Dublin, May 10, 2024 (GLOBE NEWSWIRE) -- The "North America Hand Sanitizer Market Report by Type, Ingredient, Product Form, Pack Size, Distribution Channel, End-Use, and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
North American hand sanitizer market is anticipated to experience sustained growth, projecting an uptick from US$ 2.0 Billion in 2023 to US$ 2.6 Billion by 2032. This marks a calculated growth rate (CAGR) of 3.0% during the forecast period of 2023-2032.
The hand sanitizer market has established itself as a fundamental segment within the personal care industry in North America. Convenience, efficacy, and the rise in health consciousness among consumers have driven considerable demand. The unexpected onset of the COVID-19 pandemic has catalyzed the market, with a noticeable surge in consumption patterns observed throughout the region, especially during the periods marking the zenith of the occurrence.
With the heightened awareness of personal hygiene practices, the expectations are that consumers will continue to show preference for hand sanitizers. Additionally, the market has seen a diversification in the types of products offered, such as alcohol-based formulations favored for their effectiveness, alongside a growing niche for natural and organic alternatives catering to the environmentally conscious demographic. Segmentation Insights
An array of product offerings, including gels, liquids, foams, sprays, and others, have been charted, responding to diverse consumer needs and application settings. Market breakdown indicates preferences influenced by pack size, distribution channels, and end-use – from individual households to commercial establishments such as hospitals and hotels. Distribution channels play a pivotal role in the accessibility of hand sanitizers, with pharmacies, supermarkets, and hypermarkets traditionally being key facilitators, while the expansion of online platforms opens new avenues for consumer acquisition.
Impact of COVID-19
The COVID-19 pandemic has had a profound effect on industry dynamics, triggering extensive changes in consumer behavior and significantly bolstering demand. Recommendations from health authorities, such as the CDC, along with proactive measures by local governments, have been instrumental in embedding the use of hand sanitizers into the collective societal routine. Regional Highlights
The United States and Canada, as part of the North American market, have presented individual market characteristics and consumption trends, which are thoroughly dissected in the report.
Industry Landscape
The competition within the hand sanitizer sector has been invigorated, with key players contributing through innovative product launches and adherence to higher standards of quality. The industry continues to evolve, with a steady flow of developments and strategic endeavors by established and emerging entities.
Outlook
As the North America hand sanitizer market forges ahead, the inclination towards health and hygiene maintenance is expected to ascend further, paving the way for future advancements and sustained market growth. The detailed analysis provides a foundation for understanding market trajectories and discerning the unfolding competitive landscape, reflecting the adaptability and resilience inherent in this sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 123 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $2 Billion |
| Forecasted Market Value (USD) by 2032 | $2.6 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | North America |
Companies Featured
- Ecolab
- Gojo Industries Inc
- Henkel AG & Co. KGaA
- Reckitt Benckiser Group plc
- Procter & Gamble Company
- S.C. Johnson & Son Inc
- Edgewell Personal Care LLC
- Unilever US Inc and Vi-Jon Group
For more information about this report visit https://www.researchandmarkets.com/r/zavg54
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