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Hand Sanitizer Market will Likely to Expand at a CAGR of 40.0% during the forecast period 2019 – 2027

Hand Sanitizer Market to 2027

The global hand sanitizer market was valued at US$ 2,421.1 million in 2018 and is projected to be worth US$ 39,223.1 million by 2027, growing at a CAGR of 40.0% during the forecast period.

Hand sanitizers are extensively used by the hospitals, restaurants, educational institutions, household, shopping malls, movie theatres, among others. The growing concerns related to public health and safety has raised the demand for hand sanitizer among these users.

Thus, the expansion of above mentioned end-use industries is expected to provide new opportunities for hand sanitizer market.

Along with lifestyle and chronic diseases, cold, fever, infections are commonly spread diseases among consumers; hence people are quite a concern towards preventing the same, working population, kids, students, and other people who go out every day and get in contact with germs highly needed hand sanitizers. Frequent use of hand sanitizers prevent the germs.

The government of different countries has also taken initiatives to educate people towards leaving a hygienic lifestyle. The Clean Hands campaign by the US Centers for Disease Control and Prevention (CDC) instructs the public for hand washing and the use of sanitizing products.

Various non-government organizations are also actively working to educate people living in remote areas to maintain health and hygiene.

In addition to that, marketing and promotional activities by major manufacturers of hand sanitizers play an important role in creating awareness among consumers. Printing media and digital media are quite popular among consumers, and through various advertisements, these market players are continuously trying to create awareness among consumers and to sell more products to gain major market share.

These factors are driving the market growth for hand sanitizers.

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Some of the manufacturers are offering foam sanitizers coupled with gel sanitizers that contain vitamin E, and shea extract, which kills most of the common germs & leaves hands feeling soft & clean. The gel-based hand sanitizer, coupled with alcohol content kills most common germs that may cause illness.

Gel sanitizers have wider applications in hospitals, restaurants, educational institutions, household, shopping malls, movie theatres, and others. Hand sanitizing wipes are also known as antibacterial wipes, which are meant to kill 99 percent of germs, and most of these wipes contain alcohol.

Some of the players present in the global hand sanitizer market are Henkel AG & Company, KGAA, Reckitt Benckiser Group plc, 3M, Ecolab, GOJO Industries, Inc., Unilever plc, The Himalaya Drug Company, Godrej Industries Limited, Procter & Gamble, S.C. Johnson & Son, among others.

The hand sanitizer market based on application is segmented as hospitals, restaurants, educational institutions, household, and others. In 2018, the household segment is the fastest-growing segment in the global hand sanitizer market.

Keeping hand sanitizer around the house is a great idea to get rid of herms. Hand sanitizers are useful for both children and adults.

It is a good practice for each child to rub into her hands with sanitizer in order to eliminate or prevent the germs that could cause diseases. The hope is that this practice would keep the children, and therefore their families, healthier.

It is known that the proper hand-washing and sanitizing is important in reducing harmful bacteria and germ transmission.

Furthermore, when there is no access to soap and water or not enough time to wash thoroughly, hand sanitizer is a useful product. The use of hand sanitizing products is a habit that can help keep people all exposed to fewer germs and, therefore, may decrease our chance of illness.

For household usage, all three types of hand sanitizers, including liquids, gels, and foams are available in the market. Among alcohol-based and non-alcoholic sanitizer, alcohol-based sanitizer is quite popular among the consumers.

The global hand sanitizer market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region is expected to account for the largest share of the global hand sanitizer market in 2018, followed by Europe.

In addition the, US and Canada are the two key countries in the North America region which are expected to significantly drive the hand sanitizer market and also expected to continue its dominance in terms of CAGR throughout the forecast period from 2019 to 2027. Some of the key players in the global hand sanitizer market include Henkel AG & Company, KGAA, Unilever, The Himalayan Drug Company, Ecolab, 3M, Godrej Industries Limited, GOJO Industries, Inc., Procter & Gamble, Reckitt Benckiser Group plc. , S. C. Johnson & Son, Inc., and among others.

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The overall global hand sanitizer market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the hand sanitizer market.

Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the hand sanitizer market.

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