According to a new market report published by Lucintel, the future of the hand sanitizer market looks promising with opportunities in restaurants, schools, hospitals, and household purposes. The global hand sanitizer market is expected to grow with a CAGR of 8% from 2020 to 2025. The major growth drivers for this market are recent outbreaks of viruses, such as influenza and Covid-19; increasing surgical procedure market; rising awareness of hygiene among general people, and growing disposable income.
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Hand sanitizers are antimicrobial agents applied to hands to decrease infectious agents and remove common pathogens. In this market, gel, foam, spray, and liquid are the major product forms. Lucintel forecasts that gel will remain the largest product form segment over the forecast period due to its easy availability as compared to other product forms.
Within this market, offline will remain the largest sales channel segment over the forecast period due to easy and instant accessibility and availability as compared to online.
North America will remain the largest region over the forecast period due to rising awareness of health and hygiene among people, increasing prevalence of chronic diseases, and growing adoption of hand sanitizers by hospitals and restaurants in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of eco-friendly sanitizers and increasing demand for advanced organic and natural ingredients in hand sanitizers. 3M, Reckitt Benckiser, Himalaya, Procter and Gamble, Gojo, Henkel, Unilever, Vi-Jon Laboratories, and Kutol are among the major suppliers in the global hand sanitizer market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global hand sanitizer market by product form, formulation type, sales channel, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Hand Sanitizer Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global hand sanitizer market by product form, formulation type, sales channel, end use, and region as follows:
By Product Form [Value ($ Million) shipment analysis for 2014 – 2025]:
Gel
Foam
Spray
Liquid
Others
By Formulation Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Alcohol Based
Quaternary Ammonium Compound Based
Triclosan Based
Others
By Sales Channel [Value ($ Million) shipment analysis for 2014 – 2025]:
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Restaurants
Schools
Hospitals
Household Purposes
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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