February 26, 2021
According to the research report titled ‘Hand Sanitizer Market by Product Type; By Distribution Channel; By Regions, Segment Forecast, 2020 – 2026’, available with Market Study Report, global hand sanitizer market is expected to generate revenues worth USD 17.2 billion by the year 2026.
The ongoing COVID-19 pandemic and introduction of WHO guidelines to curb the spread of the disease are some of the key factors driving the growth of global hands sanitizer market. Strict regulatory outlook which promote hygiene and sanitation practices is also fueling the overall market size.
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This robust demand for hand sanitizers has compelled manufacturers to improve their production capacities. Moreover, widespread adoption of the product in commercial, residential and industrial establishments are contributing towards global hand sanitizer industry remuneration.
Based on the product landscape, the liquid segment is likely to emerge as a key revenue contributor for worldwide hand sanitizer industry in the upcoming years. Liquid-based hand sanitizers are quite effective while reducing transmission of infectious diseases. Such sanitizers can also be used to disinfect contaminated areas or objects to curb the spread of the disease, and hence are witnessing high demand.
From the regional point of view, North America presently dominates global hand sanitizer industry in terms of revenue share, owing to increasing production of hand rubs and mounting cases of COVID-19 in the region.
Meanwhile, Asia-Pacific is also likely to develop as a prominent source of revenue for the overall market, considering the region being the largest manufacturer of liquid hand sanitizers. In addition, high occurrence of COVID-19 and growing population are favoring the market outlook.
The major companies in global hand sanitizer market are The Himalaya Drug Company, Zep Inc., Edgewell Personal Care Co., Godrej Consumer Products Ltd., Henkel AG & Co. KGaA, Unilever plc, Skinvisible Inc., Deb Group Ltd., Nice-Pak Products Inc., The Clorox Company, SC Johnson & Son Inc., Reckitt Benckiser Group plc, Procter & Gamble Co., Medline Industries Inc., Lion Corporation, Chattem Inc., Byotrol plc, KAS Direct LLC, EO Products, Vi-Jon Inc., GOJO Industries Inc., Best Sanitizers Inc., and 3M Co. among others.