DUBLIN–(BUSINESS WIRE)–The “Hand Sanitizer Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029” report has been added to ResearchAndMarkets.com’s offering.
Hand sanitizer which was largely used in North America that accounted for almost 45% of market revenues precovid, has become a household product in Asia Pacific post the pandemic. Though the market is expected to grow at a CAGR of 17% during the forecast period of 2021 to 2029, however, the market evidenced an exponential growth of about 600% YOY from 2019 to 2020.
The hand sanitizer market is evidencing a phenomenal transition post the covid 19 spread. WHO and FDA launched various awareness programs on public health hygiene and infection control in public and private locations. The increasing incidence of disease outbreaks, particularly viral outbreaks, hospital-acquired infections, and a large workforce in unsanitary conditions in developing countries is expected to drive global demand for hand sanitizers. However, the shorter shelf life of hand sanitizers, lesser market availability of hand sanitizers in rural areas, high level of alcoholic and chemical content in the hand sanitizers causing allergies are key restraints that are expected to restrain the market growth for hand sanitizers.
Market Dynamics Evidenced Drastic Changes Post Covid 19
Hand sanitizer is a disinfectant solution that is used as a substitute for washing hands with soap and water. Personal health and hygiene are some of the most promising areas of growth in North America, Europe, and the Asia Pacific. The Covid 19 was a single factor that led to the sudden and exponential growth of the hand sanitizer market. The hand sanitizer market was evidencing a healthy growth rate prior to the pandemic due to awareness levels of H1N1, SARS, Avian Flu, Ebola, and other outbreaks.
The same trend is expected till the end of 2021. The use of hand sanitizers has become unavoidable across houses, corporate, public places such as bus stops and ATMs, commercial and corporate entities, and so on. Sudden uptake of hand sanitizers due to a pandemic is the single reason for the exponential growth of the market.
However, with vaccinations being launched across the globe, the market for hand sanitizers is expected to settle down to its normal growth. Nevertheless, the market is slightly expected to grow higher than the pre covid estimates for the year 2021 to 2029. The key reason is the increased awareness levels especially in the Asia Pacific, and also a fear that is instilled during the pandemic is expected to continue. Even if the vaccination is going to be started widely, the fear for any new or mutated viruses is expected to raise the growth rate. The report details such market trends across geographies and product ranges.
Key questions answered in this report
- What are the key market segments in current scenario and in the future by product categories?
- What are the key market segments in current scenario and in the future by regions?
- What is the key impact of Covid 19 over market revenues and market determinants in the hand sanitizers market?
- What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
- What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
- How to overcome the current market challenges and leverage the opportunities in each of the market segment?
- Who are the key players in the medical aesthetics market and what are their key product categories and strategies?
- What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Hand Sanitizer (HS) Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Hand Sanitizer Market Technologies: Future Trends
3.3. Current Scenario: New Product Launches, Increasing Adoption in Home Use, Disease Outbreak, Infection Control Worldwide
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2018
3.7. Competitive Landscape
Chapter 4. Global Hand Sanitizer (HS) Market, by Product Type, 2019-2029 (US$ Mn)
Chapter 5. Global Hand Sanitizer (HS) Market, By End Use, 2019-2029 (US$ Mn)
Chapter 6. Global Hand Sanitizer (HS) Market, By Sales Channel, 2019-2029 (US$)
Chapter 7. Global Hand Sanitizer (HS) Market, by Geography, 2019-2029 (US$ Mn)
7.1. Overview
7.2. North America Hand Sanitizer (HS) Market Analysis, 2019-2029
7.3. Europe Hand Sanitizer Market Analysis, 2019-2029
7.4. Asia Pacific Hand Sanitizer Market Analysis, 2019-2029
7.5. Latin America Hand Sanitizer Market Analysis, 2019-2029
7.6. Middle East & Africa (MEA) Hand Sanitizer Market Analysis, 2019-2029
Chapter 8. Company Profiles
8.1. 3M Company
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. Key Developments
8.2. Chattem, Inc.
8.3. Procter & Gamble (P&G) Company
8.4. Reckitt Benckiser Group Plc.
8.5. Unilever Plc.
8.6. GOJO Industries, Inc.
8.7. Bath & Body Works, LLC.
8.8. Best Sanitizers, Inc.
8.9. Deb Group Ltd.
8.10. Henkel Group
8.11. Kimberly-Clark Corporation.
8.12. Medline Industries, Inc.
8.13. Dial Corporation
8.14. Others
For more information about this report visit https://www.researchandmarkets.com/r/v23x1l
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