Biocides Market Size

Biocides Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for disinfectants is to grow steadily. Its value in 2024 is estimated at 9 billion and by 2032 it will be 13 billion. The CAGR for this period is 4.3%. The increased demand for disinfectants in the various sectors of health, agriculture and water treatment is a significant driver of this growth. In the industrial sector, the use of disinfectants is expected to increase as the industry places more emphasis on hygiene and safety. There are several factors contributing to the upward trend in the disinfectant market. The improvements in the formulations and the application methods increase the efficacy and the safety of the disinfectants and thus the attractiveness for the end-users. The stricter public health and safety regulations also force industries to include disinfectants in their operational procedures. In this market, the major players, such as BASF SE, The Dow Chemical Company and Lonza Group, are strengthening their positions by forming alliances and launching new products.

Regional Market Size

Regional Deep Dive

The biocides market is experiencing significant growth in all regions, driven by the growing awareness of health and safety, stringent regulatory requirements, and the increasing demand for effective antimicrobial solutions. In North America, the market is characterized by technological innovations and a strong focus on the environment. In Europe, the regulatory framework is strong and product development and market access are influenced by it. The Asian-Pacific region is experiencing rapid industrialization and urbanization, which is causing the demand for biocides to rise. Middle East and Africa (MEA) is growing because of increasing investment in public health and the construction of hospitals and clinics. Latin America is gradually introducing biocides to address the public health and agricultural challenges it faces.

North America

• The EPA has imposed stricter regulations on biocides, which has pushed manufacturers to come up with new products to meet the new regulations. It is expected that these products will be more effective and safer.
• The research and development expenditure of the leading companies, such as BASF and Dow, in the field of eco-friendly biocides, reflects the growing trend towards a more sustainable market.
• The COVID-19 pandemic had increased the demand for disinfectants and antimicrobials, leading to an increase in production capacity and the expansion of the market.

Europe

• The European Union's Biocidal Products Regulation (BPR) has established a comprehensive framework for the authorization and use of biocides, influencing the market and promoting compliance by manufacturers.
• The biocides industry has seen innovation in formulations. For example, Ecolab has developed non-toxic alternatives to the chemicals used in the past.
• A growing concern for public health and safety, mainly in response to the COVID-19 epidemic, has increased the demand for biocides in the health and hygiene industries.

Asia-Pacific

• China and India are developing rapidly, and their need for biocides for water treatment and agriculture is rising accordingly.
• China’s new legislation on the registration and evaluation of chemical products will affect the market by ensuring that biocides are used safely and promoting innovation.
• In the Middle East, key companies such as Clariant and Lonza are expanding their operations, and are concentrating on the development of biocidal solutions adapted to the needs of the local market.

MEA

• The Gulf Cooperation Council (GCC) is investing heavily in the construction and health care sectors, resulting in an increased demand for biocides in the construction and hygiene industries.
• A more cautious use of biocides is now being adopted by governments in the region. This is expected to increase the safety and credibility of the products.
• In this industry, the local companies have entered into a partnership with foreign companies to improve the quality of their products.

Latin America

• In view of the increase in mosquito-borne diseases, Latin American governments have been increasingly using biocides in their public health campaigns, especially for the control of pests.
• Agro-Chemicals: The use of biocides in agriculture is being encouraged by regulatory changes in countries such as Brazil, and this is expected to boost the growth of the agro-chemicals market.
• It is noteworthy that many of the local manufacturers are now concentrating on developing biocides to meet the particular climatic and other conditions of the area, thus enhancing their market share.

Did You Know?

“The biocides market is expected to reach over $ 12 billion by 2025, driven by the increasing demand for hygiene and sanitation products in various industries.” — Market Research Future

Segmental Market Size

The market for disinfectants is currently growing at a steady rate, driven by an increased regulatory burden and greater awareness of hygiene and safety standards. The demand for disinfectants is primarily based on the stricter microbial regulations in various industries, such as food and beverages, health care and water treatment. In addition, the growing demand for safe and effective disinfectants is putting pressure on manufacturers to improve their formulations.

The use of biocides is at the moment at a mature stage. Leading companies like BASF and Dow are active in developing and introducing new products. The most important applications are disinfection in the health sector, preservation of food and water treatment. There are two trends that have accelerated the market growth: the H1N1 pandemic, which has increased the importance of hygiene and sanitation, and the sustainable development goals, which require eco-friendly biocides. Nanotechnology and advanced formulations are the driving forces in the development of this market.

Future Outlook

Biocides Market is estimated to grow from US$9,465,363,909 in 2024 to US$13,243,977,299 by 2032, at a CAGR of 4.3%. This growth will be driven by the rising demand for biocides in various industries, such as healthcare, agriculture, and water treatment, where biocides play an important role in ensuring public safety and complying with stringent regulatory standards. According to industry forecasts, the penetration of biocides in the food and health care industries will reach 60% and 75%, respectively, by 2032.

The development of new technical developments and the influence of the political authorities on the biocidal industry will have a major influence on the biocidal market in the years to come. The development of new formulations and the development of more effective and environmentally friendly biocides are expected to improve the product performance while reducing the impact on the environment. In addition, the regulatory framework is becoming increasingly strict, which is forcing manufacturers to invest in R & D to comply with the safety standards. Emerging trends, such as the increased use of biocides and natural biocides, will gain in importance as a result of the growing demand for sustainable solutions. The market is expected to evolve with a notable shift towards biocide alternatives, which could account for up to 30% of the market by 2032.