Hand Sanitizer Market Analysis

Market CAGR for hand sanitizers is being driven by the widespread coronavirus outbreak, has had a substantial impact on consumer behavior and has encouraged individuals to practice greater hand hygiene in particular. By February 23, 2022, the coronavirus had infected over 43 million people worldwide, with 6.5 million active cases and 0.59 million fatalities, according to Worldometer. France, Russia, the United Kingdom, and the United States are the most impacted nations.

As a result, the rising number of deaths brought on by the virus sparked panic among customers, who began paying closer attention to hand hygiene as a defense against catching the infection.

Additionally, the World Health Organisation, the Centres for Disease Control and Prevention, and physicians worldwide advise using hand sanitizers because they believe that using hand sanitizers with alcohol as the primary ingredient is one of the best measures to take against the virus. Currently, this element is fueling market expansion.

The product is well-known in the market since it absorbs quickly and remains there for a long time. Foam-based hand sanitizers are simple to use because they do not need to be scrubbed off, which saves time. Due to this product's greater effectiveness at eradicating microbiological germs, demand is predicted to increase. For instance, in March 2021, the non-toxic, zero-waste cleaning company Cleancult introduced a foam-based hand sanitizer with FDA-approved disinfection built of fragrance-free formula. It claimed to eliminate 99.9% of germs. Thus, increasing attention towards hand hygiene is driving the hand sanitizers market revenue.

The increasing global emphasis on health and hygiene is a primary driver of the Global Hand Sanitizers Market Industry. As consumers become more conscious of the importance of cleanliness, the demand for hand sanitizers is expected to rise. This trend is particularly evident in regions where public health campaigns promote hand hygiene as a preventive measure against infections. In 2024, the market is projected to reach 1.85 USD Billion, reflecting the growing consumer preference for sanitization products. The heightened awareness surrounding health practices is likely to sustain this growth trajectory, contributing to the overall expansion of the market.