A new report by Reports and Data suggests that the Alcohol-Based Hand Sanitizer Market is projected to achieve a value of USD 11.12 Billion by 2030. The reason behind the surging demand for hand sanitizers is its effectiveness in reducing the transmission of respiratory and gastrointestinal infectious diseases. Moreover, hand sanitizers contain ingredients that prevent skin dryness and irritation, making them a preferable alternative to hand-washing. Recent studies have indicated that the use of hand sanitizers in classrooms can reduce student absenteeism caused by illnesses by approximately 20.0%. Additionally, the growing awareness about the importance of hand hygiene to combat the spread of infections contracted in hospitals is fueling the market demand
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Top Companies Operating in the Global Alcohol-Based Hand Sanitizer Market Report:
Procter Gamble, GOJO Industries Inc., Unilever Group, Reckitt Benckiser Group PLC, Henkel AG Company, The Himalaya Drug Company, S.C. Johnson Son Inc., 3M Company, Godrej Consumer Products Ltd., and Vi-Jon Inc.
Further key findings from the report suggest
- By type, alcohol-based hand sanitizers are estimated to grow at a faster rate in the forecast period, as the alcohol present such products is capable of killing most of the germs, including coronavirus.
- By form, gel hand sanitizer contributed to the largest market share in 2019 and is likely to grow at a rate of 10.7% in the forecast period. Gel hand sanitizer easily spread on hands and need lesser time to eradicate germs in comparison to other types of sanitizers.
- By application, household purposes is likely to witness the fastest growth rate of 11.8% in the forecast period. Changing lifestyle trends and growing awareness about hygiene are responsible for the increasing demand for this application.
- North America contributed to the largest market share in 2019 and is expected to grow at a rate of 11.0% in the forecast period. Rising prevalence of nosocomial viral respiratory infections and the outbreak of COVID-19 recently are among the significant factors driving the growth of the market.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Alcohol-based
- Non-Alcohol based
Active Ingredient Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Ethanol or Ethyl Alcohol
- Banzalkonium Chloride
- Isopropyl
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Gel
- Liquid
- Foam
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Hospitals Clinics
- Hotels Restaurants
- Households
- Others
Key Takeaways of the Global Alcohol-Based Hand Sanitizer Market Report:
- A comprehensive overview of the global Hand Sanitizer industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Alcohol-Based Hand Sanitizer Market.
- Elaborate study of the leading regional markets in the global Alcohol-Based Hand Sanitizer Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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