India Commercial Sanitization Market to Witness 27% CAGR until 2025
According
to a recently released TechSci Research report, “India Commercial
Sanitization Market By Ingredient, By End Use, By Distribution Channel, By
Region, Competition, Forecast & Opportunities, 2025”, India commercial
sanitization market stood at around $ 611 million in 2019 and is
projected to grow at 27% CAGR until 2025. The
commercial sanitization market is majorly driven by increase in COVID-19 cases in the country. Moreover,
unlocking of the country’s economy, opening up of commercial spaces like malls,
offices, etc., and resumption of interstate travel are the major factors propelling demand for commercial
sanitization.
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The
commercial sanitization market is segmented based on ingredients, end use,
distribution channel, and region. Based on ingredient segmentation, the
commercial sanitization market is categorized into Ethanol, Iso Propyl Alcohol,
Sodium Hypochlorite, Chloroxylenol / Benzalkonium Chlorine and Others. Sodium
Hypochlorite grabbed the largest market share, followed by Ethanol,
Chloroxylenol / Benzalkonium Chlorine, and Iso Propyl Alcohol segments. The distribution channel of India Commercial Sanitization
market is categorized into store based and non- store based segments. The
demand for commercial sanitizers is majorly fulfilled by non-store based segment
as this segment involves bulk buying while ensuring quick availability.
In terms of region, the India commercial
sanitization market is categorized into North, West, East, and South regions. West
and North regions cumulatively accounted for around two-third of the market
share in 2019, and the dominance of the both the regions is expected to further
strengthen in the coming years. Both of these regions account for a higher number
of COVID-19 cases, which has been leading to increase in sanitizing activities
at railway stations, buses, cabs, offices and other commercial places, to stop
the spread of virus
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“India commercial sanitization market
is expected to grow at robust pace due to the rising awareness and increasing government
focus on controlling the spread of pandemic in the country. The sanitization
activity is being conducted at regular time intervals at airports, railway
stations, trains, buses, commercial buildings and other places, which is
driving the consumption of commercial sanitizers. Further, malls, offices,
production units and other buildings need to be sanitized as per government
regulations, which is also positively impacting market growth.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Commercial Sanitization Market By Ingredient, By
End Use, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2025” has evaluated the future growth potential of India commercial
sanitization market and provides statistics and information on market
structure, and future market growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities available
in India commercial sanitization market.
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