The global Hand sanitizer market size is expected to grow from USD 6.6 billion in 2020 to USD 7.2 billion in 2026, with varying yearly growth and a 1.37 percent CAGR.
Hand sanitizers are becoming a popular alternative to soap for hand cleaning, owing to their rapid wash time and availability in various forms and containers.
Companies claim that their hand sanitizers destroy 99.9% of germs in seconds. This drastically reduces the likelihood of infectious illnesses spreading throughout the population. During pandemic conditions, such as COVID-19, hand sanitizer is particularly noticeable, supporting the government’s goal of preventing the virus or bacterium from spreading further.
Major Trends, Drivers, and Obstacles
Eco-friendly products are being marketed: plant-based, unscented, 100 percent pure, Vegan, Sulfate-Free, Paraben-Free, and Cruelty-Free, skin-soothing aloe vera hydrating hyaluronic acid combination products, fragrance-free, non-sticky and non-drying, free of toxins, triclosan, and blended with whole essential oils.
Asia Pacific markets offer significant opportunities due to low manufacturing costs, a wide range of product availability, growing health consciousness, demand for specialised care, and the substantial impact in COVID in densely populated areas and government support and endorsement from government support global health organisations.
Package innovations: To meet the needs of a wide range of customers and applications, businesses are turning to new packaging designs in various sizes, shapes, and forms.
Environmental Impact: Sanitizers include triclosan compounds, which can harm the environment, and it also has a significant unfavourable influence on people’s immune systems.
Information about the Leading Segments
The gel-based formulation category accounts for the bulk of market share due to millennials’ growing popularity, which has raised a demand for gel-based sanitizers since they are easy to apply and give excellent protection.
The United States dominates the North American hand sanitizer industry because of its high affordability, medical awareness, and vast population base.
Consumers have made sanitizer a regular part of their regimen and prefer cleanliness activities.
Furthermore, industrial firms make significant investments in marketing and promotion.
Companies Examined
The Colgate-Palmolive Company
Banister Reckitt
The Procter & Gamble Corporation
3M Company Unilever PLC
Segmentation
Hand Sanitizer Market Segmentation
Gel-based
Liquid-based
Foam
Other
The market for Hand Sanitizers by Ingredient
based on alcohol
based on non-alcohol
The market for Hand Sanitizers by Distribution Channel
Hypermarkets and supermarkets
Specialty Retailer
Pharmacies, Online, Other, Market for Hand Sanitizers by Region.
America, North (USA, Canada, Mexico)
Europe (European Union) (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia-Pacific region (China, India, Japan, South Korea, Australia, Rest of APAC)
Africa and the Middle East (Saudi Arabia, South Africa, Rest of MEA)
Central and South America (Brazil, Argentina, Chile, Rest of SCA)
Research Scope
The report, ‘2021 Hand Sanitizer Market – Size, Share, COVID Impact Analysis, and Forecast to 2027,’ includes growth forecasts in the Hand Sanitizer Market for firms operating across various kinds, applications, and end-user verticals between 2021 and 2027.
The study considers both short-term and long-term factors impacting the market environment. The research also includes market drivers, limitations, and prospective opportunities.
The study considers both short-term and long-term factors impacting the market environment. The research also includes market drivers, limitations, and prospective opportunities.
Based on average Hand Sanitizer pricing and sales/revenue models of leading businesses operating in the Hand Sanitizer Industry, the Hand Sanitizer Market study calculates the 2020 market value. The report projects the market size for various types of Hand Sanitizer through 2027 and the respective market share and growth rates.
Over the projection period, the report covers technical advances and the possible change in demand among various Hand Sanitiser Market items. The top five firms in the Hand Sanitizer Industry are included, along with their goods, essential strategies, and comparisons.
The Hand Sanitizer Market size, share, and the prognosis is provided at the geographic levels of North America, Asia Pacific, Europe, Middle East Africa, South and Central America. Furthermore, the value of the Hand Sanitizer Market at the country level is presented.
The study covers all current Hand Sanitiser Industry changes, including mergers, acquisitions, contract awards, licences, product launches, and expansion plans.
• Base Year- 2020; Forecast Period: 2021-2027 • Publication Frequency- Every six months • Research Methodology- For market sizing, data triangulation with top-down and bottom-up approaches is employed.
• Global Hand Sanitizer Industry Size, 2020-2027 • Market Trends, Drivers, Restrictions, and Opportunities
• Porter’s Five Forces Model
• Hand Sanitizer Types Market Size, 2020-2027 • Hand Sanitizer Applications and End-User Verticals Market Size, 2020-2027
• Hand Sanitizer Market Size by Country, 2020-2027 • 5 Industry Leaders-Overview, Key Strategies, Financials, and Products
• The most recent market news and happenings
