hand sanitizer Market

The global hand sanitizer market was valued at US$ 2,421.1 million in 2018 and is projected to be worth US$ 39,223.1 million by 2027, growing at a CAGR of 40.0% during the forecast period.

Hand sanitizer is a liquid that is used to decrease infectious agents present on the hands and palm. Different forms of hand sanitizers are available in the market, including foam sanitizers, gel sanitizers, wipes, and spray sanitizers. Hand sanitizers are extensively used by the hospitals, restaurants, educational institutions, household, shopping malls, movie theatres, among others. The growing concerns related to public health and safety has raised the demand for hand sanitizer among these users. Thus, the expansion of above mentioned end-use industries is expected to provide new opportunities for hand sanitizer market.

Based on the type, hand sanitizer market is categorized into alcoholic, quaternary ammonia, and triclosan. In 2018, alcoholic hand sanitizer segment led the hand sanitizer market and is expected to continue its dominance during the forecast period. Alcohol-based hand sanitizers typically contain some combination of isopropyl alcohol, ethanol (ethyl alcohol), or n-propanol. Products that contain from 60% to 95% alcohol are most effective. The alcohol-based hand sanitizer is on the list of the World Health Organization's Essential Medicines, as the safest and most effective medicines needed to protect health from germs. Alcoholic hand sanitizer works against a variety of microorganisms. Some products contain compounds such as glycerol to prevent drying of the skin. Alcohol-based hand sanitizer is more convenient as compared to hand washing with soap and water in most situations such as healthcare setting. Antimicrobial properties of these sanitizers has driven the demand for product during the forecast period.

North America has accounted the major share of hand sanitizer market in 2018. Hand sanitizer is a foam, gel, or liquid-based antiseptic solution which is utilized as a choice to cleanser and water. It helps in anticipation of the transmission of contamination that is basically caused through hand transmission, which thus prompts different sicknesses, for example, nosocomial food-borne disease and other infectious diseases. Expanding the purchaser's tendency towards wellness and health is boosting the development of the hand sanitizer market in North America. Improving expectations for everyday comforts, rising health expenditure, developing interest with respect to hand cleanliness, and ideal help from associations, for example, FDA and WHO towards the requirement for sanitation, has been augmenting demand for the hand sanitizer in this region. Increasing demand due to various communicable diseases such as corona virus, is expected to boost the hand sanitizer market in future. Additionally, the introduction of organic and natural ingredients by personal care companies in the manufacturing of hand sanitizers will gain customers' attraction, thus propelling the growth of the hand sanitizer market.

Some of the players present in the global hand sanitizer market are Henkel AG & Company, KGAA, Reckitt Benckiser Group plc, 3M, Ecolab, GOJO Industries, Inc., Unilever plc, The Himalaya Drug Company, Godrej Industries Limited, Procter & Gamble, S.C. Johnson & Son, among others.

The overall global hand sanitizer market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the hand sanitizer market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the hand sanitizer market.