Alcohol Based Sanitizer Market Scope
Hand sanitizers combat the bacteria, viruses, and other pathogens that threaten our health. Alcohol-based products will contain one of two active ingredients like alcohol or isopropanol. Both are effective antiseptic products that kill germs and bacteria. Due to the large spread of COVID-19 all over the world the demand for Alcohol-based sanitizers increases which is boosting the market. While some of the factors like the availability of fake products under the name of alcohol-based products are hindering the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Chattem, Inc (United States), Johnson and Johnson (United States), Procter & Gamble (P&G) Company (United States), 3M Company (United States), Bath & Body Works, LLC (United States), GOJO Industries, Inc (United States), Best Sanitizers, Inc (United States), Medline Industries, Inc (United States), Kimberly-Clark Corporation (United States), Reckitt Benckiser Group Plc (United Kingdom), Unilever Plc (United Kingdom), Deb Group Ltd (United Kingdom) and Henkel Group (Germany) |
CAGR | % |
Alcohol Based Sanitizer is highly competitive with the presence of several regional and international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Alcohol Based Sanitizer market throughout the predicted period.
Chattem, Inc (United States), Johnson and Johnson (United States), Procter & Gamble (P&G) Company (United States), 3M Company (United States), Bath & Body Works, LLC (United States), GOJO Industries, Inc (United States), Best Sanitizers, Inc (United States), Medline Industries, Inc (United States), Kimberly-Clark Corporation (United States), Reckitt Benckiser Group Plc (United Kingdom), Unilever Plc (United Kingdom), Deb Group Ltd (United Kingdom) and Henkel Group (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Deb Group (United States), Skinvisible, Inc. (United States), The Clorox Company (United States) and Vi-Jon Laboratories, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Alcohol Based Sanitizer market by Type and Region with country level break-up.
On the basis of geography, the market of Alcohol Based Sanitizer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In May 2020, GOJO, Alcohol-Based Hand Sanitizer Formulation Matters for Safety and Efficacy. hand sanitizer and the category leader in this space, recognize how critical proper formulation and manufacturing are to safety and efficacy of these products.
In March 2020, P & G innovation contributes hand sanitizer to battle covid 19. Hand sanitizer is essential in the fight against COVID-19. P&G is leveraging people, talents and resources to serve the growing need around the world.
Influencing Trend:
Rising Support from Organizations such as FDA and WHO towards the Need for Sanitation
Market Growth Drivers:
Consumer Inclination towards Health & Wellness and Taking extra Precautions with Infectious Diseases, Change in Lifestyle and an Increase in Health Expenditure and Increasing Usages for Eliminating Microorganisms
Challenges:
Intense Competition Among the Key Manufacturer and Availability of Fake Products under the Name of Alcohol-based
Restraints:
Health Hazardous Associated with Hand Sanitizer As it Contains Chemical Ingredients
Opportunities:
Increase in Popularity of Online Shopping and Changing Climate and Rising Number of Diseases due to Uncleanliness
Key Target Audience
Alcohol-Based Sanitizer Manufacturer, Raw Material Supplier, Association & Government Bodies, Potential Investors, Research laboratories, Research Companies and Others