Hand Sanitizer Market Forecast & Future Industry Trends 2028
The global Hand Sanitizer Market is predicted to reach a high CAGR during the forecast period (2021-2028).
(EMAILWIRE.COM, September 28, 2021 )
Market Overview:
Hand sanitizer is an effective disinfectant that helps to remove the microorganisms and is available in the form of gel, liquid and others. Hand sanitizer contains 80% of ethyl alcohol that provides more protection against various viruses and bacteria. Hand sanitizer also includes 70% of isopropyl alcohol that becomes more effective against virus. Hand sanitizer is also available in the form of hand wipes which contains antifungal and antibacterial properties that also helps in skin care. Rising awareness among consumers regarding the importance and significance of hand hygiene to prevent transmissible diseases is expected to boost the market growth. The portability and convenience served by hand sanitizers over handwashes are drawing a substantial consumer base, majorly augmenting the sales of gel-type sanitizers.
View full report: https://bit.ly/2Wmn8QC
Market Dynamics
Growing awareness about the personal hygiene among consumers
The rising awareness among consumers about the personal hygiene owing to rising infectious diseases is a major factor that is increasing the growth of this market. Increasing awareness towards hand hygiene is gaining prominence on account of being an important measure to restrict the occurrence of nosocomial infections. Therefore, hand hygiene forms the most important element of personal care, thereby driving the popularity of hand sanitizers. According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claim not to use the product. The 77.0% population in the favor of using hand sanitizer is comprised of 37.5% male users and 62.5% of female users. Especially after the breakdown of COVID-19, health awareness has increased and that is pushing the demand for the hand sanitizer market. This rise in importance is a change from the past. In addition, government further promotes the usage of hand care products in order to increase awareness as well as avoid health issues among consumers. For instance, the WHO and FDA have taken initiatives in order to make people aware of hand hygiene and the risks associated with not maintaining the hygiene.
Moreover, the rising influence of social media and online advertisements has exposed people to the recent trends of personal care and hygiene which is also accelerating the usage of hand sanitizers among consumers. These advertisements also allow people to get exposed to information regarding cleansers and healthy lifestyles. Key companies such as Reckitt Benckiser Group plc and Hindustan Unilever are also leading among consumers with their initiatives on spreading awareness about basic hand hygiene.
Market Segmentation
By Form
• Foam
• Gel
By Type
• Alcohol-Based Sanitizer
• Alcohol-Free Sanitizer
By End User
• Domestic/Household
• Healthcare
• Educational Institutions
• Restaurants
• Others
By Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Pharmacies/Health Stores
Download free sample: https://bit.ly/2XU8OyY
Geographical Penetration
North America is expected to dominate the global hand sanitizers market
Owing to the high awareness among consumers about hand hygiene, regulatory authorities like the FDA and WHO initiated awareness campaigns to support the usage of hand sanitizers in the North American region. Acknowledging the market potential, giant manufacturers in the United States are branching out to launch production lines for hand sanitizers to supplement their segments’ sales. The local players in the country are also introducing new products to fulfill the growing current demand, owing to the spread of COVID-19 across the region. For instance, in March 2020, the vegan beauty brand, Sparitual, pledged to produce 75% alcohol-based hand sanitizers from its Los Angeles-based factory to help fight the spread of COVID-19. Additionally, due to high price sensitivity, a large number of private-label players are introducing hand sanitizers at lower prices, thereby gaining considerable market shares. Purell is one of the leading brands holding a significant market share across the country.
On the other hand, Asia Pacific is expected to be the fastest growing region, with a CAGR of XX% during the forecast period. The growth is attributed to the growing awareness about hygiene among consumers. Therefore, innovative and different types of personal care and hygiene products are available in the market stressing on convenience factors for consumers. The increasing dominance of online shopping has reshaped the growth of the market in the region and is expected to fuel the demand for hand sanitizers in the future years. For instance, online websites such as Amazon, Flipkart, Grofers, and other such online delivery service firms are offering different types of hand hygiene products.
Competitive Landscape:
The major players in the market include Reckitt Benckiser Group, Unilever PLC, and GOJO Industries Inc., among others. There has been massive surge in the demand for hand sanitizers due to the COVID-19 pandemic.
To cater to this demand, existing companies have increased their production as well as many new companies have entered the market. Companies are focusing on expanding their production capacity and are adopting innovative technologies to meet consumer demand for hand sanitizers. For instance, in May 2020, 3M increased the production of some of their products including hand sanitizers, disinfectants, and filtration solutions to maximum capacity in order to cater the increased demand. The strategy helped the company in strengthening its market position. In April 2020, SC Johnson built a plant for manufacturing hand sanitizers for health workers. The company also planned to manufacture around 75,000 hand sanitizer bottles in this plant. This strategy enhanced the company’s revenue and attracted larger customer base. In September 2020, owing to the increasing demand for liquid hand soaps and sanitizers, Colgate-Palmolive expanded its project at Cambridge, OH production facility, Ohio. In May 2020, Unilever ANZ (Australia and New Zealand) initiated the local production of Lifebuoy sanitizers to cope with the rising demand.
