Market Research Blog

Global colored gemstones market is estimated to grow at a healthy CAGR of over 5.7% during the study forecast period 2021-2031, exhibiting a positive recovery from period of muted growth in 2020, according to a latest study by Future Market Insights. The research study tracks colored gemstones market in 20+ countries, offering a lucid analysis on how growth trend will unfold.

Mining operations have been harming the environment for a long time. Numerous businesses have been inspired to conduct themselves more responsibly within the industry by government measures to promote environmental protection.

Some of the players are working harder to maintain the highest level of operational transparency and provide the most ethically sourced coloured gemstones as a result of the shifting objectives of various countries across the world.

One such business, Gemfields, is making multiple steps to alter the mining industry’s culture in light of rising sustainability. The company is dedicated to conducting environmentally friendly mining activities. It collaborates with the appropriate authorities to conduct an evaluation of the environmental impact prior to beginning any operations.

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Key Takeaways from the colored gemstones Market Study

• FMI has forecast the market to rise at a CAGR of 5.7% between 2021 and 2031
• The U.S. will remain dominant market within North America, accounting for nearly 85% of market in the region
• Incessantly rising demand for gemstones will enable the U.K. market exhibit above 8% y-o-y growth in 2021
• Increasing spending power of consumers will support expansion in Germany and France
• China will continue dominating East Asia market, trailed closely by Japan

“Establishment of online B2B store is expected to help the market boast increasing market. To capitalize on existing opportunities, players are engaged expanding their market network by collaborating with end-use industry giants.” says an FMI analyst.

Impact of COVID-19 on the Market

The colored gemstone is a global market with expansive supply chain. Stones travel across numerous borders and many hands before they are embedded in a beautiful jewelry.

The outbreak of novel coronavirus resulted in stopping travel, border closures, holding of shipping and cancellation of numerous trade shows that further hampered the market growth. The outbreak has impacted the industry mining and cutting operations and end use wholesale and retail thus affecting the market. But as the economies enter the reviving phase the market is slowly reflecting growth opportunities.

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Who is winning?

Some of the key players present in the colored gemstones market are Anglo American Plc, Gemfields group Ltd., Petra Diamonds Ltd., Rockwell Diamonds Inc., Gem Diamonds, Ltd., PJSC ALROSA, Swarovski Group, Botswana diamond Plc., Dominion Diamonds Corporation, Mountain Province Diamonds, Inc., Trans Hex Group, Ltd., MIF Gems Co. Ltd., Greenland Ruby, Merlin Diamonds, Ltd., Fura Gems, Inc. and among others. Extensive organization of trade shows, exhibitions and other such events has driven a desire among end consumers to adopt products embedded with colored gemstones.

Colored Gemstones Market by Category

Product Type

• Colored Diamond
• Emerald
• Ruby
• Sapphire
• Others

End-Use

• Jewelry & Ornaments
  • Bangles
  • Necklaces
  • Pendants
  • Earrings
  • Rings
  • Anklets
  • Brooches
• Luxury Arts

Product Format

• Natural
• Synthetic

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa (MEA)
• Oceania

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The organic cosmetics market is estimated to grow at CAGR of 5.0% throughout the forecast period 2021-2031. Natural claims have sparked the sustainability quotient in addition to being significant product purchase drivers when paired with product efficacy claims and brand identity.

Customers now demand total transparency from cosmetics producers regarding their sourcing practises, goods, ingredients, and environmental practises. As the requirement to prove their social and environmental credentials develops, more cosmetics companies and manufacturers are searching for ways to redefine their own brands through sustainability-focused items, services, and customer experiences.

The packaging trends in the personal care sector have evolved to incorporate more secure, natural formulas, and practical packaging. Natural solutions are being employed more and more in product packaging as a result of the excellent response they are receiving from the product industry. The businesses’ marketing techniques call attention to profitable container designs while also advocating natural solutions.

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Key Takeaways from the Organic Cosmetics Market Study

• FMI in its latest study has forecast the market to rise at a CAGR of 5.0% between 2021 and 2031
• The U.S. will emerge as a key market, accounting for nearly 80% of organic cosmetics market in North America
• Growth in the U.K. will remain moderate. FMI forecasts the market to record nearly 1.9% Y-o-Y growth in 2021
• While Germany and France too will continue exhibiting demand for organic cosmetics, Italy is expected to emerge as a lucrative pocket in Europe
• Japan, China, and South Korea will emerge as key markets for organic cosmetics in East Asia. Of these, Japan is likely to dominate

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has created a variety of challenges for both the supply side and the demand side. The temporary regulation that regional governments adopted to limit mobility has seriously harmed supply chains.

