Market Size of Europe Biocides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Biocides Market Analysis
The biocides market in Europe is projected to register a CAGR of over 4.5% during the forecast period.
During the COVID-19 pandemic, the European biocides market grew significantly. The necessity for disinfectants and sanitizers to prevent virus spread has boosted the need for biocides. Biocides are projected to remain in high demand in the post-COVID-19 period as people become more conscious of the importance of hygiene and sanitation.
- Over the short term, high demand from various end-user industries such as water treatment, food and beverage, healthcare, and personal care will boost the market expansion.
- However, the government's strict rules restricting the use of biocides are anticipated to slow the market's expansion.
- Nevertheless, the need for natural, plant-derived eco-friendly biocides will fuel market expansion in the future.
- Germany is expected to dominate the market and will likely witness the highest CAGR during the forecast period.
