PUBLISHER: The Insight Partners | PRODUCT CODE: 1871500
PUBLISHER: The Insight Partners | PRODUCT CODE: 1871500
The European hydrogen peroxide market for disinfection and sterilization is projected to grow from US$ 164.98 million in 2023 to US$ 263.50 million by 2031, reflecting a compound annual growth rate (CAGR) of 6.0% during this period.
Executive Summary and Market Analysis
The demand for hydrogen peroxide in Europe is primarily fueled by the robust healthcare, food and beverage, and manufacturing sectors. Germany stands out as a key market, being the largest healthcare and life sciences hub in Europe, characterized by a high number of patients, extensive market volume, and numerous medical technology manufacturers and healthcare providers. The trend of increasing privately operated hospitals in Germany further supports the demand for hydrogen peroxide in healthcare settings. France also boasts a strong healthcare industry, hosting over 3,100 life sciences companies ranging from startups to multinational corporations, which contributes to the rising need for hydrogen peroxide in disinfection and sterilization processes.
The food and beverage sector is another significant driver of the hydrogen peroxide market. According to FoodDrinkEurope's Data & Trends 2023 report, the EU food and drink industry employs around 4.6 million people and generates a turnover of approximately US$ 1.23 trillion (€1.1 trillion), making it one of the largest manufacturing sectors in the EU. Hydrogen peroxide is widely used in this industry for disinfecting surfaces, utensils, and high-contact areas in industrial kitchens, thereby enhancing food safety and hygiene.
Market Segmentation
The European hydrogen peroxide market for disinfection and sterilization is segmented by application, which includes healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. In 2023, the healthcare sector held the largest market share, driven by the increasing need for effective disinfection solutions in medical facilities.
Market Outlook
Hydrogen peroxide serves as an eco-friendly disinfectant for various packaging materials, including cardboard and plastics, that come into direct contact with food and beverages. Its use in the food industry not only ensures hygiene but also extends the shelf life of products without the need for additional preservatives. The disinfection of aseptic packaging is achieved through immersion bath and spraying technologies. A Eurostat report from 2023 highlighted that the highest output levels for manufactured food and beverages in the EU were recorded across 12 product categories in 2022. Notably, non-processed cheese was the leading product in countries like Italy, France, Greece, and Estonia, while sausages topped production values in Poland, Austria, Romania, Slovakia, and Slovenia. The EU is recognized as the largest global exporter of food and beverages, with exports valued at US$ 167.49 billion and a trade surplus of US$ 73 billion in 2022, further driving the demand for hydrogen peroxide in food packaging applications.
Country Insights
The market for hydrogen peroxide in Europe includes countries such as Germany, France, Italy, the UK, Russia, Belgium, the Netherlands, Spain, Poland, Sweden, Denmark, and others. Germany leads the market, supported by its strong manufacturing sector and a well-established chemical industry that is the largest in Europe. The country is also a significant exporter of chemicals and has a robust research and development infrastructure. The pharmaceutical sector in Germany, valued at US$ 37.5 billion in 2021, operates under strict regulations, emphasizing the need for high-quality disinfectants like hydrogen peroxide. Additionally, the food and beverage industry in Germany generated US$ 20.7 billion in revenue in 2022, marking a 17.9% increase from the previous year, which positively influences the demand for hydrogen peroxide.
Company Profiles
Key players in the hydrogen peroxide market include Evonik Industries AG, Solvay SA, Arkema SA, Mitsubishi Gas Chemical Co Inc, Kemira Oyj, Nouryon Chemicals Holding BV, Stepan Co, Aditya Birla Chemicals India Ltd, Merck KGaA, Ecolab Inc, Taekwang Industrial Co Ltd, National Peroxide Limited, ROAM TECHNOLOGY NV, HANSOLCHEMICAL, OCI Ltd, and United Initiators GmbH. These companies are focusing on strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to consumers.