Additionally, the general shift in consumer spending from discretionary to essential goods has had a negative impact on market growth. The way that firms operate globally is changing as a result of e-commerce. In actuality, e-involvement commerce has expanded throughout all industries as a result of the Covid-19 epidemic and lockdown.

The population segment that is not accustomed to online buying has also accepted it because it is the only option. There are many chances for companies and online services to work together to boost customer engagement.

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Who is winning?

Estee Lauder, L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group are a few notable companies in the organic cosmetics business. The Himalaya Drug Company, Babylist Inc., The Clorox Company, The Honest Company, Avalon Organics, and KORA Organics are a few examples.

To acquire a competitive advantage over other market participants, players are aggressively investing in order to encourage and support product development. The creation of an innovative product portfolio and portfolio expansion is the most popular strategy among the major businesses. Innovation is the instrument used to entice and persuade consumers to purchase a particular product category. By highlighting a product’s USP, which typically varies from one brand to another, it aids in separating one product from another.

The value of pet grooming market  is poised to total US$ 1.3 Bn in 2022. Growing trend of pet humanization across the globe is spurring demand for pet grooming products, which is expected to boost sales at a healthy 6.2% CAGR. Against this backdrop, the market valuation will reach US$ 2.5 Bn by 2032.

While supply shortages affected market’s capital performance in Q1 of 2020 and initial weeks of Q2 of 2020, sharp decline in consumer demand has been key factor behind sales dip. COVID-19-induced lockdowns and measures have triggered physical retail closures for extended time periods worldwide, leading to notable decline in demand.

Pet Grooming Market Size Study

• Sales of pet grooming products will rise nearly twice over 2022-2032
• About 6 out of 10 pet grooming products to be sold will be conditioners & shampoos
• Majority of pet grooming products will be developed for dogs and cats
• Economy/mid-range pet grooming products continue to generate greater total returns to shareholders
• Market players to channelize their investments towards modern trade over following decade
• North America and Europe will remain epicenter of growth opportunities, owing to surging trend of pet humanization

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“Retailers have to step up from economical and mid-priced pet grooming products to premium ones to encourage pet owners to spend more and experience better quality. Ensuring enhanced consumer experience in click and brick-and-mortar stores will allow pet owners to leverage both offline and online platforms,” says analyst at FMI.

COVID-19 Impact on Pet Grooming Market

While the global retail industry has taken hard hit due to COVID-19 pandemic, in particular, certain sub-categories of the industry have sustained the shockwaves, thanks to stay-at-home protocol. Among these is the pet grooming market.

New market entrants are actively looking for countercyclical categories amidst the public health crisis. Future-approved business models must include competitive pricing structure, clear value proposition, and unique delivery mechanism. In addition, stakeholders must ensure to integrate subject matter experts including, skilled pet professionals, into their advisory board to authenticate medical claims, product concepts, and lend credibility.

With more people owning pets and owners increasingly spending to improve health and lifestyle of their pets, the global pet grooming industry will experience unprecedented growth during this tough phase.

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Pet Grooming Market – Competitive Intelligence

The global pet grooming market is highly fragmented, with presence of several players joining industry competition. Market players are continuously involved in developing cutting-edge products with an aim to expand their consumer base and, in turn, ensure better margins. For instance,

• Australia-based, Oakwood Products has rolled out assembly of pet care and grooming products in the US. The products – derived from ingredients native to Australia – are developed to keep pets’ coats professionally shiny and clean. The assembly includes nine product SKUs containing conditioners, shampoos, pet odor and stain removers, and grooming tools.
• Atronia Innovations has developed new pet grooming device – Groomade – using cutting-edge air-touch technology. The proprietary technology ensures that any non-skilled individual can trim, comb, and groom his/her pet’s hair and fur akin to professionals. Moreover, the innovative product creates perfect cuts, is ideal for all dog breeds’ fur and coat types, and vacuums every hair strand that falls off during grooming session.

