Global Hand Sanitizer Market is anticipated to rise at a value CAGR of 23.1% over 2019-2028. According to a study published by Insure Insights on the Global Hand Sanitizer Market. Hand Sanitizer is in the form of liquid, gel, or foam generally used to decrease infectious agents on the hands; it is being used instead of washing hands, rubbing a hand sanitizers kill most germs present in the hands. They can be either alcohol-based or alcohol-free. It is most widely used in the healthcare division for doctors and nurses and is widely used in the Pharmaceutical industry. It is used to prevent infection of diseases caused by hand transmission. Advertisements and commercialization of Hand sanitizers, especially due to the covid-19 outbreak, have further expanded the growth of the market.
Top Driver: The Coronavirus Outbreak have driven the growth of the market
The outbreak of Covid-19 has significantly increased the demand for hand sanitizers around the globe due to the rise in the awareness regarding hand hygiene. The advantage of hand sanitizer, i.e., it doesn’t require water for cleansing, has further propelled the demand. The government promoting the use of hand sanitizer in order to decrease the spread of coronavirus has escalated market growth further.
Gel sanitizers have dominated the growth in the Global Hand Sanitizer Market
Based on the Product, Gel hand sanitizers segment are widely preferred over other forms of sanitizes as they are easy and convenient to use. The outbreak of Covid -19 has improved the demand for these gel-based hand sanitizers. The availability of gel sanitizers with a pleasant fragrance and the availability of different varieties has enhanced the demand for gel hand sanitizers.
In terms of the Type, Alcohol-based hand sanitizers segment has held the most significant growth owing to the covid- 19 outbreak, government initiatives for alcohol-based hand sanitizers to fight the virus. The rise in awareness among people for better protection has further boosted its demand. Based on the Distribution channel, Pharmacy segment has held the most remarkable growth due to the easy availability of hand sanitizers in the pharmacy stores.
North America boosts the regional market due to Covid-19 Outbreak
Covid-19 Outbreak was highly influential in driving the market of Hand Sanitizers; moreover, the rise in the concern regarding hand hygiene, especially due to the coronavirus, has boosted the market growth. The availability of different types of hand sanitizer and in different forms, new product launches have significantly impacted the regional growth, the increase in the awareness about hygiene among consumers and surge in online shopping has further escalated the growth of the market in the region. High standard of living and rise in the disposable income among the public have enhanced the regional market revenue
Product Launches, new advances Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors
The Players of the Global Hand Sanitizer Market is fragmented. Product launches, new advances collaborations, mergers, and acquisitions are strategies used by competitors. The key competitors of the Global Hand Sanitizer Market are 3M, Bath & Body Works Direct, Unilever, Deb Group (S. C. Johnson & Son), Godrej Group, GOJO Industries, Hartmann Group, Reckitt Benckiser Group, The Himalaya Drug Company, and Cipla
Cipla: Cipla, is one of the key competitors of the Global Hand Sanitizer Market; for instance, In April 2020, Cipla Health had announced the launch of Ciphands, it is an alcohol-based hand sanitizer, this launch was made due to increasing demand for hand hygiene primarily due to the ongoing COVID -19 outbreak It is an antiseptic hand sanitizer with 72.34 percent alcohol content.
3M: 3M is a popular competitor in the Global Hand Sanitizer Market. In October 2019, 3M had announced the acquisition of Acelity, Inc. They are involved in Surgical Wound Care manufacturing. The acquisition was made by 3M to expand its product portfolio with Advanced and Surgical Wound Care.
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