New York, NY -- (SBWIRE) -- 10/21/2020 -- The global hand sanitizers market accounted for over approximately US$ 3.1 billion in 2019. It is anticipated to grow at a CAGR of 11.9% from 2020 to 2030.

The growth of the hand sanitizer market can be attributed to several factors, such as rising awareness among people regarding personal hygiene, rising incidents of communicable diseases, convenience of use, and portable sizes, which make them convenient to carry. There is a high demand for hand sanitizers especially from education, and foodservice sectors. The healthcare industry, in particular, is striving to achieve quality patient care by avoiding the chances of cross-infection. The growing popularity of hand sanitizers, government initiatives, and improvements in the standard of living are expected to provide growth opportunities for the hand sanitizers market. Furthermore, growing healthcare expenditure and the increasing adoption of healthcare products are boosting market growth.

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Top Players:

Some of the prominent players in the hand sanitizer market include Reckitt Benckiser, 3M, Procter & Gamble, GOJO Industries, Inc., Unilever, Best Sanitizers, Inc., Vi-Jon, Henkel Corporation, The Himalaya Drug Company, Kutol Products Company, and others.

Growing Factors:

Factors, such as urbanization, life-threatening disease outbreaks, and the demand for eco-friendly sanitizers, are driving the global hand sanitizer market. Also, rising healthcare expenditure and the expanding healthcare sector in emerging economies are further adding to market growth. Moreover, hand sanitizers come in several varieties, including gel, foam, sprays, and others, making them convenient for use. Using hand sanitizers has become a fast-growing trend over washing hands with soap. With the growing severity of COVID 19 across the world, the demand for hand sanitizers is increasing. Guidelines on the utilization of hand sanitizers by organizations, including the WHO, regarding hand hygiene for the prevention of transmissible diseases, such as COVID-19, are projected to fuel market growth. Presently, The Himalaya Drug Company, Unilever, and others have enhanced the manufacturing capabilities of hand sanitizers to meet the high consumer demand amid to outbreak of COVID-19.

Segmentation Based On:

By Product -
Foam, Gel, and Liquid

By Distribution Channel -
Drug Store, Hypermarket & Supermarket, Specialty Store, and E-Commerce

By End-Use Industry -
Education, Healthcare, and Food Service

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Regional Analysis:

The Asia Pacific hand sanitizer market is estimated to grow at the highest CAGR during the forecast period. Emerging economies, rapid urbanization, availability of hygiene products and rising consumer awareness regarding hygiene are expected to propel the hand sanitizer market in the region. North America accounted for the largest market share during the forecast period. Factors, such as the presence of a large number of market players, increasing concerns regarding health & hygiene, and consumers' ability to spend on hygiene products, will drive the hand sanitizer market in North America.

Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

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In the end, Hand Sanitizers Markey industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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