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Global Hand Sanitizers Market
Global Hand sanitizers Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 28.9% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.
The global Hand sanitizers Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Hand sanitizers Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Hand sanitizers Market Overview:
Hand sanitizer is also called a hand rub, hand antiseptic applied on hands as a disinfectant that kills microorganisms, and bacteria alive on hands. The use of hand sanitizer is recommended when there is no availability of soap and water to wash hands. There are two types of hand sanitizers alcohol-based and alcohol-free. Alcohol-based sanitizer help in killing the bacteria and virus by denaturing the protein present in them. Ethanol, isopropanol, n-propanol are used as a base in alcohol sanitizer. And alcohol-free sanitizers are based on benzalkonium chloride or ...
... antimicrobial agent.
Global Hand sanitizers Market Dynamics:
Global Hand sanitizers Market
The global hand sanitizer market was valued at USD 2700 million in the year 2019 and is estimated to reach 5500 million with a growing CAGR of 28.9% in the forecast period 2020-2026.
The demand for hand hygiene products with the global pandemic around the world has tremendously fueled the market of Hand sanitizer from the past few years. Moreover, consumers shifting trends towards convenient hygienic products to avoid contamination is boosting the market growth of hand sanitizers.
The basic advantage of hand sanitizer is that they can be used without water and soap as the application is directly on hands and this factor further hits the market of hand sanitizers. As per the research studies, hand sanitizer is preferred by 77% of the population and 23% of the population is unknown to hand sanitizer.
Further, digital advertisement and social media platforms have effectively motivated the market. Hand sanitizers are widely used in hospitals and surgical rooms.
The global pandemic has created huge awareness among consumers regarding hand sanitizer. As hand sanitizer is the only way to kill the coronavirus. Moreover, this pandemic has also created huge opportunities for the market player to grow and boost supply due to huge demand. Further, hand sanitizers have various ingredients that reduce skin dryness and as compared to soaps and this factor drives the market growth in the forecast period.
Global Hand sanitizers Market Segment Analysis:
Gel-based hand sanitizer is dominating the Product Type segment of the Global Hand sanitizers Market:
Gel-based hand sanitizer is likely to gain more attraction in the type segment of the global hand sanitizer market. As gel-based hand sanitizers spread easily on hands and help in minimizing the presence of microorganism, less time consuming, less irritating as compare to soaps, and also improves the hand hygiene. Moreover, easy availability and convenience are motivating the market growth of hand sanitizer in the forecast period. Further, hand sanitizers are flavor-based to improve the fragrances and acceptance of hand sanitizers. The addition of various flavors also masks the odor of alcohol present in them. For instance, Himalaya wellness recently launched a new hand sanitizer available in flavors like green apple, strawberry, litchi, and orange with improved effectiveness and better performance.
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Hypermarket/Supermarket sub-segment is trending in the Distribution Channel segment of the Global Hand sanitizers Market.
Hypermarket/Supermarket sub-segment is dominating the distribution channel segment of the global hand sanitizer market. The Hypermarket/Supermarket segment accounted for 40.3% of the market share in 2019. Due to the wider availability of hand sanitizers and flawless supply chain of hand sanitizer in the market. The second dominating is an online channel and this segment accounted for 23.4% of the market share in the forecast period. The demand for the online channel is attributed to the successive digital platforms and repetitive advertisement. The online channel has also gained more attention due to COVID-19 and strict lockdowns all over the world.
Global Hand sanitizers Market
Global Hand sanitizers Market Regional Insights:
Global Hand sanitizers Market Regional Insights is segmented into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa.
North America is dominating the regional market of hand sanitizers and accounted for 34.7% of the market share in the forecast period. As the consumers in the region are highly aware of hand hygiene and the region has a mature consumer base together with high purchasing power and this factor has further boosted the market growth of hand sanitizer in the forecast period. Further, the presence of major market players in the region is fueling the market growth of hand sanitizer.
Asia Pacific is dominating the regional segment of the Hand sanitizers market in the forecast period of 2020-2026 and is estimated to grow at a CAGR of 26.7%. The growth of Asia Pacific is attributed to the rising personal care products, purchasing power with growing advances in health hygiene is fueling the market growth. Moreover, the rising disposable income of individuals and online shopping is likely to support the growth of the Asia Pacific market in the forecast period. In addition, online websites like Amazon, and Flipkart and their online delivery in the COVID-19 pandemic have further boosted the growth. Countries growing at a rapid pace are China and India due to higher contamination of COVID-19 in the region and this factor is hitting the market growth of the Hand sanitizers market in the regional market.
Global Hand sanitizers MarketThe objective of the report is to present a comprehensive analysis of the global Hand sanitizers Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
For More Information Visit :https://www.maximizemarketresearch.com/market-report/global-hand-sanitizers-market/17980/
The report also helps in understanding the global Hand sanitizers Market dynamics, structure by analyzing the market segments and project the global Hand sanitizers Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Hand sanitizers Market make the report investor’s guide.
Global Hand sanitizers Market Scope: Inquire before buying
Global Hand sanitizers Market
Global Hand sanitizers Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Hand sanitizers Market Key Player
• Reckitt Benckiser Group plc
• Procter and Gamble
• The Himalaya Drug Company
• GOJO Industries, Inc.
• Henkel AG and Company
• Unilever
• Vi-Jon
• Chattem, Inc.
• Best Sanitizers, Inc.
• Kutol
• Himalaya
This Report Is Submitted By : Maximize Market Research Company
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