Hand Sanitizer Market to Outshine with High Growth; to Cross USD 10.4 BN by 2026
Posted On April 20, 2020
The report by Value Market Research on the Global Hand Sanitizer Market anticipates the market growth to reach CAGR of 20.00% during 2020-2026. The market was valued close to USD 2.9 BN in 2019 and is expected to reach USD 10.4 BN by 2026.The rising inclination of consumers towards health & wellness and certain advancements like added fragrances are projected to boost product penetration in the market. Furthermore, expansion in living standards, increase in spending capacities of people among underdeveloped, emerging, and developed nations, and hygiene and sanitation initiatives supported by the WHO and other bodies augment the demand for hand sanitizers. The global pandemic outbreak due to coronavirus-borne disease COVID-19, the hand sanitizer market is foreseen to corroborate certain disruptions (panic buying, price hike, and shortage) owing to surged demands. This may act as a challenge for the market, on the other poses’ lucrative prospects for the manufacturers. The safety concerns such as flammable, skin irritation and poisonous if swallowed are key factors anticipated to cut-down the market growth.
Hand sanitizer refers to liquid, gel or foam-based agents used for decreasing infectious agents on hands. In a healthcare setting, alcohol-based hand sanitizers are preferred to hand wash with soap and water in most situations. The alcohol-based formulations bode well against a wide variety of microorganisms but not spores. Based-on end-use, this formulation type is used in hospitals, clinics, restaurants, schools, and other areas.
The geographical and segmentation study covered in the report "Global Hand Sanitizer Market Report By Product (Gel, Foam, Spray, and Others), By Distribution Channel (Online Store, Departmental Store, Pharmacy Store, and Others), By End Use (Restaurants, Schools, Hospitals, Household Purpose, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" helps in understanding the upcoming trends of the market. The contents of the report talks about historic data along with throwing light on the future opportunities of the hand sanitizer market.
By product the hand sanitizer market is divided into gel, foam, spray, and others. On the basis of distribution channel the hand sanitizer market is divided into online store, departmental store, pharmacy store, and others. By end use the hand sanitizer market is divided into restaurants, schools, hospitals, household purpose, and others.
The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Hand Sanitizer Market -
By Distribution Channel
- Online Store
- Departmental Store
- Pharmacy Store
By End Use
- Household Purpose
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Reckitt Benckiser Group, The Himalaya Drug Company, Procter and Gamble, Gojo Industry Inc., Henkel Corporation.
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