Gyms, fitness centers, yoga centers, and other health and wellness centers are the largest end-user of sprays in the global hand sanitizers market.
Arizton’s recent market research report on the hand sanitizers market identifies 3M, GOJO Industries, Procter & Gamble (P&G), Reckitt Benckiser Group, The Unilever Group, and Vi-Jon as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed analysis of market segmentation by product type (gel-based, liquid, foam-based, hand wipes, and spray), by end-user type (healthcare, hospitality, residential, corporate, government & military, and education), by distribution channel (online and retail), and by geography (APAC, Europe, North America, Latin America, and MEA).
The hand sanitizers market is estimated to reach revenues of approximately $3 billion by 2023, growing at a CAGR of more than 14% during 2018-2024.
The hand sanitizers market is divided into four major segments that consist of product type, end-user type, distribution channel, and geography.
Spray segment to grow at the fastest CAGR in the hand sanitizers market during the forecast period
The hand sanitizers market by product segmentis classified into gel-based, liquid, foam-based, hand wipes, and spray. Spray sanitizers are the fastest growing segment in the global market, at a CAGR of more than 16% during the forecast period. The sprays are aerosol and are extremely useful products used in various places in the global market. Gyms, fitness centers, yoga centers, and other health and wellness centers are the largest end-user of sprays in the global hand sanitizers market. These products are considered to be more economical because less product is delivered per dose thereby saving costs in the market. These sprays are usable across most of the general commercial applications,and various workout areas have these products at their entrance and exits in the global market. Spray hand sanitizers are a niche product segment preferred by selective customer segments across the world market.These products are often considered to be a good fit in cost-conscious budgets and are extremely useful across commercial and public places. The leading vendors are focusing on offering different formulations to attract a maximum number of consumers in the global hand sanitizers market.
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Healthcare segment to grow at a significant CAGR in the hand sanitizers market during the forecast period
The end-user segment in the hand sanitizers marketis divided into healthcare, hospitality, residential, corporate, government & military, and education. Healthcare segment dominated the largest market share in 2018, growing at a CAGR of around 15% during the forecast period. The rising awareness about contagious infections and the importance of maintaining hand hygiene amongst individuals is driving the growth of this segment in the global market. The healthcare sector comprises places such as hospitals, nursing homes, clinics, physician’s office, doctor’s cabin, mobile ambulances, and others, which is driving the demand for hand sanitizers in the global market. These products are found everywhere in the healthcare settings, from the ICU of the hospital to a small clinic of any physician. Leading manufacturers are creating and promoting their products that are specifically designed to use across the healthcare sector in the global market. Vendors such as Gojo industries (owner of Purell brand) have complete hand hygiene solutions developed for various hospitals in the US. The recommendations by infection control professionals to other colleagues/patients for specific brands can help the boost its brand equity and sales will transform the hand sanitizers market.
North America to grow at a considerable CAGR in the hand sanitizers market during the forecast period
The hand sanitizers market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. North America occupied more than 1/3rd of the total market share in 2018, growing at a CAGR of over 13% during the forecast period. The increasing number of consumers taking extra precaution with infectious diseases is propelling the demand for these products in the North American region in the global market. The development of the economy is leading to improving employment opportunities, increasing disposable income, and rising purchasing power of end-users is propelling the growth of the hand sanitizers market in the North American region. The leading players are investing in the research and development of new products to gain larger North American market share. The various scientific researches arerevealing horrifying statistics regarding these infections further boosting the adoption of anti-bacterial solutions in the North American market. The increasing number of people practicing effective hand hygiene will contribute to the sales of hand sanitizers in the North American market.
The other prominent players in the hand sanitizers market are Bath & Body Works Direct, Best Sanitizers, Bode Chemie, Chattem, Cleenol Group, Deb Group, Ecohydra Technologies, Ecolabs, Henkel, Kimberley-Clark, Christeyns Food Hygiene, Kutol Products Company, Linkwell, Lion Corporation, Medline Industries, Safetec of America, The Himalaya Drug Company, Vectair Systems, Whiteley Corporation, and Zoono.
The complete overview of the latest market research report on the global hand sanitizers market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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Hand Sanitizer Market Size By Functional Ingredients, Product Type, End-Users, Distribution Channels, Supply Chain, Geography, Industry Analysis and Forecast 2020-2025