Published : 3 years ago, on 19/07/2021

The hand
sanitizer market is projected to grow at a very promising CAGR of 7.2%
during the forecast period (2020-2030). A significant increase in demand for
hand sanitizers in commercial hospitality and food service sectors are an
essential factor driving the sales of hand sanitizers. Key players are also
leveraging rising consumer concerns about the growing incidences of
communicable diseases. Multiple brands and governments will continue to boost
growth of hand sanitizer market, with the aid of promotional and awareness
campaigns, reveals Future Market Insights (FMI).

To
Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-707

“Due
to SARS and MERS coronavirus outbreaks, manufacturers have made significant
changes to their production lines to generate larger quantities of
alcohol-based hand sanitizers. Further, raw material suppliers have increased
production capacity to support said production,” says the FMI analyst.

Hand
Sanitizer Market – Key Takeaways

• The instant hand sanitizer gel segment will continue to hold a leading market share, while foaming variants are projected to display a higher growth rate.
• The alcohol-based hand sanitizer segment will hold a lion’s share of the market, while non-alcoholic variants display faster growth.
• The pump bottles segment will account for a large market share, in terms of packaging type.
• North America will hold a leading position in the global market share, while East Asia will display remunerative growth opportunities.

Hand Sanitizer Market – Key Driving Factors

• Growing consumer inclination towards health and fitness trends is a major growth driver for the hand sanitizer market.
• Innovative promotional activities and marketing campaigns remain major growth influencers.
• Rising levels of expenditure on healthcare and better standards of living supports overall market growth.
• Extensive support from key authorities such as the FDA and WHO is also a driver for global market growth.

Hand Sanitizer Market – Key Constraint

• Health hazards being associated with a range of chemical ingredients in hand sanitizer formulations is expected to hamper market growth during the forecast period.

For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-707

The
Covid-19 Impact

With
the coronavirus being declared a global pandemic, most businesses have temporarily
gone under lockdown. This trend has substantially impacted the global economy.
Online retailers are facing increased challenges for hand sanitizer sales owing
to problems in product delivery infrastructure, and shortage of delivery for
stocks.

On
the other hand, the outbreak has resulted in unprecedented sales, with people
giving the practice of hand hygiene high importance. In addition, awareness
campaigns set up by governments and companies has also had a positive impact on
sales, for small and large players alike. Government bodies have also supported
the industry by providing manufacturing licenses to new manufacturers,
distilleries, and sugar plants, to meet the current levels of demand.

Competition
Landscape

Key
players in the hand sanitizer market are Guangzhou Beaver Cosmetic Co., Ltd,
The Procter and Gamble Company, Seatex Ltd., Gojo Industry Inc., Carroll
Company, Reckitt Benckiser Group PLC, Cossmic Products, Best Sanitizers Inc.,
Chattem Inc., The Himalaya Drug Company, Vi-Jon Laboratories Inc., Henkel
Corporation, Linkwell Corporation, Unilever, Kutol Products Company. Majority
of these players are investing in new product launches to meet the growing
consumer interest in chemical free products. Moreover, manufacturers are also
pushing to increase production and inventory capacity, along with increased
shelf space in retail businesses.

Download Methodology of this Report @ https://www.futuremarketinsights.com/askus/rep-gb-707

More About the Report

The
FMI’s market research report of 300 pages offers comprehensive insights on hand
sanitizer market. The market is analyzed on the basis of product type (foaming
hand sanitizers, foaming instant hand sanitizers, instant hand sanitizer gels,
and spray hand sanitizers), content (alcohol based and non-alcohol based),
active ingredient (ethanol/ethyl alcohol, benzalkonium chloride, and
isopropyl), packaging type (flip-flop bottles, pump bottles, dispensing
packets, and jars/cans) end use (institutional and household), pack size (below
100 ml, 101 – 300 ml, 301 – 500 ml, and 501 ml and above) and sales channel
(direct and indirect) across seven key regions (North America, Latin America,
Europe, East Asia, South Asia, Oceania, and MEA).

Explore Extensive Coverage of FMI’s Retail
& Consumer Products Landscape

Traditional Toys and Games Market: Find
detailed insights on the global traditional toys and games market with detailed
segment-wide analysis, market statistics, key influencing factors, prominent
players and critical developmental strategies adopted by them for a 10-year
forecast period.

Mobile Phone Accessories Market: FMI’s
report on the global mobile phone accessories market offers comprehensive
insights on the market poised for prolific growth during 2019-2029. The study
covers comprehensive evaluation of key restraining forces, revenue sources, and
market leaders in addition to with essential market strategies.

Male Sex Toys Market: Get a deep-dive
analysis on the male sex toys market with essential insights on growth levers,
opportunities, restraints, regulatory policies, regional market forecast and
key forte of market leaders.