Market Snapshot:
Consumer inclination toward health and wellness has increased with the rise in diseases. Washing hand repeatedly is not possible and is time-consuming, whereas, at times soap and water are not available everywhere, the hand sanitizer plays a vital role. Hand sanitizer is a liquid used to kill germs instantly, without water. It contains alcohol, such as ethyl alcohol as an active ingredient that acts as an antiseptic. It kills almost all bacteria, viruses and fungi within a few seconds. Improvement in standard of living, the rise in health expenditure and the increase in health awareness have increased the usage of hand sanitizer. The center for disease control and prevention, a federal agency in the U.S., has conducted health promotion, prevention, and preparedness for improving the overall health of the consumer. The support from WHO, FDA towards the need for sanitation has constantly increased the demand for sanitizer. CDC recommends washing hands with soap and water whenever possible because handwashing reduces the amounts of all types of germs and chemicals on hands. But if soap and water are not available, using a hand sanitizer with at least 60% alcohol can help you avoid getting sick and spreading germs to others.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
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 (U.K.), Unilever Plc (U.K.), Deb Group Ltd (U.K.) and Henkel Group (Germany) |
CAGR | 9.23% |
Segment Analysis
AMA Research have segmented the market of Global Hand Sanitizer market by Type, Application and Region. On the basis of Type, Gel hand Sanitizer are dominating the market in the year 2022
On the basis of geography, the market of Hand 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). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Innovation in Packaging and formulation and Emerging use of hand sanitizer through touch-free dispenser
Market Drivers
Cleans Hand with Instant Use killing Bacteria, Fungi and viruses, Increasing Awareness Through Media Marketing and Hygiene product supplier sells out of hand sanitizer amid coronavirus scare: Public health experts advise that cleaning your hands with either soap and water, or an alcohol-based solution, is one of the best ways to avoid infection guidance the public appears to be heeding. Consumer demand for hand sanitizers has soared 1,400%, in March 2020, according to retail industry data.
Opportunities
Vast Untapped Rural Market and Export Potential
Restraints
- Tax & Regulatory Structure
- Health Hazardous Associated with Hand Sanitizer As it Contains Chemical Ingredients
In addition to the aforementioned factor, Cleans Hand with Instant Use killing Bacteria, Fungi and viruses
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
The key Vendors profiled in the study are 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 (U.K.), Unilever Plc (U.K.), Deb Group Ltd (U.K.) and Henkel Group (Germany). A lot of United States players are profiled in the research study indicating a strong market dependence.