The Global Hand Sanitizer Market to depict Revenue Growth of $2893.8 Million by 2028

As per a Triton Market Research report, the global hand sanitizer market, which accounted for $1110.3 million in 2018, is set to grow at a CAGR of 10.07% by the year 2028.

A recent study by Triton Market Research titled 'Global Hand Sanitizer Market,' covers the Global Analysis and Forecasts by Product (Liquid, Spray, Gel-based, Foam-based, Hand Wipes), End-user (Healthcare, Hospitality, Retail, Residential, Government & Military, Corporate, Education), Distribution Channel (Online, Drug Stores, Department Stores & Discounters, Supermarket & Hypermarket, Other Distribution Channel), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

People have traditionally been using soap and water to wash hands. However, hand sanitizers have gained immense popularity over recent years. A hand sanitizer is a cleansing agent applied on to hands to wipe out microbes and other infectious agents on the skin. It is available in the form of gel, liquid, sprays, wipes, and foam. Hand sanitizers, today, have become synonymous with hand hygiene. In fact, they are increasingly being considered a better option to washing hands with soap and water. A sanitizer solution is primarily made of ethyl alcohol, along with other chemicals. Alcohol-based hand sanitizers have shown to be more effective in killing germs and preventing infections than those hand sanitizers with low or zero alcohol content.

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The report estimates that the global hand sanitizer market would chart a CAGR of 10.07% during the period 2019-2028, generating a revenue of $2893.8 million by 2028. The adoption of new formulations of hand sanitizers and the growing public cognizance regarding the adoption of hand hygiene practices are driving the growth of the hand sanitizer market. However, the side-effects resulting due to the use of hand sanitizers and the hidden toxicants contained in these products are impeding the growth of this market.

Based on products, the market is divided into liquid, spray, gel-based, foam-based, and hand wipes. And on the basis of end-user, it is segregated into healthcare, hospitality, retail, residential, government & military, corporate, and education. According to distribution channel, the market is classified into online, drug stores, department stores & discounters, supermarket & hypermarket, and other distribution channels.

North America is speculated to be the largest market during the forecasting period, holding the largest share of the hand sanitizer market by 2028. The growth in this region is attributable to the growing public awareness regarding the importance of maintaining hygiene. Hand sanitizers have witnessed an increased demand in North America from both, the residential as well as the commercial sector. Owing to their ease of use, hand sanitizer sprays are increasingly preferred by the public. Moreover, with the rising adoption of organic personal care products in recent years has generated the demand for organic hand sanitizers in the market.

Hello Bello (Walmart), Unilever, GOJO Industries Inc, Elyptol Australia Inc, EO Products, 3M, Cleenol Group Ltd, Procter & Gamble, Reckitt Benckiser Group plc, The Clorox Company, The Caldrea Company, Vi-Jon, CleanWell, The Honest Company Inc, and Jao Brand are the renowned companies operating in the hand sanitizer market.

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Question & Answer: Hand Sanitizer Market

Question 1: What factors are driving the growth of the hand sanitizer market?
Answer: The adoption of new formulations of hand sanitizers and the growing public cognizance regarding the adoption of hand hygiene practices are driving the growth of the hand sanitizer market.

Question 2: What factors are impeding the growth of the hand sanitizer market?
Answer: The side-effects resulting due to the use of hand sanitizers and the hidden toxicants contained in these products are impeding the growth of this market.

Question 3: Which region is expected to lead the hand sanitizer market?
Answer: North America is speculated to be the largest market during the forecasting period, holding the largest share of the hand sanitizer market by 2028. The growth in this region is attributable to the growing public awareness regarding the importance of maintaining hygiene. Hand sanitizers have witnessed an increased demand in North America from both, the residential as well as the commercial sector. Owing to their ease of use, hand sanitizer sprays are increasingly preferred by the public. Moreover, with the rising adoption of organic personal care products in recent years has generated the demand for organic hand sanitizers in the market.

Question 4: Which are the renowned companies operating in the hand sanitizer market?
Answer: Hello Bello (Walmart), Unilever, GOJO Industries Inc, Elyptol Australia Inc, EO Products, 3M, Cleenol Group Ltd, Procter & Gamble, Reckitt Benckiser Group plc, The Clorox Company, The Caldrea Company, Vi-Jon, CleanWell, The Honest Company Inc, and Jao Brand are the renowned companies operating in the hand sanitizer market.

Related Report:
Global Cleanroom Technology Market

The global cleanroom technology market is set to show substantial revenue growth over the forecasting years 2019-2027, generating $6164 million by 2027, while growing a CAGR of 6.12%.

The increased demand for cleanroom technology and the growing concern about the quality and safety of the products are the primary forces driving the growth of this market. Several countries have made it mandatory to use cleanroom technology in the healthcare sector. This is because it is imperative to maintain the safety of the workers in this field, and cannot be compromised, even in dire economic situations.

Besides, companies have been increasingly working towards ensuring the safety and enhancing the quality of their products, so as to maintain their brand reputation. Any contamination taking place during the manufacturing of products can hamper their quality and even render them useless. Therefore, manufacturers have been increasingly adopting this technology. The adoption of cleanrooms also helps them save on their material and labor costs, owing to which, there has been an increased adoption rate of cleanrooms.

Moreover, stringent regulatory standards and technological advancements also help in augmenting the market growth. Also, energy-efficient cleanroom products and services show immense growth scope in the future and the development in emerging regions presents vast opportunities for the cleanroom technology market growth.

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