What Fueled The Previous Growth In The Hand Sanitizers Market?
The hand sanitizers market has seen considerable growth due to a variety of factors.
• The hand sanitizers market has seen substantial growth in recent years. The market value is forecasted to rise from $4.45 billion in 2024 to $4.9 billion in 2025, a compound annual growth rate (CAGR) of 10.1%.
This historic growth is likely due to factors such as infectious disease outbreaks, the healthcare environment, the food industry, and increased public awareness.
How Does the Forecast Look for the Hand Sanitizers Market?
The hand sanitizers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for hand sanitizers is predicted to expand rapidly in the forthcoming years, with an estimated worth of $8.25 billion by 2029. This equates to a compound annual growth rate (CAGR) of 13.9%.
The projected growth in this period can be traced back to continued health worries, personal hygiene behaviors, the fields of travel and hospitality, and the demand for green and sustainable items. Expected trends for this forecasted period involve antimicrobial resistance (amr), personalized hand sanitizers, hands-free dispensers, and hand sanitizers that are natural and organic.
What Are The Leading Drivers Of Growth In The Hand Sanitizers Market?
The surge in the sanitizer market was primarily driven by the advent of the coronavirus pandemic. The crucial role of hygiene in safeguarding against the virus and maintaining good health has notably increased the global demand for sanitizers in the wake of COVID-19, which originated in China. These sanitizers, in particular, are known to be effective against the coronavirus. The Centers for Disease Control (CDC) advises the use of hand sanitizers composed of over 60% ethanol or 70% isopropanol in healthcare scenarios as a preferred hygiene practice. The U.S. Food and Drug Administration reports that there has been a significant increase in the number of manufacturers registering to cater to the escalating demand for sanitizers, with over 1,500 new registrations. Therefore, it can be expected that the sanitizer market will continue to expand in 2020 and in the following years, boosted by the COVID-19 crisis and increasing attention to hygiene matters.
How Are The Segments Defined Within The Global Hand Sanitizers Market?
The hand sanitizers market covered in this report is segmented –
1) By Type: Quartenary Ammonium Compounds Based, Alcohol Based, Tridosan Based, Other Types
2) By Product: Gel, Foam, Liquid, Other Products
3) By Distribution Channel: Online Store, Pharmacy Store, Departmental Store, Other Distribution Channels
4) By End User: Hospitals, Restaurants, Schools, Household Purpose, Other End Users
Subsegments:
1) By Quaternary Ammonium Compounds-Based: Benzalkonium Chloride, Alkyl Dimethyl Benzyl Ammonium Chloride
2) By Alcohol-Based: Ethanol-Based, Isopropyl Alcohol-Based
3) By Triclosan-Based: Triclosan
4) By Other Types: Herbal-Based, Antibacterial Additives
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Which Emerging Market Trends Are Altering The Hand Sanitizers Industry?
The augmentation of production capabilities and the restructuring of corporations to fulfil an increased demand for hand sanitizers, has become a predominant trend in the sanitizer industry. Bell International Laboratories, an all-inclusive cosmetic production company, has divulged plans to magnify their manufacturing of alcohol-infused hand sanitizers including gels and sprays, forecasting a production of 22 million units in April. Additionally, companies like Radio Khaitan and Bacardi, renowned suppliers of alcoholic beverages, have diversified into the production of sanitizers amidst the outbreak of COVID-19. This measure has been initiated as a way for companies to contribute during the global pandemic, in answer to the surging requirement for hand sanitizers for health and hygiene reasons. As such, the upscaling of production capabilities and diverse corporations entering the hand sanitizer production arena is a significant trend encouraging growth in the sanitizer market.
Who Are the Key Players In The Hand Sanitizers Market?
Major companies operating in the hand sanitizers market include:
• Reckitt Benckiser Group
• The Himalaya Drug Company
• Procter and Gamble
• Gojo Industry Inc.
• Henkel Corporation
• Unilever
• Vi-Jon Laboratories Inc.
• Chattem Inc.
• Best Sanitizers Inc.
• Kutol Products Company
• Skinvisible Inc.
• Nice-Pak Products Inc.
• Lion Corporation
• Medline Industries Inc.
• Magica
• Inc.
• Clear-San Pro
• Dana Medco
• The Betty Mills Company (BettyMills.com)
• NBGS USA
• C&L Supply Company
• Inc.
• Lancaster Packaging
• Ryan Herco Flow Solutions
• Himalaya Wellness Company
• Environmental Science Hygiene Ltd
• Best Sanitizers
• Saraya Co.
• Clorox Company
• Ecolab Inc.
• SC Johnson & Son
• Inc.
• Best hand sanitizers
• Inc.
• 3M Company
• Vi-Jon Inc.
• Deb Group Ltd.
• Zoono Group Limited
• 4E Brands North America LLC
• The Clorox Company
• The Procter & Gamble Company
What Is The Most Dominant Region In The Hand Sanitizers Market?
Asia-Pacific was the largest region in the hand sanitizers market in 2023. North America was the second-largest region in the global hand sanitizers market. The regions covered in the hand sanitizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
