Hand Sanitizer Market To Garner Growth 8% By 2032

The global hand sanitizer market size reached USD 1.61 billion in 2022 and is projected to hit around USD 3.45 billion by 2032, expanding growth at a CAGR of around 8.00% during the forecast period 2023 to 2032.

Alcohol-based hand sanitizers are efficient tool to fight infections caused due to harmful germs. These sanitizers are mainly significant for appropriate use in the office environment. During any specified workday, workforces use their hands different activities those expose them to harmful bacteria and germs. Illness is related to productivity loss cost employers around USD 225.8 billion annually in the U.S. Since that 80% of all infections are communicated by hands it has become vital to implement an operative hand hygiene program at workplaces.

As per CDC and World Health Organization (WHO) hand sanitizer has emerged as great tools to escapefrom getting infected and spreading germs. By keeping hand sanitizer in tactical places in the office, and other high traffic zones, employers can inspire staffs to advance their hand hygiene and create the workplace a healthier working location.

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Growth Factors

Hand sanitizers prove to beadvantageous product to consumers in multiple aspects. The extent to which it is stress-free to make use of them and convenience has made the hand sanitizers prevalent amid consumers. As per studies, this product also curtails the risk of respiratory and gastrointestinal infections among users. Furthermore, hand sanitizers also comprise ingredients that aid in dropping skin irritation and dryness than hand washing. Also various studies have shown that classroom application of hand sanitizers may decrease the absence of students caused due to illness by 20%.

Growing inclination towards wellness and health and product modernization like addition of perfumes in preparation of sanitizers are anticipated to increase the growth of the global hand sanitizer market. Besides, upgrading living standards, increase in health expenditure, and surge in hand hygiene awareness, and backing from organization such as FDA, WHO, and others to the essential need for sanitation enhance the growth of global hand sanitizers market. However, health risks related with chemical ingredients are estimated to impede the market growth to some extent during the prediction period.

Report Scope of the Hand Sanitizer Market

Report Highlights	Details
Market Size in 2023	USD 1.61 Billion
Growth Rate	CAGR of 8.00% from 2023 to 2032
Largest Market	North America
Fastest Growing Market	Asia Pacific
Base Year	2022
Forecast Period	2023 to 2032
Segments Covered	Product, Distribution Channel, Regional Outlook

Report Highlights

On account of global outbreak of Coronavirus, the practice of hand sanitizers is endorsed by Centre for Disease Control and Prevention, World Health Organization, and doctors across the globe, requesting that the usage of alcohol-based hand rub is one of the most operative defenses witnessed for this virus. This factor is presently tremendously driving the demand for hand sanitizer across the world.
In Asia Pacific region, swelling dominance of online shopping has reformed the growth of the market and is anticipated to propel the demand for hand sanitizers during years to come. For example, online websites LikeFlipkart, Amazon, Grofers, and other similar online delivery service companies are offering diverse kinds of hand hygiene products.

Regional Snapshots

In 2019, North America dominated the global hand sanitizer market due togreat hygiene standards amongst the U.S. population. Asia Pacific is estimated to witness the strong growth due to rising COVID19 pandemic outbreak and anxiety towards wellness in the region. Furthermore, upgrading lifestyle and growing disposable income are further stimulating the growth of the hand sanitizer market in Asia Pacific.

Asia Pacific expected to record highest growth rate during years to come on account of rising awareness about hand hygiene amid consumers. Hence, ground-breaking and diverse types of hygiene and personal care products are accessible in the market emphasizing on convenience factors for buyers.

Key Players & Strategies

Hand sanitizers offers many benefit over traditional hand washing products as they can be applied straight without water. Renowned manufacturing firmslike Unilever, Henkel Corporation, and Procter and Gamble are providing hand sanitizers in convenient packaging including mini bottles and sachet that are portable for consumers. These factors have broadened the scope of hand sanitizer market across the world.

Some of major companies operative in this marketplace are Proctor & Gamble Company and Reckitt Benckiser Group PLC. Most of theevolving market companies are centering on deliberate acquisitions with leading players in sophisticated and mature markets. This business strategy helps them to expand product assortment and permits diversification and offers access to constant cash flow along with further growth prospects. The customer preference toward hand sanitizers having natural substances is causing in the extension of product ranges by the many prominent companies. For exmaple, Dr. Bronner’s launched the Peppermint-scented Organic Hand Sanitizer which is a certified fair-trade and organic product comprising organic glycerin.

Key Companies & Market Share Insights

Unilever
Vi-Jon
Chattem, Inc.
Reckitt Benckiser Group plc
Procter and Gamble
The Himalaya Drug Company
GOJO Industries, Inc.
Best Sanitizers, Inc.
Kutol
Henkel AG and Company

Segments Covered in the Report

By Product Type

Foam
Gel
Liquid

By Distribution Channel

Drug Store
Online
Hypermarket & Supermarket
Specialty Store

By Regional Outlook

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
- South Korea
Middle East & Africa
Latin America

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Hand Sanitizer Market, By Product Type

7.1. Hand Sanitizer Market, by Product Type, 2023-2032
7.1.1. Foam
7.1.1.1. Market Revenue and Forecast (2021-2032)
7.1.2. Gel
7.1.2.1. Market Revenue and Forecast (2021-2032)
7.1.3. Liquid
7.1.3.1. Market Revenue and Forecast (2021-2032)

Chapter 8. Global Hand Sanitizer Market, By Distribution Channel

8.1. Hand Sanitizer Market, by Distribution Channel, 2023-2032
8.1.1. Drug Store
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Online
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Hypermarket & Supermarket
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.4. Specialty Store
8.1.4.1. Market Revenue and Forecast (2021-2032)

Chapter 9. Global Hand Sanitizer Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2021-2032)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2021-2032)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2021-2032)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2021-2032)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2021-2032)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2021-2032)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2021-2032)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2021-2032)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2021-2032)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2021-2032)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2021-2032)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2021-2032)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2021-2032)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2021-2032)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2021-2032)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2021-2032)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2021-2032)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2021-2032)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2021-2032)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2021-2032)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2021-2032)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2032)

Chapter 10. Company Profiles

10.1. Unilever
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Vi-Jon
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Chattem, Inc.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Reckitt Benckiser Group plc
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Procter and Gamble
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. The Himalaya Drug Company
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. GOJO Industries, Inc.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Best Sanitizers, Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Kutol
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Henkel AG and Company
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives