Hand Sanitizer Market Size – USD 2.87 billion in 2019, Market Growth – CAGR of 11.3%, Market Trends – Growing demand for sanitization amid COVID-19 pandemic
The global Hand Sanitizer market is expected to reach USD 7.32 Billion by 2027, according to a new report by Reports and Data. The growing demand for hand sanitizers is owing to its benefits in decreasing the transmission of gastrointestinal and respiratory infectious diseases, as well as it possesses constituents that prevent skin dryness and irritation as compared to hand-washing. Studies have found that the use of hand sanitizers in classrooms may lessen student absenteeism by around 20.0% owing to illness. Further, growing awareness about hand hygiene to check the spread infections contracted in hospitals is driving the market demand.
COVID-19 Impact
The outbreak of COVID-19 pandemic has resulted in a spiraling increase in the sales of hand sanitizers. The demand for the product has increased to such an extent that supermarkets and pharmaceutical stores have limited the number an individual can buy at a time. Alcohol-based hand sanitizers are an effective measure in combatting the spread of the disease as alcohol attacks and destroys the protein envelope that surrounds coronaviruses. CDC (Center for Disease Control & Prevention) suggests the usage of alcohol-based hand sanitizers with over 60.0% ethanol or 70.0% isopropanol as the desired form of hand hygiene in healthcare settings, on the basis of greater access to hand sanitizer. Besides, CDC recommends that healthcare service providers who apply alcohol-based hand sanitizers may update patients that they are doing this in accordance with CDC guidelines.
The prices of hand sanitizers have witnessed a surge in price by retailers across several international markets, due to the swelling demand resulting from the COVID-19 pandemic. The virus having originated in China has spread to over 60 nations. The sales of hand sanitizer in the U.K. observed a year-on-year rise of over 250.0% in February. Moreover, witnessing a huge gap in the demand-supply gap, players in the market deploying their manufacturing proficiency and amenities to increase the production of the product to aid in mitigating the supply shortage.
In March 2020, Dow Europe and Ineous, leading polymer manufacturers, are using the already available raw materials and deploying it to produce sanitizers and thereby addressing the shortfall.
In March 2019, the Government of India declared hand sanitizers, among other products under essential commodities, and has fixed the prices of such items.
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For the purpose of this report, Reports and Data have segmented the global hand sanitizer market on the basis of type, form, application, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Form Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hand-sanitizer-market
Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Hand Sanitizer Segmentation & Impact Analysis 4.1. Hand Sanitizer Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Changing lifestyle trends and growing awareness about hygiene 4.2.2.2. Growing demand for sanitization amid COVID-19 pandemic 4.2.2.3. Increase in the level of disposable income 4.2.3. Market restraints analysis 4.2.3.1. Health concerns pertaining to the presence of chemicals in the product 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis 4.9. Customer Mapping 4.10. Covid-19 Impact Analysis 4.11. Global Recession Influence Chapter 5. Hand Sanitizer Market Type Insights & Trends 5.1. Type dynamics & Market Share, 2020 & 2027 5.2. Alcohol-Based Hand Sanitizer 5.2.1. Market estimates and forecast, 2017 – 2027 (USD Million) 5.2.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) 5.3. Alcohol-Free Hand Sanitizer 5.3.1. Market estimates and forecast, 2017 – 2027 (USD Million) 5.3.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) Chapter 6. Hand Sanitizer Market By Form Insights & Trends 6.1. Form Dynamics & Market Share, 2020 & 2027 6.2. Gel Hand Sanitizer 6.2.1. Market estimates and forecast, 2017 – 2027 (USD Million) 6.2.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) 6.3. Liquid Hand Sanitizer 6.3.1. Market estimates and forecast, 2017 – 2027 (USD Million) 6.3.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) 6.4. Foam Hand Sanitizer 6.4.1. Market estimates and forecast, 2017 – 2027 (USD Million) 6.4.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) 6.5. Others 6.5.1. Market estimates and forecast, 2017 – 2027 (USD Million) 6.5.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) Chapter 7. Hand Sanitizer Market By Application Insights & Trends 7.1. Application Dynamics & Market Share, 2020 & 2027 7.2. Hospitals & Clinics 7.2.1. Market estimates and forecast, 2017 – 2027 (USD Million) 7.2.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) 7.3. Hotels & Restaurants 7.3.1. Market estimates and forecast, 2017 – 2027 (USD Million) 7.3.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million) 7.4. Household Purposes 7.4.1. Market estimates and forecast, 2017 – 2027 (USD Million) 7.4.2. Market estimates and forecast, by region, 2017 – 2027 (USD Million)
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Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Customer Mapping
9.7. Vendor Landscape
Chapter 10. Company Profiles
10.1. Procter & Gamble
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. GOJO Industries Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Unilever Group
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Reckitt Benckiser Group PLC
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Henkel AG & Company
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
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