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Hand Sanitizer Dispenser Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions
Hand Sanitizer Dispenser Global Market Report 2024
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According to The Business Research Company's, The hand sanitizer dispenser market size has grown rapidly in recent years. It will grow from $0.12 billion in 2023 to $0.15 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to hygiene awareness, growth in healthcare sector, food and beverage industry, workplace safety, public spaces.
The hand sanitizer dispenser market size is expected to see rapid growth in the next few years. It will grow to $0.29 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to workplace hygiene standards, sustainable solutions, customization and branding, global travel and tourism, education sector. Major trends in the forecast period include touchless and sensor activation, smart dispensers, pandemic-driven demand, home and residential usage, regulatory compliance.
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Market Drivers and Trends:
The recent outbreak of the COVID-19 pandemic has led to demand for the usage of hand sanitizer, which is expected to drive the growth of the hand sanitizer dispenser market in the forecast period. Hand sanitizers play a vital role in safety against the protection of COVID-19 and staying healthy. With the second and third waves of the virus impacting many countries, there is increasing awareness about hygiene and safety standards which has increased the demand for sanitizers globally. For instance, the global sanitizers market is expected to grow from $2.59 billion in 2020 to $5.12 billion in 2025. Therefore, the rise in the usage of hand sanitizer for ensuring personal safety is boosting the demand for the hand sanitizer dispenser market.
The launch of a technologically advanced hand sanitizer dispenser is a key trend in the hand sanitizer dispenser market. Major players operating in the industry are continuously focusing on developing and launching innovative and technologically advanced products to gain a competitive advantage over the other players and attract a large consumer base. For instance, in February 2021, BinCrusher, an India-based nature-friendly equipment manufacturer, launched W-8062A is an ABS Manual liquid Soap/Hand Sanitizer Dispenser. It could be hung on the wall. The soap dispenser includes a hand-press mechanism and adjustable drop volume and is suitable for both home and commercial usage.
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Major Key Players of the Market:
American Specialties Inc., Toshi Automatic Systems Pvt. Ltd., Bright Pancar Sdn Bhd., Hokwang Industries Co. Ltd., Walex Products Company Inc., Symmetry Ltd., DoctorClean Ltd., JVD GROUP Ltd., Kingsway Technology Ltd., Kutol Products Company Inc., NR Hygiene Solutions, Staietech LLP, Sudhai AirTech Private Limited, Gojo Industries Inc., Kimberly-Clark Corp., Deb Group Holdings Ltd., Wooster Rubber Company, Ecolab Inc., Diversey Holdings Ltd., Betco Corp., Spartan Chemical Company, Zogics LLC, Palmer Fixture LLC, Bobrick Inc., ASI Group, Bradley Corporation, Frost Products Ltd., Tork Motors Pvt. Ltd., Svenska Cellulosa AB, Hagleitner Hygiene International GmbH, Vectair Systems Ltd.
Hand Sanitizer Dispenser Market 2024 Key Insights:
• The hand sanitizer dispenser market size is expected to see rapid growth in the next few years. It will grow to $0.29 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%.
• Growing Demand For Hand Sanitizer Dispensers Driven By Covid-19 Safety Measures
• Technologically Advanced Hand Sanitizer Dispensers Enhance Market Competitiveness
• North America was the largest region in the hand sanitiser dispenser market in 2023
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