DUBLIN--(BUSINESS WIRE)--The "Hand Sanitizer Market Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The hand sanitizer market is estimated to register a CAGR of 3.52% during the forecast period (2020-2025).
Factors, such as increasing recommendations for the usage of hand sanitizers from organizations, including WHO, and rising awareness among consumers regarding the significance of hand hygiene for the prevention of transmissible diseases, such as COVID-19, are expected to boost the market growth in the forecast period.
- 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
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 the WHO, the number of confirmed COVID-19 cases increased rapidly at the beginning of 2020, rising from 9,826 cases on 31st January to 462,684 cases on 26th March 2020.
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 and Europe have Emerged as the most Prominent Regions
By geography, North America and Europe claimed the highest contribution in the market in 2019, 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 country. In addition, rising government initiatives to increase production and enhance the supply chain of hand sanitizers within the countries of these regions is further expected to boost the hand sanitizer market's growth in the country during the forecast period. For instance, trade associations such as the British Retail Consortium announced that the disruption to the supply chain of hand sanitizers has been limited, and the availability of these products remains good.
Key Topics Covered:
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
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
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products/Services
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.5 Sanitizing Wipes
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Pharmaceutical and Drug Stores
5.2.4 Online Retail Stores
5.2.5 Other Distribution Channels
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 South America
5.3.5 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
For more information about this report visit https://www.researchandmarkets.com/r/4zn503