Of Hand Sanitizer Market Progress Forecast 2027

Posted by Mrudula Anil Karmarkar on February 1st, 2022

The global hand sanitizer market size is anticipated to reach USD 13.7 billion by 2027, expanding at a CAGR of 22.6%, according to a new report by Grand View Research, Inc. Growing emergence related to regular hand washing and sanitization among consumers owing to recent COVID-19 pandemic have set the tone for the market enhancement during the forecast period.

With the recent virus outbreak leading to panic buying and the resultant shortage of hand sanitizers worldwide, the industry is currently witnessing manufacturers from other industries using their production expertise and facilities to contribute to hand sanitizer manufacturing to help mitigate the supply shortage. Will this help meet the rapid surge in demand worldwide? Our team is working to account for this surge in our estimates. The report will account for Covid19 as a key market contributor.

Major sanitizer manufactures have been ramping up their production capacity as well as improvising the supply chain strategies to cater the unprecedented spike in the sanitizers worldwide. According to a report by Adobe Analytics, the demand for hand sanitizer in U.S. spiked to 1,400% between December 2020 and January 2020.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/hand-sanitizer-market/request/rs1

Hand hygiene forms the most important element of personal care in order to prevent infectious diseases and is expected to act as a key driver for the growth of the market. According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claimed to not to use the product. The 77.0% population in the favor of using hand sanitizer comprised of 37.5% male users and 62.5% of female users.

Hand Sanitizer Market Report Highlights

  • The foam segment is expected to reach USD 3.1 billion by 2027, registering a CAGR of 23.1% from 2020 to 2027
  • The hypermarket and supermarket segment was valued at USD 1.1 billion in 2020 and is expected to reach USD 5.3 billion by 2027
  • In Asia Pacific, the hand sanitizer market is anticipated to witness a CAGR of 23.5% from 2020 to 2027
  • Top players operating in the market are Reckitt Benckiser Group plc; Procter and Gamble; The Himalaya Drug Company; GOJO Industries, Inc.; Henkel AG and Company; Unilever; Vi-Jon; and Chattem, Inc.

Online distribution channel witnesses the fastest growth in the market at a CAGR of 23.2% from 2020 to 2027. Online retailers including Amazon, Walmart, Alibaba, and other such service providers are focusing on continuous availability of the product across the globe. Online distribution channel is widely used in developed countries such as U.S., Germany, and U.K., for purchasing consumer goods and unique personal care products.

 

Like it? Share it!


Mrudula Anil Karmarkar

About the Author

Mrudula Anil Karmarkar
Joined: July 2nd, 2020
Articles Posted: 1,982

More by this author