Hand Sanitizer Market Forecasts to 2028 – Global Analysis By Ingredient (Natural, Organic, Synthetic and Other Ingredients), Content (Alcohol Based, Non Alcohol Based and Other Contents), Product, Pack Size, Distribution Channel, End User and By Geography

Hand Sanitizer Market Forecasts to 2028 – Global Analysis By Ingredient (Natural, Organic, Synthetic and Other Ingredients), Content (Alcohol Based, Non Alcohol Based and Other Contents), Product, Pack Size, Distribution Channel, End User and By Geography

According to Stratistics MRC, the Global Hand Sanitizer Market is accounted for $2.9 billion in 2022 and is expected to reach $3.9 billion by 2028 growing at a CAGR of 5.1% during the forecast period. Hand Sanitizer is an antiseptic solution made to clean the palms and fingers from bacteria and viruses. It effectively prevents bacterial infections and illnesses. It is an alternative to soap and water. It prevents hand transmission infections and several diseases such as nosocomial food-borne illness and others. It was used in many sectors such as hospitals, offices, industries, public places and so on.

According to the ‘Wash in Schools’ report published by WHO/UNICEF, the various joint monitoring activities for sanitation and hygiene are taking place through the WASH program and have expanded among schools and colleges in rural and urban areas across nations.

Market Dynamics:

Driver:

Rising government initiatives

The governments across the globe have initiated a number of campaigns to raise consumer awareness of the value of practising basic hygiene. Unsanitary conditions, which are a primary factor in their transmission, have an impact on many infectious illnesses. Government regulations have raised people's awareness of cleanliness, which has boosted the demand for hand sanitizer market.

Restraint:

Existence of substitutes

The demand for hand sanitizers increased as a result of their widespread use. The manufacturers are providing a wide range of items in different colours, flavours, and forms. The market's expansion is being constrained by the abundance of alternatives available. The factors such as large availability of solutions and many key players are hindering the market growth.

Opportunity:

High usage in multiple sectors

The rise in worries about preventive measures and health safety for wellness and the changes in people's lifestyles are fostering favourable chances for the hand sanitizer market. Hand sanitizers are used in almost all sectors such as hospitals, manufacturing units, households, restaurants, government offices, educational institute, and entertainment centers to prevent the widespread of virus. The heavy usage in multiple sectors is propelling the market growth.

Threat:

Environmental hazards

There are several harmful chemical hand sanitizers in the market. It poses a threat to human health and harms the environment if it is let loose. The availability of alternative hand sanitizers and the health and environmental risks connected with hand sanitizers provide a significant challenge. Ignorance of the proper usage of conventional hand sanitizers constraints the market growth.

Covid-19 Impact

The covid pandemic affected each and every industry across the globe. The hand sanitizer market has witnessed positive impact. The widespread of virus around the world increased the usage of sanitizers drastically. The pandemic crisis created awareness among people regarding personal hygiene. This made the market to witness lucrative profits even during the crisis.

The gel segment is expected to be the largest during the forecast period

The gel segment is estimated to have a lucrative growth, due to its easy penetration. Because of its spread ability, typical light and watery composition, gel sanitizer quickly pierces into the skin and effectively destroys the majority of germs. These are available in sachets and mini plastic bottles. They are easy to use and very convenient to carry anywhere. All these factors are fuelling the segment growth.

The supermarkets segment is expected to have the highest CAGR during the forecast period

The supermarkets segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the availability of wide range of hand sanitizing products. Supermarkets consists sanitizers of different brands, sizes and flavours. It also avails offers and discounts during the bulk purchase. They maintain up to time stock and therefore witnessing lucrative growth of the market.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period owing to the presence of huge hospitals. This region provides high quality medical facilities. This region got hugely affected by the covid pandemic which increased the market of hand sanitizers. Alcohol based sanitizers are mostly used here. Several drug stores and chemical manufacturers have been producing sanitizers in large base to meet the demand which is the driving its market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to growing demand for personal care products. This region has the huge population growth and awareness among people grown regarding the personal hygiene and care. Government is also undertaking initiatives and implementing programs to alert people. Even this region is having many key players and they are launching products with cost efficiency. All these aspects are fuelling the market’s growth in this region.

Key players in the market

Some of the key players profiled in the Hand Sanitizer Market include Unilever, GOJO Industries, Inc, Chattem, Inc, Henkel AG and Company, The Himalaya Drug Company, Best Sanitizers, Inc, Procter and Gamble, Vi-Jon, Bacardi Limited, Reckitt Benckiser Group plc, CVS Health, Kutol Products Company, SC Johnson & Son Inc, The 3M Company, Sanofi S.A, Cossmic India Pvt. Ltd, Herbal Strategi, Godrej Consumer Products Limited, Zoic Cosmetic and Zodhita Pvt. Ltd

Key Developments:

In May 2021, 3M India has launched a surface cleaning solution and Covid appropriate signage for global application. The company is investing $1 billion over the next 20 years to accelerate the new environmental stewardship goals.

In May 2020, Godrej Consumer Products Ltd announced its plans to launch several products at affordable price points, most of which would be in personal and home care category. It expects hygiene products to account for around 5 per cent of its total business in this quarter alone as compared to very insignificant contribution in pre-COVID-19 period.

Ingredients Covered:
• Natural
• Organic
• Synthetic
• Other Ingredients

Contents Covered:
• Alcohol Based
• Non Alcohol Based
• Other Contents

Products Covered:
• Gel
• Spray
• Liquid
• Foam
• Other Products

Pack Sizes Covered:
• Below 100 ml
• 101 ml to 300 ml
• 301 ml to 500 ml
• 501 ml & Above
• Other Pack Sizes

Distribution Channels Covered:
• Pharmacy Stores
• Supermarkets
• Online Stores
• Departmental Stores
• Other Distribution Channels

End Users Covered:
• Hospitals
• Manufacturing
• Households
• Restaurants
• Government
• Educational Institutes
• Entertainment Centers
• Commercial Facilities
• Agriculture
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements