July 13, 2021
According to the recent research report titled ‘Global Sanitizer Market a?? Analysis By Product Type (Gel, Liquid, Others), By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Implications, Competition and Forecast (2020-2025)’, available with Market Study Report, global sanitizer market was worth USD 1108.90 million in 2019 and is expected to record an appreciable growth rate over 2020-2025.
As per the findings of the report, global sanitizer market growth is primarily driven by increasing expenditure on public health and hygiene by government and individuals, coupled with rapid urbanization, and booming population. Besides, widespread adoption of improved hygiene practices owing to the outbreak of COVID-19 pandemic is likely to contribute to the market development.
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The research literature comprises a thorough assessment of the industry behavior, considering 2015-2019 as the historic period and 2020-2025 as the forecast period. It offers strategic recommendations for the key players, to help them build contingency plans and stay afloat during market turbulence. Further, the document elaborates on the competitive landscape, disclosing the status of the top firms, along with other details such as the product/ service portfolios and recent developments.
Based on product type, global sanitizer market is split into liquid, foam, gel, and others. Of these, gel segment is expected to generate modest revenues by the year 2025, creditable to long-time presence, making it more familiar for customers to use and apply. Moreover, it is much easier to spread around the hand, adding to the convenience.
As per end user scope, the industry segmentation comprises industries & offices, home care, health care units, and others. Among these, health care units segment is poised to amass high returns over the coming years, attributable to rising cases of COVID-19, and surging demand for medical services among patients.
Speaking of regional terrain, leading contributors to worldwide sanitizer industry remuneration are North America (Canada, the United States), Europe (Germany), and Asia Pacific (India, China). The report states that North America held a significant market share in 2019.
Major contenders the market trends are Unilever plc, Henkel AG & Co. KGaA, 3M Company, Reckitt Benckiser, and GOJO Industries Inc.