According to the research report titled ‘Hand Sanitizer Market Size By Type, By Composition, By Distribution Channel, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global hand sanitizer market is likely to witness significant growth during 2020-2026.
 

Increasing demand for hand sanitizers due to growing prevalence of COVID-19 is a major factor propelling the market growth. Enterprises, non-profit organizations, and governments have teamed up to control the spread of the coronavirus, contributing to the market growth. Moreover, several brewers are opting to turn their alcohol reserves into various hygiene products to draw profit from current situation, which in turn is augmenting the market outlook.
 

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With respect to type, the market is bifurcated into gel, liquid, and foam. Among them, gel based hand sanitizer segment is expected to experience a sluggish growth over the forecast period, due to overabundance of the product across the globe.
 

With regards to the distribution channel, the market is segmented into online platform and retail. The report cites that retail segment is estimated to showcase -3% CAGR over 2020-2026, mainly due to easy availability of hand sanitizer in near-by stores.
 

In terms of composition, hand sanitizer market is divided into alcohol-based and alcohol-free. As per the report, alcohol-free sanitizer segment held 7% market share in 2019 and is likely to witness substantial growth in the coming years.
 

From a geographical standpoint, LATAM hand sanitizers market was accounted for USD 56 million in 2019 and is estimated to register notable growth through 2026, due to rising COVID-19 cases in Brazil and Mexico.
 

Key players operating in global hand sanitizer market are Bath & Body Works Direct Inc., 3M Company, ITC Limited, Vi-Jon Inc., Kutol Products Company Inc., Reckitt Benckiser Group plc, Best Sanitizer Inc., Godrej Group, Certus Medical, Unilever, GOJO Industries Inc., The Himalaya Drug Company, Ecolab Inc., PZ Cussons, Hartmann Group, and Deb Group Ltd (SC Johnson & Son Inc.).