The global hand sanitizer market has seen a surge in demand due to the ongoing COVID-19 pandemic. Hand sanitizers contain alcohol, mainly ethanol or isopropyl alcohol, and an emollient to moisturize the skin. They are effective against bacteria and viruses present on the hands and help prevent the spread of illnesses. With greater awareness about hygiene and government recommendations to use hand sanitizers regularly, the market has witnessed significant growth in sales over the past two years.
Market Dynamics:
The hand sanitizer market is driven by rising health consciousness among consumers and growing concerns regarding hygiene. The COVID-19 outbreak has boosted the demand considerably as hand sanitizers are one of the recommended personal hygiene products for prevention. Mandatory use of sanitizers in public places like malls, restaurants, workplaces, etc. has further propelled the market growth. However, availability of substitute products like antibacterial soaps poses a threat to long-term growth prospects. Nevertheless, innovations in formulations with moisturizers or advanced technologies are expanding opportunities.
Key Features of the Study:
- This report provides in-depth analysis of the global hand sanitizer market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global hand sanitizer market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 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, Edgewell Personal Care, L Brands Inc., Unilever PLC, 3M Company, and Colgate-Palmolive Company
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global hand sanitizer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hand sanitizer market
Detailed Segmentation-
- By Product Type:
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- Gel/Liquid
- Spray
- Foam
- Sanitizing Wipes
- By Distribution Channel:
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- Hypermarkets/Supermarkets
- Convenience Stores
- Pharmaceutical Stores
- E-commerce
- Other Distribution Channels
- By Region:
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- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
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- 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
- Edgewell Personal Care
- L Brands Inc.
- Unilever PLC
- 3M Company
- Colgate-Palmolive Company