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Sales of sponge and scouring pads market is estimated to grow over 4% in 2030. FMI studied 12 factor that influences sponge and scouring pads purchase and reached to the conclusion.

The report offers an executive level blueprint of the market, uncovering the hidden opportunities and potential threats. According to FMI, commercial segment will account for the lion’s share of sale witnessed in the market.

However, growth witnessed in the market is expected to be stunted owing the unprecedented COVID-19 outbreak, which compelled governments to impose strict curbs. As restaurants and food service chains remain shuttered, the sales of sponge and scouring products will significantly decelerate. Nonetheless, FMI forecasts the demand from the household segment to rise steadily helping the market stay afloat.

Driven by the rising demand for efficient methods of home cleaning, manufacturers are expected to focus on innovations. Despite limited scope of product differentiation, they are expected to research on various materials to make scouring pads and sponges suitable for various cleaning purposes.

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FMI offers in-depth insights into the global sponge and scouring pads market. Some of these are:

• Overall demand growth is projected to remain over 4% till 2030
• Among materials used steel will remain more popular. Early entry has enabled steel-based sponges and scouring pads to penetrate deeper into the market
• Polymer-based scouring pads are cheaper than their steel based counterparts. Higher demand for polymer scouring pads is likely especially for cleaning more delicate surfaces
• Kitchen utensils will account for higher share in the market among applications
• Household spending on sponge and scouring pads reported to increase in first half of 2020
• Online sales of sponge and souring pads reported three-fold increase in H1 2020 comparing against H1 2019
• Regionally, North America is expected to remain highly lucrative market for sponges and scouring pads

“Significant growth is likely in the household segment. The rising population and higher focus on maintaining clean environment in homes will drive demand in the category. The market will particularly gain due to rising middle-class population and their willingness to spend on efficient cleaning solutions,” said a lead analyst at FMI.

Who is winning?

Global sponge and scouring pads market is largely fragmented with a handful of companies have worldwide reach. Though, in terms of market value, these global corporations lead the share cart. Almost three fourth of the companies operating in global sponge and scouring pads market operates locally. Since, it is a low complexity and low valued products all such small and large companies have sponge and scouring pads in their portfolio as a subset offering of a large SBU.

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Some of the leading companies operating in the sponge and scouring pads market are The Clorox Co., Reckitt Benckiser Group Plc, The Procter & Gamble Co., The Libman Co., and Unilever Group,  The Crown Choice; Scrub-It, O-Cedar, 3M, Weiman Products, LLC.., Amway, among others.

They are more likely to focus on expansion of their ecommerce presence to reach wider base of consumers. Besides this, they will continue investing in product launches and advertising campaigns to gain competitive edge.

Key Segment

Product Type

• Sponges
• Sponge Scrubbers
• Hand Pads

Material Type

• Steel
• Polymer

Application

• Commercial
• Residential

Price Range

• Economy
• Mid-Range
• Premium

Sales Channel

• Wholesalers/ Distributors
• Modern Trade
• Convenience Stores
• Departmental Stores
• Specialty Stores
• Online Retailers
• Others

Region

• North America
• Europe
• Middle East and Africa
• East Asia
• South Asia
• Oceania
• Latin America

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Dubai
United Arab Emirates
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The global vegan cosmetics market is anticipated to surpass US$ 20 bn by 2030, likely to Grow Moderately during the assessment period -2030 . The market for vegan cosmetics will expand as a result of the fast shifting consumer preferences brought on by rising environmental concerns and the spiralling demand for cruelty-free and vegan cosmetics.

In the upcoming years, it is anticipated that the market for vegan cosmetics would grow significantly. The vegan cosmetics sector is growing thanks to protests against animal testing. In the West, the tendency is spreading at an unprecedented rate, and according to FMI, it will soon be common in many high-potential areas throughout the world.

Recent surveys indicate that British women are more inclined to buy cruelty-free cosmetics, yet only one-third of them rigorously adhere to the vegan lifestyle. FMI considers that social trends like the “clean beauty”

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Online channels has therefore evolved into a crucial window of sales for the market. Future Market Insights offers exclusive information on the global vegan cosmetics market. Some of these are:

• Sales via ecommerce platform is expected to rise at a higher pace than physical stores
• The U.S. market for vegan cosmetics is forecast to surpass US$ 3 Bn by the end of 2025
• The presence of several established and regional brands has rendered global vegan cosmetics market highly competitive.

