Growing Statistics of Global Sanitizer Market.


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Uploaded on May 13, 2020

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Growing Statistics of Global Sanitizer Market.

Growing Statistics of Global Sanitizer Market Overview • The global hand sanitizer market size was valued at USD 2.7 billion in 2019. Shifting consumer preference towards convenient hygiene products is expected to drive the market. In addition, recent COVID-19 pandemic in the beginning of 2020 have spurred the market for hand sanitizer. Source: Google Images Massive demand • The demand for hand hygiene products have been exceeding the supply in both online as well as brick and mortar sale channels worldwide owing to the global outbreak of the virus in a short time span. The outbreak has reinforced the significance of regular hand sanitizing and cleaning practices among consumers. Source: Google Images Advantages • Hand sanitizers have an advantage over conventional hand washing products as they can be applied directly without water. The availability of hand sanitizers in convenient packaging such as sachet and mini bottles, which can easily be carried in a bag or a pocket by the consumers. Source: Google Images Survey findings • According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claim to not to use the product. The 77.0% population in the favor of using hand sanitizer is comprised of 37.5% male users and 62.5% of female users. Growing popularity • Rising influence of social media and online advertisements have exposed people to the recent trends of personal care and hygiene which is also accelerating the usage of hand sanitizers among consumers. These advertisements also allow people to get exposed to information regarding cleansers and healthy lifestyles. Source: Google Images Gel-based sanitizers • The gel based hand sanitizer segment dominated with a share of more than 49.0% of global market in 2019. Gel sanitizers provide the convenience of getting spread easily and penetrate into the skin to kill most of the bacteria. Easy product availability and wider access are driving the growth of the segment. Source: Google Images Distribution channel • Hypermarket and supermarket channel accounted for the largest share of more than 39.3% of the market in 2019. Increasing number of hypermarkets and supermarkets across various regions have experienced surge in the distribution of hand sanitizers in the market Regional insights • North America dominated the market and accounted for revenue share of 32.2% in 2019. Growing concern for health and hygiene maintenance by majority of the population in the region is expected to drive the market. Asia Pacific is expected to witness the fastest CAGR of 23.5% in 2020-27 Source: Google Images Growth • The global hand sanitizer market was valued at USD 2.0 billion in 2019 and is expected to reach USD 5.5 billion by 2025. Some of the major players operating in the global hand sanitizer market are Henkel AG & Company, Procter & Gamble, Reckitt Benckiser Group, Unilever, The Himalaya Drug Company etc. Source: Google Images