Hand Sanitizer Market 2019 Growth Analysis, Opportunities, Figures with Sweeping Sales
Hand sanitizer is a liquid that is used to decrease infectious agents present on the hands and palm.
Hand sanitizer is a liquid that is used to decrease infectious agents present on the hands and palm. Different forms of hand sanitizers are available in the market, including foam sanitizers, gel sanitizers, wipes, and spray sanitizers. Both the alcohol-based and non-alcoholic hand sanitizers are offered by most of the market players. These sanitizers kill 99.9% of most common germs and keep the hands clean.
The global hand sanitizer market is accounted to US$ 2,421.1 Mn in 2018 and is expected to grow at a CAGR of 40.0% during the forecast period 2019 – 2027, to account to 39,223.1 Mn by 2027.
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The Asia-Pacific is the fastest-growing region in the global hand sanitizer market. The monetary prosperity among the populace, improving living standards, higher disposable income, and developing interest in health and wellbeing has been the main elements driving the hand sanitizer market growth. The rising incidences of communicable and infectious diseases, the recent example is the outbreak of coronavirus has increased the usage of hand sanitizers in this region. Alcohol-based hand sanitizers are the main sanitizers utilized today, particularly in the healthcare facilities. Ceaseless help and reinforcement crusades from associations, for example, the CDC, FDA, and WHO, about the need for hand sanitation further add to the market potential. Nonetheless, the developing worries over flammability, danger, and the adverse impact of alcohol-based products with respect to the skin have added to the interest for non-alcoholic hand sanitizers. The rising impact of social media and online commercials has presented individuals with the ongoing patterns of trends of personal care and hygiene, which is quickening the utilization of hand sanitizers among customers. All these facts have propelled the growth of the hand sanitizer market in the APAC region.
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.
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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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