LONDON--(BUSINESS WIRE)--Technavio has been monitoring the hand sanitizer market in India and it is poised to grow by $ 405.31 mn during 2020-2024, decelerating at a CAGR of over 62% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the hand sanitizer market in India. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Growing demand for product customization is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The market will decelerate at a CAGR of over 62% and the incremental growth of the market is anticipated to be $ 405.31 mn.
Who are the top players in the market?
3M Co., Dabur India Ltd., Emami Ltd., Godrej Consumer Products Ltd., GOJO Industries Inc., ITC Ltd., Marico Ltd., Reckitt Benckiser Group Plc, The Himalaya Drug Co., and Unilever Group, are some of the major market participants.
What is the key market driver?
The rising incidences of infectious/pandemic diseases is one of the major factors driving the market.
How big is the Gel Segment market?
The gel segment will contribute to 61% of the market share.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Dabur India Ltd., Emami Ltd., Godrej Consumer Products Ltd., GOJO Industries Inc., ITC Ltd., Marico Ltd., Reckitt Benckiser Group Plc, The Himalaya Drug Co., and Unilever Group are some of the major market participants. The rising incidences of infectious/pandemic diseases will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this hand sanitizer market in India forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Hand sanitizer market in India 2020-2024: Segmentation
Hand sanitizer market in India is segmented as below:
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Hand sanitizer market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hand sanitizer market in India report covers the following areas:
- Hand sanitizer market in India Size
- Hand sanitizer market in India Trends
- Hand sanitizer market in India Industry Analysis
This study identifies growing demand for product customization as one of the prime reasons driving the hand sanitizer market in India growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hand sanitizer market in India 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hand sanitizer market in India growth during the next five years
- Estimation of the hand sanitizer market in India size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hand sanitizer market in India
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hand sanitizer market in India vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Gel - Market size and forecast 2019-2024
- Foam - Market size and forecast 2019-2024
- Spray - Market size and forecast 2019-2024
- Wipes - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Competitive Scenario
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Dabur India Ltd.
- Emami Ltd.
- Godrej Consumer Products Ltd.
- GOJO Industries Inc.
- ITC Ltd.
- Marico Ltd.
- Reckitt Benckiser Group Plc
- The Himalaya Drug Co.
- Unilever Group
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.