Market Research Future (MRFR) claims that the global market for biocides is expected to achieve outstanding CAGR during the forecast period (2022-2030). The increased use of biocides in all industrial sectors for disinfection purposes is likely to favor market growth. Biocides can be defined as chemicals used primarily to kill organisms and harmful microorganisms and to control the growth of bacteria and fungi. Biocides are used extensively in industries such as drinking water and wastewater treatment, healthcare and consumer goods. They are classified into preservatives, disinfectants, pesticides and insecticides.
Market potential and pitfalls
The increasing use of biocides and their products in several industries for disinfection purposes triggers the demand for biocides worldwide. The increasing demand for clean water for industrial and domestic purposes and the increasing use of biocidal products as disinfectants and antifouling agents have created tremendous opportunities for the market to expand worldwide. The application of biocides in the F&B sector to disinfect equipment, pipes and surfaces that are in close contact with the packaging and manufacturing processes has contributed to the market growth. With the increasing focus on hygiene and clean water as well as strict government regulations, the biocide market should gain momentum. Industrial preservation accounts for a large proportion of biocides. The increasing emphasis on improving workplace hygiene and production processes along with improving economic conditions are some of the other important factors that have heavily impacted the market throughout the assessment period. Additionally, the recovery in construction activity, particularly in APAC and the North American regions, has supported market growth.
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