Europe Hydrogen Peroxide for Disinfection and Sterilization Market

Europe Hydrogen Peroxide for Disinfection and Sterilization Market Outlook

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 the 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.  A Eurostat report published in 2023 states that the highest level of output for manufactured food and beverages across EU member states was reported across 12 product categories in 2022. In terms of production value, nonprocessed cheese was the major product in Italy, France, Greece, and Estonia. At the same time, sausages recorded the highest production value in Poland, Austria, Romania, Slovakia, and Slovenia. Ireland and Sweden both reported the highest value for fresh or chilled cuts of beef and veal. According to the FoodDrinkEurope report published in 2022, the European Union is the world's largest exporter of food and beverages, with exports outside the EU accounting for US$ 167.49 billion and a trade surplus of US$ 73 billion in 2022. Thus, the rising demand for hydrogen peroxide in food packaging applications fuels the hydrogen peroxide for disinfection and sterilization market growth.

Europe Hydrogen Peroxide for Disinfection and Sterilization Market Country Insights

Based on country, the Europe Hydrogen peroxide for disinfection and sterilization market comprises Germany, France, Italy, the UK, Russia, Belgium, Netherlands, Spain, Poland, Sweden, Denmark, and the Rest of Europe. Germany held the largest share in 2023.

Germany has a well-established manufacturing sector. The chemical industry in Germany leads in terms of sales across Europe; the country also exports chemicals to other regions. In addition, the country has a well-developed chemical research and development infrastructure. The strong presence of the manufacturing sector in the country creates a huge demand for hydrogen peroxide for disinfecting and sterilizing a wide variety of surfaces and equipment used in the manufacturing sector. As per the European Federation of Pharmaceutical Industries and Associations, Germany is Europe's third largest pharmaceutical producer. In 2021, pharmaceutical production in the country was valued at US$ 37.5 billion. The pharmaceutical sector operates under stringent regulatory frameworks, emphasizing product quality and safety. Furthermore, according to the Federation of German Food and Drink Industries (BVE), the food and beverages industry generated a revenue of US$ 20.7 billion in 2022, which is 17.9% higher than in 2021. This is positively impacting the demand for hydrogen peroxide in the country.

Europe Hydrogen Peroxide for Disinfection and Sterilization Market Company Profiles

Some of the key players operating in the 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 among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Europe Hydrogen Peroxide for Disinfection and Sterilization Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise