UV Sterilizer Pouch Market Assures To Achieve USD 202.4 Million By 2027 | Grand View Research, Inc.

November 08 16:29 2020
UV Sterilizer Pouch Market Assures To Achieve USD 202.4 Million By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The UV sterilizer pouch market is majorly driven by the effective sterilization attributes of UV sterilizer pouch and the ability of the product to destroy over 90% of harmful contaminants in a short span of time.

According to a report, “UV Sterilizer Pouch Market Size, Share & Trends Analysis Report By End User (Commercial, Residential), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2020 – 2027”, published by Grand View Research, Inc.,The global UV sterilizer pouch market size is anticipated to reach USD 202.4 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% from 2020 to 2027. With the increasing number of COVID-19 cases, more businesses are facing the brunt of the pandemic to an extent where the industry sectors of the economy have reduced to a standstill. The outbreak has also resulted in a scenario where consumers are shifting from purchasing lifestyle needs to daily essentials, including products that ensure hygiene standards, such as UV sterilizer pouch.

Increasing number of incidences with respect to infections in hospitals and increasing instances of chronic diseases and number of surgical operations are increasing the demand for UV sterilizer pouches. Consumers are gradually shifting towards purchase of these products owing to increasing awareness pertaining to the presence of various germs, bacteria, and potential virus causing disease to humans. UV sterilizer pouches are increasingly gaining popularity owing to their non-toxic and environmental friendly nature.

Increasing adoption of this product in hospitals and clinics, corporate offices, R&D centers, malls, educational institutes among others in order to minimize the contamination by usage of daily items, such as small sized medical tools, phone, watches, ear pods, and handy instruments, is anticipated to drive the product demand post the lockdown scenario. Moreover, the residential application segment held the largest share in 2019 and is expected to witness the fastest growth in the forecast period owing to high adoption of the product among consumers to ensure maximum hygiene in their surroundings.

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U.S. UV sterilizer pouch market size

UV Sterilizer Pouch Market Report Highlights

  • The residential application segment accounted for a share of 64.0% in 2019 and is expected to witness the highest growth over the forecast period

  • The offline distribution channel held a major share of 70.0% in 2019 and is expected to maintain its lead over the forecast period

  • North America held the largest revenue share of 40.5% in 2019

Distribution Channel Insights

Offline distribution channel led the market for UV sterilizer pouch and accounted for 70.0% share of the global revenue in 2019. The ability of the offline stores to exhibit detailed analysis of the technology infused in the product to give a practical experience of the same was one of the primary factors driving the penetration of UV sterilizer pouch through physical stores. Consumers tend to purchase the handy UV sterilizer pouches from offline stores to find the right fit and understand the mechanism and functionality of the product. Moreover, many retailers in the market have sales representatives in order to offer the right product as per consumers’ needs and consumers can get the demo of the products’ working pattern.

Global UV sterilizer pouch market share 

Online channels are projected to expand at the fastest CAGR of 11.3% over the forecast period owing to the growing population and rising adoption of smart phones. Technologically advanced countries, such as U.S. and U.K., play a prominent role in the segment growth. These channels help provide the latest devices. For instance, according to Internet World Stats, Asia accounted for 50.4% of internet users in the world in 2019. In addition, the rapidly growing e-commerce industry across the globe has enabled the customers to compare products offered by different companies, thereby augmenting online sales. E-commerce portals, such as Amazon, Alibaba, Ebay, and Flipkart, offer latest products at discounted prices, along with value-added services, including easy returns and Cash-On-Delivery (COD).

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UV Sterilizer Pouch Market Segmentation

Grand View Research has segmented the global UV sterilizer pouch market by distribution channel, end user, and region:

UV Sterilizer Pouch Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)

  • Online

  • Offline

UV Sterilizer Pouch End-user Outlook (Revenue, USD Million, 2016 – 2027)

  • Residential

  • Commercial

UV Sterilizer Pouch Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

  • Middle East & Africa

List of Key Players of UV Sterilizer Pouch Market

  • Guangdong Liangyueliang Photoelectric Technology

  • Seoul Viosys

  • Shenzhen Uv Guard Technology Co. Ltd.

  • Shenzhen Pvison Technology Co. ltd

  • Shenzhen Liangzan Optoelectronic Co. Ltd.

  • ASDA Technology (Zhaoqing) Co. Ltd

  • Shenzhen UV Guard Technology Co. Ltd.

  • Shenzhen Jifushe Techonology Co. Ltd

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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