Fact.MR’s report forecasts the global hand sanitizer market to exceed a market value of US$ 3.13 Bn by registering a CAGR of 6.9% from 2021-2031. The COVID-19 pandemic has played a major role in upscaling the importance and sales of hand sanitizers in the past year alone.
Between 2016 and 2020, the hand sanitizer market expanded at a CAGR of 5%. By 2021-end, sales are expected to reach US$ 1.6 Bn. Increased emphasis on personal and community hygiene spiked demand for hand sanitizers at an exponential rate since the onset of COVID-19. Initial demand-supply gaps led to a contraction in global revenues, which was soon offset as manufacturers enhanced their production capacities.
Manufacturers of hand sanitizers are focusing on providing effectiveness that kills bacteria. In addition, hand sanitizer companies are focusing on providing bottles of different sizes that would be easy to carry. Also, refill pouches are propelling the demand for hand sanitizers at a noteworthy rate.
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Hand Sanitizer Market Insights Segmentation
By Region
- North America
- Europe
- East Asia
- South Asia
- Latin America
- Oceani
- Middle East & Africa
By Product
- Foaming Hand Sanitizers
- Foaming Instant Hand Sanitizer
- Instant Hand Sanitizer Gel
- Spray Hand Sanitizer
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Key Companies Profiled
- Dial Corporation
- Medline Industries Inc.
- Best Sanitizer Inc.
- GOJO Industries Inc.
- Unilever NV
- Reckitt Benckiser Group Plc.
- Henkel AG & Co. KGaA
- 3M Co.
- Himalaya Drug Company
- Procter & Gamble Company
- Vi-Jon Laboratories Inc.
Essential Takeaways from the Hand Sanitizer Market Insights Report
- Comparison of prominent players operating in the Hand Sanitizer Market Insights.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the Hand Sanitizer Market Insights.
- Growth opportunities for emerging market players in various regional markets.
- Current trends influencing the scenario of the Hand Sanitizer Market Insights.
Important queries related to the Hand Sanitizer Market Insights addressed in the report:
- Who are the most prominent players in the Hand Sanitizer Market Insights?
- What are the factors that are likely to hinder the growth of the Hand Sanitizer Market Insights during the forecast period (2021-2031)?
- Why is the concentration of tier-1 companies high in specific region?
- How are the soaring prices of raw materials impacting the demand for keyword?
- Why are market players eyeing opportunities in particular region?
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