Who is winning?

The global vegan cosmetics market is a fragmented one, exhibiting the presence of several leading companies. Some of the market players profiled in the report are Ecco Zuzu Luxe, Bella, Bare Blossom, Urban Decay, Modern Mineral Makeup, Emma Jean Cosmetics, Arbonne, Pacifica, Beauty without Cruelty, Nature’s Gate, Billy Jealousy, and MuLondon Organic.

These companies are expected to focus on product launches and research and development to gain competitive advantage in the market.

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Vegan Cosmetics Market Key Segment

Product Type

• Facial Products
• Eye Products
• Lip Products
• Nail Products

Packaging Type

• Pumps & Dispensers
• Compact Cases
• Jars
• Pencils and Sticks
• Tubes
• Others

Consumer Orientation

• Men
• Women
• Kids

Price Range

• Mass
• Premium

Sales Channel

• Wholesalers/ Distributors
• Modern Trade
• Convenience Stores
• Departmental Stores
• Specialty Stores
• Online Retailers
• Others

Region

• North America
• Europe
• Middle East and Africa
• East Asia
• South Asia
• Oceania
• Latin America

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

Future Market Insights,
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The garment steamer market is expected at a USD 1.93 billion in 2022 and is projected to reach USD 3.04 billion by 2030, at a CAGR of 6.0% from 2022 to 2030. Share of Garment Steamer market in its parent market (Electric Iron Appliances market) is approximately ~30%-40%.

Currently, consumers have unrestricted access to information via both online and physical media. As a result, they are now more than ever made conscious. Consumers’ purchasing choices frequently reflect their product expertise and growing desire to buy household appliances with advanced technology.

Although it has not yet reached saturation, the market for garment steamers is extremely competitive. Market companies are now required to keep their product prices competitive due to frequent new introductions and declining consumer brand loyalty.

Manufacturers are putting more effort into making their products user-friendly, according to FMI. To win over customers, they are presenting simple operating procedures, improved convenience in maintenance, and portable and light-weight designs.

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Consumer tendency for using products for different purposes has increased. This tendency could hamper growth prospects for the market. However, manufacturers are trying to use this very aspect to their benefit.

An increasing number of them are promoting the multi-purpose uses of garment steamers, which can be used for cloth steaming as well as drying. The inclusion of multiple features will enable the companies to tap into the prevailing trends.

Driven by these factors, the global garment steamer market is expected to surpass US$ 1.4 Bn by 2020. FMI offers in-depth analysis of the garment steamer market in its report. Some of the key takeaways from the report are:

• An increasing number of companies are expected to capitalize on the trend of product premiumization. Targeting mass audiences is not enough for companies to sustain in the competitive market hence they are likely to leverage brand power to uptick sales
• Online platforms are expected to emerge as highly lucrative sales channels. Consumer inclination towards purchasing online to avail various offers will aid the expansion of the segment
• Behemoths such as Walmart Inc., Amazon.com, Inc., and others are likely to leverage their online presence as well as venture into offline sales. This could make competition prevailing in the market fiercer
• The demand in handheld garment steamer segment is expected to surge exponentially. The utility and efficiency of these products with regards to advanced features and easy storage will spur their sales
• Europe is expected to remain dominant garment steamer market through the course of the report’s forecast period

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Who is winning?

Some of the key players operating in the garment steamer market Koninklijke Philips N.V., Groupe SEB, Panasonic Corporation, Electrolux AB, Jiffy Steamer Company, LLC, Bear Down Brands LLC, Pursteam Company, SALAV USA, MARYANT, INC., Reliable Corporation, Hamilton Beach Brands Holding Company, AICOK, Pro Breeze, Steamfast Company, Stanley Black & Decker, Inc., Conair Corp., Secura Inc., Epica company, LG Electronics, Godrej & Boyce Mfg. Co. Ltd., IFB Industries Ltd., Samsung Electronics, GE Appliances, Midea Group Co., Ltd., Shanghai Flyco Electrical Appliance Co., Ltd., Haier Group Corporation, and among others.

