November 11, 2020
According to the research report titled ‘Europe Hand Sanitizer Market Size By Composition, Type, Distribution Channel, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, Europe hand sanitizer market is anticipated to reach the highly sought-after mark of USD 1 billion by 2026.
Europe hand sanitizer market is witnessing immense growth owing to adoption across healthcare facilities for managing patient health. Moreover, rising demand from hospitals, surgical centers, and nursing homes for the safety of doctors as well as patients amidst COVID-19 outbreak is likely to fuel the industry growth.
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Additionally, efforts taken by companies to cater the rising sanitizer demand by optimizing the distribution channels and supply chains are accelerating the market growth. Also, government’s support in terms of funding manufacturers and distributors is enhancing market remuneration.
With respect to type, the liquid segment of Europe hand sanitizer market is likely to register slow paced growth over the forecast period. This type of hand sanitizers have ability to kill germs quickly as compared to the gel hand sanitizer. Also, high content of alcohol in liquid hand sanitizer, used in hospitals, research institutes, and clinics for their anti-microbial activity will propel the market growth to some degree.
Speaking of distribution channel, Europe hand sanitizer industry is bifurcated into online platform and retail. Among them, the retail segment is further fragmented into pharmaceutical stores, supermarkets, and convenience stores. Moreover, the online platform segment accounted for USD 80.5 million in 2019 and is likely to witness growth over the assessment duration as it saves customer’s time and helps in maintaining social distancing norms during the pandemic.
From a regional perspective, UK hand sanitizer market is expected to show normal growth during the projected timeframe, due to the measures taken by companies to meet the increasing demand for hand sanitizers. Also, spike in government measures to encourage the usage of hand sanitizer is fueling industry growth in the region.
Major players influencing Europe hand sanitizer market trends are Ecolab, Inc., Reckitt Benckiser Group plc, Deb Group Ltd (S. C. Johnson & Son, Inc.), Unilever Global, GOJO Industries, Inc., Henkel AG & Company, Bath & Body Works Direct, Inc., PZ Cussons plc, 3M Company, and PAUL HARTMANN AG.