March 23, 2021
According to a 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 valued at USD 1108.90 million in 2019 and is anticipated to grow substantially during 2020-2025.
Apart from Covid-19 pandemic being a major catalyst, increasing government and public spending on health and hygiene products, along with ever increasing population and rapid urbanization in major economies are driving worldwide sanitizer industry growth. Furthermore, fast paced adoption of better hygiene practices due to coronavirus panic is likely to fuel market growth through 2025.
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On the other hand, the business intelligence report also enlists the challenges, and restraints prevailing in the industry sphere, which the vendors need to identify and tackle with well-thought strategies.
Based on type, global sanitizer industry is classified into liquid, foam, gel, and others. Of these, gel-based sanitizers are most popular because of long-established market, and preference among consumers as they are convenient and easy to spread on the hand.
Moving on to end user spectrum, the industry is arrayed into industries & offices, homecare units, and healthcare units among others. Healthcare unit segment is projected to account for the largest market share over the analysis timeframe, owing to growing number of COVID-19 cases worldwide, and rising demand for sanitizers by patients in healthcare units.
On the regional front, North America dominated the worldwide sanitizer market share in the recent years. The report also analyzes country-level contributors such as Canada, United States, India, China, and Germany. Insights pertaining to dormant investment opportunities in various geographies are elucidated to in order to facilitate readers to make informed decisions.
Colossuses influencing global sanitizer market trends are Unilever plc, GOJO Industries Inc., Henkel AG & Co. KGaA, Reckitt Benckiser Group plc, and The 3M Company.