Garment steamer companies are investing in product innovation and technology, expanding their footprints, and launching new products to cater to the growing demand in the market. This will allow companies to increase their brand awareness and will help them gain competitive advantage. The market is therefore witnessing a slew of launches. Some of these are:

• In 2020, PurSteam launched its newest portable/handheld garment steamer.
• In 2019, AICOK launched its upright garment steamer, BG525 with adjustable pole from 81.9cm/ 32in to 165cm/ 64.9in.
• In 2019, Panasonic Corporation launched upright garment steamer, NI-GWE080 with a fabric board for stability of ironing.

Market Segmentation

Product Type

• Handheld/ Portable garment steamer
• Upright/Non-Portable garment steamer

Power

• Below 750 Watt
• 750-1000 Watt
• 1000-1500 Watt
• 1500-2500 Watt
• 2500 Watt & Above

Water Tank Capacity

• Below 500 ml
• 500 ml- 1 Litre
• 1-2 Litre
• 2-3 Litre
• 3-4 Litre
• 4 Litre & Above

Material

• Plastic
• Anti-Lock Braking System (ABS)
• Metal
• Aluminium
• Stainless Steel
• Cast Iron
• Ceramic

Price Range

• Economy/ Mid-Range
• Premium

End User

• Households
• Others
• Commercial
  • Hotel & Restaurants
  • Hospitals
  • Long Term Care Centers

Sales Channel

• Direct
• Indirect
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Independent Small Stores
  • Discounted Stores
  • Online Sales Channel
  • Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
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The incontinence skincare products market  is estimated to reach at USD 2.80 billion in 2022 and is projected to reach USD 4.0 billion by 2030, at an approximate CAGR of 5.36% from 2022 to 2030. Share of Incontinence Skincare market in its parent market (Skincare market) is approximately 7%-10%.

The demand for Incontinence Skincare products is significantly high among the geriatric consumers. In the year the 2021 the market value was approximately US$ 2.0 Bn which is estimated to reach US$ 2.80 Bn.

However, the prevalence of urinary incontinence has surged among younger population, encouraging market players to create advertising campaigns targeting them. There is also increasing focus on offering products in thinner and more discreet packaging. They are attempting to make their products appear more stylish and less medical to help normalize the category.

Key Points Covered in Incontinence Skincare Market Survey

• Market estimates and forecast 2015-2030
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Global Incontinence Skincare Market and How to Navigate
• Recommendation on Key Winning Strategies

However, the region is currently experiencing more intense rivalry due to great growth prospects. Overall, this may have a favourable impact on product innovations, but the continued presence of intense competition may present difficulties in the future.

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Some of the key takeaways from the report are:

• Growth is being fueled by inclusive social media marketing and the expansion of ecommerce platforms. Players in the market are increasing their portfolios in addition to using their brand equity to achieve a competitive edge.
• The demand for gels and oils will continue to be strong, solidifying their position as the top product category.
• Unprecedented COVID-19 outbreak will boost sales because people are more likely to stock up on necessary medical supplies when they have to spend a lot of time alone. “Some of the top companies in the global market for incontinence skincare products are likely to tailor their product lineups to meet consumer needs.
• This also explains why the cream area of the product market has experienced the highest growth rate overall.
• Their emphasis on raising awareness will become more important, especially as other market participants work to solidify their position. the most

COVID-19 Outbreak to Spur Sales of Incontinence Skincare Products

The market is witnessing higher sales due to the unprecedented COVID-19 outbreak. Since majority of consumers are aged or seniors, there is higher demand for incontinence skincare products as they stockpile on essential medical supplies to sustain during extended periods of self-isolation.

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The market is expected to showcase a strong performance driven by the rising aging population and openness to incontinence skincare solutions brought about by rising awareness.

Who is winning?

Some of the companies profiled by FMI are Coloplast A/S, Svenska Cellulosa AB, GAMA Healthcare Ltd., 3M Company, Vernacare Ltd., Attends Healthcare Group Ltd., ConvaTec Group PLC, CliniMed, Ltd., Kimberly-Clark Corp., B Braun Melsungen AG, Hollister Incorporated, McKesson Corporation, Smith & Nephew Plc, Ontex Group N.V, Medline Industries Inc., among others.

Several incontinence skincare products companies are launching campaigns to spread awareness and break the existing stigma restricting users to invest in better hygiene. One such company is Sensual Cellulosa AB that is frequently launching campaigns to promote incontinence awareness among consumers.