Related topic's
Hand Hygiene Market, Baby Care Products Market, N95 Mask Market, Airless Packaging Market, Mouthwash Market
Market Overview:
Hand sanitizer is an effective disinfectant that helps to remove the microorganisms and is available in the form of gel, liquid and others. Hand sanitizer contains 80% of ethyl alcohol that provides more protection against various viruses and bacteria. Hand sanitizer also includes 70% of isopropyl alcohol that becomes more effective against virus. Hand sanitizer is also available in the form of hand wipes which contains antifungal and antibacterial properties that also helps in skin care. Rising awareness among consumers regarding the importance and significance of hand hygiene to prevent transmissible diseases is expected to boost the market growth. The portability and convenience served by hand sanitizers over handwashes are drawing a substantial consumer base, majorly augmenting the sales of gel-type sanitizers.
View full report: https://bit.ly/2Wmn8QC
Market Dynamics
Growing awareness about the personal hygiene among consumers
The rising awareness among consumers about the personal hygiene owing to rising infectious diseases is a major factor that is increasing the growth of this market. Increasing awareness towards hand hygiene is gaining prominence on account of being an important measure to restrict the occurrence of nosocomial infections. Therefore, hand hygiene forms the most important element of personal care, thereby driving the popularity of hand sanitizers. According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claim not to use the product. The 77.0% population in the favor of using hand sanitizer is comprised of 37.5% male users and 62.5% of female users. Especially after the breakdown of COVID-19, health awareness has increased and that is pushing the demand for the hand sanitizer market. This rise in importance is a change from the past. In addition, government further promotes the usage of hand care products in order to increase awareness as well as avoid health issues among consumers. For instance, the WHO and FDA have taken initiatives in order to make people aware of hand hygiene and the risks associated with not maintaining the hygiene.
Moreover, the rising influence of social media and online advertisements has exposed people to the recent trends of personal care and hygiene which is also accelerating the usage of hand sanitizers among consumers. These advertisements also allow people to get exposed to information regarding cleansers and healthy lifestyles. Key companies such as Reckitt Benckiser Group plc and Hindustan Unilever are also leading among consumers with their initiatives on spreading awareness about basic hand hygiene.
Market Segmentation
By Form
• Foam
• Gel
By Type
• Alcohol-Based Sanitizer
• Alcohol-Free Sanitizer
By End User
• Domestic/Household
• Healthcare
• Educational Institutions
• Restaurants
• Others
By Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Pharmacies/Health Stores
Download free sample: https://bit.ly/2XU8OyY
Geographical Penetration
North America is expected to dominate the global hand sanitizers market
Owing to the high awareness among consumers about hand hygiene, regulatory authorities like the FDA and WHO initiated awareness campaigns to support the usage of hand sanitizers in the North American region. Acknowledging the market potential, giant manufacturers in the United States are branching out to launch production lines for hand sanitizers to supplement their segments’ sales. The local players in the country are also introducing new products to fulfill the growing current demand, owing to the spread of COVID-19 across the region. For instance, in March 2020, the vegan beauty brand, Sparitual, pledged to produce 75% alcohol-based hand sanitizers from its Los Angeles-based factory to help fight the spread of COVID-19. Additionally, due to high price sensitivity, a large number of private-label players are introducing hand sanitizers at lower prices, thereby gaining considerable market shares. Purell is one of the leading brands holding a significant market share across the country.
On the other hand, Asia Pacific is expected to be the fastest growing region, with a CAGR of XX% during the forecast period. The growth is attributed to the growing awareness about hygiene among consumers. Therefore, innovative and different types of personal care and hygiene products are available in the market stressing on convenience factors for consumers. The increasing dominance of online shopping has reshaped the growth of the market in the region and is expected to fuel the demand for hand sanitizers in the future years. For instance, online websites such as Amazon, Flipkart, Grofers, and other such online delivery service firms are offering different types of hand hygiene products.
Competitive Landscape:
The major players in the market include Reckitt Benckiser Group, Unilever PLC, and GOJO Industries Inc., among others. There has been massive surge in the demand for hand sanitizers due to the COVID-19 pandemic.
To cater to this demand, existing companies have increased their production as well as many new companies have entered the market. Companies are focusing on expanding their production capacity and are adopting innovative technologies to meet consumer demand for hand sanitizers. For instance, in May 2020, 3M increased the production of some of their products including hand sanitizers, disinfectants, and filtration solutions to maximum capacity in order to cater the increased demand. The strategy helped the company in strengthening its market position. In April 2020, SC Johnson built a plant for manufacturing hand sanitizers for health workers. The company also planned to manufacture around 75,000 hand sanitizer bottles in this plant. This strategy enhanced the company’s revenue and attracted larger customer base. In September 2020, owing to the increasing demand for liquid hand soaps and sanitizers, Colgate-Palmolive expanded its project at Cambridge, OH production facility, Ohio. In May 2020, Unilever ANZ (Australia and New Zealand) initiated the local production of Lifebuoy sanitizers to cope with the rising demand.
Related topic's
Hand Hygiene Market, Baby Care Products Market, N95 Mask Market, Airless Packaging Market, Mouthwash Market
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results