Global Alcohol Wipes Market By Fabric Material (Natural and Synthetic), By End User (Commercial and Residential), By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Alcohol Wipes Market
Market Report Description
The Global Alcohol Wipes Market size is expected to reach $883.7 Million by 2027, rising at a market growth of 6.6% CAGR during the forecast period. Alcohol wipes consist of additives like benzalkonium chloride and Chlorhexidine that prevent the spread and growth of microbes on various types of surfaces. Additionally, these wipes are utilized to effectively sterilize touch surfaces, restaurants, home electronics, and medical facility working surfaces. In addition, alcohol wipes are effective like hand rubs for killing the disease-causing microorganisms.
There are various kinds of alcohol wipes that are available in the market based on different quantities and alcohol content. In addition, numerous manufacturers pack these alcohol wipes in plastic cylindrical containers and many manufacturers do the packaging in individual sachets to inhibit its exposure to the environment.
The demand for alcohol wipes would increase due to their multipurpose applications and the growing demand for products from the healthcare sector. The alcohol content is a common and effective solvent, which can dissolve oil, dirt, and microorganisms. These wipes are an effective disinfectant, which gets dry instantly. All these features of alcohol are projected to fuel its adoption in the manufacturing of wipes in the forthcoming years.
COVID-19 Impact Analysis
The outbreak of the global Covid-19 pandemic has majorly impacted various segments of the business domain. The imposition of lockdown and disruption in supply chains has affected various industrial verticals. Additionally, consumer discretionary spending has reduced, and there is a behavioral shift of consumers towards safer and more durable products. Additionally, by engagement campaigns, manufacturers are reinforcing their e-commerce channel and growing consumer engagement on their websites.
The pandemic is estimated to positively impact the growth of the alcohol wipes market over the forecast period. To curb the spread of COVID-19 in households and residential communities, many healthcare organizations have suggested cleaning hands and high-touch surfaces by using alcohol-based disinfectant sprays, hand sanitizers, or antibacterial wipes that include 60% or more alcohol. In addition, alcoholic sanitizer products containing 60% isopropyl or ethyl alcohol are proven to be effective against the coronavirus.
Market Growth Factors:
Increasing awareness about maintaining hygiene
There are many initiates taken by various governments to increase the awareness among people regarding maintaining basic hygiene. The outbreak of the covid-19 pandemic has created awareness among people regarding the importance of maintaining a basic hygiene level at every place so as to prevent the transmission of the global virus.
Stringent rules and regulations for sanitization in the healthcare sector
Sanitization and hygiene play an important role in healthcare facilities like clinics, hospitals, and nursing centers. In addition, there are many regulations framed by various authorities for the maintenance of cleanliness and sanitize the specific areas like ICUs as well as the premise of the medical center. Due to the high content of alcohol in alcohol wipes, they can kill all the harmful bacteria and microbes and completely clean any kind of surface.
Market Restraining Factor:
Non-disposable wipes can clog the drainage systems
The usage of non-disposable wipes can add to the total wastage or garbage of the earth and thus, contribute to the increasing environmental issues. Due to the one-time usage of these wipes, consumer throw them after using it, which can something lead to the increasing garbage on roads and dumping areas. There are many countries that have banned using these kinds of non-disposable things as it clogs the drainage system of the areas.
Fabric Material Outlook
Based on Fabric Material, the market is segmented into Natural and Synthetic. The natural fabric segment is projected to witness the fastest growth rate during the forecast period. Factor such as biodegradable and eco-friendly characteristics of the material is responsible for the growth of this segment. The shifting preference of the consumers for green products is estimated to motivate manufacturers to make environmentally friendly and biodegradable products.
End User Outlook
Based on End User, the market is segmented into Commercial and Residential. The commercial segment acquired the maximum share in the market in 2020 and would maintain this trend even during the forecast period. It is owing to the growing demand for alcohol wipes in the healthcare sector. In addition, the increased adoption of these wipes in clinics and hospitals for maintaining hygiene in critical areas like Operation Theatres (OTs) and Intensive Care Units (ICUs), which is estimated to augment the growth of the segment.
|Market size value in 2020||USD 548.1 Million|
|Market size forecast in 2027||USD 883.7 Million|
|Historical Period||2017 to 2019|
|Forecast Period||2021 to 2027|
|Revenue Growth Rate||CAGR of 6.6% from 2021 to 2027|
|Number of Pages||138|
|Number of Tables||240|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Fabric Material, End User, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific is anticipated to record the fastest growth rate during the forecast period. Factor such as the growing consumer awareness and development in the healthcare sector is responsible for the growth of this region. The rising healthcare spending in both public and private healthcare sectors is estimated to escalate the regional demand for alcohol wipes. The augmenting spending power and disposable income in emerging nations like India and China are estimated to spur regional market growth.
Free Valuable Insights: Global Alcohol Wipes Market size to reach USD 883.7 Million by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, The Clorox Company, Becton, Dickinson and Company, McKesson Corporation, Cardinal Health, Inc., Medline Industries, Inc., Moldex-Metric, Inc., Robinson Healthcare Ltd., GAMA Healthcare Ltd. and Pal International Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Fabric Material
By End User
- Personal & Household
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- The Clorox Company
- Becton, Dickinson and Company
- McKesson Corporation
- Cardinal Health, Inc.
- Medline Industries, Inc.
- Moldex-Metric, Inc.
- Robinson Healthcare Ltd.
- GAMA Healthcare Ltd.
- Pal International Ltd.
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How valuable will the alcohol wipes market be in the future?
The global alcohol wipes market size is expected to reach $883.7 Million by 2027.
What are the key driving factors and challenges in the alcohol wipes market?
Increasing awareness about maintaining hygiene are driving the market in coming years, however, Non-disposable wipes can clog the drainage systems have limited the growth of the market.
What are the major top companies in the competitive landscape?
3M Company, The Clorox Company, Becton, Dickinson and Company, McKesson Corporation, Cardinal Health, Inc., Medline Industries, Inc., Moldex-Metric, Inc., Robinson Healthcare Ltd., GAMA Healthcare Ltd. and Pal International Ltd.
Has COVID-19 impacted the alcohol wipes market?
The pandemic is estimated to positively impact the growth of the alcohol wipes market over the forecast period. Alcoholic sanitizer products containing 60% isopropyl or ethyl alcohol are proven to be effective against the coronavirus.
Which segment dominated the alcohol wipes market in 2020?
Synthetic fabric material dominated the alcohol wipes marker in 2020 by garnering the largest share and is anticipated to continue its dominance during the forecast period.
Which region is leading the market?
North America emerged as the leading region in 2020 by obtaining the largest market share and is anticipated to continue this dominance during the forecast period.