Hand sanitizer is often used to kill many microorganisms, bacteria, or viruses on the hands. It is widely used to kill infection-causing microorganisms, bacteria or viruses that can threaten the immune system if not adequately managed. Soap and water help remove all types of germs from hands, while hand sanitizer acts by killing certain germs from the hands. Hand sanitizers kill pathogens & diminishes transmission of germs also from one person to another. Moreover, hand sanitizers are a lot easier to carry and dispense on the go because it’s easier to squeeze a gel from the bottle without spilling it everywhere. The use of hand sanitizer can also help fight against the Novel Coronavirus (COVID-19).
Market Dynamics:
Increase in demand for hand sanitizers across the globe due to the outbreak of COVID-19, rise in awareness regarding sanitation and personal hygiene, and favorable government initiatives are some major factors expected to aid in the growth of the global hand sanitizer market.
On March 11, 2020, the World Health Organization (WHO) declared the outbreak of COVID-19 (novel coronavirus) a global pandemic. As the coronavirus outbreak spread, sales of hand sanitizer began to increase. Moreover, health agencies, like WHO and CDC, advised people to use hand sanitizer to fight against COVID-19.
With the outbreak of COVID-19, the sales of hand sanitizers swelled across every region in the world. During the pandemic, the Center (Central Government of India) in coordination with the States (State Government of India) allowed distilleries and manufacturers to produce hand sanitizers to meet its growing demand. As of March 2020, about 45 distilleries and 564 other manufacturers have been granted permission to produce hand sanitizers.
Key features of the study:
- This report provides in-depth analysis of the global hand sanitizer market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the hand sanitizer market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Vi-Jon Inc., Henkel AG & Co. KgaA, Edgewell Personal Care, Himalaya Global Holdings Ltd., GOJO Industries Inc., L Brands Inc., Unilever PLC, Reckitt Benckiser Group PLC, 3M Company, Colgate-Palmolive Company, among others.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global hand sanitizer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hand sanitizer market.
Detailed Segmentation:
- Global Hand Sanitizer Market By Product Type:
-
- Gel/Liquid
- Spray
- Foam
- Sanitizing Wipes
- Global Hand Sanitizer Market By Distribution Channel:
- Hypermarkets/Supermarkets
- Convenience Stores
- Pharmaceutical Stores
- E-commerce
- Other Distribution Channels
- Global Hand Sanitizer Market By Geography:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- South America
- Company Profiles:
- Vi-Jon Inc.
- Henkel AG & Co. KgaA
- Edgewell Personal Care
- Himalaya Global Holdings Ltd.
- GOJO Industries Inc.
- L Brands Inc.
- Unilever PLC
- Reckitt Benckiser Group PLC
- 3M Company
- Colgate-Palmolive Company