The hand sanitizer market is expected to be worth US$ 1.7 billion in 2022, recording a CAGR of 6.6% over the forecast period. The global market’s absolute dollar growth is US$ 1.9 billion. It is anticipated to explode in the next decade, with experts expecting an annual growth rate of 7.2% from 2023-2033 and a market worth of US$ 3.7 billion by 2033.
The healthcare spending is rising, which is predicted to raise public awareness about the need for hygiene and safety in everyday life. Staying hygienic lowers the risk of infection and contamination by any microbe in the body.
Increased sanitary awareness is likely to fuel revenue growth in the hand sanitizer market. Both the expense of treating the illness and the mortality rate was high during the COVID-19 Pandemic. Using hand sanitizers and wearing face masks are two critical approaches to limit spreading of virus and lessen diseases severity.
Get your Sample Report to Boost Your Industry Knowledge for Valuable Insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-707
Key Takeaways
- The hand sanitizer market is expected to record a CAGR of 7.2% from 2023 to 2033.
- The hand sanitizer market in India is primarily driven by the rising trend of aromatic hand sanitizers with natural and eco-friendly chemicals to maintain hand hygiene.
- The hand sanitizer market is dominated by North America region.
- Asia Pacific is the most rapidly rising region.
Key Development
- In response to the COVID-19 pandemic, Honeywell announced an increase in its manufacturing activities at two chemical manufacturing plants in April 2020 to produce and provide hand sanitizer to government agencies. The company’s facilities in Muskegon, Michigan, Seelze, and Germany manufactured these products for government agencies and institutions.
- SC Johnson, a global manufacturer of household and professional cleaning and disinfecting products, converted a line designated for new product testing in April 2020 to produce up to 75,000 bottles of hand sanitizer per month for health workers, first responders, and the company’s own production employees.
- In May 2020, Doctor Shultz’s joined together with the clothing company Ilthy to produce and supply face masks and hand sanitizer. Ahava, released of 3.4 oz. FDA-approved gel hand sanitizer in September 2020. Using skincare skills to minimize bacteria, resulting in less infection. During the COVID-19 outbreak, product advancements are likely to meet the demand for hand sanitizers.
- On March 22, 2022, Dabur Ltd., an Indian multinational consumer products firm, declared that it will stop producing sanitizers owing to shrinking demand, while Radico Khaitan, a liquor powerhouse, reduced pure alcohol manufacturing to supply sanitizer companies.
Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-707
Hand Sanitizer Market Key Segment
By Product Type:
- Foaming Hand Sanitizers
- Foaming Instant Hand Sanitizer
- Instant Hand Sanitizer Gel
- Spray Hand Sanitizer
By Content:
- Alcohol Based
- Non-Alcohol Based
By Active Ingredient:
- Ethyl Alcohol
- Benzalkonium Chloride
- Isopropyl
By Packaging Type:
- Flip Flop Bottles
- Pump Bottles
- Dispensing Packets
- Jars/Cans
By End Use:
- Institutional
- Hospitals & Healthcare
- Offices/Commercial
- Foodservice
- Food Processing
- Schools & Universities
- Manufacturing & Industrial
- Hospitality
- Grocery, Convenience Store & Retail
- Others
- Household
By Pack Size:
- Below 100 ml
- 101 ml-300 ml
- 301 ml -500 ml
- 501 m & Above
By Sales Channel:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Specialty Stores
- Multi-Brand Stores
- Discount Stores
- Independent Departmental Stores
- Online Retailers
- Other Sales Channel
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube