Antibacterial Products Market Size in 2020 was worth US $ 27.04 Bn. at a CAGR 2.3 % and it is expected to reach US $ 31.7 Bn. in 2027.
Antibacterial Products Market Overview:The Antibacterial Products Market Size in 2020 was worth US $ 27.04 Bn. Market growth is being aided by increased demand for antibacterial goods as customers become more conscious of the importance of cleanliness. Furthermore, the rising prevalence of bacterial and viral infections such cellulitis, impetigo, and leprosy has increased consumer demand for such goods around the world. As consumers' preferences have evolved toward antibacterial skin and personal hygiene products, the COVID-19 pandemic has played a critical role in driving demand for these goods. To know about the Research Methodology :- Request Free Sample Report 2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.
COVID-19 impact on the Antibacterial Products market:In the COVID-19 pandemic, the United States was the hardest hit, with the highest number of infected people. As of May 2020, the government had spent over USD 600 million on the construction of temporary facilities for the treatment of patients. To ensure the ultimate safety of humans, touch surfaces such as beds, handles, medical devices, instruments, and protective gear were coated with antimicrobial coatings as a preventive step. Silver-based antimicrobial coatings were chosen in the medical and healthcare industries for the same reason. For example, the Axalta Coating System provided 7,000 pounds of silver-based antimicrobial coating to temporary facilities in Chicago to combat COVID 19.
Antibacterial Products Market Dynamics:The Medical & healthcare sector will lead the market growth during and post-COVID-19 pandemic: Antibacterial coatings have recently gained popularity in the medical and healthcare industries all over the world. This is mostly due to increased public awareness and government actions aimed at preventing the spread of HAIs. HAIs are the major cause of mortality and morbidity in healthcare facilities. Every year, roughly 1.7 million patients in the United States are contaminated with HAIs, according to the Office of Disease Prevention and Health Promotion. Nearly 100,000 persons die as a result of infections, while many more require medical care to recover. Several medical equipments serves as breeding grounds for bacteria, making it practically impossible to clean or disinfect them with traditional antibiotics. Several medical device makers and healthcare facilities have begun putting antibacterial coatings into their equipment as a preventive step. High cost of products and highly skilled labor requirement: Antibacterial products are more expensive than regular coating products. Consumer preferences in developing countries are mostly influenced by the product's price. In addition, the market grew rapidly due to low purchasing power, low per capita income, and limited awareness of antimicrobial coatings in developing nations compared to industrialized countries. Furthermore, the market's growth is being hampered by the need for specialized workers to apply antimicrobial coatings. Growing usage in novel applications: Several sectors, such as protective apparel, consumer goods, and electronic items, have seen considerable growth in demand for antimicrobial coatings as a result of the COVID-19 pandemic. Many established companies and startups are currently working on protective garments to combat COVID-19. • The Indian Institute of Technology (IIT) announced in April 2020 that it had created spray-based antimicrobial coatings for Personal Protective Equipment (PPE), such as face masks that will destroy over 99.9% of germs and viruses. To combat COVID-19, an IIT-Madras business designed clothes containing antibacterial substance in April 2020. Several firms, including textile, consumer goods, and electronics makers, are focusing on the development of antimicrobial products in response to the growing concern and awareness about safety and hygiene around the world. It will make it easier to adapt to shifting consumer preferences and market demand. • National Innovation Foundation scaled up and commercialized a polymer-based antimicrobial surface coating for textiles and other industrial uses developed by CIIRC-Jyothy Institute of Technology in April 2020. (NIF).
Antibacterial Products Market Segment Analysis:Based on product type, the hand soap segment is helping 35% of the share in 2020. The issuance of hand hygiene recommendations in the wake of the COVID-19 pandemic has resulted in an increase in demand for hand soaps in 2020. This has resulted in large-scale purchases of antibacterial products, such as hand soaps, providing the industry with tremendous potential opportunities. In 2020, the hand sanitizers segment had a high revenue share. The COVID-19 pandemic has fueled a surge in antibacterial product demand, which is expected to continue throughout the projection period. During the forecast period, however, the body wash segment is expected to grow at the quickest rate. Several product makers are introducing new fragrance-enhanced varieties, which is expected to promote the segment's growth. Furthermore, the segment's growth is likely to be aided by rising living standards, increased health expenditures, and increased awareness of personal cleanliness.