Global Incontinence Skincare Products Market by Category

By Product Type, Global Incontinence Skincare Products Market is segmented as:

• Creams
• Lotions
• Washes/Cleansers
• Wipes
• Gels/Oils

By Price, Global Incontinence Skincare Products Market is segmented as:

• Low
• Medium
• High

By End-User, Global Incontinence Skincare Products Market is segmented as:

• Men
• Women
• Kids

By Sales Channel, Global Incontinence Skincare Products Market is segmented as:

• Hypermarkets/ Supermarkets
• Pharmacy/Drug stores
• Convenience stores
• Wholesalers and Distributors
• Online Retail Sales

By Region, Global Incontinence Skincare Products Market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• MEA

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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The hand sanitizer market is anticipated o reach at 1.62 USD billion in 2022 and is projected to reach 2.81 USD billion by 2030, at a CAGR of 6.59% from 2015 to 2030. Share of Hand Sanitizer market in its parent market (Health Care market) is approximately ~2.0%-5.0%.

Owing to these factors, instant hand sanitizer gel accounts for the highest share in the hand sanitizer market. It is also expected to remain dominant through the course of the forecast period. According to the report, the overall hand sanitizer market can be bifurcated into foaming hand sanitizers, foaming instant hand sanitizers, instant hand sanitizer gel, and spray hand sanitizers in terms of product type.

Covid-19 which had started in China, is now labelled as a pandemic worldwide. As of 7th April, 2020, the total positive cases recorded across the globe were 1.3 Mn and 76,344 total number of deaths. It has effected 209 countries and territories so far. Except essential products and services, all businesses are temporarily under lockdown which is impacting the global economy. Online retailers also face various challenges in product delivery due to country lockdown, and low stock availability.

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However, initiatives taken by various governments’ across the globe to create awareness among people and check the growth rate of people getting infected. This shows positive sign of regularity in coming quarter for few countries such as China, India etc.

On the back of these factors, the global hand sanitizer market is estimated to be valued at ~US$ 1.62 Bn in 2022 and expected to expand at 7.14% CAGR during the forecast period of 2022-2030.

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Key Takeaways from the Hand Sanitizer Market Study

• North America is expected to dominate the global hand sanitizer market owing to rise in prevalence of COVID-19 disease among people in US and states. Moreover, the healthcare facilities are installing new hand hygiene technology and relying on it to change hand hygiene behaviour among staff and visitors, are the factors driving the hand sanitizer market in the region.
• East Asia is expected to retain its dominance in the global hand sanitizer market, due to expanding government initiatives to promote the usage of hand hygiene products in order to reduce infections along with increase product availability at hospitals and other healthcare centres in the region.
• According to the report, prominent players and new manufacturers have significantly increased their production capacity to ensure the continuous supplies of hand sanitizer across the globe due to the rise in demand for such products among households, hospitals, and other healthcare facilities.

Packaging, a Key To Brand Differentiation to Propel Hand Sanitizer Sales

People are likely to be more attracted to innovative packaging of hand sanitizers as compared to impact of key ingredient in the products. Thus, innovative packaging design, new product colour is expected to boost sales of the hand sanitizer worldwide. Unilever PLC, Henkel AG & Company, KGaA and other companies uses attractive packaging strategy to increase their sales of hand sanitizers.

In addition, with the increasing adoption of hand sanitizer among people manufacturers are now focused on selling premium hand sanitizer to expand their product portfolio and market share. The premium hand sanitizer with key ingredients and different functionality including moisturizing, germ killing, fragrances, and many more is significantly taking retail space across the globe. Moreover, people are now ready to spend on premium sanitizer due to their high concern for health.

“Due to SARS and MERS coronavirus outbreak various organizations have significantly shifted their production line to produce alcohol based hand sanitizer. Moreover, prominent raw material suppliers have also increased their production capacity to develop ethanol or ethyl alcohol, and Isopropyl ingredient to support the production of hand sanitizer worldwide,” says an FMI analyst.

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Who is winning?

Some of the key players operating in the hand sanitizer market are The Procter and Gamble Company, Gojo industry Inc., Reckitt Benckiser Group PLC, Best sanitizers Inc., The Himalaya Drug Company, Henkel Corporation, Unilever, Kutol Products Company, Linkwell Corporation, Vi-Jon Laboratories, Inc., Chattem Inc., Cossmic Products, Carroll Company, Seatex Ltd., and Guangzhou Beaver Cosmetic Co., Ltd.

