The report “Hand Sanitizer Market by Product Type (Gel, Liquid, Foam and Spray); By Distribution Channel (E-Commerce, Hospital Pharmacies, Retail Suppliers, Supermarket and Others); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global hand sanitizer market size is expected to reach USD 17.2 billion by 2026 according to a new study by Polaris Market Research.
The market for hand
sanitizers has gained a sudden momentum due to the COVID-19 pandemic which is
spread across the globe. World Health Organization has already mentioned in its
advisory the importance of usage of hand sanitizers during these days and due
to this the governments across the globe have made it mandatory the usage,
which has pushed the market for these handrubs. There has been a sudden surge
in the demand for all types of sanitizer and some countries which are
developing are also facing shortage.
Hence many manufacturing
industries are striving their best to distribute hand sanitizer in the
marketplace. Governments are also encouraging its usage, thereby increasing its
demand. The World Health Organization (WHO) has also recommended its usage at
home, healthcare institutions as well as in all industries, offices, etc. to
face the outbreak COVID-19. These new norms have enormously pushed the market
and has gained an unprecedented traction in 2020.
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These sanitizers are
majorly of two types which include alcohol or non-alcohol-based sanitizer.
There has been a major demand for alcohol-based hand sanitizers. These
sanitizers are mainly relevant within the liquid handrub, gel-based handrub,
foam-based, and spray-based hand sanitizer for killing diseases. Based on the
current scenario, the government and other private institutes are also
implementing sprinkler-based sanitization systems, especially in the infected
areas.
The players are who
helping the health care sectors are Gojo Industries, Inc., Vi-Jon, Inc., Nice
Pak, EO Products, Edgewell Personal Care, KAS Direct, LLC, 3M Company, Best
Sanitizers, Inc., Byotrol plc, Chattem, Inc., Henkel AG & Co. KGaA, Lion
Corporation, Medline Industries, Inc., Procter & Gamble Co., Reckitt
Benckiser Group plc, SC Johnson & Son, Inc., Deb Group Ltd., Skinvisible,
Inc., The Clorox Company, Unilever plc, Godrej Consumer Products Ltd, Zep,
Inc., The Himalaya Drug Company and others across the global market. The most
important share hand sanitizer in the global market are launching product,
marketing, acquisition to encompass the consumer to increase the selling
percentages of strategies to preserve and capture the hand sanitizer market.
This report focuses on the
upward push in the amalgamation of distribution of handrub by the means of
e-commerce and hospital pharmacies. It also focuses on the trends in the
healthcare industry for using the alcohol based liquid hand sanitizer to
eliminate the chances of getting infected. The report analyzes on how the
availability of hand sanitizer has raise the competition and price attrition of
handrub.
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Based on region, the
global handrub industry has been segmented into North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa. In 2020, North
America region is expected to dominate the market in terms of quantity on
account of the higher number of COVID-19 cases and production of handrub.
Moreover, Asia-Pacific is the largest producer of liquid hand sanitizer for the
consumers and is expected to grow in the global market in 2020. The volume and
value of these products are expected to increase due to the demand for the
handrub in the region in the coming years majorly because of the pandemic.
Moreover, majority of the population in the Asia Pacific region is now more
aware about the benefits of the usage of handrubs and sanitizers due to the
current pandemic. This would in turn benefit the market in the APAC region.
On the basis of product
type, liquid hand sanitizer has gained the popularity related to minimize the
risk of the transmission of infectious disease. Handrubs are assisting the
health care sectors primarily in stopping supply of such transmission diseases
while maintaining contact with the patients’ or personal with each other while
functionalities of the healthcare workers. Liquid hand sanitizer along with
other alcohol based sanitizers and chemicals can also be used to disinfected
masks, hands or the contaminated area to minimize the transmission cases of
infectious diseases such as COVID-19, thus creating an opportunity for this
market.
The European marketplace
is projected to preserve a steady growth revenue over the forecast period. Hand
sanitizer encompassed with the Himalayan Drug Company trying to make
contemporary sensing in the health systems and witness to expand the adoption
of using hand sanitizer in Europe, which has greatly aided to decrease the
infection in the polluted places.
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