At 5.1% CAGR, the North America Hydrogen Peroxide for Disinfection and Sterilization Market is Projected to be Worth US$ 289.37 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the North America hydrogen peroxide for disinfection and sterilization market was valued at US$ 193.64 million in 2023 and is expected to reach US$ 289.37 million by 2031, registering a CAGR of 5.1% from 2023 to 2031. Rising requirement in food packaging applications and growing demand for water and wastewater treatment are among the critical factors attributed to the North America hydrogen peroxide for disinfection and sterilization market expansion.

Hydrogen peroxide is used as a disinfectant for cardboard, polyethylene, and polyethylene terephthalate packaging in direct contact with food and beverages. It is an environment-friendly disinfection product suited for application in the food industry. Filling the beverages in the beverage cartons disinfected with hydrogen peroxide offers extended shelf life to the unrefrigerated product without the need for additional preservatives. For carton packaging, the disinfection of aseptic packaging is achieved using hydrogen peroxide with two application systems: immersion bath technology and spraying technology. In the food industry, hydrogen peroxide is used in clean-in-place and food contact surface cleaning. For instance, the value of processed food exports from the US reached a record US$ 13.9 billion in 2021, up 11% from the previous year. With exports totaling US$ 5.2 billion, or 38% of all processed food exports from the US, Canada continues to be the largest market. With a value of US$ 1.8 billion, Mexico is the second-largest market. In 2021, it experienced the highest year-over-year value growth, rising by US$ 416 million or 30%. The US showed a high consumption rate of processed or canned food as those are tasty, time-saving, and convenient products. Thus, the rising demand for hydrogen peroxide in food packaging applications fuels the hydrogen peroxide for disinfection and sterilization market growth.

On the contrary, fluctuation in hydrogen peroxide prices hampers the growth of North America hydrogen peroxide for disinfection and sterilization market.

Based on application, the North America Hydrogen peroxide for disinfection and sterilization market is segmented into healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. The healthcare segment held 34.1% share of the North America hydrogen peroxide for disinfection and sterilization market in 2023, amassing US$ 65.97 million. It is projected to garner US$ 106.06 million by 2031 to expand at 6.1% CAGR during 2023-2031.

Based on country, the North America hydrogen peroxide for disinfection and sterilization market is segmented into the US, Canada, and Mexico. The US held 81.3% share of North America hydrogen peroxide for disinfection and sterilization market in 2023, amassing US$ 157.43 million. It is projected to garner US$ 239.04 million by 2031 to expand at 5.4% CAGR during 2023-2031.

Key players operating in the hydrogen peroxide for disinfection and sterilization market are 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, among others.

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