Hand Sanitizer Market Overviews
Hand sanitizer market is expected to grow at a CAGR of 3.3 % during the forecast period. The hand sanitizer market is expected to reach US$ 3.05 Bn. in 2023 from US$ 3.83 Bn in 2030
Hand sanitizers consist of alcohol and non-alcohol-based liquid/ gel/ foam, used to remove infection-causing microorganisms in the hands. The use of hand sanitizers protects from various diseases caused by the transmission of infection and has been one of the most widely known precautionary measures against COVID-19. There is increasing consumer consciousness worldwide towards maintaining health and wellness due to the high prevalence of infectious diseases represents one of the factors catalyzing the hand sanitizer market.
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Hand Sanitizer Market Scope and Methodology:
Increasing awareness of hand hygiene is gaining prominence on account of being a measure to restrict the occurrence of nosocomial infections. Therefore, hand hygiene forms the essential element of personal care, thereby driving the popularity of hand sanitizers and demand in the hand sanitizer market.
Hand Sanitizer Market Regional Insights
The global hand sanitizing market is divided into North America, South America, Europe, Asia Pacific, Middle East, and Africa.
North America held the largest market share of xx% in 2021. Owing to extensive infrastructural facilities and manufacturing companies, fueling the usage of hand sanitizers owing to the importance of hygiene and safety in response to COVID-19.
The Asia Pacific region has experienced the fastest growth in terms of market size during the forecast period. The Asian Pacific countries, India and China, have witnessed an eight-time increase in the purchase of self-care products in 2020 compared to 2019. Countries like Bangladesh, Japan, and India have introduced various campaigns to promote the use of Hygiene products like hand sanitizers. In 2019, China continued to be one of the fastest-growing markets in this cluster of regional markets, followed by Japan, Australia, India, and South Korea.
Hand SanitizerMarket Segmentation
By Product, Hand Sanitizer Market is segmented into Gel, Foam, Spray, and Liquid. Gel hand sanitizer is the type that is expected to hold a considerable amount of share in the market since it is easy to apply and is most effective against germs. Gel hand sanitizers accounted for the largest share of the market. Also, diverse flavors that impact the aroma propel segment expansion in the hand sanitizer market. In 2017, Himalaya Wellness, for example, introduced new hand sanitizers in fruit tastes such as strawberry, green apple, litchi, and orange.
Hand Sanitizer Market Key Players
Nice-Pak Products, Inc. (USA)
Procter & Gamble Co. (USA)
Reckitt Benckiser Group plc (UK)
SC Johnson & Son, Inc. (USA)
Deb Group Ltd. (USA)
Skinvisible, Inc. (USA)
The Clorox Company (USA)
Unilever plc (UK)
Vi-Jon Laboratories, Inc. (USA)
Zep, Inc. (USA)
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Key questions answered in the Hand Sanitizer Market are:
- What is Hand Sanitizer ?
- What was the Hand Sanitizer market size in 2023?
- What is the growth rate of the Hand Sanitizer Market?
- Which are the factors expected to drive the Hand Sanitizer market growth?
- What are the different segments of the Hand Sanitizer Market?
- What growth strategies are the players considering to increase their presence in Hand Sanitizer ?
- What are the upcoming industry applications and trends for the Hand Sanitizer Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hand Sanitizer Market?
- Who are the leading companies and what are their portfolios in Hand Sanitizer Market?
- What segments are covered in the Hand Sanitizer Market?
- Who are the key players in the Hand Sanitizer market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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