Hand Sanitizers Market Outlook
According to IndustyARC market research report, the global hand sanitizer market size ranges from $1,350 million to $1,400 million as of 2018. And the market is expected to show a considerate growth at CAGR ranging through 6.5% to 7.5% during the forecast period of 2019 to 2025. The North American region grabs the largest market among all the regions with a market share of 33% to 35% till the year 2018. Hand sanitizers have a wide range of applications in various end-user industries. However, the healthcare industry is the most demanding sector for this product, with steadily growing CAGR of 6.5% to 7% during the aforementioned forecast period. The report is titled ”Hand Sanitizer Market: By Product form (Foam sanitizer, Gel sanitizer, Wipes sanitizer, Spray sanitizer); By Type (Alcoholic, Quaternary Ammonia, Iodine, Triclosan);By Distribution channels (Departmental stores, Online stores, Pharmacies and others ); By End user industry (Hospitals, Restaurants, Educational institutions and others) & Geographic Analysis - Forecast (2018-2023).”
According to the Centers for Disease Control and Prevention (CDC) around 1.5 million children under the age of five die every year owing to diarrhea and pneumonia. These two diseases are the most fatal reason of deaths amongst the neonates. These contagious diseases spread because of the contaminated physical contact through the hands, regarding which the awareness has radically increased in the recent past and bolstered the hand sanitizers market.
Browse 75 Market Tables, 178 Figures spread through 145 slides and an in-depth TOC “Hand Sanitizer Market (2018 - 2023)”
Hand Sanitizers Market Competitive Landscape
Proctor & Gamble
This company, generally known as P&G, has a wide range of products catering to the healthcare sector. Alcohol-based and non-alcohol based hand sanitizers are a part of this product fleet. P&G produces gel hand sanitizers, foam-based hand sanitizer, and liquid hand sanitizer as their personal hygiene products portfolio.
Reckitt Benckiser Group
The Reckitt Benckiser Group is the producer of the most commonly used sanitizing brand popularly known as Dettol. The Dettol hand sanitizers are favored by the citizens owing to its features such as non-sticky, rinse free and the ability to kill 99.99% of germs by their hand sanitizer.
Hand Sanitizers Market Trends and Drivers
- The globally increasing disposable income among the people in both the developed and developing economy has not only increased awareness levels regarding illness that can be avoided with a little precaution, but has also multiplied the demand for products that help achieve that. The changing lifestyle of people adopting westernization, particularly in underdeveloped parts of the emerging economies, has seen change in their habits, which has fueled the demands in the hand sanitizer market.
- The increasing awareness among the consumers towards the importance of hand hygiene, particularly since the radical dependency on social media by general masses wherein free information is available, is proving to be a major growth driver of the hand sanitizer market. Hand sanitizers are preferred by people because it sterilizes hands anywhere, anytime, and it cleanses the hand without water. The portability of the products and the ability for users to sanitize their hands at their own ease has encouraged the people to use this product.
Growing awareness regarding the prevalence of contagious diseases spreading through hands has increased in recent years, owing to social media and other factors. Hand sanitizers are an immediate antiseptic solution and an alternative to the conventional hand washing techniques using soap and water. The hand sanitizer market players offer products that are gaining uptake in recent years owing to the substantial disposable income with the consumers. Innovations regarding the flavors and packaging methods are the major competing aspects among the manufacturers.
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Hygiene Products Market: By Type (Oral Care, Hand Care, Face Care, Body Care, women Care, Baby Care, Environmental Hygiene and Others); By Distribution Channel (Hypermarkets/Supermarkets, Pharmacies, Convenience Stores, Health & Beauty Retailers and Others); By Geography - Forecast (2018-2023)
LATAM Personal Care Market: By Product (Personal Hygiene, Cosmetics); By Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, Discounters, Drug Stores, Specialty Stores, Online and Others); By Geography - Forecast(2018-2023)
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