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Hand Sanitizer Market

Hand Sanitizer Market

Hand Sanitizer Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2022

Date

Nov - 2023

Format:

PDF XLS PPT

Report Code:

VMR-2342

Segments Covered
  • By Product By Product Gel, Foam, Liquid, Other Products
  • By Distribution Channel By Distribution Channel Hypermarket & Supermarket, Drugstore, Online, Other Channels
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 6.2 Billion
Revenue 2030Revenue 2030: USD 10.5 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 6.9%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Hand Sanitizer Market Share

The global Hand Sanitizer Market is valued at USD 6.2 Billion in 2022 and is projected to reach a value of USD 10.5 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 6.9% between 2023 and 2030.

Premium Insights

Hand Sanitizer are anti-infection skincare products that clean and protect the hands from pathogenic germs and viruses. People's growing awareness of the need for hygiene and cleanliness is increasing global demand for Hand Sanitizer solutions. Manufacturers are concentrating their efforts on introducing newer beneficial substances, such as Aloe Vera, tea oil, and others, into their disinfection solutions in order to provide greater protection to the public. In addition, they are producing numerous skin wash forms, such as foams, gels, liquids, and sprays, in order to attract customers to these products. Mergers and acquisitions, television, and internet marketing methods are being used by prominent firms linked with skin cleansing goods, such as Unilever, P&G, and others, to satisfy their brand-building and business expansion objectives. These activities will promote the growth of the Hand Sanitizer market.

Hand Sanitizer Market Size, 2022 To 2030 (USD Billion)

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  • Rising global awareness about sanitation and personal hygiene is predicted to fuel product demand since it is an antiseptic solution used as a substitute for soap and water.
  • The gel-based Hand Sanitizer category accounted for the largest market revenue of the market in 2022 and is likely to maintain its dominance over the forecast period.
  • In 2022, Europe has the largest revenue share, 40.60%, with a market revenue of 2.5.
  • The Asia Pacific region has the highest (CAGR) between 2023 and 2030.

Top Market Trends

  1. Manufacturers are introducing natural components like aloe vera into their products to address concerns about the potential drying effects of alcohol-based Hand Sanitizer. This ingredient reduces the likelihood of rough skin and delivers a gentler, more hydrating feel. These activities help to raise consumer knowledge and adoption of Hand Sanitizer, allowing corporations to expand their global market share. Hand Sanitizer with nice scents has grown in popularity.
  2. In the aftermath of the coronavirus pandemic, innovators and entrepreneurs all around the world are redefining their business strategies. Breweries and distilleries in the craft cocktail industry are shifting their focus from spirits to Hand Sanitizer. Hand Sanitizer' convenience and mobility, as well as their efficiency in avoiding numerous infections, are gaining a large user base and increasing sales.
  3. Companies are constantly attempting to implement innovations in personal care goods in order to attract consumers and expand their market reach. Furthermore, incorporating various chemicals such as glycerin, propylene glycol, water, and others into anti-aging skin sanitizing lotions would produce a notable solution for skin aging concerns and fuel market expansion.
  4. Consumers are becoming more concerned about the necessity of hand hygiene, which is linked to their general health and hygiene. Hand Sanitizer are necessary to prevent transmissible infections, which will drive market expansion. Furthermore, the convenience and portability of Hand Sanitizer overhand washes, as well as their effectiveness in avoiding many diseases, are attracting a sizable user base, boosting Hand Sanitizer sales.
  5. Personal care products are in high demand as a result of many government programs and promotions promoting personal hygiene and cleanliness. Furthermore, increased doctor and health association suggestions for maintaining excellent hygiene habits may positively influence demand for skin cleansing products. Additionally, growing consumer preference for scented cosmetics and personal care items may drive up demand for aromatic Hand Sanitizer.
  6. Companies are now focusing on individualized items and the interior design of their locations. Over the previous five years, developed regions such as the Americas and Europe have seen an increase in demand for personalized products. Furthermore, top firms in the global Hand Sanitizer market offer customized and customized items to improve the aesthetic appeal of their offerings. This trend is likely to boost market expansion throughout the forecast period since it communicates a statement about caring for the health and well-being of employees and visitors.

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Economic Insights

The pandemic increased global sales of Hand Sanitizer. Individuals' primary priorities became health and hygiene, and anti-infection skincare solutions fueled demand. To prevent the transmission of the virus, the World Health Organization (WHO) recommends the use of Hand Sanitizer in addition to routine hand washing. As a result, these initiatives propelled market demand. Concerns about health and cleanliness are growing over the world. Following the pandemic, the market has seen considerable improvements worldwide. However, with supply chain disruptions and vast supply-demand gaps globally, the industry faced substantial problems in scaling up manufacturing capacity to assist in relieving the supply constraint.

Market Segmentation

The Global Hand Sanitizer Market is segregated into the segments as mentioned below:

The global Hand Sanitizer market can be categorized into Product, Distribution Channel, Region. The Hand Sanitizer market can be categorized into Gel, Foam, Liquid, Other Products based on Product. The Hand Sanitizer market can be categorized into Hypermarket & Supermarket, Drugstore, Online, Other Channels based on Distribution Channel. The Hand Sanitizer market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Below tree is interactive. You can click the nodes to get more information.

Based on Product

Gelato Leads the Market Share because the Gel Sanitizers are Spreadable and Have a Light and Liquid Formulation

In 2022, the Gel segment is poised to dominate the global market for Hand Sanitizer. Gel sanitizers have a high spreadability since their formulation is light and fluid, allowing sanitizers to penetrate the skin and destroy most bacteria quickly. The ease of product availability and increased accessibility to these types of antiseptic products will fuel demand in the coming years. During the coronavirus pandemic, gel sanitizers have seen exceptional demand around the world, particularly in North America, Europe, and Asia Pacific. Because gel sanitizers are spreadable and have a light, liquid formulation, they may easily penetrate the skin and kill most bacteria. The convenience of obtaining these antiseptic solutions, as well as their expanded accessibility, will drive rising demand for them in the coming years.

Based on the Distribution Channel

Hypermarket & Supermarket Segment Dominate Due to Increase in the Number of these Shops in Various Regions, as well as an increase in the Distribution of Cleaners

In 2022, the hypermarket and supermarket segment will dominate the Hand Sanitizer market Due to the rising number of these outlets across various locations and the rise in the distribution of cleansers in the market. Several retailers ran out of Hand Sanitizer in the first several weeks of the outbreak. Singapore supermarkets were also out of this and other household cleaning items in March 2020 owing to panic purchasing or stocking up on Hand Sanitizer. The expansion in supermarkets and hypermarkets, which carry a diverse selection of goods with varied sizes, forms, brands, and other features, is to blame for this growth. Expanding retail chains in major economies, new products, greater foot traffic, and impulsive shop purchases are just a few of the drivers driving industry expansion.

Based on Region

Europe To Dominate Global Sales Owing to Rising environmental awareness

In 2022, the European region emerged as the dominant player in the Hand Sanitizer market. This region has a number of market players, and numerous types of hand antiseptics, such as gel-based, foam-based, sprays, and wipes, are widely used. Because their residents are more willing to spend money on personal care and hygiene products, nations like the United Kingdom and Germany dominate the market. Additionally, rising environmental awareness has driven some consumers to seek Hand Sanitizer with eco-friendly packaging, refillable choices, or formulations that use natural and sustainable ingredients. A big COVID-19 outbreak in many European nations, particularly Italy, raised demand for Hand Sanitizer. Existing companies found it challenging to create enough Hand Sanitizer to meet worldwide demand.

