The Hand Sanitizer Market is expected to reach market size of $1.8 billion by 2023, growing at a CAGR of 10.6% during the forecast period. Hand sanitizers are antiseptic or disinfectant which are in the form of gels, foams, sprays, or in liquid forms, and are used instead of washing hands. The hand sanitizers are considered to be much more effective over regular soaps and can kill more microorganisms than soaps do.
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Global sales of hand sanitizers have been significantly growing over the years, and the market is driven due to the growing awareness among the consumers over the need for hygiene which would prevent the spread of contagious diseases. Periodic outbreak of Avian flu, Swine flu, and SARS, as well as the recent Ebola virus disease (EVD) epidemic in the Western Africa has been a major factor in driving the demand for hand sanitizers, globally.
Based on Product Types, the market is segmented into Gel, Spray, Foam, and Others. Based on End-User, the market is segmented into Hospitals, Hotels & Restaurants, Residential, and Others. Based on Sales Channels, the market is segmented into Departmental Store & Supermarkets, Pharmacies, Online Store, and Others.
Based on region, Hand Sanitizer market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, Middle East & Africa. North America remained the dominant region in the Hand Sanitizer market in 2016. Asia-Pacific would witness promising CAGR during the forecast period (2017-2023).
The report covers the study of key stake holders of the Hand Sanitizer market. Key companies profiled in the report include Reckitt Benckiser Group Plc., 3M Company, Sanofi (Chattem, Inc.), PROCTER & GAMBLE CO, Unilever, GOJO Industries, Inc., L Brands (Bath & Body Works, LLC), Deb Group Ltd., Henkel AG & Company, KGaA, and Kimberly- Clark Corporation.
Related Research Reports: Hand Sanitizer Market
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