In New York, Market reported that the global biobased disinfectant market is expected to reach a value of $8.7 billion in 2032.
Last year, the market value had reached $4.8 billion.
According to the research, the market is forecast to grow at a compound annual growth rate (CAGR) of 7% between 2023-2032.
Biobased disinfectants represent eco-friendly alternatives that utilize renewable biomass sources such as plant materials or agricultural waste instead of traditional disinfectants reliant on petroleum-based ingredients.
“Several factors influence the growth of the Biobased Disinfectants Market. Firstly, there’s a rising awareness regarding environmental sustainability, prompting consumers and businesses to seek eco-friendly alternatives. Additionally, regulatory restrictions on chemical disinfectants drive demand for biobased solutions. The increasing preference for eco-friendly cleaning products further contributes to market expansion,” the report stated.
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Tags: biobased disinfectant
Category: Fuels
