Peracetic Acid Market Size

Peracetic Acid Market size was valued at USD 1.17 billion in 2024 and is expected to cross USD 3.35 billion by the end of 2037, registering more than 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of peracetic acid is estimated at USD 1.25 billion.

The growth of the market can be attributed to its various uses in the food processing and packaging industry. The chemical is used effectively for sanitizing sealing systems and containers that are used to store food before distribution. Good food packaging plays a crucial role in preventing food spoilage and in extending its shelf life, eventually reducing food wastage. It is estimated that more than 1 billion tons of food is wasted worldwide annually.

Another significant factor that is expected to lead to unprecedented growth in the market for peracetic acid is the growing demand for disinfectants following the COVID-19 pandemic. The pandemic made the use of sanitizers and disinfectants necessary to check the spread of the virus attack. SARS-CoV-2 was observed to survive in the air for more than 2 hours while it survived on cardboard surfaces for a whole day. Similarly, the persistence of the virus on plastic and stainless steel was observed to be up to 4 hours. This varying range of persistence of the virus makes it imperative to regularly disinfect hospitals and other public places to contain the pandemic effectively, and this is expected to drive market growth.