Several leading hand sanitizer players are launching new innovative products with multiple features due to increasing consumer interest in chemical free products and significantly focuses on promotional activities to create awareness among people. At present, manufacturers are focusing on increase in production capacity to have a surplus inventory and cope up with growing market demand as well as increase product availability in the retail shelf space.

• In March 2020, The Procter and Gamble Company has increased its production capacity and distribution of hand sanitizer in five manufacturing facilities around the globe. In the coming days, company’s production facility will expand to five additional location worldwide with the capacity of 45,000 litres per week.
• In March 2020, Unilever entered into a strategic partnership with UK government and co-fund a US$ 61.1 Bn hand washing campaign to create awareness among people during the ongoing Covid-19 pandemic. Campaign to reach people through TV, Radio, Print, Social, and digital media Channel.

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

Future Market Insights,
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The global secondhand apparel market is estimated at US$ 71,225.6 million in 2022 and is projected to expand at a prolific CAGR of 14.8% from 2022 to 2032, reaching a valuation of US$ 282,748.6 million by 2032. Growing popularity of secondhand apparel among general masses due to their less expensive nature and better quality is a key factor driving demand for secondhand apparel in the market.

With the globalisation, the fashion industry considerably transformed. Changes in lifestyles as a result of industrialization, urbanisation, economic development, and globalisation have accelerated sales in the fashion industry last decade, particularly in developing countries and regions in rapid socio-economic transition.

E-commerce has transformed shopping experiences, with more than 60% of people choosing to buy products, services, and obtain commodities via the internet. Home delivery, subscription models, and other perks are major reasons for this change.

Product reviews and other features of e-commerce help merchants to study purchase patterns, and trends to create products and services that meet the needs of potential buyers. This provides useful information that retailers can use to develop effective marketing strategies.

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The presence of companies such as ThredUP and Poshmark that cater to the demand for inexpensive and ecological alternatives to new clothes will push growth in the coming years. The expansion of online distribution channels also will bode well.

To retain clients, numerous fashion retailers are implementing recycling initiatives and releasing new collections of clothing made from eco-friendly fibers. Increasing consumer awareness of online resale platforms and fast-growing online start-ups offer pre-owned branded and designer goods and rental ethnic wear.

• Shirts & t-shirts are expected to hold a market share 29% in 2021 owing to changing consumer preference with an expanding working woman labour force.
• Online retailing is likely to remain a lucrative channel of distribution over the forecast period with a 18.7% CAGR owing to the wider choice of products.
• Sub-Saharan Africa will dominate MEA accounting for more than 50% of the value share through the end of 2031, owing to the popularity of used clothes.
• Pakistan accounts for more than 40% of secondhand apparel sales in South Asia, owing to the presence of a large lower socio-economic consumer base.
• Guatemala leads in the Latin America accounting for over 30% value share through the forecast period.

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Impact of COVID-19 on the Market:

Consumers are not just buying fewer non-essential items, but they are also buying higher-quality clothing rather than cheap and disposable options. Customers have also transitioned from offline to online shopping options.

During the COVID-19 crisis, e-commerce has been dominant and retailers have invested in an online presence. Prior to the shutdown, internet retailers devised interim methods for the sales of their wares online.

The secondhand apparel market has been hampered by a labour shortage in the industry. Reduced transactions over viral transmission fears are have also caused issues in the short term.

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Who is Winning?

Key players in the secondhand apparel market are aiming for strategic collaborations and other marketing strategies to expand their business and attract a larger customer base.

Some of the key players present in the secondhand apparel market are ThredUp Inc., The RealReal, Patagonia Inc., Poshmark, StockX, Vinted, eBay Inc., Micolet, Thrift+, Tradesy Inc., Chikatex, HunTex Recycling Kft, A&E Used Clothing Corporation, Mobacotex, Percentil. Maroc among others.

Secondhand Apparel Market by Category

By Sector:

• Resale
• Traditional Thrift Stores and Donations

By Product Type:

• Dresses & Tops
• Shirts & T-shirts
• Sweaters, Coats & Jackets
• Jeans & Pants
• Others

By Target Population:

• Men
• Women
• Kids

By Sales Channel:

• Wholesalers/Distributors
• Hypermarkets/Supermarkets
• Multi-brand Stores
• Independent Small Stores
• Departmental Stores
• Online Retailers
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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