Global Hand Warmer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hand Warmer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hand Warmers are heating devices that provide heat to the user through electric, chemical, or gas power. It is used for medical purposes as well as outdoor activities like camping and hiking. It is often considered a temporary replacement of fire by using fuel or lighter fluid.

Hand warmers are small (mostly disposable) packets which are held in the hand and produce heat on demand to warm cold hands. They are commonly used in outdoor activities. Most disposable hand warmers contain a mix of iron, water, activated carbon, vermiculite, cellulose, and salt. Once exposed to air, the iron oxidizes and releases heat in the process. Other types of warmers are available to provide soothing heat for muscular or joint aches.

Market Overview:

The latest research study on the global Hand Warmer market finds that the global Hand Warmer market reached a value of USD 1465.52 million in 2022. It’s expected that the market will achieve USD 1981.96 million by 2028, exhibiting a CAGR of 5.16% during the forecast period.

Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities.

However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together.

increasing disposable income

With the rapid development of the global economy, people's disposable income has increased, so people's consumption habits have also undergone great changes.

Hand warmers are favored by more and more people because of their convenience, compactness and portability. The hand warmers offer convenient, affordable solution to keeping oneself comfortable in cold weather.

The increase in disposable income makes people increasingly pursue the enjoyment of material life. Hand warmers play a very important role in people's daily life. More and more people are willing to carry hand warmers to resist the cold.

The increase in people's disposable income will stimulate the growth of demand for hand warmers and promote the development of the hand warmers industry.

International trade risks

Many Hand Warmer suppliers’ export sales account for a large proportion of total sales. Especially in China, due to the unstable international macroeconomic situation, there will be certain changes in the exchange rate of RMB against the US dollar, which may have a certain impact on the export exchange of suppliers. As international trade is affected by political and economic events, tariffs and various trade barriers will affect the import and export business of suppliers, which may also restrict the development of some Hand Warmer industry participants.

Region Overview:

In 2021, the share of the Hand Warmer market in Asia Pacific stood at 49.48%.

Company Overview:

Kobayashi is one of the major players operating in the Hand Warmer market, holding a share of 3.75% in 2022.

Kobayashi

Having positioned international growth as one of its key drivers, the Kobayashi Pharmaceutical Group has been working diligently to increase sales in a total of six brands that include body warmers, cooling gel sheets for the forehead, OTC pharmaceuticals, deodorizing air fresheners, eye glasses cleaners, and oral hygiene products, primarily in the United States, China, Japan and Southeast Asia.

CaiHong

CaiHong covers an area of 100 acres. The company is a group enterprise integrating manufacturing, R&D, commerce and logistics of integrated products.

The main products are rainbow electric blankets, shoe dryers, heating appliances; rainbow electric mosquito coils, liquid mosquito coils, insecticides, mosquito coils; polyester staple fiber and needle-punched non-woven fabrics.

Segmentation Overview:

By type, Reusable Hand Warmers segment accounted for the largest share of market in 2021.

Disposable Heat Pack

Instant Heat Disposable Packs are ideal for immediate application of heat. The pack is quickly activated by breaking a liquid bubble with a small thump from the palm of your hand. There is no heating or microwaving required.

Reusable Hand Warmers

Hand warmers offer instant heat on cold winter days. Just pop the metal disk and massage the gel pad as the gel begins to crystallise, instantly releasing heat.

The hand warmers have the added benefit of being reusable. To 'reset' the crystallised pad to its original gel form, add the handwarmers to a pan of boiling water and allow to simmer until the crystals have completely dissolved. Allow to cool totally before handling. Each activation lasts up to 60 minutes and can emit heat of up to 54 degrees Celsius.

Application Overview:

The market's largest segment by application is the segment Daily heating, with a market share of 88.99% in 2021.

Key Companies in the global Hand Warmer market covered in Chapter 3:

Ocoopa
HotSnapZ
PISEN
Haago
Kobayashi
CaiHong
Thermopad
Heat Factory
Little Hottles
Nsure
CYOANG
Aibeisi

In Chapter 4 and Chapter 14.2, on the basis of types, the Hand Warmer market from 2018 to 2029 is primarily split into:

Disposable Heat Pack
Reusable Hand Warmers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hand Warmer market from 2018 to 2029 covers:

Daily heating
Medical treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)