyers can negotiate on price and quality which forces manufacturers to offer competitive prices.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are a variety of suppliers for raw materials used in disinfectant sprayers such as plastic components and electronic parts. However, suppliers have low threat due to availability of substitutes.
Threat of new substitutes: The threat of new substitutes is low as disinfectant sprayers have no close substitute and offer unique functionality of spraying disinfectants effectively on surfaces.
Competitive rivalry: The competitive rivalry is high due to presence of numerous established global and regional players offering similar products. Manufacturers compete based on pricing, innovation, quality, and brand image.
SWOT Analysis
Strength: Disinfectant sprayers offer effective and convenient way of disinfecting surfaces. Growing awareness about hygiene and cleanliness boosts the demand.
Weaknesses: Dependency on raw material price volatility is a weakness. High initial investment poses challenge for new entrants.
Opportunities: Increasing outbreaks of infectious diseases and pandemic situations create growth opportunities. Realization of importance of sanitation and hygiene propels the demand.
Threats: Stringent regulations regarding product quality and safety act as a threat. Economic slowdowns affect the demand.
Key Takeaways
The global disinfectant sprayers market scope is expected to witness high growth during the forecast period of 2024 to 2031. The global disinfectant sprayers market is estimated to be valued at US$ 11182.81 Bn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024 to 2031.
North America dominates the market currently due to high awareness about hygiene and sanitation. The growth in the region is attributed to increasing prevalence of hospital acquired infections and stringent regulations regarding hygiene maintenance. Asia Pacific is projected to witness fastest growth due to improving healthcare infrastructure and expanding medical industry.
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. Key players are focusing on new product launches, collaborations and geographical expansion strategies to gain competitive advantage.
Get more insights on this topic: https://www.trendingwebwire.com/disinfectant-sprayers-market-industry-insights-trends-disinfectant-sprayers-market/
Explore more information on this topic, Please visit: https://whotimes.com/golden-crunch-symphony-crafting-harmony-in-every-spoonful-of-wholesome-granola-bliss/
