Global Hand Sanitizer Market: Snapshot
The hand sanitizer market has been estimated to grow at a CAGR of 6.8% during the forecast period from 2020 to 2030. This rapid growth in the hand sanitizer market has been owing to increasing awareness among people related to personal hygiene and sanitation.
In addition to this, the increasing importance of the hand sanitizer market product as an antiseptic solution and its use as the alternative to water and soap is also driving growth impetuses in the industry.
The product from the hand sanitizer market is used to prevent the majority of the infectious diseases, for instance, pertussis, foot, hand, and mouth diseases, meningitis, influenza, norovirus, and COVID-19.
These factors are further predicted to fuel growth avenues in the hand sanitizer market in the near future.
Increasing awareness related to hygiene and health among individuals around the world due to growing awareness about the COVID-19 impact is also driving growth avenues in the hand sanitizer market.
In the wake of the present pandemic crisis, the hand sanitizer market is likely to experience noteworthy sales avenues.
On the flip side, disruption in the supply chain and gap in the supply-demand is predicted to curtail the growth opportunities in the hand sanitizer market in the foreseeable years.
Global Hand Sanitizer Market: Overview
Globally, people are now more aware about there about various diseases and are more health conscious. Increasing awareness programs about hand sanitization by various organizations such as FDA, WHO, and others and improving living standards have increased demand for hand sanitizers. According to various researches to prevent the transmission of infection, which largely caused hand transmission has also boosted the demand hand sanitizers. Moreover, proper cleanliness of hands can reduce the chances of various diseases such as nosocomial foodborne illness and others.
The global hand sanitizer market can be categorized on the basis of distribution channel, product, end-use, and geography. Based on end –use, the market can be segmented into household purpose, schools, restaurants, hospitals, and others.
The report discusses about the various growth factors driving the global hand sanitizer market. It also presents a comprehensive overview combining both the drivers and restrains that may occur in the coming years. Apart from in-depth analysis, statistics and facts are also given in the report. Economic trends and regulatory policies are also presented in the report to give a complete picture of the global hand sanitizer market. To have a better understanding about the regional growth and existing market competition that has also been illustrated in the report.
Global Hand Sanitizer Market: Trends and Opportunities
As the global hand sanitizer market has huge growth potential, various players in the market are using new and innovative ways to increase the customer base. These players are coming with new formulations with the fragrance. This is currently the growing trend seen in this market. Changing lifestyle of the people due to westernization proper with embracement of westernization in the habits is expected to be a major reason for the rise in the hand sanitizer market in the developing countries.
Global Hand Sanitizer Market: Market Potential:
One of the most recent product launch in the market is Purell’s instant hand sanitize with aloe. This product comes in a squeeze bottle for easy use. To increase the demand, the company has introduced the product a very competitive price. The inclusion of ingredients such as aloe, etc is expected to boost popularity of the product as consumers opt for innovative products. Purell’s hand sanitizer also claims to be residue free, non-sticky, and hypoallergenic.
Vendors are further offering innovative features in the product in order to gain market traction. This is expected to be a key trend in the global hand sanitizer market in the coming years.
Global Hand Sanitizer Market: Geographic Analysis
From regional point of view, the global nutraceutical excipients market covers Latin America, the Middle East and Africa, Asia Pacific, North America, and Europe. Among these regions, North America is expected to dominate the market due to high hygiene standards followed by the population. Asia Pacific is also expected to rise at a significant rate due to increasing awareness about physical health and wellness among the people in the region.
Global Hand Sanitizer Market: Competitive Landscape
In order to understand prevailing competition in the market, the report also gives information on some of the leading players operating in the global hand sanitizer market. The report presents strengthen and weaknesses of these companies and provides information about various strategies used by these players. Developing new products, innovation, expanding business through mergers, acquisitions, and partnership are some of the key strategies used by the leading players. Moreover, information provided in this section helps in gaining competitive edge and expanding their customer base. Reckitt Benckiser Group, Henkel Corporation, Gojo Industry Inc., Vi-Jon Laboratories Inc., Unilever, Procter and Gamble, and Chattem Inc., are some the leading players functioning in the global hand sanitizer market.
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