Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
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 hand sanitizers market segmentation, based on product type, includes gels, liquids, and sprays. The gels segment dominated the market, accounting for 39% of market revenue (0.62 Billion). The sanitizing gels are typical application methods that moisturize the epidermis without drying out the skin.
The hand sanitizers market segmentation, based on end-users, includes households, commercials/institutions, and hospitals & healthcare centers. The hospitals & healthcare centers category generated the most income (54.2%) with the highest CAGR. The pandemic's increase in medical facilities and hospitals will present several chances for industry participants.
The hand sanitizers market segmentation, based on distribution channels, includes store-based and non-store-based. The store-based category generated the most income (75.9%), with the highest CAGR. More of these stores are in more places, and the distribution of cleansers on the market has increased.
Figure 1: Hand Sanitizers Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Europe hand sanitizers market will dominate this market, as the regional market has grown due to the region having many market participants where wipes, gel-based, foam-based, and spray-based hand antiseptics are widely used. Since customers in those nations are more prepared to spend money on personal care and hygiene items, nations like the United Kingdom and Germany dominate the industry.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: HAND SANITIZERS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Asia-Pacific hand sanitizers market accounts for the second-largest market share. 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. Further, the China hand sanitizers market held the largest market share, and the Indian hand sanitizers market was the second-largest growing market in the Asia-Pacific region.
The North-America hand sanitizers market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the consumers in the North American region using hand sanitizers more frequently and becoming more conscious of proper hand hygiene. They spend a lot of money on personal care and hygiene items. Moreover, the US hand sanitizers market held the largest market share, and the Canadian hand sanitizers market was the fastest-growing market in the North American region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the hand sanitizers market, grow even more. Participants in the market are also engaging in a variety of strategic initiatives to footprint, with important market developments such as the introduction of new products, business contracts, mergers and acquisitions, increased investments, and cooperation with other organisations. The hand sanitizer industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the hand sanitizers industry to benefit clients and increase the market sector. In recent years, the hand sanitizer industry has offered some of the most significant medical advantages. Major players in the hand sanitizers market, including Reckitt Benckiser Group Plc (UK), Unilever Group (UK), Smith & Nephew plc (UK), L Brands (US), Procter & Gamble Co. (US), Kimberly-Clark Corporation (US), C. Johnson & Son, Inc. (US), Edgewell Personal Care (US), GOJO Industries, Inc. (US), PAUL HARTMANN AG (Germany), are attempting to increase market demand by investing in research and development operations.
Unilever PLC manufactures personal care products. The business sells consumer goods, including food, detergents, fragrances, cosmetics, household goods, and personal care items. Unilever serves worldwide customers. For instance, the Leeds Teaching Hospital NHS Trust began receiving supplies of hand sanitizer from Unilever plc in April 2020, and the first batch of more than 700 liters of sanitizer was sent to St James's University Hospital. Unilever plc modified one of its deodorant manufacturing lines in the U.K. to make the supply of hand sanitizer.
Hand Sanitizers Industry Developments
May 2022: The makers of Purell products, GOJO Industries, introduced the Purell CS4 All-Weather Dispensing System. Commercial and municipal buyers can use the dispenser to supply soap and hand sanitizer in outdoor or busy areas.
April 2021: New liquid gel hand sanitizers and alcohol hand sanitizing wipes have been introduced by Wet Ones, a well-known firm known for its antibacterial hand wipes.
December 2022: According to a formal letter of intent from NHS Supply Chain that SpectrumX, a UK-based healthcare and pharmaceutical company, obtained Spectricept Care+ Hands, a hand sanitizer that will be listed on the Hand Hygiene and Associated Products and Services Tender within the non-alcohol-based hand disinfectant lot, will be accessible beginning in May 2023.
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