Hand Sanitizer Market - Forecast(2023 - 2028)

Hand Sanitizer Market size is projected to reach $3,700 million by 2026, growing at a CAGR of 5.7% over 2021-2026. Hand sanitizer is an effective disinfectant that helps to remove the microorganisms and is available in the form of gel, liquid etc. Hand sanitizer contains 80% of ethyl alcohol that provides more protection against various viruses and bacteria. Hand sanitizer also include 70% of isopropyl alcohol that becomes more effective against virus. Hand sanitizer is also available in the form of hand wipes which contains antifungal and antibacterial properties that also helps in skin care. Hand Sanitizer Market segmentation includes by form, application, type and distribution channel. Moreover, Hand wash also removes all kinds of germs, pesticides, and metals on hands that helps to maintain hand hygiene. Growing awareness about the personal hygiene among consumers and rising government initiatives for the adoption of hand sanitizers is the major factor increasing hand sanitizer sales statistics. Furthermore, increasing incidence of chronic disease and rising research and development activities is set to further enhance the overall market demand for Hand Sanitizer Market for the period 2021-2026.

The report: “Hand Sanitizer Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Hand Sanitizer Market.

By Form: Gel, Liquid, Spray, Foam, and Wipes.

By Application: Domestic/Household, Healthcare, Educational Institutes, Restaurants, and Others.

By Type: Alcohol Based, Quaternary Ammonium Compounds Based, Triclosan Based, and Others.

By Distribution Channel: Hypermarkets, Retail, Online Stores, and Others.

By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).

Hand Sanitizer Market Analysis based on Form Hand Sanitizer Market segmentation includes Gel, Liquid, Spray, Foam, and Wipes. The Gel segment hold the major share in 2020. This is mainly owing to its effective protection from microorganisms as it contains isopropyl alcohol that increases the adoption of gel form sanitizers among consumers. Moreover, gel sanitizer are portable and can spread easily owing to its watery and thin formation that are further increasing the growth of this market. The Foam segment is estimated to register the fastest CAGR of 6.2% for the period 2021-2026. This is mainly owing to its unique property of not sticking to hands neither it leaves any residual marks anywhere such as clothes, floors etc. and hence more favorable options to consumers that are boosting the growth of this Hand Sanitizer Marke research demand. 

Hand Sanitizer Market Analysis based on Application Hand Sanitizer Market can be further segmented into Domestic/Household, Healthcare, Educational Institutes, Restaurants, and Others. The Domestic/Household segment recorded for the highest Hand Sanitizer Market share in 2020. This is mainly owing to rising incidence of COVID-19 cases that increases the demand of various kind of hand sanitizer such as hand wash, hand wipes to maintain hand hygiene and are thus driving its market growth. The Healthcare segment is forecasted to register the fastest CAGR of 7.1% over 2021-2026. This is mainly owing to growing incidence of infectious diseases that increases the use of sanitizers in healthcare centers to provide protection from germs that are driving the growth of this market.

North America dominated the Hand Sanitizer Market with major share of 40% in 2020. This is owing to increasing concern regarding maintenance of health and hygiene and rising availability of hand sanitizers in online as well as offline channels that are driving the growth of this market. According to World Health Organization, about 32 million confirmed cases of COVID-19 occur in 2020 that increases the demand of hand sanitizers among consumers which in turn boosting the growth of this market.

However, Asia Pacific is estimated to be the significant growing market during the forecast period 2021-2026 owing to increasing awareness about hygiene and rising demand of personal care products in Asia Pacific countries. In India, second wave of the COVID-19 pandemic increases rapidly that boosting the demand of sanitizers which in thus driving the growth of Hand Sanitizer Market in this region.

The rising awareness among consumers about the personal hygiene owing to rising infectious diseases is a major factor that is increasing the growth of this market. Moreover, World Health Organization also recommended to use hand sanitizer for self-prevention that increases the need of sanitizer which is a kind of disinfectant which in turn rising the growth of the Hand Sanitizers Market over 2021-2026.

Rising government initiatives for the adoption of hand sanitizers in order to minimize the spread of transmissible diseases are increasing the growth of this Market. Moreover, various regulatory agencies are working together in order to improve the lives of people during pandemic also driving the growth of Hand Sanitizers Market over 2021-2026.

COVID-19 pandemic had greatly affected the growth of Hand Sanitizer Market analysis. Owing to increasing COVID-19 cases, the demand of hand sanitizers increases in order to get protection from virus that increases the production and sales of hand sanitizers and are positively impacted the growth of this market.

The factors that is set to impede the growth of the Hand Sanitizer Market are the stringent government regulation towards hand sanitizers owing to rising usage of chemical ingredients in hand sanitizers that increases the risk of skin disease that is set to create hurdles for the Hand Sanitizer Market.

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Hand Sanitizer Market. Hand Sanitizer top 10 companies are 3M Company, Best Sanitizers Inc., Chattem Inc., Gojo industries INC., Henkel AG & Company, KGaA, Kutol Products Company, Inc, Lion Corporation, Medline Industries, Inc., Nice-Pak Products, Inc., The Procter & Gamble Company, Reckitt Benckiser Group, Skinvisible Inc., Unilever Plc, and Vi-Jon Laboratories.