Global Hand Sanitizer Market Report and Forecast 2023-2028

Global Hand Sanitiser Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global hand sanitiser market reached a value of USD 6.05 billion in 2022. Aided by the rising consciousness about personal hygiene and increasing cases of communicable diseases, the market is projected to further grow at a CAGR of 4.5% between 2023 and 2028 to reach a value of USD 7.4 billion by 2028.

Hand sanitisers are antimicrobial liquids or gels, primarily alcohol-based, designed to disinfect hands and eliminate infectious agents. They are widely used as an alternative to soap and water, particularly in scenarios where the latter is not easily accessible. The convenience of application and rapid action of hand sanitisers make them a sought-after choice in various public and private settings such as hospitals, schools, offices, and even personal carry items.

As per the hand sanitiser market analysis, the global emphasis on health and hygiene, particularly in the aftermath of recent pandemics, has catapulted the demand for hand sanitisers. As infections spread rapidly, the importance of maintaining hand hygiene has been continuously highlighted by healthcare professionals and institutions, leading to widespread use and acceptance of hand sanitisers. The swift and effective action of these sanitisers, killing a significant percentage of germs, has augmented their popularity.

Additionally, the diverse utility of hand sanitisers across different sectors is a driving factor behind its booming market. In the healthcare sector, sanitiser usage is pivotal in preventing Hospital Acquired Infections (HAIs), ensuring patient as well as healthcare professional's safety. In the corporate realm, many businesses have integrated the use of sanitisers in their daily operations, positioning them at entrances, common areas, and individual workstations to promote a safer environment.

The hand sanitiser market growth is further propelled by the innovations in terms of formulations. While alcohol-based sanitisers continue to dominate due to their known efficacy against a broad spectrum of pathogens, there has been a growing demand for natural or non-alcoholic sanitisers. These products, made with essential oils, herbal extracts, or other organic compounds, cater to consumers looking for gentler, skin-friendly alternatives without compromising on the antimicrobial action.

One of the significant factors that have amplified the demand for hand sanitizers is the global travel and tourism industry. As people traverse borders, the risk of transmission of infections escalates. Airports, railway stations, and other transport hubs have, therefore, made hand sanitisers a staple, ensuring travellers can disinfect their hands regularly.

However, the travel industry is not the only major contributor to the bolstered hand sanitiser market demand. Educational institutions, gyms, shopping malls, and even restaurants have integrated hand sanitising stations, understanding the importance of communal health and preventing disease spread.

Market Segmentation

The market can be divided based on product, distribution channel, end use, and region.

Market Breakup by Product

• Gel
• Foam
• Spray
• Others

Market Breakup by Distribution Channel

• Online Stores
• Departmental Stores
• Pharmacy Stores
• Others

Market Breakup by End Use

• Restaurants
• Schools
• Hospitals
• Household Purpose
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hand sanitiser market. Some of the major players explored in the report by Expert Market Research are as follows:

• Himalaya Global Holdings Ltd.
• Proctor and Gamble Company
• Gojo Industries, Inc.
• Henkel AG and Co. KGaA
• Unilever PLC
• 3M Company
• Reckitt Benckiser Group PLC
• Colgate-Palmolive Company
• Sanofi S.A.
• The Clorox Company
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.