Hand–Sanitizer Market Size, Competitive Analysis, Forecast-2027
Global Hand Sanitizer Market Size By Product [Foam, Gel, Spray, Others], By Distribution Channel [Departmental Store, Online Store, Pharmacy Store, Others], By End-user [Restaurants, Hospitals, Schools, Household, Others], By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027
Global Hand Sanitizer Market is expected to reach around US$ 3 Billion by 2027 due to increasing health concerns. Growing awareness of hygiene among consumers and the spread of new dangerous viruses and diseases are driving the growth of the Hand Sanitizers market globally. Therefore consumer’s inclination towards health and awareness, improvement in the standard of living, rising awareness about hand hygiene are the key factors creating demand for the hand sanitizer market globally.
The recent pandemic of COVID -19 has caused worldwide supply shortages of hand sanitizers due to sudden surge of demand by general public. As Hand sanitizers are seen as the best way to prevent infections, governments across the world are easing permissions to ramp up the production. The pandemic has increased the awareness of hygiene standards among consumers which is a major factor driving the growth of the market. Therefore, consumer’s inclination towards health and awareness, spread of new dangerous viruses and diseases, improvement in the standard of living, rising awareness about hand hygiene are the key factors creating demand for the hand sanitizer market globally.
Hand Sanitizers are antiseptic solutions which are used as an alternative to soap and water. It is primarily used to prevent transmission of infection through hands. Hand sanitizers are highly effective in killing germs and microorganisms. The active component in the hand sanitizers is alcohol.
Global Hand Sanitizer Market can be segmented into Product, Distribution Channel, End User, and Region.
By Product, Global Hand Sanitizer Market can be segmented into Foam, Gel, Spray, Others. The gel-based hand sanitizer segment holds the largest market share as it is effective and takes less time to eradicate germs. Foam based hand sanitizer segment is expected to grow significantly during the forecasted period of 2020-27 as it is more convenient to use than other types.
By Distribution Channel, Global Hand Sanitizer Market can be segmented into Departmental Store, Online Store, Pharmacy Store, Others. The Departmental store segment holds the largest market share owing to a large distribution chain and attractive discounts offered by vendors. The online segment is expected to grow significantly in the coming years due to increasing e-commerce websites and rapid internet penetration.
By End-user, Global Hand Sanitizer Market can be segmented into Restaurants, Hospitals, Schools, Household, Others. The hospitals segment accounts for the largest market share as a large number of hand sanitizers are used by Doctors, Patients and staffs in hospitals to prevent infections.
By Region, Global Hand Sanitizer Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regionally, North America Hand Sanitizer Market dominates the global market due to the high hygienic standards of the population in the US.
Asia Pacific Hand Sanitizer Market is expected to grow significantly during the forecasted period of 2020-27 due to increasing health and hygiene awareness among people. Moreover, improving per capita income and standards of living is expected to contribute to the growth of the Hand Sanitizer Market in this region.
The key players in the global hand sanitizer market are The Himalaya Drug Company, Reckitt Benckiser Group, Procter and Gamble, Henkel Corporation, Gojo Industry Inc., Unilever, Chattem Inc., Vi-Jon Laboratories Inc., Best Sanitizers Inc., and Kutol Products Company.
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the global hand sanitizer market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
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