The hand sanitizer market consists of sales of sanitizers and their related service. Sanitizers are substances or liquid used for cleaning objects in order to get rid of harmful microorganisms including bacteria and are based on toxic chemicals such as iodine, chlorine, phenol, and quaternary ammonium compounds. These are products that combine disinfectant and detergent and are used to remove dirt, reduce or kill bacteria, and dissolve grease from surface to at least 99.9%. Sanitizers used in many places including airports, hotels & restaurants, hospitals, and other places for cleaning and protects against contamination.
The global hand sanitizers market is expected to grow from $1.52 billion in 2019 and to $3.04 billion in 2020. The markable growth is mainly due to the COVID-19 outbreak and the surge in the demand for hand sanitizers as a measure to contain it. The market is then expected to stabilize and reach $3.34 billion in 2023 at CAGR of 3.21%.
