Biocides Industry Size, Trends, and Business Outlook Report 2030
The global biocides market was valued at USD 8.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. This growth is primarily fueled by the increasing demand for biocides in consumer products, including cleaning solutions, cosmetics, disinfectants, wipes, toothpaste, and laundry detergents. In addition to these applications, biocides are widely used in preservatives, insecticides, antiseptics, fungicides, and herbicides, contributing to the market's expansion. One of the key applications of biocides is in the disinfection of food containers, surfaces, and pipes used in food logistics, which has driven increased consumption. Multinational corporations are focusing on expanding their product portfolios through innovation, particularly in minimizing the hazards associated with biocides. Additionally, there is a growing preference for natural biocides, which is expected to further drive the use of these products in...