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Anti-microbial wipes market to grow at 10% CAGR in 2020-30

04 Aug '20

2 min read

Pic: Shutterstock

The global anti-microbial wipes market is expected to witness a surge in demand, with a projected compounded annual growth rate (CAGR) of 10 per cent between 2020 and 2030, according to Future Market Insights, which said North America and Europe are expected to dominate this market over this period and South Asia emerging as a lucrative market.

The global anti-microbial wipes market is expected to surpass $7 billion by the end of 2020, it said.

Antimicrobial wipes have gained traction as an effective way of decontaminating. With governments across the world taking initiatives to spread awareness on the importance of hygiene, the demand for different kinds of sanitizers is expected to rise, the Pune-based company said in a press release.

While antimicrobial wipes are extensively used across hospitals and healthcare centres, it is also witnessing increasing demand in the household and commercial sectors.

As most anti-microbial wipes are meant for single use, it adds to carbon footprint, aggravating already pressing issues of landfill.

Hence, anti-microbial wipes made from biodegradable materials will gain brownie points since they will serve the dual purpose of decontaminating without causing harm to the nature. This is a defining trend, compelling manufacturers to expand their existing product portfolio, the company added.

Fibre2Fashion News Desk (DS)