Press release
Hand Sanitizer Market Review, Top Manufacturers & Forecast 2022-2032 With a CAGR of 6.2%
The world has seen a substantial rise in chronic infectious diseases, and this has further bolstered demand for better healthcare and hygiene. This increasing focus on hygiene and healthcare is projected to propel the market for hand sanitizers over the coming years.
Government initiatives to boost awareness about personal hygiene are expected to majorly favor hand sanitizer sales through 2032. Increasing consumer preference for organic hand sanitizers will be a prominent trend across the world as awareness about the ill effects of chemical use increases on a global scale. However, availability of multiple alternatives to hand sanitizers are expected to have a hindering effect on global market potential.
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Key hand sanitizer manufacturers are focusing on launching new products to meet the increasing demand across the world amidst rising focus on health and hygiene.
In February 2022, Environmental Science Hygiene (ESH) Ltd., a manufacturing firm in Nigeria, announced the law of a new sanitizer. Palm Tree Hygiene is an all-natural foaming hand sanitizer with its unique alcohol extraction process from sap of palm tree.
In May 2020, ITC, an Indian organization specializing in multiple businesses, announced the launch of its Savlon brand of hand sanitizer sachets, which were being dubbed as the most affordable hand sanitizers in the world.
Key Takeaways from Market Study
In 2022, the hand sanitizer market stands at a net worth of US$ 14.24 Bn.
From 2022 to 2032, the global hand sanitizer industry is expected to expand at a CAGR of 6.2%.
The hand sanitizer market in North America accounts for a dominant market share of 31.9% at present, and will continue to maintain this stance through 2032.
The hand sanitizer market is estimated to attain a net value of US$ 30.3 Bn by the end of 2032.
Increasing levels of pollution, rising prevalence of respiratory disorders, and increasing disposable income in emerging economies are set to drive market growth over the coming years.
"Government initiatives to boost awareness about personal hygiene and healthcare will positively drive the global hand sanitizer market through 2032," says a Persistence Market Research analyst.
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Competitive Landscape
The global market for hand sanitizers is highly competitive and does not have many dominant players, which makes it a very lucrative market for new entrants.
Some of the key market players included in the report are
The Procter and Gamble Company
Gojo industry Inc.
Reckitt Benckiser Group plc.
Best sanitizers Inc.
The Himalaya drug company
Henkel corporation
Unilever
Kutol products company
Linkwell corporation
Vi-Jon Laboratories, Inc.
Chattem Inc.
Cossmic Products
Carroll Company
Seatex Ltd.
Guangzhou Beaver Cosmetic Co., Ltd.
Xi'an Youpai Biotechnology Co., Ltd.
Unisource Shanghai Co., Ltd.
Guangdong Kanwan Cosmetics Co., Ltd.
Huizhou Lanbom Industrial Co., Ltd.
BODE Chemie Gmb
Other Players
The above are identified as key manufacturers of hand sanitizers. These market participants are focusing on launching new hand sanitizers to meet the increasing demand on a global scale.
More Valuable Insights on Hand Sanitizer Market
Persistence Market Research released a new market research on the hand sanitizer market, covering global industry analysis of 2017-2021 and forecasts for 2022-2032.
The hand sanitizer market study reveals compelling insights on the basis of product (foaming hand sanitizers, foaming instant hand sanitizers, instant hand sanitizer gels, and spray hand sanitizers), content (alcohol-based {up to 60% content and above 60% content} and non-alcohol-based), active ingredient (ethanol or ethyl alcohol, benzalkonium chloride, and isopropyl), packaging (flip-flop bottles, pump bottles, dispensing packets, and jars/cans), end use (institutional {hospitals & healthcare, offices/commercial, foodservice, food processing, schools & universities, manufacturing & industrial, hospitality, grocery, convenience stores & retail, and others}, and household), pack size (below 100 ml, 101 ml - 300 ml, 301 ml - 500 ml, and 501 ml & above), and sales channel (direct and indirect {hypermarkets/supermarkets, specialty stores, multi-brand stores, discount stores, independent departmental stores, online retailers, and other sales channels), across seven regions.
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