Growing adoption of hand sanitizers in across hospitals and healthcare facilities, to prevent the spread of Covid-19, is driving the growth of the global hand sanitizer market. Moreover, rising incidences of Covid-19 have led to an increase in the awareness among the consumers for adopting hygiene practices such as regularly sanitizing their hands. These factors are surging the demand for hand sanitizers at across countries.
In addition, global hand sanitizer market is primarily driven by multiple factors such as coronavirus pandemic which is leading to an increase in the hygiene concerns and the increasing efforts to create awareness about hygiene by running campaigns launched by organizations like WHO. In addition to this, the rapid rise in the number of initiatives taken by the governments, such as providing licenses to the distilleries, is pushing the manufacturers to increase the production volume of the alcohol-based hand sanitizers.
The rising disposable income, the inclination of consumers towards wellness & healthy lifestyle, and growing expenditure on health will create innumerable growth opportunities in the market over the coming years. Various global giants are widely adopting strategies and launching marketing and promotional campaigns to support the usage of hand sanitizers among their target audiences. On the other end of the spectrum, the rising awareness regarding the health issues related to the chemical ingredients used in the sanitizers is likely to hamper the growth of the market.
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Hand sanitizer acts as an alternative or supplement to washing hands with water and soap. Hand sanitizer is also referred to as a hand antiseptic agent that is applied to the hands to remove the common pathogens or microorganisms, similar to the way like the disinfectants kills the germs on the environmental surfaces. The hand sanitizers are classified into two groups depending on the type of active ingredients used, including alcohol-based or alcohol-free. The alcohol-based sanitizer comprises of 60 and 95 percent of alcohol, mostly in the form of isopropanol or n-propanol, and ethanol. The alcohol-free products are based on disinfectants such as benzalkonium chloride or antimicrobial agents.
Read Full Report Description: Hand Sanitizer Market by Product (Gel, Liquid, and Foam), By Distribution Channel (Drug Store, Hypermarket & Supermarket, Specialty Store, and Online), By Content (Alcohol-Based and Non-Alcohol Based), By Packaging Type (Dispensing Packets, Flip-Flop Bottles, Jars/Cans, and Pump Bottles), By Pack Size (Below 100 ml, 101 ml-300 ml, 301 ml -500 ml and 501 ml & Above) and By Region – Global Opportunities & Forecast, 2020-2027 https://www.gmiresearch.com/report/hand-sanitizer-market/
Based on the product, the Gel segment is expected to increase at a higher CAGR during the forecast period owing to the accelerated adoption of gel-based hand sanitizers driven by its ability to spread easily and penetrate into the skin to destroy the bacteria. In addition to this, ease to use and requirement of less time to kill the germs are some other factors driving the market growth of this segment.
Based on the distribution channel, the Online segment is anticipated to grow at a higher compound annual growth rate over the forecast period due to the increase in the sales of hand sanitizers from this distribution channel as a result of the rising impact of the marketing campaigns launched by the leading players. Moreover, the increasing penetration of the internet, flexibility to choose, the availability of various brands, and free home delivery option, will further fuel the growth of the market of this segment.
Various notable players operating in the market include Procter & Gamble, Reckitt Benckiser Group plc, Himalaya Herbal Healthcare, Best Sanitizers, Inc., Unilever, Henkel Corporation, Vi-Jon, GOJO Industries, Inc., Carroll Company, and Cossmic Products, among others.
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Based on the region, North America is anticipated to lead the market during the forecast period attributed to the increasing incidences of Covid-19, especially in the U.S. and the rising concerns of the consumers to maintain proper hygiene and health.
The global hand sanitizer market has been segmented on the basis of product, distribution channel, content, packaging type, pack size and region. Based on the product, the market is segmented into gel, liquid, and foam. Based on the distribution channel, the market is segmented into the drug store, hypermarket & supermarket, specialty store, and online. Based on the content, the market is segmented into alcohol-based and non-alcohol based. Based on alcohol-based, the market is segmented into Upto 60% Content and Above 60% Content. Based on the packaging type, the market is segmented into dispensing packets, flip-flop bottles, jars/cans, and pump bottles. Based on pack size, the market is segmented into Below 100 ml, 101 ml-300 ml, 301 ml -500 ml and 501 ml & Above.
Global Hand Sanitizer Market by Product
Global Hand Sanitizer Market by Distribution Channel
Global Hand Sanitizer Market by Content
Global Hand Sanitizer Market by Packaging Type
Global Hand Sanitizer Market by Pack Size
Global Hand Sanitizer Market by Region
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Hand Sanitizer Market Leading Players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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