Global Hand Soap market is forecast to witness rapid growth of around 6.7% over the forecast period of 2020-2030. Of all applications, the household segment accounts for more than 70% of the market share.
Escalating demand for hand soap was observed in the first quarter of 2020 owing to the COVID-19 pandemic. In the 2nd quarter, the demand is projected to follow an upward trend with increasing awareness about hand hygiene across regions.
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COVID-19 Impact Insights
The outbreak of coronavirus has led to unprecedented demand for hand soap and sanitizers globally as private health and government bodies are advocating hand hygiene measures. COVID-19 has also spurred people to panic buy and hoard on hand soaps which has accelerated the demand for hand soaps. Thus many FMCG companies are at their wits’ end trying to ramp up production in order to keep up with demand.
There are some who have innovated extensively in their marketing campaigns. For instance, Wai Wai Noodles has propagated hand washing in its new packs to support the cause of hand hygiene.
This is further anticipated to give an uptick to the sales of hand soap in the foreseeable future. Amid supply chain and capacity challenges popular hand soap companies such as RB are ramping up production to widely distribute their popular soaps such as Dettol Hand Wash and Dettol Soap.
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Hand Soap market Segmentation
Fact.MR has studied the hand soap market with detailed segmentation on the basis of pack size, application, sales channel, and key regions.
- By Pack Size :
- 100 ml to 200 ml
- 200 ml to 500 ml
- 500 ml to 1L
- 1L to 5L
- By Application :
- Industrial
- Medical & Clinical
- Household
- Others
- By Sales Channel :
- Retail Stores
- Hyper Markets
- Big-box retailers
- Pharmacies
- Mom & pop stores
- E-Commerce
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Key Questions Covered in the Hand Soap Market Report:
- What is the projected value of the Hand Soap factors Industry in 2022?
- At what rate will the global Hand Soap factors market size grow until 2030?
- Which are the factors hampering the growth of Hand Soap factors?
- Which region is expected to lead in the global Hand Soap factors market by 2030?
- Which are the factors driving the Hand Soap factors Industry during the forecast period?
- What is the expected market value of the Hand Soap factors market during the forecast period?
Regional Analysis for Hand Soap Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Hand Soap industry. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the industry stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Hand Soap industry, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of industry get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Hand Soap industry and assists to create strategies to overcome the obstacles that may hinder the growth of the Hand Soap industry.
- Leverage: The Hand Soap industry can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Hand Soap industry.
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