New York, NY -- (SBWire) -- 02/09/2021 --The hand sanitizer is a foam or gel that is used to clean hands and kill any infection-causing agents on the hands. The product does not require consumers to wash their hands, but it is all about rubbing and letting it dry only. Sanitizers are useful but less effective when it comes to germs killing as compared to proper washing of hands with soap and water. According to healthcare professionals, alcohol-based hand sanitizers must be preferred as they can kill bacteria on hands more efficiently. The global hand sanitizer market is projected to reach USD 7.32 billion by 2027, growing at a CAGR of 11.3% through the following years.
Key participants include Procter & Gamble, GOJO Industries Inc., Unilever Group, Reckitt Benckiser Group PLC, Henkel AG & Company, The Himalaya Drug Company, S.C. Johnson & Son Inc., 3M Company, Godrej Consumer Products Ltd., and Vi-Jon Inc., among others.
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Market Drivers
The global hand sanitizer market is highly competitive. There are various factors that are positively affecting the performance of the product in the global market. One of the most crucial reasons is the prevalence of COVID-19 across the globe. The sanitizers are demanded by almost the whole of the world. The countries affected or prone to affected are taking strict safety measures, and sanitizers are their first precaution tool. Consumers are much concerned about their health safety and have adapted the use of sanitizers permanently in their lives.
For the purpose of this report, Reports and Data have segmented the global hand sanitizer market on the basis of type, form, application, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Alcohol-Based Hand Sanitizer
Alcohol-Free Hand Sanitizer
Form Outlook (Revenue, USD Million; 2017-2027)
Gel Hand Sanitizer
Liquid Hand Sanitizer
Foam Hand Sanitizer
Others
Application Outlook (Revenue, USD Million; 2017-2027)
Hospitals & Clinics
Hotels & Restaurants
Household Purposes
Others
Regional Outlook (Revenue, USD Million; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Regional Landscape
The use of hand sanitizers is high across various regions, but the Asia Pacific region is expected to grow fastest during the forecast period owing to a large number of consumers present in various countries in the region. Furthermore, rising concerns for health and safety are another major factor driving the growth.
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Hand Sanitizer Segmentation & Impact Analysis
4.1. Hand Sanitizer Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Changing lifestyle trends and growing awareness about hygiene
4.2.2.2. Growing demand for sanitization amid COVID-19 pandemic
4.2.2.3. Increase in the level of disposable income
4.2.3. Market restraints analysis
4.2.3.1. Health concerns pertaining to the presence of chemicals in the product
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Continued…
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Hand Sanitizer Market Size, Share, Growth, Outlook Future Overview and Trends by 2027 : Procter & Gamble, GOJO Industries Inc., Unilever Group, Etc.
The study methodologies used to examine Hand Sanitizer Market for the forecast period, 2020 - 2027 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.