The global hand sanitizer market size in 2016 was $919 million and will exceed $1,755 million by 2023. Hand sanitizer serves as an effective alternative to hand soaps and bars that is used to disinfect hands. Alcohol-based hand sanitizers are widely used, as they effectively eradicate microorganisms.
New York, NY -- (SBWIRE) -- 06/13/2019 -- Consumer inclination towards health and wellness is expected to be one of the major factors that drives the demand for hand sanitizers. Moreover, improved lifestyle, rise in health expenditure, increase in awareness about hand hygiene, and support from organization such as WHO, FDA, and others towards the need for sanitation propel the demand for hand sanitizers, thereby accelerating the growth of the global hand sanitizer market . However, health hazards associated with chemical ingredients are anticipated to hamper the global hand sanitizer market growth during the forecast period.
The study methodologies used to examine the Hand Sanitizer Market for the forecast period, 2017-2023 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.
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Scope of the Report:
The researcher assessing the Hand Sanitizer Market dive deep to unearth intangible facts related to the key restraints, opportunities, and threats expected to shape the progress of the industry during the forecast period, 2017 - 2023. Significant evaluation of other factors such as demand and supply status, import and export, distribution channel, consumption volume, and production capability play a vital role in offering business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. All important data are presented in self-explanatory charts, tables and graphic images that can be incorporated into any business presentation.
Market Segment by Manufacturers, this report covers:
- Reckitt Benckiser Group
- The Himalaya Drug Company
- Procter and Gamble
- Gojo Industry Inc.
- Henkel Corporation
- Unilever Plc.
- Vi-Jon Laboratories Inc.
- Chattem Inc.
- Best Sanitizers Inc.
- and Kutol Products Company.
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
- Household Purpose
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The study explores in details about the recent trend fast gaining momentum in the Hand Sanitizer industry due to factors including but not limited to growing customer preference and a sudden rise in their spending capacity. Aspects attributed to the gross margin, profit, supply chain management and product value and their considerable impact on the development of the Hand Sanitizer Market during the forecast period, 2017-2023 is carefully scrutinized during the research.
Estimating the potential size of the Hand Sanitizer industry:
Industry experts conducting the study further estimate the potential of the Hand Sanitizer industry. Such information is important for firms looking to launch an innovative service or product on the market. Industry experts have measured the total volume of the given market. Researchers have calculated the industry in terms of sales by the competitors and end-user – customers. Data on the entire size of the Hand Sanitizer Market for a particular product or a service for the forecast period, 2017 to 2023 covered in the report makes it valuable. This information reveals the upper limit of the Hand Sanitizer industry for a specific product or service.
Exploring growth rate over a period:
Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2017 to 2023. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with the product sales to enable business owners to determine the success or failure of a specific product or service.
The research provides answers to the following key questions:
- What is the estimated size of the Hand Sanitizer Market for the forecast period, 2017 - 2023? What will be the growth rate of the industry during the estimated period?
- What are the prominent driving forces likely to impact the progress of the industry across different regions?
- Who are the major market players occupying a strong foothold in the Hand Sanitizer market? What are the winning strategies adopted by them to stay ahead in the competition?
- What are the potential opportunities for the Hand Sanitizer Market for the forecast period, 2017 - 2023?
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Table of Contents
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Thereat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
188.8.131.52. Consumer inclination towards health & wellness
184.108.40.206. Innovations in hand sanitizers
220.127.116.11. Change in lifestyle and increase in health expenditure
18.104.22.168. Health hazardous associated with hand sanitizers
22.214.171.124. Increase in popularity of online shopping
3.5. Top player positioning
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