The scope of our recent study on the "Hydrogen Peroxide for Disinfection and Sterilization Market Forecast to 2031 - Global and Regional Share, Trends, and Growth Opportunity Analysis - by Application" includes the factors fueling the hydrogen peroxide for disinfection and sterilization market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.
The hydrogen peroxide for disinfection and sterilization market size was valued at US$ 744.43 million in 2023 and is expected to reach US$ 1,161.45 million by 2031; it is estimated to register a CAGR of 5.7% from 2023 to 2031.
Hydrogen peroxide for disinfection and sterilization market is widespread, with the manufacturers and service providers expanding their operations across different regions to tap into emerging markets and diversify their revenue streams. Hydrogen peroxide is used in drinking water treatment and industrial effluents. An increase in environmental regulations and a transition toward sustainable environmental practices are driving the demand. Hydrogen peroxide is used for wound care, disinfection, and sterilization in the healthcare industry. The COVID-19 pandemic significantly influenced the demand for hydrogen peroxide due to its effectiveness as a disinfectant. In healthcare, it is indispensable for infection control in medical facilities and sterilization of surgical tools and medical devices.
Based on application, the market is segmented into healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. The healthcare segment held the largest share in the global hydrogen peroxide for disinfection and sterilization market in 2023 and is expected to register a higher CAGR from 2023 to 2031. Healthcare is one of the major industries that use hydrogen peroxide for disinfection and sterilization. Hydrogen peroxide finds application in wound cleaning and disinfection. In the food and beverages industry, hydrogen peroxide is used to disinfect surfaces, cutting boards, cooking utensils, and other high-touch areas in industrial kitchens. Hydrogen peroxide is a broad-spectrum disinfectant, and it is effective against a broad range of microorganisms. A high concentration of hydrogen peroxide is introduced into the water system for a short period.
The hydrogen peroxide for disinfection and sterilization market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest hydrogen peroxide for disinfection and sterilization market share in 2023. The hydrogen peroxide for disinfection and sterilization market in Asia Pacific is experiencing notable growth, driven by its effectiveness, safety, and versatility. As India continues to enhance its healthcare infrastructure, the demand for hydrogen peroxide in medical and healthcare settings has surged. Hospitals, clinics, and laboratories use hydrogen peroxide to sterilize medical instruments, surfaces, and equipment. Its broad-spectrum antimicrobial properties make it essential for preventing HAIs and maintaining high cleanliness and safety standards in medical environments. Japan's advanced healthcare infrastructure and strict hygiene standards contribute significantly to the demand for hydrogen peroxide, particularly in medical and pharmaceutical settings. Thus, the growing healthcare industries bolster the hydrogen peroxide for disinfection and sterilization market growth.
The hydrogen peroxide for disinfection and sterilization market is mainly driven by the strong presence of healthcare, food & beverages, and other manufacturing industries in Europe. Germany is one of the major markets in Europe. It is the largest healthcare and life sciences market in Europe. The healthcare market in Germany is leading in Europe by the number of patients, market volume, medical technology manufacturers, and healthcare providers. The share of privately operated hospitals continues to grow in Germany. Moreover, France has a robust healthcare industry. France is home to over 3,100 life sciences businesses of different sizes, ranging from startups to multinationals. Thus, the strong presence of the healthcare industry in the region drives the demand for hydrogen peroxide for disinfection and sterilization in healthcare facilities.
The chemical industry in Germany leads in terms of sales across Europe; the country also exports chemicals to other regions. In addition, the country has a well-developed chemical research and development infrastructure. The strong presence of the manufacturing sector in the country creates a huge demand for hydrogen peroxide for disinfecting and sterilizing a wide variety of surfaces and equipment used in the manufacturing sector. As per the European Federation of Pharmaceutical Industries and Associations, Germany is Europe's third largest pharmaceutical producer. In 2021, pharmaceutical production in the country was valued at US$ 37.5 billion. The pharmaceutical sector operates under stringent regulatory frameworks, emphasizing product quality and safety. Furthermore, according to the Federation of German Food and Drink Industries (BVE), the food & beverages industry generated a revenue of US$ 20.7 billion in 2022, which is 17.9% higher than in 2021. This is positively impacting the demand for hydrogen peroxide in Europe.
The report includes the segmentation of the global hydrogen peroxide for disinfection and sterilization market as follows:
The global hydrogen peroxide for disinfection and sterilization market is bifurcated based on application. Based on application, the market is categorized into healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. Hydrogen peroxide finds application in wound cleaning and disinfection. In treating wounds, low-concentration hydrogen peroxide solutions are used to kill bacteria and clean and disinfect the wound by releasing oxygen, minimizing the risk of infection. In the food and beverages industry, hydrogen peroxide is used for all aseptic technologies, such as spray, vapor, or bath processes, and as a disinfectant for cardboard, PE, and PET packaging in direct contact with food and beverages. Hydrogen peroxide is a broad-spectrum disinfectant, and it is effective against a broad range of microorganisms. A high concentration of hydrogen peroxide is introduced into the water system for a short period. Industrial cleaning is one of the major application segments for hydrogen peroxide for disinfection and sterilization-related uses. Hydrogen peroxide is used for cleaning and disinfecting a wide variety of surfaces and equipment in industrial settings.
By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific hydrogen peroxide for disinfection and sterilization market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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