Iodophor Disinfectants Market Size & Share by Grade (Pharmaceutical, Industrial); End-Use (Medical, Food & Beverage, Household Disinfectant, Agriculture) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5791
  • Published Date: Mar 01, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Iodophor Disinfectants Market size is expected to reach USD 5 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of iodophor disinfectants was over USD 2 Billion. Food and beverage companies are being asked to put in place strict sanitation protocols as consumers become more concerned about food safety and hygiene. The use of Iodophor Disinfectants is in line with these consumer expectations for safe and hygienic food manufacturing. Iodophors can be used in food processing plants for disinfection and hygiene, as they are highly effective at combating a broad range of microbiological organisms such as bacteria, viruses, or fungi. Therefore, the expansion of the food processing industry is accelerating the growth of the market. For instance, by 2025, the size of the global packaged food market is expected to reach USD 3,03 trillion.

In addition, Iodophor Disinfectants have been widely used for different applications due to their wide spectrum of activity and ease of application. These disinfectants are ready for use, which means they can be mixed with predilute solutions without the need to mix or measure again. Iodophors are convenient for both household and commercial use because of their availability.


Iodophor Disinfectants Market
Get more information on this report: Request Free Sample PDF

Iodophor Disinfectants Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Concerns for Clean and Sanitized Environment in the Industrial Sector - In industrial settings, the market is driven by a variety of applications. Industry leaders including BASF SE and Aditya Birla Chemicals are offering Iodophor formulations that can be used in a variety of industries such as food processing, industrial wastewater treatment, medical, or manufacturing. For instance, through a series of webinars, BASF presents a variety of novel catalysts that will be showcased at the upcoming European Petrochemical Associations Conference (EPCA). In the new offer, there are catalysts for the more efficient production of isopropyl alcohol (IPA), an essential component of hand sanitizers—a consumer good that was greatly needed during the COVID-19 outbreak. As demonstrated by the widespread use of iodophor-based disinfectants in industrial facilities, this is a driver of the flexibility and effectiveness of iodophor-based disinfectants in different sectors. The demand for Iodophor Disinfectants is expected to remain robust as the industry focuses on hygiene and sanitation.
  • Increased Application of Disinfectants in Residential Setting - The increasing awareness of iodophor-based household disinfection products is driving the market. In response to the increasing need for safe and effective disinfectants, various key players have introduced iodophor formulations that are appropriate for use at home. This driver is in line with consumers' increasing desire for iodophor-based household disinfectants, which shows that they are concerned about keeping their homes clean. According to forecasts, the value of disinfectant sales in the United Kingdom (UK) in 2022 was USD 219.41 million. Between 2010 and 2022, sales value increased in the UK. Therefore, an increasing demand among health and cleanliness-conscious homes for iodophor-based disinfectants results, in a growing factor in the market
  •  Growing Research and Development Activities for the Innovation of the Product – The purpose of research and development is to create sophisticated Iodophor Disinfectants compositions that are more effective against a wider range of diseases, including viruses and bacteria that are resistant to antibiotics. Research on eco-friendly Iodophor Disinfectants is also being driven by growing concerns about the sustainability of the environment. For better coverage and adherence to surfaces, manufacturers are investing in R&D to introduce new methods of application, such as foam-based Iodophor Disinfectants. To ensure user and environmental safety, companies can concentrate on delivering Iodophor Disinfectants that are in line with relevant legal standards and security guidelines.

Challenges

  • Increased Strict Regulations Regarding Various Iodine-based Formulations - Regulatory obstacles for some iodine-based formulations are a noteworthy restraint on the iodophor disinfectants market, despite its encouraging trajectory. Regulatory bodies setting limitations on the amount of iodine allowed in disinfection products serve as an example of this. Businesses are actively conducting R&D to meet regulatory requirements, but the shifting regulatory environment may impede the growth of the market.
  • Growing Competition from Alternatives such as Chlorine-based or Alcohol-based Products may Hinder the Market Growth
  • Safety Concerns Regarding the Use of the Disinfectant may Impede the market from Growing

Iodophor Disinfectants Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 6%

Base Year Market Size (2023)

 ~ USD 2 Billion

Forecast Year Market Size (2036)

 ~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Iodophor Disinfectants Segmentation

Grade (Pharmaceutical, Industrial)

Industrial segment in the iodophor disinfectants market is anticipated to grow majorly with the largest share of 56% during the forecast period. This growth is due to the increased need for effective infection control and hygiene practices in several sectors. In environments where strict disinfection is required to control the contamination of microbes, Iodophor Disinfectants are designed for a large level of antibacterial efficacy and can therefore be used with particular ease. To maintain hygiene standards and prevent the spread of infections, these high levels of efficacy are relied upon by industries such as health care, food processing, agriculture, or pharmaceuticals. In addition, compared to other methods of disinfection, industrially produced disinfectants are frequently economically viable. Moreover, these disinfectants have a longer shelf life and can be kept on hand for industries without worrying about product degradation or expiration. Therefore, all these factors contribute to the growth of the industrial-grade segment.

