Hand Soap Market Insights and Trends 2020, Forecast to 2030Posted by sachi kaushik on March 23rd, 2021 With Europe and North America leading the hand soap market, the market is currently pegged at more than US$ 23 Bn. Projected growth rate is anticipated to be 7.2% over the forecast period (2020 to 2030). Hand soaps have soared on popularity and have continued to penetrate industrial, medical & clinical and other niche applications. The success of hand soap market lies in targeted marketing and branding of their products through various media channels. To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4718 Demand for hand soap is set to soar with the ongoing COVID-19 pandemic and panic buying as precautionary measures are being implemented worldwide. Accelerated demand has significantly increased the supply demand gap. In this quarter, i.e., 1st quarter of 2020, hand soap market has become inelastic, which portrays a clear picture of independence of price with growth in demand due to release of WHO directives of hand hygiene owing to the COVID-19 pandemic. Key Takeaways of Global Hand Soap Market
“Hand soap is gradually topping consumers’ wish list owing to targeted branding. This is despite lower budget constraints, thus increasing the rate of returning consumers” says a Fact.MR analyst. Strong Foothold of Hand Soap Titans has put New Entrants at Bay Hand Soap market stakeholders have generated greater profit margins in the historical period of 2015-2019. According to a Fact.MR consumer survey, consumers have set their expectations and choices limited to only select companies. This has become a barrier for new entrants in the market. Market stakeholders such as Johnson & Johnson, Reckitt Benckiser, Unilever, Henkel, ITC, Procter & Gamble, Amway etc., have a strong foothold across various regions in the hand soap market. More Valuable Insights on Hand Soap Market: Fact.MR, in its new offering, presents an unbiased analysis of the global Hand Soap market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the Hand Soap market on the basis of pack size (100ml to 200ml, 200ml to 500ml, 500ml to 1L and 1L to 5L), application (household, industrial, medical & clinical and others) and sales channel (retail stores (big-box retailers, pharmacies, mom & pop stores and hypermarkets) across six major regions. About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: Corporate Headquarter: Like it? Share it! More by this author |