Antibacterial Products Market Regional Insights:The Asia Pacific region held the largest share of 46.50% in 2020. The growth of the regional market is aided by area manufacturers' enhanced product offerings in the germ protection category. Antiseptic germ-kill soaps and sanitizers are now available from local companies such as Emami Ltd., Godrej Consumer Products Ltd., and Dabur India. Increased frequency of use and awareness among consumers during the COVID-19 pandemic is driving demand for antibacterial and antiseptic products containing neem, aloe vera, and eucalyptus oil. North America is the second dominant region and it held xx% of the share in 2020. Because of the increased emphasis on personal wellness, which is driving product demand Furthermore, the region's market growth is being fueled by the existence of well-established brands and a large population of millennials, as well as Gen X and Gen Z and their willingness to spend more on antibacterial personal care products. Recent development: • In May 2020, in response to the COVID-19 pandemic, AkzoNobel re-launched the Interpon D1000 and 2000 architectural powder coatings, which now include extra antimicrobial qualities. • PPG Industries started a quick-ship programmer for their PPG SILVERSAN antibacterial powder coating, which is developed with silver ionic technology, in May 2020. The objective of the report is to present a comprehensive analysis of the global Antibacterial Products market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Antibacterial Products market dynamics, structure by analyzing the market segments and projects the global Antibacterial Products market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Antibacterial Products market make the report investor’s guide.
Antibacterial Products Market Scope: Inquire before buying
Antibacterial Products Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Antibacterial Products Market Key Players• Reckitt Benckiser Group PLC • Unilever • GOJO Industries, Inc. • The Himalaya Drug Company • Rockline Industries • Sebapharma GmbH & Co. KG • Bielenda • Tufco LP • Colgate-Palmolive Company • Henkel Corporation • Johnson & Johnson • Farouk Systems, Inc. • Guardpack • Nice-Pak Products Inc Frequently Asked Questions: 1. Which region has the largest share in Antibacterial Products Market? Ans: APAC region holds the highest share in 2020. 2. What is the growth rate of Antibacterial Products Market? Ans: The Antibacterial Products Market is growing at a CAGR of 2.3% during forecasting period 2021-2027. 3. What segments are covered in Antibacterial Products Market? Ans: Antibacterial Products Market is segmented into product type, distribution channel and region. 4. Who are the key players in Antibacterial Products Market? Ans: The important key players in the Antibacterial Products Market are - Reckitt Benckiser Group PLC, Unilever, GOJO Industries, Inc., The Himalaya Drug Company, Rockline Industries, Sebapharma GmbH & Co. KG, Bielenda, Tufco LP, Colgate-Palmolive Company, Henkel Corporation, Johnson & Johnson, Farouk Systems, Inc. 5. What is the study period of this market? Ans: The Global Antibacterial Products Market is studied from 2020 to 2027.
1. Global Antibacterial Products Market: Research Methodology 2. Global Antibacterial Products Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Antibacterial Products Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Antibacterial Products Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Antibacterial Products Market Segmentation 4.1. Global Antibacterial Products Market, by Product Type (2020-2027) • Body Wash • Body Moisturizer • Hand Cream & Lotion • Hand Soaps • Hand Sanitizers • Facial Cleansers • Facial Mask 4.2. Global Antibacterial Products Market, by Distribution channel (2020-2027) • Hypermarkets & Supermarkets • Pharmacy & Drug Stores • Specialty Stores • Online • Others 5. North America Antibacterial Products Market(2020-2027) 5.1. Global Antibacterial Products Market, by Product Type (2020-2027) • Body Wash • Body Moisturizer • Hand Cream & Lotion • Hand Soaps • Hand Sanitizers • Facial Cleansers • Facial Mask 5.2. Global Antibacterial Products Market, by Distribution channel (2020-2027) • Hypermarkets & Supermarkets • Pharmacy & Drug Stores • Specialty Stores • Online • Others 5.3. North America Antibacterial Products Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Antibacterial Products Market (2020-2027) 6.1. European Antibacterial Products Market, by Product Type (2020-2027) 6.2. European Antibacterial Products Market, by Distribution channel (2020-2027) 6.3. European Antibacterial Products Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Antibacterial Products Market (2020-2027) 7.1. Asia Pacific Antibacterial Products Market, by Product Type (2020-2027) 7.2. Asia Pacific Antibacterial Products Market, by Distribution channel (2020-2027) 7.3. Asia Pacific Antibacterial Products Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Antibacterial Products Market (2020-2027) 8.1. Middle East and Africa Antibacterial Products Market, by Product Type (2020-2027) 8.2. Middle East and Africa Antibacterial Products Market, by Distribution channel (2020-2027) 8.3. Middle East and Africa Antibacterial Products Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Antibacterial Products Market (2020-2027) 9.1. Latin America Antibacterial Products Market, by Product Type (2020-2027) 9.2. Latin America Antibacterial Products Market, by Distribution channel (2020-2027) 9.3. Latin America Antibacterial Products Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Reckitt Benckiser Group PLC 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Unilever 10.3. GOJO Industries, Inc. 10.4. The Himalaya Drug Company 10.5. Rockline Industries 10.6. Sebapharma GmbH & Co. KG 10.7. Bielenda 10.8. Tufco LP 10.9. Colgate-Palmolive Company 10.10. Henkel Corporation 10.11. Johnson & Johnson 10.12. Farouk Systems, Inc. 10.13. Guardpack 10.14. Nice-Pak Products Inc