End-use (Medical, Food & Beverage, Household Disinfectant, Agriculture)

Household disinfectant segment for the Iodophor disinfectants market is poised to hold a significant share of 43% during the projected period. The demand for effective disinfection solutions in households is driven by health and safety concerns, particularly due to the emergence of infectious diseases and antimicrobial resistance. As per a report, all-purpose cleaner/disinfectant had the largest multi-outlet sales of any household cleaner product in the United States for the 52 weeks that concluded on September 10, 2023, with sales of over 1.7 billion dollars. To prevent the spread of disease between family members, consumers proactively clean and disinfect surfaces that are often touched. In addition, the growth of this category is driven by changes in lifestyle and consumer behaviour which include increased time spent at home as well as a focus on hygiene and sanitation around living areas. In addition, it makes it easier for consumers to access and buy these products for household use through the availability of different products in retail outlets and online marketplaces. The growth of the household disinfectant segment is thus enhanced by these factors.

Our in-depth analysis of the global iodophor disinfectants market includes the following segments:

          Grade

  • Pharmaceutical
  • Industrial

          End-User

  • Medical
  • Food & Beverage
  • Household Disinfectant
  • Agriculture

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Iodophor Disinfectants Industry - Regional Synopsis

North American Market Forecast

North America iodophor disinfectants market is anticipated to hold the largest share of 37% during the foreseen period. The market is growing in the region because people are more conscious of the need to control infections. The need for Iodophor Disinfectants in the region may be fueled by factors such as the rise in medical tourism and the significance of food safety. Also, to evaluate food safety, North America has a strong, well-established infrastructure and regulatory framework. The substantial proportion of responders who chose North America indicates their belief that the region will remain at the forefront of developments in food safety testing.

European Market Statistics

Iodophor disinfectants market in Europe region is expected to hold a share of 26% by the end of 2036. Demand in the region is probably going to be driven by rising healthcare expenditures and knowledge of infection control in healthcare settings. For instance, spending on "social protection" was the greatest category of general government spending in the EU in 2021, with "health" spending coming in second. In the EU, general governments spent a total of USD 1277.06 billion, or 8.1% of GDP, on "health" in 2021. Moreover, the widespread use of Iodophor Disinfectants is facilitated by the constantly expanding stringent hygiene regulations and sophisticated healthcare systems.

Research Nester
Iodophor Disinfectants Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Iodophor Disinfectants Landscape

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Virox Technologies Inc.,
    • Arkema Group
    • Aditya Birla Chemical Inc.
    • Novo Nordisk
    • Thermo Fisher Scientific
    • Zen Chemicals
    • National Chemicals Inc.
    • Nice Chemicals
    • Dubi Chem

In-the-news

In The News

  • October 2023 - BASF will showcase its most recent solutions for the home care, industrial & institutional (I&I) cleaning, and personal care markets at the SEPAWA Congress in Berlin, which takes place from October 25 to 27. These deals are a part of the division's cross-business, all-encompassing Care Chemicals Initiative Care 360° - Solutions for Sustainable Life, which covers sustainability, digitalization, innovation, and new cooperative approaches, among other topics that will affect the future of major markets and industries.
  • November 2023 - To bring its newest patented disinfectant technology, Citr-IQTM, to the healthcare industry and other sectors, Virox Technologies Inc., a leading innovator of patented, sustainable disinfectant chemistries, today announces that it has finalized multi-year licensing and supply agreements with Diversey, A Solenis Company. Diversey, a top supplier of technology, hygiene, and cleaning and infection prevention solutions, will expand its professional product line with several disinfection products that utilize Virox's Citr-IQ technology.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5791
  • Published Date: Mar 01, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing Concerns for a Clean and Sanitized Environment in the Industrial Sector, Increased Application of Disinfectants in Residential Settings, and Growing Research and Development Activities for the Innovation of the Product are the major factors driving the growth of the Iodophor Disinfectants market.

The market size of Iodophor Disinfectants is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are BASF SE, Virox Technologies Inc., Arkema Group, Aditya Birla Chemical Inc., Novo Nordisk, Thermo Fisher Scientific, Zen Chemicals, National Chemicals Inc., Nice Chemicals, Dubi Chem, and others.

The industrial segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Iodophor Disinfectants Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying