Hand Sanitizer Market – Global Industry Analysis and Forecast (2023-2029)

The Hand Sanitizer Market reached a value of US $ 3.32 Bn. in 2022. Global Hand Sanitizer Market size is estimated to grow at a CAGR of 5.8%.
Hand Sanitizer Market Dynamics:
The rising prevalence of numerous gastrointestinal, respiratory, and skin illnesses among the population is driving the growing demand for hand sanitizers across the globe. Hand sanitizers containing alcohol can reduce the spread of hazardous germs and viruses on the skin and palms of the hands, resulting in lowering the risk of stomach illnesses, diarrhoea, nausea, and vomiting. Hand sanitizers, as opposed to typical hand washes and soaps, contain chemicals that can help to reduce dryness and irritation on the skin. Manufacturers are working on sanitizers that contain natural and organic components that are non-toxic and do not cause allergies.

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In the commercial sector, such as hotels and food service restaurants, bacteria and germs are not tolerated. Food safety and hygiene laws are extremely strict in the commercial sector. As a result, the commercial sector is pushing employees such as cooks, waiters, barbers, food industry workers, and others to use hand sanitizers on a regular basis. In the hospitality industry, hand sanitizers are becoming more widely used in luxury hotels and other lodgings.

Growing influence of social media and online advertisement, people have been exposed to new trends in personal care and hygiene, which is fueling up the use of hand sanitizers among consumers. People are also exposed to information on cleansers and healthy lives through these adverts. Increased awareness of hand cleanliness among people for reducing nosocomial infections is experiencing growing use of hand sanitizer. As a result, hand hygiene is the most crucial aspect of personal care, resulting in the widespread use of hand sanitizers. In addition, the government promotes the use of hand care products in order to raise consumer awareness and prevent health problems. For instance, the WHO and the FDA, have launched campaigns to raise public awareness about hand hygiene and the dangers of not doing so.
Hand Sanitizer Market Overview:
Hand sanitizer is a disinfectant, often known as hand antiseptic, is a foam, gel, or liquid-based sanitising agent used to kill disease-causing bacteria and viruses on the hands. It contains products that are only available at pharmacies as well as products that can be acquired elsewhere. Hospital sales are not included. Hand sanitizers also contain 70% isopropyl alcohol, which makes them more efficient against viruses. Hand sanitizer comes in the form of hand wipes, which include antifungal and antibacterial qualities that help with skin maintenance. Growing consumer awareness of personal hygiene and increased government attempts to encourage the use of hand sanitizers are two main factors driving up hand sanitizer sales statistics. 2022 is considered as a base year to forecast the market from 2023 to 2029. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

COVID-19 Impact on Sanitizer Market:

The pandemic of COVID-19 had a significant impact on the expansion of the hand sanitizer market. As the number of instances of COVID-19 rises, the need for hand sanitizers rises in order to defend against the virus, resulting in increased production and sales of hand sanitizers, which has a favourable impact on the hand Sanitizer market growth across the globe.

The World Health Organization (WHO) has urged self-prevention using hand sanitizers and regular hand washing due of the unexpected increase in COVID-19 cases. According to WHO, till 25th Nov 2021, there have been 258,830,438 confirmed cases of COVID-19, including 5,174,646 deaths. U.S. has the maximum number of confirmed cases, accounted for 96.386,499.
Hand Sanitizer Market Segment Analysis:
Based on the Form, the Hand Sanitizer Market is segmented into Gel, Liquid, Foam, and Spray.

The Gel Form segment held the largest market share, accounting for 51.31% in 2022. Gel sanitizers are often thin and watery in formulation, which makes them easy to spread and penetrate into the skin, to kill the majority of bacteria and germs. It also required less time to effectually eradicate germs and bacteria as compared to spray and other sanitizers form. The easy product availability and wide access to gel form type of hand sanitizer are generally driving the market growth for this segment. In a several ways, the product reduces microbial populations. In addition, the addition of various flavours that alter the aroma is expected to boost the segment growth in the hand sanitizer market over the forecast period.

The Foam Form segment is expected to witness a significant growth at a CAGR of 6.9% during the forecast period. The segment growth is attributable to its unique quality of not clinging to hands or leaving any leftover stains anyplace (clothing, floors, etc.), which provides customers with more attractive options, is fueling the growth of the hand sanitizer market for this segment.

Based on the End-User, the Hand Sanitizer Market is segmented into School, Restaurant, Hospitals, Households Purpose, and Others. The Hospital segment held the largest market share, accounting for 40.12% in 2022. The increasing requirement of hand sanitizer for the maintenance of hygienic environment in hospitals and clinic are driving the hand sanitizer market growth across the globe. The concerns regarding germs and bacteria among the doctors and nurses along with other staff in hospitals are creating constant demand for product. Increasing number of hospitals across the globe are also driving the segment growth for sanitizer market. For instance, in 2019 there were total 6146 hospitals in United States. The Restaurants and Hotels segment is expected to witness a considerable growth at a CAGR of 5.6% during the forecast period. An increasing awareness towards hygiene and cleanliness among corporate professionals and hotels and restaurant are boosting the product demand across the globe.
Regional Insights:
North America region held the largest market share accounted for 33.2% in 2020. The region's growth is primarily attributed to the high hygiene standards and hygiene awareness among the region’s population. The proliferation of COVID-19 across the region, government along with local players in the country are introducing new products to meet the growing current need of hand sanitizer. For instance, Sparitual, a vegan cosmetic firm based in Los Angeles, announced in March 2020 to make 75% alcohol-based hand sanitizers from its factory to assist combat the spread of COVID-19. According to World Health Organization, more than 32 million confirmed cases of COVID-19 occur in 2020, which has increased the demand of hand sanitizers in region, which in turn fueling the hand sanitizer market growth in the region.

Asia Pacific region is expected to witness significant growth at a CAGR of 6.81% during the forecast period. The region's growth is attributed to growing concern towards health and wellness along with sanitization practices among population. The increasing product availability and increased penetration of both online and offline channels are fueling the market’s growth. The governments from the region are providing assistance to the new market players and increasing investment in the healthcare sector are expected to increase the product demand. For instance, the Indian government has given authorization to more than 45 distilleries and 564 other enterprises to produce hand sanitizers. According to studies, the growing participation of sugar and ethanol distilleries, as well as government assistance India's hand sanitizer production capacity increased 1000-fold from 1 million litres per year to 3 million litres per day.

The objective of the report is to present a comprehensive analysis of the Hand Sanitizer Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Hand Sanitizer Market dynamic, structure by analyzing the market segments and projecting the Hand Sanitizer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Hand Sanitizer Market make the report investor’s guide.
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Hand Sanitizer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.32 Bn.


Forecast Period 2023 to 2029 CAGR:
5.8%
Market Size in 2029:
US $ 4.92 Bn.


 Segments Covered:
by  Form
Gel
Liquid
Foam
Spray


by Distribution Channel
Online
Offline


by End-User
School
Restaurant and Hotels
Hospitals
Households Purpose
Others



Hand Sanitizer Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Reckitt Benckiser Group plc.
2. Procter and Gamble
3. The Himalaya Drug Company
4. GOJO Industries, Inc.
5. Henkel AG and Company
6. Unilever
7. Vi-Jon
8. Chattem, Inc.
9. Best Sanitizers, Inc.
10. Kutol
11. 3M Company
12. Chattem Inc.
13. KGaA, Kutol Products Company
14. Lion Corporation
15. Medline Industries
16. Skinvisible Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Hand Sanitizer Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Global Hand Sanitizer Market?
Ans: The Global Hand Sanitizer Market is growing at a CAGR of 5.8% during forecasting period 2023-2029.

3. What is scope of the Global Hand Sanitizer market report?
Ans: Global Hand Sanitizer Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Hand Sanitizer market?
Ans: The important key players in the Global Hand Sanitizer Market are Reckitt Benckiser Group plc., Procter and Gamble, The Himalaya Drug Company, GOJO Industries, Inc., Henkel AG and Company, Unilever, Vi-Jon, Chattem, Inc., Best Sanitizers, Inc., Kutol, 3M Company, Chattem Inc., KGaA, Kutol Products Company, Lion Corporation, Medline Industries, and Skinvisible Inc.

5. What is the study period of this market?
Ans: The Global Hand Sanitizer Market is studied from 2022 to 2029.