Key companies covered are SC Johnson & Son, Inc., Best Sanitizer Inc., Bacardi Limited, Himalaya Global Holdings Ltd., Gojo Industry Inc., Proctor & Gamble, CVS Health, Unilever Plc., Henkel AG & Company, Reckitt Benckiser and several players presented in a report on the market research of hand sanitizers
Pune, India, February 17, 2021 (GLOBE NEWSWIRE) – According to Fortune Business Insights ™, global Market size of hand sanitizers it is projected to reach $ 1.96 billion by 2026, showing a CAGR of 6.2% over the forecast period. The growing propensity for alcohol-based disinfectants around the world will become a strong driver of growth for this market, according to Fortune Business Insights ™ in its recent report entitled “Market size of disinfectants, share and industry analysis, by product form (foam, gel and liquid), type (alcohol-based and non-alcoholic), distribution channel (pharmacies, supermarkets / hypermarkets, online retail channels and others), user (schools, restaurants, hospitals, household use and others) and regional forecast, 2019-2026. ” According to the Centers for Disease Control and Prevention (CDC), these disinfectants with an alcohol content between 60% and 69% are highly effective in killing all types of germs compared to non-alcoholic disinfectants.
In addition, the Food and Drug Administration (FDA) has found that alcohol-based disinfectants can fight the spread of flu-like infections because of their superior germ-killing capacity. Moreover, there is a growing demand for hand sanitizers based on natural ingredients, which has encouraged many companies to create products that include Aloe Vera and tea. As a result, new expansion opportunities have opened up for this market.
Impact of COVID-19 worldwide:
The advent of COVID-19 brought the world to a standstill. We understand that this health crisis has had an unprecedented impact on companies in all industries. However, this will pass. Increased support from governments and several companies can help fight this highly contagious disease. Some industries are struggling and some are thriving. Overall, the pandemic is expected to affect almost every sector.
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List of the best companies profiled in the hand sanitizer market report:
SC Johnson & Son, Inc. (USA)
Best Sanitizer Inc. (USA)
Bacardi Limited (Bermuda)
Himalaya Global Holdings Ltd. (India)
Gojo Industry Inc. (USA)
Proctor & Gamble (USA)
CVS Health (USA)
Unilever Plc. (UK)
Henkel AG & Company (Germany)
Reckitt Benckiser (UK)
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The report states that the market value was $ 1.22 billion in 2018. In addition, the report provides the following:
A comprehensive analysis of the impact of the COVID-19 outbreak on the market;
Careful assessment of all possible market drivers, trends and constraints;
Thorough study of different market segments; i
A comprehensive examination of the regional dynamics and competitive milieu that shape the future of the market.
Key players in launching products targeted for COVID-19
Demand for hand sanitizers has seen an astronomical rise in recent months as a result of the COVID-19 outbreak. This has encouraged fast-moving consumer goods (FMCG) companies to develop hygiene products tailored to combat the spread of the pandemic and also in line with WHO guidelines.
A key market opportunity
Rapid spread of the coronavirus pandemic to accelerate market growth
The growth of the hand sanitizer market has been greatly stimulated by the unprecedented spread of COVID-19 around the world, which has shifted the global focus to basic hygiene and sanitation practices. Hand sanitizers are thought to play a central role in strengthening such practices because COVID-19 infection is deadly and is known to spread primarily through human contact. Since hands are generally the first point of contact for two or more people, hand hygiene has become a vital tool in the fight against this infection.
The importance of these disinfectants in the current scenario is further increased by the lack of effective treatment options and coronavirus vaccines. As a result, the World Health Organization (WHO) is loudly promoting the use of alcohol-based hand cleansers, especially for first-line health workers. Although frequent washing of hands with soap and water for 20 seconds is effective, they may not always be available, and in such cases these disinfectants can function as an effective alternative.
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North America will have a commanding position in the market; Europe will grow at a rapid pace
With a market size of $ 464.51 million in 2018, North America is in a good position to dominate the market share of hand sanitizers in the coming years. Raising people’s awareness of personal hygiene, currently triggered by the COVID-19 epidemic, will boost the 2020 market. Moreover, the U.S. now has the highest number of COVID-19 cases and deaths in the world, increasing the need to follow standard personal hygiene practices.
In Europe, a coronavirus pandemic has ravaged the continent and created a huge demand for hand sanitizers in the region. The Asia-Pacific market is expected to show the fastest growth due to growing demand for improved skin and other personal care products in India and China. Furthermore, programs launched by local authorities in India to raise awareness of school-level hygiene will serve this market well in the long run.
Key industry development:
April 2020: The talc brand owned by Zydus, Nycil, entered this disinfectant business by introducing its own hand sanitizer to meet the celestial demand for hand cleansers during a coronavirus outbreak. The company’s focus will remain on germ protection for the whole family, and the product will be the expansion of Heinz’s portfolio.
March 2020: The Himalayan Bioresource Technology Institute (CSIR-IHBT) based in Himachal Pradesh has devised a new hand sanitizer, which consists of alcohol, active tea ingredients and natural aromas. Most importantly, the product does not contain synthetic chemicals and was developed according to WHO guidelines.
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