Selbyville, Delaware, Oct. 22, 2020 (GLOBE NEWSWIRE) -- According to reliable estimates, global hand sanitizer market size is expected to reach a valuation of USD 17.2 billion by the year 2026. The growth is primarily attributed to rising prevalence of COVID-19, supportive regulatory scenario which promote the use of the product, and increasing awareness pertaining to personal hygiene.
The research document also highlights different segmentations of the market which are primarily based on product type, distribution channel, and regional outlook. The study talks about the impact of each market segment on the overall business sphere. Apart from this, the report conducts a thorough SWOT analysis as well as Porter’s Five Forces analysis of the major companies defining the competitive landscape, further enabling improved decision making during investment evaluation.
In fact, WHO (World Health Organization) has recommended the sanitization practices across residential, commercial, and industrial establishments in order to curb as well as prevent the spread of the novel coronavirus. These health advisories from WHO has impelled the demand for hand sanitizers across the globe, thereby augmenting the industry remuneration.
It is to be noted that hand sanitizers are available in two types, namely, alcohol-based and non-alcohol-based. Industry experts cite that alcohol-based sanitizers are currently witnessing high demand. In addition to this, various public and private entities are developing sprinkler-based sanitization solutions in order to avert the transmission of COVID-19, which in turn is adding traction to global hand sanitizer market growth.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/2963848/
Focus among manufacturers towards improving their production capabilities in order to cater to high product demand is positively impacting worldwide hand sanitizer market trends. Additionally, rising adoption of hand rubs in households, departmental stores or supermarkets, industrial sector, and hospitals is stimulating the industry outlook.
Product Landscape
Based on product type, global hand sanitizer market growth is bifurcated into spray, foam, liquid, and gel. Estimates claim that liquid segment accounted for the largest market share in the year 2020 and is expected to showcase similar growth trends in the ensuing years. Rising cognizance among medical staff regarding disease transmission is a prime factor contributing towards popularity of the product across the globe.
On the other hand, worldwide hand sanitizer industry size from gel segment is predicted to expand significantly during the study duration, primarily due to high demand and consumption of the product.
Distribution Channel
Citing the distribution channel, the market is split into supermarket, retail suppliers, hospital pharmacies, and e-commerce. Global hand sanitizer market share from hospital pharmacies is expected to register considerable growth during the forecast period. High conversion rates of staff and patients into consumers has increased the demand for hand sanitizers, further favoring the overall market outlook.
Regional Analysis
From the regional point of view, global hand sanitizer market landscape is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. As per industry experts, North America is anticipated to hold a substantial market share in the forthcoming years. High occurrence of COVID-19 has compelled various companies to emphasize on expanding their production capacities, which in turn is positively swaying the business dynamics in North America.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
Alternatively, Asia-Pacific hand sanitizer industry is reckoned to witness a strong CAGR through 2026, with China and India being the major contributors. Rising number of patients with coronavirus, coupled with increasing production of hand sanitizers are favoring the regional market outlook.
Global Hand Sanitizer Market Share by Product Type (Revenue, USD Million, 2017 – 2026)
- Spray
- Liquid
- Foam
- Gel
Global Hand Sanitizer Market Growth by Distribution Channel (Revenue, USD Million, 2017 – 2026)
- Supermarket
- Retail Suppliers
- Hospital Pharmacies
- E-commerce
- Others
Global Hand Sanitizer Market Regional Analysis (Revenue, USD Million, 2017 – 2026)
North America
- U.S.
- Canada
Europe
- Germany
- France
- Italy
- Russia
- U.K.
- Spain
Asia-Pacific
- India
- Japan
- South Korea
- China
Latin America
- Colombia
- Mexico
- Brazil
Middle East & Africa
- UAE
- Israel
- South Africa
- Saudi Arabia
Global Hand Sanitizer Market Competitive Scenario (Revenue, USD Million, 2017 – 2026)
- The Himalaya Drug Company
- Godrej Consumer Products Ltd.
- Byotrol plc
- Unilever plc
- Skinvisible Inc.
- SC Johnson & Son Inc.
- Zep Inc.
- KAS Direct LLC
- Reckitt Benckiser Group plc
- Medline Industries Inc.
- Lion Corporation
- Deb Group Ltd.
- The Clorox Company
- Henkel AG & Co. KGaA
- Chattem Inc.
- GOJO Industries Inc.
- Procter & Gamble Co.
- Best Sanitizers Inc.
- Edgewell Personal Care Co.
- EO Products
- Vi-Jon Inc.
- 3M Co.
- Nice Pak Products Inc.
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.4. Key take-aways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Hand Sanitizer Market Insights
3.1. Hand Sanitizer- Industry snapshot
3.2. Hand Sanitizer Market dynamics
3.3. Industry analysis - Porter's five force
3.4. Hand Sanitizer Market PEST analysis
3.5. Value Chain Analysis
3.6. Competitive Ranking Analysis, 2019
4. COVID-19 Impact Analysis on Hand Sanitizer Market
4.1. Current Scenario Analysis
4.1.1. Industry trends
4.1.2. Changing guidelines and regulations in healthcare
4.2. Future Growth Impact Analysis
4.2.1. Sustainability and opportunity analysis
5. Hand Sanitizer Market Size and Forecast by Product Type
5.1. Global Hand Sanitizer Market share by Type, 2019 & 2026
5.2. Gel
5.3. Liquid
5.4. Foam
5.5. Spray
6. Hand Sanitizer Market Size and Forecast by Distribution Channel
6.1. Global Hand Sanitizer Market share by Distribution Channel, 2019 & 2026
6.2. E-Commerce
6.3. Hospital Pharmacies
6.4. Retail Suppliers
6.5. Supermarket
7. Hand Sanitizer Market Size and Forecast by Region
Related Report:
Hand Sanitizer Market Size, Share & Forecast, 2020 – 2026
The global hand sanitizer market is expected to witness tremendous revenue growth over the forthcoming years owing to the momentous rise in product demand due to the rising spread of the coronavirus. As enterprises, governments, and non-profit organizations team up to control the impact of the coronavirus, the hand sanitizer market is expanding at a significant rate. With respect to type, the market landscape is further bifurcated into liquid, gel, foam, and others. Among these, the gel type segment is anticipated to register a slowdown in growth over the forecast timeframe. In fact, the gel type segment is expected to witness a CAGR of -2% between 2020 and 2026. The slowdown is growth is being attributed to the widescale availability of the product across the globe.
About US:
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.