Hand Sanitizers Market to Grow at over 15% through 2025
Rising consumer
awareness towards maintaining good health and surging demand for portable
hygiene products to drive Global Hand Sanitizer market through 2025.
According to
TechSci Research report, “Global Hand
Sanitizers Market By Product Type, By Distribution Channel, By End User, By
Region, Competition, Forecast & Opportunities, 2025”, the global hand sanitizers market is projected to grow at a
CAGR of over 15% during 2020 - 2025 on account of increasing concerns about the
spread of contagious diseases, especially after coronavirus outbreak and
growing health-conscious population. Even various government initiatives to
educate about health issues are accelerating the demand for convenient hand
hygiene products, especially in the developing countries. As many brands have
forayed into the hand sanitizers market during the COVID period, owing to the
significant need for sanitization products in a short tenure, the rising
competition has led to major innovations in hand sanitizers market. A wide
variety of hand sanitizers have been crucial in attracting potential consumers,
driving the growth for Global Hand Sanitizers market.
Hand sanitizer manufacturers are also coming up with
innovative products such as addition of fragrances in formulation of sanitizers,
which is making consumers to increasingly buy and use such products. Also,
support from international organizations like WHO, FDA, and others towards promoting
the need for sanitation is boosting demand for hand sanitizers. On the basis of
product type, global hand sanitizers market is categorized into gel, liquid,
foam and spray. While gel hand sanitizers dominate the market worldwide, foam
hand sanitizers are expected to witness a rising trend as they immediately cling
to the hands while applying and are available in relatively smaller packs
compared to other types of hand sanitizers.
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Market"
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Asia-Pacific
hand sanitizers market accounted for the largest share in the global market and
is expected to maintain its dominance during the forecast period as well owing
to large population base, rapid urbanization and growing consciousness about
health and hygiene among middle-income households.
North America and Europe are also among the major markets exhibiting sturdy
growth, which can be majorly attributed to availability of a variety of
products of major market players across all distribution channels in the regions
and presence of highly aware consumer base.
The global hand sanitizers market is highly fragmented with
many regional and local manufacturers providing products at lower prices.
Companies in the hand sanitizers market are adopting multichannel sales
strategy to offer multiple touch points for consumers and also to create higher
brand awareness. Major players operating in the global hand sanitizer market include
GOJO Industries, Inc., Vi-Jon, Inc., Reckitt Benckiser Group plc., Unilever
Group, Ecolab Inc., The 3M Company, and others. Leading manufacturers are
coming up with various innovations in formulations and dispenser designs such
as touchless dispensers to attract more consumers.
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In terms of distribution channel, the hand sanitizers
market is categorized into pharmacy stores, supermarkets/hypermarkets, departmental/convenience
stores and others. Pharmacy stores along with supermarkets/hypermarkets
accounted for over two-thirds of the global hand sanitizers market revenues in
2019. “Global hand sanitizers market is
anticipated to register a steady growth over the course of next five years. Growing
occurrences of communicable diseases and rising awareness about benefits of
regular sanitization of hands are the major factors driving the global market
for hand sanitizers. Moreover, spread of COVID-19 is expected to have a huge
positive impact on hand sanitizer usage over the next couple of years.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Hand Sanitizers Market By Product Type, By Distribution Channel, By End User, By
Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future
growth potential of global hand sanitizers market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global hand sanitizers market.
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