Hand Sanitizers Market By Product (Foam, Gel, and Liquid), By Distribution Channel (Drug Store, Hypermarket & Supermarket, Specialty Store, and E-Commerce), By End-Use Industry (Education, Healthcare, and Food Service) – Global Analysis & Forecast 2020-2030
Report ID : 305 | Published Date : Apr 2020 | Pages : 160 | Region : Global | Report Code : CG-9
Hand Sanitizers Market Introduction & Overview
Hand sanitizers are antiseptic liquids or gels generally used on hands to minimize infectious agents. They are also considered to be alternate hand hygiene methods for water-constrained environments. These agents are widely accepted in hospitals and healthcare facilities. Sanitizers usually contain around 60-80% of alcohol (ethanol, isopropanol, and/or n-propanol), which acts as a disinfectant to denature pathogen proteins. Hand sanitizers do not require washing with water, take less time when compared with hand washing and avert the need for drying hands with contaminated materials. They reduce concentrations of E. coli and other pathogens on hands, thereby reducing illnesses caused by germs. Nowadays, using sanitizers rather than washing hands with soaps has also transformed into a trend. Furthermore, sanitizer containers are handy due to its portable size and ease of use.
The hand sanitizermarket is driven by factors such as rapid urbanization, consumer awareness regarding hygiene products, rising number of life-threatening disease outbreaks and the growing utilization of hand sanitizers across the world amid the COVID-19 outbreak. Moreover, improving economies and growing concerns regarding health & wellness are further adding to growth of the hand sanitizer market. However, hand sanitizers don’t kill all types of germs and cannot replace soap & water, especially when hands are soiled and greasy. These factors may hamper the hand sanitizer market to a certain extent.
The global hand sanitizer market can be segmented into product, distribution channel, end-use industry, and region.
Hand Sanitizers Market By Product
Based on product, the market can be segmented into foam, gel, liquid, and others. The foam segment is expected to grow at the fastest CAGR, owing to factors such as cost-effectiveness, ease of use, and fewer chances of dripping on the floor or clothes, and others.
Hand Sanitizers Market By Distribution Channel
Based on distribution channel, the market can be segmented into a drug store, hypermarket & supermarket, specialty store, and e-commerce. The hypermarket & supermarket segment dominated the market and the e-commerce segment is expected to grow at the fastest CAGR during the forecast period. Ease of payment options, increased e-commerce purchases, and competitive discounts, when compared with stores, are driving the demand for e-commerce distribution channels.
Hand Sanitizers Market By End-Use Industry
Based on the end-use industry, the market can be segmented into education, healthcare, food service, and others. National & international healthcare organizations have recommended the use of hand sanitizers during the COVID-19 pandemic. It may lead to the continued utilization of hand sanitizers by the people as a precautionary measure even after the pandemic is controlled. This will result in a long-lasting impact on the demand for hand sanitizers in the future.
Hand Sanitizers Market By Region
Based on the region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America dominated the global hand sanitizer market owing to the presence of key players in the market, the rising prevalence of communicable diseases, and the growing consumer awareness related to hygiene products. However, Asia Pacific is expected to register the highest CAGR during the forecast period owing to rapid urbanization, growing concerns related to health & wellness and improvements in the standards of living.
Hand Sanitizers Market Prominent Players
Some of the key players operating in the hand sanitizer market include Reckitt Benckiser, 3M, Procter & Gamble, GOJO Industries, Inc., Unilever, Best Sanitizers, Inc., Vi-Jon, Henkel Corporation, The Himalaya Drug Company, Kutol Products Company, and others.