The global hand sanitizer market is set to evolve at a CAGR of 6.2% from 2022 to 2032. At present, the market accounts for a net worth of US$ 14.24 Bn, and is anticipated to reach a valuation of US$ 30.3 Bn by the end of 2032. Demand for hand sanitizers saw a spike after the COVID-19 pandemic as focus on personal care bolstered across the world. The world has seen a substantial rise in chronic infectious diseases, and this has further bolstered demand for better healthcare and hygiene. This increasing focus on hygiene and healthcare is projected to propel the market for hand sanitizers over the coming years.
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Government initiatives to boost awareness about personal hygiene are expected to majorly favor hand sanitizer sales through 2032. Increasing consumer preference for organic hand sanitizers will be a prominent trend across the world as awareness about the ill effects of chemical use increases on a global scale. However, availability of multiple alternatives to hand sanitizers are expected to have a hindering effect on global market potential.
Key hand sanitizer manufacturers are focusing on launching new products to meet the increasing demand across the world amidst rising focus on health and hygiene.
- In February 2022, Environmental Science Hygiene (ESH) Ltd., a manufacturing firm in Nigeria, announced the law of a new sanitizer. Palm Tree Hygiene is an all-natural foaming hand sanitizer with its unique alcohol extraction process from sap of palm tree.
- In May 2020, ITC, an Indian organization specializing in multiple businesses, announced the launch of its Savlon brand of hand sanitizer sachets, which were being dubbed as the most affordable hand sanitizers in the world.
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Key Takeaways from Market Study
- In 2022, the hand sanitizer market stands at a net worth of US$ 14.24 Bn.
- From 2022 to 2032, the global hand sanitizer industry is expected to expand at a CAGR of 6.2%.
- The hand sanitizer market in North America accounts for a dominant market share of 31.9% at present, and will continue to maintain this stance through 2032.
- The hand sanitizer market is estimated to attain a net value of US$ 30.3 Bn by the end of 2032.
- Increasing levels of pollution, rising prevalence of respiratory disorders, and increasing disposable income in emerging economies are set to drive market growth over the coming years.
Competitive Landscape
The global market for hand sanitizers is highly competitive and does not have many dominant players, which makes it a very lucrative market for new entrants.
Some of the key market players included in the report are The Procter and Gamble Company, Gojo industry Inc., Reckitt Benckiser Group plc., Best Sanitizers Inc., The Himalaya drug company, Henkel corporation, Unilever, Kutol products, company, Linkwell corporation, Vi-Jon Laboratories, Inc., Chattem Inc., Cossmic Products, Carroll Company, Seatex Ltd., Guangzhou Beaver Cosmetic Co. Ltd., Xi’an Youpai Biotechnology Co. Ltd., and Unisource Shanghai Co. Ltd..
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