Global Hand Sanitizer Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Hand Sanitizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global hand sanitizer market was valued at USD 2078.80 million in 2020, registering a CAGR of 4.20% during the forecast period (2021-2026).
- Reckitt Benckiser Group PLC
- 3M Company
- Unilever PLC
- GOJO Industries Inc.
- Colgate-Palmolive Company
- L Brands Inc.
- Himalaya Global Holdings Ltd
- Henkel AG & Co. KGaA
- Edgewell Personal Care
- Vi-Jon Inc
Key Market Trends
Increased Attention toward Hand Hygiene due to Rising Coronavirus Disease (COVID-19) Cases
The global outbreak of coronavirus, which has been declared a pandemic in March 2020 due to its rapid transmissibility, has majorly impacted consumer behavior and has led consumers to take more preventive measures regarding personal hygiene maintenance, especially hand hygiene. According to worldometer, As of March 4, 2021, the coronavirus had infected almost 116 million people globally, and the number of death had reached almost 2.6 million. The most severely affected countries include the U.S, India, Russia and UK.
Thus, the increasing number of deaths caused by the virus triggered an alarming response from consumers, with increased attention regarding hand hygiene as a preventive measure from contracting the infection. Moreover, the usage of hand sanitizers is recommended by the World Health Organization, Centre for Disease Control and Prevention, and doctors worldwide, claiming that the use of alcohol-based hand rub is one of the most effective precautions observed against the virus. This factor is currently driving the market growth.
North America holds Largest Market Share
Owing to high awareness existing among consumers about hand hygiene regulatory authorities, like FDA and WHO, initiated awareness campaigns to support the usage of hand sanitizers in the North American region. Acknowledging the market potential, giant manufacturers in the United States are branching out to launch production lines for hand sanitizers, in order to supplement their segments' sales. Also, the local players in the country are introducing new products to fulfil the growing current demand, owing to the spread of COVID-19 across the region.
For instance, in March 2020, the vegan beauty brand, Sparitual, pledged to produce 75% alcohol-based hand sanitizers from its Los Angeles-based factory to help fight the spread of COVID-19. Additionally, due to high price sensitivity, a large number of private-label players are introducing hand sanitisers at lower prices, thereby gaining considerable market shares. Purell is one of the leading brands holding a significant amount of market share across the country.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.4 Sanitizing Wipes
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Pharmaceutical and Drug Stores
5.2.5 Other Distribution Channels
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.3 Asia Pacific
18.104.22.168 Rest of Asia Pacific
5.3.4 South America
22.214.171.124 Rest of South America
5.3.5 Middle East & Africa
126.96.36.199 South Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID 19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/ydsfpp
Laura Wood, Senior Press Manager
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