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Global Hand Sanitizer Market generated US$ 5,838.6 Million of revenue in the year 2020 and is estimated to record 8.6% CAGR during the forecast period. This report provides an analysis of the global market for Hand Sanitizer for the period 2017 to 2027, wherein 2017-2019 represent historic data, 2020 has been considered as the base year and is on actuals. 2021-2027 are forecast values, reflecting the impact of different factors on the growth trend. The report presents analysis detailed across 17 chapters totaling 200 pages, with 74 extensive tables and 69 figures.
The report covers the global market including the regions North America, Europe, Asia Pacific Middle East, and Africa, and South America. The Asia Pacific is the leading region of the Hand Sanitizer market owing to the rising population in countries such as India and China. Additionally, China-based manufacturers, BeCleanse and SomCosmetic have expanded the production of hand sanitizer products for retailers globally to use under their store brands. eCleanse received the US Food and Drug Administration (FDA) approvals for a variety of hand sanitizers and was allowed to produce custom orders. The sanitizers produced by the company use moisturizing ingredients and contain 75% alcohol content.
The surge observed in the market is due to factors like rising awareness about healthy lifestyles and shifting consumer preference towards convenient hygiene products along with rising disposable income. Moreover, there are many public welfare and health organizations such as, World Health Organizations (WHO), United Nations (UN) and Centers for Disease Control and Prevention (CDC) among others are making efforts towards the spread of awareness regarding the precautionary measures among the maximum possible population to avoid getting infected. Conversely, revenue generated by the sales of hand sanitizers has a negative impact due to the health issues associated with the use of sanitizers. This greatly reduced the market growth. Additionally, there was a disruption in the distribution channel right from suppliers to end-users due to the lockdown. There are various other factors challenging the overall market growth such as side effects of excessive usage of hand sanitizer, dangerous for children, and others. From 2011 to 2015, the U.S. Poison Control Centers received around 85,000 calls addressing issues related to the consumption of alcohol-based hand sanitizer by children. Moreover, regular use of hand sanitizer can cause irritation, peeling, scaling, redness, and flaking among others; if used regularly, it can wash away the natural oil of the skin. Hence, harmful effects on regular usage of hand sanitizer on hands.
What competitors are doing?
Major players active in the market include names such as GOJO Industries Inc., Reckitt Benckiser Group plc, Proctor and Gamble, The Himalaya Drug Company, Henkel AG and Company, Unilever, BeCleanse, Vi-Jon Laboratories, Inc., Sanofi-Aventis, Kutol Products Company, Shanghai Likang Disinfectant Hi-Tech Co., Ltd., Seatex Ltd., Xi′an Youpai Biotechnology Co., Ltd. And HARTMANN Group among others. With the presence of numerous players around the globe, many initiatives have been taken by companies to maintain their position in this market. For instance:
(4 more segments are included in the report)
Market profiling requires in-depth secondary research is used to arrive at overall market size, top industry players, top products, industry associations, etc. Then a detailed discussion guide to conduct expert and industry interviews is formulated and a list of industry service providers and experts is prepared. Data collection requires interviews to be conducted with industry experts, industry players, distributors, and retailers, and then the collected data is validated by the triangulation method, wherein primary, secondary, and analysis contribute to the final data. The data is thoroughly analyzed to obtain qualitative and quantitative insights about the industry and these insights are delivered in the required format.
The global hand sanitizer market size was valued at US$ 5.8 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.0%
The Global Hand Sanitizer market in 2020 was 1412.8 MMT by volume.
The report provides market size estimates for period of 2017-2027. Wherein, 2017-2019 is the historic period. 2020 is the base year, and 2021-2027 is the forecast period. In all, forecast is provided for a term of 10 years in the report.
The alcohol-free hand sanitizers are not efficiently killing germs, bacteria, and viruses, and hence the WHO and CDC highly recommends the use of alcohol-based hand sanitizer for 20-30 seconds using appropriate technique. However, if looking for the purpose of general use, other non-alcohol based variants may be used, considering long effect of alcohol based hand sanitizers on skin when used excessively for long term.
The COVID-19 outbreak has greatly improved the global sale of hand sanitizers. It is owed to increasing hand hygiene awareness which further creates a positive effect in curbing nosocomial infections.
The leading player in Hand Sanitizer market includes Reckitt Benckiser Group PLC, GOJO Industries, L Brands, Inc., Dongguan Bath Concept Cosmetics Co., Ltd., Hindustan Unilever Ltd. And others.
The increasing awareness among individuals due to widespread of COVID-19 and importance of personal hygiene has greatly increased the market growth. Also, high demand of hand sanitizers has increased the number of new entrants and local manufacturers across the world.
The gel sanitizers are spill free, can be used for longer period as compared to liquid or spray.
Alcohol based hand sanitizer is estimated to grow with the highest CAGR of 8.7% owing to the guidelines shared by the WHO recommending its use. In line with these guidelines, various governments around the world have promoted the use of ethyl alcohol or isopropyl alcohol-based hand rubs for hand hygiene.
The report provides analysis of following segments in terms of SKU - <50 ml, 51-100 ml, 101-200 ml, and >500. Of these, 101-200 ml is most picked up unit by retail customers due to ease of handling and convenience during mobility.
Asia Pacific dominates the market owing to high population of the region with a value of US$ 3,171.3 Million and growing at CAGR of 6.4%
The raw material required for the manufacturing of the hand sanitizer are ethanol, isopropanol, glycerol, hydrogen peroxide, distilled water, aloe vera, lemon extract, storage utensils, storage bottles. Some of the suppliers are SimpleHuman, INEOS and Sasol.
Pharmacy and medical stores hold the major share of 45.90% in 2019 due to increasing sales of sanitizers with higher alcohol content, and there are restrictions in few countries. For instance, The Drugs and Cosmetics Act, 1940 (DCA) mandates that every drug stocked or sold in India must be sold under a license.