Hand Sanitizer Market Future Demand, Market Analysis & Outlook (2019-2026)
In 2019, the global Hand Sanitizer market size was USD 1,320 million and it is expected to reach USD 2,314 million by the end of 2026, with a CAGR of 8.35% during 2019-2026.
Hand sanitizer is a liquid generally used to decrease infectious agents on the hands, which are highly recommended because of their effectiveness in killing germs and microorganisms. The active component in the hand sanitizers is alcohol. The alcohol-based sanitizers account to the largest market share in the global hand sanitizers market. But because of the high alcohol content, these hand rubs are placed in the flammable liquid categories which in turn questions the safety and effectiveness. The hand sanitizers find extensive use in the hospitals and food service providers where hand. hygiene is of high importance.
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Market Driver and Constraint
Consumer inclination towards health and wellness is anticipated to be one of the most prominent factors impacting the hand sanitizer market growth positively. Further, improving lifestyles, increasing health spending, raising awareness of adjunct health, and support for health needs by organizations such as WHO and FDA are driving the demand for hand sanitizers, spurring the growth of the hand sanitizer market. On the other hand, the health hazards associated with hand sanitizers are expected to hinder the hand sanitizer market growth in the near future.
Region-wise Analysis
The overall hand sanitizer market is classified on the basis of regions such as North America, Latin America, Middle East & Africa, Asia-Pacific, and Europe. The Asia-Pacific was the global hand sanitizer market leader in 2018, followed by North America & Europe markets, possessing the market share of 40.36%, 23.38% and 22.54% respectively. The Asia-Pacific is expected to achieve highest growth rate compared to other regions due to the increase in concern towards health and wellness. Furthermore, improvement in living standards and rise in disposable income are predicted to boost the growth of the Asia-Pacific hand sanitizer market.
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Competition Analysis
Well-known companies operating in the global hand sanitizer industry have strategically placed product launches as a key strategy for their significant share of the market. Major competitors of the global Hand Sanitizer market include Reckitt Benckiser Group, The Himalaya Drug Company, Procter and Gamble, Gojo Industry Inc., Henkel Corporation, Unilever, Vi-Jon Laboratories Inc., Chattem Inc., Best Sanitizers Inc., Kutol Products Company, Reckitt Benckiser, Ecolab, 3M, Unilever Lifebouy, Vi-Jon, Certus Medical, GOJO, SC Johnson, Clorox, ITC, BloomsBerry Innovations, Winova, Key Topics, and etc.
Worldwide Hand Sanitizer Market by Type
Gel, Foam, Spray, Liquids, and Other. Gel-based hand sanitizers created the largest revenue in 2016 because they are readily available on the market and require less time to effectively eradicate bacteria than sprays and other disinfectants. However, foam-based hand sanitizers are estimated to grow at the highest rate, owing to the fact that foam hand sanitizers immediately cling to hands while applying. In addition, foam pumps are relatively small compared to gel pumps or spray pumps, thus providing consumers with a convenient choice.
Worldwide Hand Sanitizer Market by Application
Restaurants, Schools, Hospitals, Household Purpose, and Other. Hospitals generated the maximum revenue in 2016, and is expected to remain dominant throughout the analysis period.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Hand Sanitizer Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Hand Sanitizer Market by Types
4 Segmentation of Hand Sanitizer Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Hand Sanitizer Market in Major Countries
7 North America Hand Sanitizer Landscape Analysis
8 Europe Hand Sanitizer Landscape Analysis
9 Asia Pacific Hand Sanitizer Landscape Analysis
10 Latin America, Middle East & Africa Hand Sanitizer Landscape Analysis
11 Major Players Profile
11.1 Reckitt Benckiser Group
11.1.1 Reckitt Benckiser Group Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 The Himalaya Drug Company
11.3 Procter and Gamble
11.4 Gojo Industry Inc.
11.5 Henkel Corporation
11.6 Unilever
11.7 Vi-Jon Laboratories Inc.
11.8 Chattem Inc.
11.9 Best Sanitizers Inc.
11.10 Kutol Products Company
11.11 Reckitt Benckiser
11.12 Ecolab
11.13 3M
11.14 Unilever Lifebouy
11.15 Vi-Jon
11.16 Certus Medical
11.17 GOJO
11.18 SC Johnson
11.19 Clorox
11.20 ITC
11.21 BloomsBerry Innovations
11.22 Winova
11.23 Key Topics
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Target Audience:
Hand Sanitizer manufacturers
Hand Sanitizer industry associations
Product managers, Hand Sanitizer industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Hand Sanitizer potential investors
Hand Sanitizer key stakeholders
Hand Sanitizer end-user sectors
Raw material suppliers of Hand Sanitizer
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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