ID: MRFR/CR/7960-HCR | February 2021 | Region: Global | 90 pages
Hand Sanitizer Market size in 2018 was valued at USD 1.15 Billion and is expected to grow with a CAGR of 9.1% from 2019 to 2025. The demand for hand sanitizers is increasing owing to the increasing awareness among consumers regarding health and safety measures. The rising number of chronic diseases such as Ebola, H1N1, and COVID-19 have resulted in creating awareness regarding hygiene. This has been one of the key driving factors for the growth of hand sanitizers worldwide. Hand sanitizers are relatively smaller in size. Its easy application and accessibility compared to soaps and water make it more convenient to use. All these factors have resulted in propelling the growth of the global hand sanitizer market.
Additionally, the increasing number of global pandemics such as H1N1 and COVID-19 has been instrumental in creating growth opportunities market for the players in the hand sanitizer market. Initiatives undertaken by the key players in manufacturing hand sanitizers that are chemical-free and with unique product designs and different color combinations are driving the growth of the global hand sanitizer market. Additionally, owing to the onset of the global pandemic, COVID-19, several private label companies are investing in providing necessary medical aids. For instance, in March 2020, LVMH, a French luxury conglomerate, announced that it would use its perfume and cosmetic factories to manufacture hand sanitizers for use in France. The company is prepping its perfume and cosmetic factories for manufacturing hand sanitizers. It intends to provide free hand sanitizers to French authorities along with Assistance Publique-Hôpitaux de Paris, which is one of the largest hospital systems in Europe.
The global hand sanitizer market has witnessed exponential growth in the last couple of months. Owing to the outbreak of global pandemic such as COVID-19 in December 2019, consumers worldwide are becoming more aware of the use and benefits of hand sanitizers. The global epidemic has prompted many FMCG companies in India to ramp up the production and marketing of hygiene products. Popular FMCG companies such as Dabur and Hindustan Unilever (HUL) are making efforts to run awareness campaigns online regarding the proper use of health and hygiene products. For example, Dabur is running a series of online awareness campaigns through advertisements, social media sites, and mainstream media to increase awareness among its consumers regarding health safety measures during the COVID-19 crisis. HUL, on the other hand, is advertising its Lifebuoy brands of soaps, hand washes, and hand sanitizers in national newspapers along with precautionary measures on the onset of the COVID-19 crisis.
The increasing awareness regarding the use of health and hygiene products owing to growth in global pandemics such as COVID-19 and H1N1.
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Frequently Asked Questions (FAQ) :
The intensifying number of chronic diseases such as COVID-19, Ebola, and H1N1 are propelling the global market expansion.
Smith & Nephew plc (UK), Reckitt Benckiser Group Plc (UK), Unilever Group (UK), L Brands (US), Procter & Gamble Co. (US) and Kimberly-Clark Corporation (US) are incentivizing the global market expansion.
The Regional market in North America is estimated to power the worldwide market in the impending period.
The market is estimated to leverage a 9.1% CAGR in the approaching period.
The market is likely to achieve a USD 1.15 Billion revenue in the course of the forecast period.