According to a new report Global Hand Sanitizer Market, published by KBV research, The Global Hand Sanitizer Market size is expected to reach $3.65 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period. Due to shifts in customer preference to convenient hygiene products, the global hand sanitizer market is experiencing a significant growth in the present scenario.
The global marketplace is experiencing a high demand for health and wellness items like sanitizers, floor cleaning items, and other cleaning products that compress the effect of infectious diseases such as COVID-19 a global pandemic experienced by nearly all countries - and others. The COVID-19 outbreak, commonly referred to as coronavirus in the year 2020, has boosted the global sale of hand sanitizers. Increasing hand hygiene awareness is experiencing a positive effect in curbing nosocomial infections.
Gel-based hand sanitizers generated maximum revenue in 2019 because they are readily accessible on the market and take less time than spray and other sanitizers to efficiently remove germs. Furthermore, foam-based hand sanitizers are expected to expand at the highest rate, owing to the fact that during application foam hand sanitizers instantly cling to hands. However, foam pumps are comparatively smaller than gel or spray pumps, and therefore give consumers a convenient alternative.
Department store accounted for the highest sales in 2019, as consumers tend to shop from stores like supermarkets/hypermarkets. In fact, attractive discount programs that vendors provide drive the growth of departmental stores. Online store, however, reports the highest rate of growth due to increased mobile phone penetration, increased e-commerce purchases, simpler payment options, and competitive discounts compared to stores.
Owing to the high hygiene requirements of the U.S. population, North America dominates the global market for hand sanitizers. In addition, Asia-Pacific is projected to experience the highest growth rate from 2020 to 2026, due to rising health and wellness concerns. In addition, rising living standards and growing disposable incomes are expected to fuel growth in the Asia-Pacific hand sanitizer industry.
Structural Insights: https://www.kbvresearch.com/hand-sanitizer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Reckitt Benckiser Group PLC, 3M Company, Sanofi S.A., The Procter and Gamble Company, Unilever Plc., GOJO Industries, Inc., L Brands, Inc. (Bath & Body Works, LLC), S.C.Johnson and Son, Inc., Henkel AG & Company, KGaA and Kimberly-Clark Corporation.
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