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The global hydrogen peroxide market size was valued at USD 1.44 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2020 to 2028. Rising demand for the product from the healthcare industry due to its antiseptic properties is projected to remain a key factor fueling the market growth. In the healthcare sector, the product is highly demanded as an antiseptic, which is traditionally utilized on skin cuts and bruises to prevent infections. It is also widely used as a mouth rinse as it has the ability to relieve mouth irritation or mucus and other oral infections. Majorly, the substance releases oxygen, which leads to foaming on the bruised and cut skin and eventually leads to effective removal of dead skin as well as keeps the wound safe from infection.