Coronavirus-affected cases are increasing exponentially across the globe due to which hospitals are getting flooded with coronavirus-afflicted patients. This has led to an imminent risk of spread of the virus within hospital facilities as novel coronavirus can transmit via a metal surface which has been contaminated.

This necessitates disinfection of surroundings and equipment used in the hospital. Further, governments have also introduced guidelines regarding the schedule and method of disinfecting public hospitals. As a result demand for disinfecting wipes for hospital equipment has increased exponentially.

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Nearly one-third of the market is held by North America, which is anticipated to rise significantly throughout the forecast period. Rising infection rates and greater than average spending on disinfectants are to blame for the increase in demand for disinfecting wipes in North America.

Currently, North America has the highest number of COVID-19 cases, and that number is projected to rise. The gap between supply and demand for disinfecting wipes is anticipated to narrow due to the existence of numerous industry leaders in the area. Demand in North America is anticipated to increase 1.2 times over 2019 in 2020.

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Disinfecting Wipes Market to Remain Consolidated, despite Emerging Domestic Players

Disinfecting wipes market is consolidated with top players accounting for nearly 40% of the sales revenue. The market is expected to remain consolidated, even with new players entering the market. The existing players like The Clorox Company, Johnson & Johnson, and Kimberly-Clark Corporation have been expanding their manufacturing capacities in the recent past. Owing to these efforts by existing players to increase production, disinfecting wipes market is expected to observe notable growth during the forecast period.

Key Takeaways of Disinfecting Wipes Market

• Collectively, North America & Europe are contributing to more than 60% of the total value in global disinfecting wipes market, owing to soaring infection rates amid COVID-19 outbreak
• By the end of assessment period, consumer wipes segment will cater to more than 3/5th of the market sales.
• Drylaid structured wipes are currently leading in the market with around 40% revenue share, while Airlaid structured wipes are witnessing growth of 2.1X which is more than the global average
• Surge in demand for disposable wipes is expected due to the COVID-19 pandemic, with personal, clinical and commercial usage portraying a significant increase during forecast.
• Overall, the disinfecting wipes market is likely to create an absolute value opportunity of more than US$685 Million during the forecast period, adding 2X times more value in 2029 as compared to 2019

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Disinfecting Wipes Market: Segmentation

FactMR's study has done the segmentation of disinfecting wipes market on the basis of product, Use Case, Application, Structure & Material across the six regions.

By Product

• Biodegradable
• Non-Biodegradable

By Use Case

• Disposable
• Reusable

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