In-depth analysis and data-driven insights on the impact of COVID-19 included in this hand sanitizer market report.
The hand sanitizer market is expected to grow at an incremental rate of around 595% during the period 2019−2022.
Key Highlights Offered in the Report:
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Hand Sanitizer Market – Segmentation
Hand Sanitizer Market by Product
Hand Sanitizer Market by End-user
Hand Sanitizer Market by Distribution Channels
Hand Sanitizer Market by Functional Ingredient
Hand Sanitizer Market – Dynamics
The manufacturing of hand sanitizers is a simple and straightforward process. There are very few ingredients in hand sanitizers. To attract end-users, vendors have started investing in developing various variants of hand sanitizers, moving away from established traditional offerings to give end-users something unique. This led to the introduction of fragrant and scented hand sanitizers. Currently, there are several hand sanitizers available in the market with fragrances of fresh fruit, Japanese blossom, ocean breeze, spring blue, aloe, strawberry, orange, and grape, among others. Vendor innovations in developing hand sanitizers have resulted in the positive growth of the market. Vendors are using the fragrant ingredients certified by the International Fragrance Association (IFRA). IFRA-certified fragrances assure safety from harmful chemicals. However, there are various low-cost hand sanitizers available in the market that use non-certified fragrant ingredients such as neurotoxins, petrochemical and phthalates, and others. These hand sanitizers pose a greater risk to end-users.
Key Drivers and Trends fueling Market Growth:
Hand Sanitizer Market – Geography
The penetration of hand sanitizers remains all-time high in the US and Canada. North America is likely to gain its share due to the impact of the COVID-19 pandemic and is expected to account for a market share of 34% by 2026. The US is the largest market for hand sanitizers and hand hygiene solutions, and the increasing retail expansion has boosted the market revenue for the same. Healthcare is one of the largest contributors to the US economy, accounting for close to a fifth of the overall gross domestic product. Hence, the US offers vast opportunities for sanitizer vendors in terms of consumption and demand. The case has been so since the outbreak of the COVID-19 pandemic. The natural landscape of North America strongly reflects its physical setting.
By Geography
Major Vendors
Other Prominent Vendors
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