Hand Sanitizer Market 2020: Competitive Landscape, Production, Supply & Demand, Industry Structure, Size, Share, Trends, Growth Prospects, Demand Analysis and Forecast To 2025
The hand sanitizer market is estimated to register a CAGR of 39% during the forecast period (2020-2025).
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This report presents a comprehensive overview, market shares, and growth opportunities of Hand Sanitizer market by product type, application, key manufacturers and key regions and countries.
Top Key Players in the Global Hand Sanitizer Market: Reckitt Benckiser Group PLC and Proctor & Gamble (P&G) Company.
Key Market Trends
Increased Attention toward Hand Hygiene due to Rising Coronavirus Disease (COVID-19) Cases
- The global outbreak of coronavirus, which has been declared a pandemic in March 2020 due to its rapid transmissibility, has majorly impacted consumer behavior and has led consumers to take more preventive measures regarding personal hygiene maintenance, especially hand hygiene.
- According to the WHO, the number of confirmed COVID-19 cases increased rapidly at the beginning of 2020, rising from 9,826 cases on 31st January to 462,684 cases on 26th March 2020. In addition, the increasing number of deaths caused by the virus triggered an alarming response from consumers, with increased attention regarding hand hygiene as a preventive measure from contracting the infection.
- Moreover, the usage of hand sanitizers is recommended by the World Health Organization, Centre for Disease Control and Prevention, and doctors worldwide, claiming that the use of alcohol-based hand rub is one of the most effective precautions observed against the virus. This factor is currently driving the market growth.
- As this preventive approach to the COVID-19 infection is resulting in an excess demand for hand sanitizers in the market, it, therefore, create more opportunities for prospective market entrants as well as existing market players to meet the exponentially growing demand for hand sanitizers, by expanding the production and introducing product innovations.
The report offers in-depth assessment of the growth and other aspects of the Hand Sanitizer market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America and Europe have Emerged as the most Prominent Regions
- By geography, North America and Europe claimed the highest contribution in the market in 2019, owing to high awareness existing among consumers about hand hygiene.
- However, this scenario is expected to alter in the forecast period as Asia-Pacific, which has also been strongly hit by COVID-19 since the beginning of 2020, recorded strong sales growth of sanitizers, wherein disinfection became one of the most common measures to interrupt viral transmission.
- According to the WHO, some of the markets that are most strongly hit by COVID-19 include the European region, with countries, such as Italy and Spain; the Western Pacific region, with countries, such as China and South Korea; and lastly, the Americas, with the United States and Canada being the majorly impacted countries.
- Although the demand for hand sanitizers has increased in all regions around the world, Europe, Asia-Pacific, and North America are expected to hold the highest market shares, primarily due to increased long-term change in consumer habits toward hand hygiene products.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Hand Sanitizer Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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