Overview and Scope
Hand sanitizers refer to substances or liquids used for cleaning objects to get rid of harmful microorganisms, including bacteria. These are products that combine disinfectant and detergent and are used to remove dirt, reduce, or kill bacteria, and dissolve grease from the surface by at least 99.9%.
Sizing and Forecast
The hand sanitizers market size has grown rapidly in recent years. It will grow from $4.04 billion in 2023 to $4.45 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to infectious disease outbreaks, healthcare settings, food industry, public awareness.
The hand sanitizers market size is expected to see rapid growth in the next few years. It will grow to $7.11 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to ongoing health concerns, consumer hygiene practices, travel and hospitality, green and sustainable products. Major trends in the forecast period include antimicrobial resistance (amr), customized hand sanitizers, touchless dispensing, natural and organic hand sanitizers.
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Segmentation & Regional Insights
The hand sanitizers market covered in this report is segmented –
1) By Type: Quartenary Ammonium Compounds Based, Alcohol Based, Tridosan Based, Other Types
2) By Product: Gel, Foam, Liquid, Other Products
3) By Distribution Channel: Online Store, Pharmacy Store, Departmental Store, Other Distribution Channels
4) By End User: Hospitals, Restaurants, Schools, Household Purpose, Other End Users
Asia-Pacific was the largest region in the hand sanitizers market in 2023. North America was the second-largest region in the global hand sanitizers market. The regions covered in the hand sanitizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The coronavirus outbreak was a major driver for the growth of the sanitizer market during the period. Hygiene is an important part of staying safe from the protection of coronavirus and staying healthy. Therefore, the demand for sanitizers has grown tremendously post the COVID-19 outbreak globally since the outbreak of the virus in China as sanitizers are effective against coronavirus. The Centers for Disease Control (CDC) recommends the use of alcohol-based hand sanitizers with greater than 60% ethanol or 70% isopropanol as the preferred form of hand hygiene in healthcare settings. According to the U.S. Food and Drug Administration, more than 1,500 additional manufacturers have registered with the agency to meet the increased demand for hand sanitizers. Hence, the COVID-19 outbreak coupled with growing concerns for hygiene is anticipated to escalate the demand for sanitizers during the year 2020 and in years to come.
Key Industry Players
Major companies operating in the hand sanitizers market include Reckitt Benckiser Group, The Himalaya Drug Company, Procter and Gamble, Gojo Industry Inc., Henkel Corporation, Unilever, Vi-Jon Laboratories Inc., Chattem Inc., Best Sanitizers Inc., Kutol Products Company, Skinvisible Inc., Nice-Pak Products Inc., Lion Corporation, Medline Industries Inc., Magica, Inc., Clear-San Pro, Dana Medco, The Betty Mills Company (BettyMills.com), NBGS USA, C&L Supply Company, Inc., Lancaster Packaging, Ryan Herco Flow Solutions, Himalaya Wellness Company, Environmental Science Hygiene Ltd, Best Sanitizers, Saraya Co., Clorox Company, Ecolab Inc., SC Johnson & Son, Inc., Best hand sanitizers, Inc., 3M Company, Vi-Jon Inc., Deb Group Ltd., Zoono Group Limited, 4E Brands North America LLC, The Clorox Company, The Procter & Gamble Company
The hand sanitizers market report table of contents includes:
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