A Peek At The Immediate Future of the Hand Sanitizer Market

The global Hand sanitizer Market is estimated to grow at an estimated CAGR of 7.8% to reach $1,836.3million by 2023. Hand Sanitizer market is anticipated to gain highest level of profit globally by introducing of new skin safe products.

Americas held the largest market share in the Hand Sanitizer Market: Americas hold the largest market share in the Hand Sanitizer Market and is anticipated to reach $603.3 million by 2023 at a CAGR of 5.19%. However, Asia-Pacific is projected to witness the highest growth rate and is anticipated to reach $627.2 million by 2023 at a CAGR of 12.6%. Increased awareness and adoption, especially in emerging economies, and continuous product and package innovation by the market players, are the major growth factors that propel the growth of Hand Sanitizer Market globally. The key applications include healthcare, educational institutions, corporate offices, restaurants, and public organizations among others.

Selected Hand Sanitizer Market Value Chain Analysis: • Value chain for hand sanitizers has been established as an interdependent and complex network, comprising of raw material providers, product providers, contract manufacturing firms, health institutes, and distributors. • Top players follow a decentralized approach in production, having their manufacturing presence in strategically important, yet low-cost countries in each region and serve the end users through local distribution networks. This scenario also boosts the international trade of finished products. • Regulatory bodies approve active compounds, products, product extensions, package designs through a thorough analysis of their chemical and physical properties related to the safety and environmental impact while in use. In addition, they also establish and maintain regulations that provide guidelines for manufacturing, storage, and distribution of raw materials and finished products. Regulations are set to tighten in the coming years, especially related to the toxicity of the materials. • Collaborative research involving various stakeholders including health institutes is needed, which boosts innovation according to the disease outbreaks, and also the authenticity of the products. • Promotional activities play an important role in boosting the sales of the products. In addition, increasing incidents as well as awareness about flu and contagious diseases also impact the sales trend. • Market players also develop and sell dispensing systems in order to create a longer and stronger brand image, while providing the convenience of dispensation. • As packaging designs have become an important factor of differentiation, the innovation of bottles and tubes is set to intensify in the coming years.

Excerpts on Hand Sanitizer Market Growth Factors:

The market for Hand Sanitizers is driven by the growing number of infection cases acquired from hospitals. Advances in product preparations such as adding scents are offering a new opportunity in the global hand sanitizer market. Highly recommended use of hand purifiers, owing to their effectiveness in killing germs and microorganisms, is projected to drive the sale of hand sanitizing products in the market. Gels are the widely used form of hand sanitizers globally and is estimated to reach $1 billion by 2023 at a CAGR of 7.9%. North America will record the highest growth in population over 65 years of age by 2030, while the number of elderly people in Europe will grow to 29% of its total population by 2050. This will also lead to an increase in dependency of this older generation on elder care facilities, where hand sanitizer market faces increased penetration. According to WHO, the number of people who die from chronic diseases is set to rise from 40.4% of total deaths in 1990 to 66.7% of all deaths by 2020. The increasing risk of hospital-acquired infections and surgical risks due to the rise in chronic diseases has led to the growing focus on reducing the impact of these problems. This has led to increased use of hand sanitizers in order to reduce the impact in hospitals. Use of hand sanitizers to reduce water usage has been a driver for adoption by an increasingly environmentally aware populace. The rising awareness regarding the health benefits of hand hygiene of these sanitizers has also positively impacted the market. To access/purchase the full report browse the link below https://industryarc.com/Report/15570/hand-sanitizer-market.html Key players of Hand Sanitizers Market:

Key companies in hand sanitizers market held a major part of the total market share. These companies include Gojo Industries Inc.(U.S.), Proctor & Gamble (U.S.), Unilever (U.K.) and Reckitt Benckiser Plc (U.K.). Reckitt Benckiser held the major market share for hand sanitizer globally. P&G was the second most dominating company, followed by Gojo Industries Inc. Global hand sanitizer market is fragmented, with multiple regional level players as well as private label brands. Other key players in the market are Chattem, 3M Company, Best Sanitizers Inc., The Dial Corporation, Nice Pak Products Inc. Skin Visible Inc. and others. These players held a Lion’s share of the hand sanitizers market. Many local players tend to offer low priced products in order to mark their presence and compete with international players. Key players such as GOJO Industries, Inc, Reckitt Benckiser, Chattem, P&G and Unilever are launching new products, partnering with organizations to spread awareness regarding hand care, and thus, adding to the market share and driving the market. Apparently, Gojo hand sanitizers are much popular to their credit. Hand Sanitizer Market Report is segmented as indicated below.

