The global hand sanitizers market size was USD 3031.10 million in 2021 and is expected to register a steady revenue CAGR of 4.70% during the forecast period. Key factors such as growing awareness about personal hygiene and sanitation, increasing prevalence of various infectious diseases, and rising investments in developing hand sanitizers with novel, innovative formulations are expected to drive global market growth during the forecast period.
Hand sanitizer also called hand antiseptic, hand rub, or hand disinfectant is commonly used as a hand-cleaning alternative to soap and water. It is applied to the hands to get rid of common pathogens and is typically available in foam, gel, or liquid form. Rising prevalence of various chronic diseases and infections such as COVID-19, influenza, hand, foot and mouth diseases, whooping cough, meningitis, and norovirus is one of the key reasons for increasing sales of hand sanitizers.
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Factors such as rapidly expanding e-commerce platforms, increasing availability of various types of hand sanitizers in hypermarkets, online stores, and pharmacies, and rising demand for top-grade hand sanitizers in hospitals, healthcare centers, food and beverages sector, offices, schools are expected to boost global market growth going ahead.
However, factors such as rising health hazards associated with chemical ingredients, availability of counterfeit products, and high preference for liquid soaps, hand soaps, disinfectant wipes, and hand disinfectants are expected to hamper overall market growth during the forecast period.
Gel Segment To Register Robust Revenue CAGR:
The gel segment is expected to register robust revenue CAGR over the forecast period. This can be attributed to growing awareness about sanitation and personal hygiene, increasing prevalence of infectious diseases, high preference for gel hand sanitizers over other forms due to its texture, easy penetration in skin, and rising availability of gel hand sanitizers by various brands in online and offline stores.
Individuals Segment to Account for a Significantly Larger Revenue Share:The individuals segment is expected to account for a significantly larger revenue share between 2022 and 2028. Factors such as increasing awareness about cleanliness and hygiene, government mandate for every individual to use hand sanitizers pre and post-coronavirus pandemic, and rising demand for high-grade products to sanitize hands are expected to drive segment revenue growth during the forecast period.
North America to Lead In Terms of Revenue Share:
North America is expected to lead in terms of revenue share during the forecast period owing to increasing prevalence of various infectious and chronic diseases across the region, rising awareness about personal hygiene, and availability of a wide range of hand sanitizers on online portals and offline stores. In addition, rising investments in developing hand sanitizers with varied formulations is another factor expected to boost North America market growth going ahead.
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Hand Sanitizers Market By Company:
Procter & Gamble (US)Unilever (UK)3M (US)Henkel (Germany)Kao Corporation (Japan)Reckitt Benckiser (UK)L'Occitance (France)Medline Industries (US)Amway (US)Lion Corporation (Japan)Vi-Jon (US)GOJO Industries (US)Ecolab (US)Longrich (China)Kami (China)Lvsan Chemistry (China)Bluemoon (China)Shanghai Jahwa (China)Walch (China)Likang (China)
Hand Sanitizers Industry Recent Developments:
In march 2022, Purell launched two new foam hand sanitizers, PURELL Advanced Hand Sanitizer Natural Foam and PURELL Advanced Hand Sanitizer 2 in 1 Moisturizing Foam. The foam of both products stays on the hands for mess-free sanitizing and dries off quickly. In addition, these products are naturally fragranced with essential oils and contain no harsh preservatives, dyes or phthalates.In April 2022, Just Humans announced the launch of world's first shimmer hand sanitizer with a unique formulation combining skincare and beauty. The newly launched product embodies gold pearlescent offering a refreshing feeling and natural glow to the skin.In May 2022, I LOVE announced the launch of a brand new hand sanitizer amidst the COVID-19 pandemic. The product contains vitamin E plus skin loving moisturisers that help in keeping the hands soft, smooth and well sanitized.
The global hand sanitizers market has been segmented based on type, application, and region:
Hand Sanitizers Market Segment by Type:
Hand Sanitizers Market Segment by Application:
IndividualsIndustrialEducationOffice BuildingsHealth CareFood HandlingHotel
Hand Sanitizers Market Segment by Region:
North America (USA, Canada, Mexico)Europe (Germany, France, UK, Italy, Russia, Rest of Europe)Asia Pacific (China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific)South America (Brazil, Argentina, Columbia, Rest of South America)Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
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Key Reasons to Purchase:
Estimates 2022 to 2028 hand sanitizers market current market trends and development trendsMarket dynamics along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the hand sanitizers marketCompetitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five yearsComprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market playersBrief about impact of COVID-19 on the global hand sanitizers market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?Which key players are leading in the global hand sanitizers market?What is the expected market size of the global hand sanitizers market between 2022 and 2028?What factors are expected to open new growth avenues and opportunities for existing and emerging market players?What are some of the key challenges that the global market is expected to face during the forecast period?Which region is expected to account for largest revenue share over the forecast period?
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