The Hand Sanitizer industry in Asia-Pacific is rapidly growing in popularity. Because of the COVID-19 outbreak in the region, APAC countries, particularly India and China, saw high demand for Hand Sanitizer. During the lockdown, 50% of the overall Indian population was unable to purchase Hand Sanitizer due to their unavailability in the market, and 26% of the population was utilizing sanitizers from unknown brands due to a lack of stock of reputable brands. Individual panic buying affected the supply of sanitizers in this region. However, dwindling sales of Hand Sanitizer forced significant corporations to quit this area.

Competitive Landscape

The global Keyword market is highly competitive, with several important competitors in the industry. Reckitt Benckiser Group PLC (UK), Procter and Gamble (U.S.), The Himalaya Drug Company (India), GOJO Industries Inc. (U.S.), Henkel AG and Company (Germany) are some of the market's key players. These businesses are concentrating their efforts on research and development in order to create unique and long-lasting products. Strategic alliances, mergers, and acquisitions are also common in the industry as companies seek to extend their product offerings and market presence.

The key players in the global Hand Sanitizer market include - Reckitt Benckiser Group PLC (UK), Procter and Gamble (U.S.), The Himalaya Drug Company (India), GOJO Industries Inc. (U.S.), Henkel AG and Company (Germany), Unilever PLC (UK), Vi-Jon LLC (U.S.), Chattem Inc. (U.S.), Best Sanitizers Inc. (U.S.), Kutol Products Company Inc. (U.S.) among others.

Recent Market Developments

  • In May 2022, GOJO Industries Inc. expanded its surface hygiene offering by introducing PURELL Healthcare Surface Disinfecting Wipes. These wipes are a form of Hand Sanitizer that kills 99.9% of bacteria and viruses.
  • In May 2022, Best Sanitizers Inc. joined together with Saraya Co. Ltd. and the World Health Organization (WHO) to support World Hand Hygiene Day. The goal is to raise awareness about the importance of proper hand hygiene and to educate people about the use of Hand Sanitizer in decreasing transmission in healthcare settings.
  • In February 2022, Reckitt Benckiser Group collaborated with the USC School of Medicine to enhance public health and educate the Los Angeles community about the COVID-19 vaccination. Reckitt also contributed 4 million packets of Lysol Disinfecting Wipes, a type of Hand Sanitizer, to aid in local hygiene and disinfection.

Segmentation of the Global Hand Sanitizer Market

Parameter Details
Segments Covered

By Product

  • Gel
  • Foam
  • Liquid
  • Other Products

By Distribution Channel

  • Hypermarket & Supermarket
  • Drugstore
  • Online
  • Other Channels

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Reckitt Benckiser Group PLC (UK)
  • Procter and Gamble (U.S.)
  • The Himalaya Drug Company (India)
  • GOJO Industries Inc. (U.S.)
  • Henkel AG and Company (Germany)
  • Unilever PLC (UK)
  • Vi-Jon LLC (U.S.)
  • Chattem Inc. (U.S.)
  • Best Sanitizers Inc. (U.S.)
  • Kutol Products Company Inc. (U.S.)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Hand Sanitizer valued at USD 6.2 Billion in 2022 and is expected to reach USD 10.5 Billion in 2030 growing at a CAGR of 6.9%.

  • The prominent players in the market are Reckitt Benckiser Group PLC (UK), Procter and Gamble (U.S.), The Himalaya Drug Company (India), GOJO Industries Inc. (U.S.), Henkel AG and Company (Germany), Unilever PLC (UK), Vi-Jon LLC (U.S.), Chattem Inc. (U.S.), Best Sanitizers Inc. (U.S.), Kutol Products Company Inc. (U.S.).

  • The market is project to grow at a CAGR of 6.9% between 2023 and 2030.

  • The driving factors of the Hand Sanitizer include

    • Rising Government Support in the Promotion of Hygiene Products to Augment Market Progress

  • Europe was the leading regional segment of the Hand Sanitizer in 2022.