The antibacterial products global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Antibacterial Products Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The antibacterial products market size has grown strongly in recent years. It will grow from $42.45 billion in 2023 to $44.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased awareness of hygiene, improvements in healthcare infrastructure, regulatory support, changing consumer behavior and preferences, increased travel.
The antibacterial products market size is expected to see strong growth in the next few years. It will grow to $56.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising infectious diseases, rising demand for personal care products, aging population, rise in e-commerce and online sales, emerging markets. Major trends in the forecast period include use of nanotechnology, natural and organic products, antibacterial fabrics, ai and machine learning, collaborative research and development.
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Scope Of Antibacterial Products Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Antibacterial Products Market Overview
Market Drivers –
The increasing demand for germ protection products is expected to propel the growth of the antibacterial products market going forward. Germ protection goods refer to goods that generally contain active substances that help to minimize and prevent bacterial infections, such as triclosan hand sanitizers, disinfectants, and other bacterial resistance medications. These germ protection products come under the category of antibacterial products, which help in controlling skin infections. For instance, according to the press information bureau, an India-based government agency, due to the COVID pandemic, in India, 50,000 Liters of hand sanitizers and disinfectants were produced in the laboratories of CSIR (Council of Scientific and Industrial Research) and distributed to more than 1,00,000 people belonging to various sections of society. In addition, hand sanitizer sales in Italy increased by 1,807%, while sales in the United States increased by 1,400%. Therefore, the rising demand for germ-protection products is driving the growth of the antibacterial products market.
Market Trends –
New product innovations have emerged as the key trend gaining popularity in the antibacterial products market. Major companies operating in the antibacterial products sector are focused on introducing new products to sustain their position in the market. For instance, in March 2021, ITC, an India-based manufacturer of fast-moving consumer goods (FMCG) and sanitary products, launched Savlon moisturizing sanitizer, which contains a unique formulation of five moisturizing ingredients. This product is non-drying and non-sticky. This product helps to kill 99.9% of germs without using soap or water. Using five types of moisturizers helps to keep the skin dry, gentle, and smooth. This was the first sanitizer that contained moisturizers in it.
The antibacterial products market covered in this report is segmented –
1) By Product: Body Wash, Body Moisturizer, Hand Cream and Lotion, Hand Soaps, Hand Sanitizers, Facial Cleansers, Facial Mask
2) By Form: Bar, Powder, Liquid
3) By Distribution Channel: Hypermarkets and Supermarkets, Pharmacy and Drug Stores, Specialty Stores, Online, Other Distribution Channels
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Regional Insights –
Asia-Pacific was the largest region in the antibacterial products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the antibacterial products market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the antibacterial products market include Reckitt Benckiser Group PLC, Unilever plc, Gojo Industries Inc., Himalaya Drug Company Pvt Ltd, Sebapharma GmbH & Co. KG, Bielenda Pioneered, Colgate-Palmolive Co., Henkel Corporation, Johnson & Johnson, Farouk Systems Inc., Rockline Industries, Tufco LP, Guardpack, Nice-Pak Products Inc, Usp Life Sciences, Betco Corporation, Carroll Company, Xttrium Laboratories, Kutol Products Company, Whiteley Corporation, CarrollCLEAN, Elyptol, Deb Group Ltd., Eka Chemicals AB, Christeyns, Saraya Co. Ltd., Ruhof Corporation, Microban International, Decon Labs, Metrex Research
Table of Contents
1. Executive Summary
2. Antibacterial Products Market Report Structure
3. Antibacterial Products Market Trends And Strategies
4. Antibacterial Products Market – Macro Economic Scenario
5. Antibacterial Products Market Size And Growth
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27. Antibacterial Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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