- robust growth in hard surface disinfectant wipes sales, following concerns over the risk of cross-contamination and HAIs
- continued adoption of wipes over alternative products, such as cloth rags and paper towels
- advances in product innovation, encouraging new adoptions of wipes as well as higher pricing and market value
- an aging population and increasing need for senior care
According to analyst Chad Henry, “The risk of cross-contamination and HAIs will encourage the further adoption of disinfectant wipes products over alternatives such as reusable cloth rags and paper towels.”
Compared to these alternatives, wipes are perceived as superior disinfectant products because they are designed for a single use (unlike cloth rags) and are more likely to allow disinfectants to rest on surfaces long enough to kill all germs present.
Demand for all types of wipes is forecast to expand 3.1% per year to $3.7 billion in 2023. Private-label, premiumization and diversification will impact volume and value growth in major markets, including baby wipes. Pricing increases in many markets reflect innovations in substrates and the use of natural formulations, which raise product value. Industry goals pertaining to flushability, dispersibility, sustainability, and effective disinfection will encourage product development.
More info: www.freedoniagroup.com/industry-study/wipes-3722.htm