Hand Sanitizer Market

The report "Hand Sanitizer Market by Type (Liquid, Gel, Wipes), Composition (Alcohol Based sanitizers, Alcohol Free sanitizers), Distribution Channel (Retail, E-commerce, To Companies) End User (Healthcare, Pharma & Biotechnology, Industrial, Public Access & Commercial, Food Industry) - Global Forecast to 2027", size is projected to reach USD 4,855 million by 2027 from USD 1,950 million in 2022, at a CAGR of 6.3% during the forecast period.

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Market is driven by factors such as rising global awareness regarding sanitation and personal hygiene as it is an antiseptic solution, which is used as an alternative to soap and water. Moreover, it helps in preventing some of the most infectious diseases, including COVID-19, norovirus, influenza, meningitis, hand, foot, and mouth disease, pertussis (whooping cough), and methicillin-resistant staphylococcus aureus (MRSA).

“The gel hand sanitizers accounted for the largest market share in the hand sanitizer market, type, during the forecast period”

The Hand sanitizer marketis segmented into liquid, gel and wipes. In 2021, gel hand sanitizers accounted for a sizable market share since gel sanitizers often have a light, watery formulation and are therefore spreadable, they can easily penetrate the skin to destroy the majority of bacteria. The convenience of getting these antiseptic medicines and the increased accessibility to them will increase demand for them in the upcoming years.

“By composition, alcohol based sanitizers hold bigger market share during forecast period.”

Based on composition, the hand sanitizer market is segmented into alcohol based sanitizers, alcohol free sanitizers. Alcohol based sanitizer are estimated to hold major market as they prove to be acting effectivelyagainst the germs and are therefore preferred by healthcare professionals in all sectors. However, with the rise in  organic sanitizers and people inclining towards natural products also fuels the market for alcohol free sanitizers.

“Retail segment accounted for the largest market share, by distribution channel”

Based on distribution channel, the distribution channel is segmented into Retail, E-commerce and direct supply to companies and other distribution channels. The retail segment accounted for the largest market share in 2021. The distribution of hand sanitizers  in the market has increased dramatically for a growing number of these retail stores in numerous places. During the forecasted years, it is expected that e-commerce distribution channel would increase more quickly. During the anticipated term, the segment is expected to establish itself as a reliable source of income in nations like India and China as a result of the promising growth displayed by e-commerce platforms in these nations.

“Healthcare segment accounted for the largest market share, by end user in forecast period.”

Based on end user, the hand sanitizer market is segmented into healthcare, pharma & biotechnology, industrial, public access & commercial, food industry and other end users. The healthcare segment to hold  the largest market share in 2021, while public access and commercial segment is expected to grow at the fastest rate during the forecast period. The hospital segment dominates the market owing to the increasing need of sanitizers for hygiene and health control in hospitals and clinics.  

“APAC region accounted for the highest CAGR”

The global hand sanitizer market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the market with the quickest growth is Asia Pacific. The increase is ascribed to a rise in hygiene awareness brought on by COVID-19, a virus that began spreading in the region in 2019 and has since become common. As a result, businesses are introducing novel and distinctive categories of personal care and hygiene goods into the market while emphasising consumer safety. Also government actively has undertaken various initiatives and programs regarding personal hygiene and care in developing countries in Asia.

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