Hand Sanitizer Market By Product Type:

  1. Foam Based
  2. Gel-Based
  3. Liquid
  4. Wipes
  5. Sprays
  6. Others • Hand Sanitizer Market By Application 1 Domestic/household 2 Healthcare 3 Educational Institutions 4 Corporate Offices 5 Restaurants 6 Public Organizations 7 Others • Hand Sanitizer Market By Type
  7. Domestic/household
  8. Healthcare
  9. Educational Institutions
  10. Corporate Offices
  11. Restaurants
  12. Public Organizations
  13. Others • Hand Sanitizer Market – By Geography (Covers 9+ Countries) • Hand Sanitizer Market By Entropy Companies Cited/Referenced/Interviewed in Hand Sanitizer Market:
  14. Henkel AG & Company, KGAA
  15. Medline Industries
  16. Kutol Products Company
  17. Nice-Pak Products, Inc.
  18. Lion Corporation
  19. Shanghai Likang Disinfectant Hi-Tech Co; Ltd
  20. Company 7
  21. Company 8
  22. Company 9
  23. Company 10+

What can you expect from the report? The Hand Sanitizers Market Report is Prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories
  2. Market trends
  3. Manufacturer Landscape
  4. Distributor Landscape
  5. Pricing Analysis
  6. Top 10 End user Analysis
  7. Product Benchmarking
  8. Product Developments
  9. Mergers & Acquisition Analysis
  10. Patent Analysis
  11. Demand Analysis (By Revenue & Volume)
  12. Country level Analysis (15+)
  13. Competitor Analysis
  14. Market Shares Analysis
  15. Value Chain Analysis
  16. Supply Chain Analysis
  17. Strategic Analysis
  18. Current & Future Market Landscape Analysis
  19. Opportunity Analysis
  20. Revenue and Volume Analysis

FAQ:

Does IndustryARC publish country, geography or application based reports in Hand Sanitizer Market?

Yes, we do have separate reports as mentioned below:

  1. Americas Market for Hand Sanitizers Share(2018-2023)
  2. Europe Market for Hand Sanitizers Growth (2018-2023)
  3. Asia-Pacific Market for Hand Sanitizers Analysis(2018-2023)
  4. RoW Market for Hand Sanitizers Forecast(2018-2023)
  5. Foam Based Market for Hand Sanitizers Insights(2018-2023)
  6. Gel-Based Market for Hand Sanitizers Value (2018-2023)
  7. Liquid Market for Hand Sanitizers (2018-2023)
  8. Wipes Market for Hand Sanitizers (2018-2023)
  9. Domestic/household Market for Hand Sanitizers (2018-2023)
  10. Healthcare Market for Hand Sanitizers (2018-2023)
  11. Educational Institutions Market for Hand Sanitizers (2018-2023)
  12. Corporate Offices Market for Hand Sanitizers (2018-2023)
  13. Restaurants Market for Hand Sanitizers (2018-2023)
  14. Public Organizations Market for Hand Sanitizers (2018-2023)
  15. Alcohol Based Market for Hand Sanitizers (2018-2023)
  16. Quaternary Ammonium Compounds Based Market for Hand Sanitizers (2018-2023)
  17. Triclosan Based Market for Hand Sanitizers (2018-2023)

Does IndustryARC customize these reports and charge additionally for limited customization? Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

  1. Increase the level of data in the application or end user industry.
  2. Increase the number of countries in geography chapter.
  3. Find out market shares for other smaller companies or companies which are of interest to you.
  4. Company profiles can be requested based on your interest.
  5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more our consulting services.

Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare

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