April 4, 2020
Hand Sanitizer Market

Hand Sanitizer Market Shows A Significant Growth To USD 2900 Billion Mark By 2025

The global market for hand sanitizers is projected to reach more than US$ 2,900 million by 2025, increasing to CAGR by 12.9 per cent from 2017 to 2025.

Market Insights

On the basis of the product type, the global market for hand sanitizers is segmented into gel, foam, spray, liquid, others (hand wipe sanitizing, etc.). Among these, the gel segment accounted for the largest segment in terms of value and accounted for more than 35% of the global market share in 2016. Based on end-use, the market for hand sanitizers is categorized into hospitals, hotels and restaurants, home use and others (corporate, school, etc.). In 2016, the hospital segment accounted for the largest segment of hand sanitizers as hand sanitizers used by physicians, patients and also staff and visitors to prevent the spread of contagious diseases.

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The market for hand sanitizers can be segmented on the basis of sales channels such as department stores, supermarkets and hypermarkets, convenience stores, e-tailers and retail pharmacies. In 2016, the supermarket and hypermarket segment accounted for the largest share of revenue in the global market for hand sanitizers by sales channel. Due to the shift in trends towards modern retailing by end-users.

In 2018, due to lack of hand hygiene, more than 1.4 million patients are affected by diseases in developed and developing countries. Hand sanitizer is an antiseptic liquid used to prevent the spread on hands of microorganisms and other harmful bacteria such as salmonella, clostridium, and bacillus. Hand sanitizers based on alcohol are more effective in removing microorganisms from the hands. These sanitizers do not remove oils from the skin and help with moisture retention, which in turn is anticipated to fuel the growth of the market by hand sanitizer.

Qualified pharmacists are the main manufacturers of hand sanitizers, according to the World Health Organization (WHO). Production occurs mainly in the pharmacy of hospitals and in national drug companies. As the hand sanitizer is cost-effective and hygienic, market growth is flourishing during the forecast period. Due to repeated washing of hands, the use of hand sanitizers has gained popularity, especially during travel, while soap and water dry hands. Hand sanitizers have a dynamic role to play in facilitating hand hygiene.

The market for hand sanitizers is anticipated to be driven by the introduction of new safe and sustainable products for the skin. Raising consumer awareness of the importance of hand hygiene to prevent contagious diseases through promotional campaigns and media coverage is expected to fuel the hand sanitizer market. Innovations in hand sanitizers, such as new fragrance formulations, are proving to be a new trend in the global market for hand sanitizers. The changing lifestyle of people who embrace the westernization of habits is anticipated to be a major reason for the rise in the market for sanitizers in developing countries. However, the health risks associated with hand sanitizers due to their chemical ingredients are expected to limit the market for hand sanitizers.

As per the studies, 77% of the population prefer to use a hand sanitizer, while 23% claim not to use the product. Out of 77 percent of the population in favor of sanitizer use, 37.5 percent of male users and 62.5 percent of female users are male users. In addition, with growing awareness, key manufacturers are adding to their product line in order to gain market share. For example, according to findings, 62% of the population surveyed in 2017 claims to use Dettol hand sanitizer, 21% use Lifebuoy and 17 percent use Himalaya hand sanitizer.

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Competitive Analysis Over View of Hand Sanitizer Market:
Unilever –
Unilever is a global company which sells fast-moving consumer goods. Globally, brands like Axe, Lifebuoy, Cornetto, Dove, Lipton, and others are used by 2.5 billion people every day. Its brand offers from Lifebuoy introduced a color changing hand sanitizer to make it fun for children to wash their hands. In just 10 seconds, the unique liquid hand wash changes from white to green and also provides germ protection of 99.9 percent.

Unilever has signed an agreement in India, Bangladesh and other 20 predominant Asian markets to acquire Horlicks and health food beverages from GlaxoSmithKline (GSK). The transaction consists of 82 percent stake in GSK Bangladesh Limited and other outside India business and assets.

Best Sanitizers, Inc. –
Best Sanitizers, Inc. has been providing the highest quality products to the food processing and healthcare industries since 1995. It is the first company to obtain the E3 rating for a hand sanitizer based on alcohol. It offers a variety of hand sanitizers including Aplet E3 Plus Hand Sanitizer Spray, Aplet E3 Hand Sanitizer Spray, and Smart-San Hand Sanitizer. Aplet E3 Plus Hand Sanitizer Spray kills 99,9999 percent of 26 pathogens tested in 15 seconds and is formulated with moisturizers to keep the hands healthy and soft.

Hand sanitizer is an antiseptic liquid used to prevent the spread of microorganisms and other harmful bacteria on the hands, such as salmonella, clostridium and bacillus. The factors driving the growth of the hand sanitizer market are increased use of online portals to provide homecare tips and decreasing infectious agents. Increasing use of hand sanitizer in norovirus transmission prevention is creating new revenue avenue for players operating in the hand sanitizer market.

Key Questions Answered in This Report:

What is the market breakup based on the type of product?
What is the market breakup based on the channel of distribution?
What is the break-up of the end-use market?
What are the different stages of the global hand sanitizer industry’s value chain?
What are the key drivers and challenges of the global hand sanitizer industry?
What are the key regional markets in the global hand sanitizer sector?
What is the market breakup based on the form of the product?
How has the global hand sanitizer market performed so far and how will it work in the coming years?
What is the global hand sanitizer industry structure and who are the key players?

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