A recent report published by Infinium Global Research on hand sanitizer market provides an in-depth analysis of segments and sub-segments in the global as well as regional hand sanitizer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hand sanitizer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hand sanitizer market. According to the report, the global hand sanitizer market is projected to grow at a CAGR of 9.0% over the forecast period of 2019-2025.
The key players in the hand sanitizer market are focusing on mergers, acquisitions, and new product launches that help to expand the market share. The presence of several players in the hand sanitizer market makes it fragmented. Companies are launching innovative products with different fragrance, attractive packaging, and provide various offers and discounts. Hand sanitizers are becoming an essential part of a healthy and hygienic lifestyle.
The growing demand for sanitizers as a preventive measure drives the growth of the hand sanitizer market. The increasing number of health conscious people worldwide contributes to the growth of the hand sanitizer market. The development in lifestyle and rising healthcare expenditure propel the growth of the hand sanitizer market. Hand sanitizers are useful in prevention from the transmission of infection. The growing awareness about the health benefits of hand sanitizers fuels the growth of the hand sanitizer market. On the flip side, damaging effects of hand sanitizers such as ocular irritation, vomiting restraints the growth of the hand sanitizer market. Moreover, research and development encourage to innovate new products that create new opportunities for the growth of the hand sanitizer market.
On the basis of geography, the global hand sanitizer market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to hold a premium share in the global hand sanitizer market. The United States has a maximum share in the hand sanitizer industry. Hand sanitizer sales in the U.S. account for more than 25% of the global revenues. Asia-Pacific region is expected to grow in the global hand sanitizer market with a healthy CAGR over the forecast period. The growing healthcare industry and increasing government initiatives for hygiene and sanitation in Asia-Pacific fuel the growth of the Asia-Pacific hand sanitizer market. Europe is anticipated to grow in the global hand sanitizer market owing to convenient packaging and new fragrant products.
The report on global hand sanitizer market covers segments such as product type, distribution channel, and end user. On the basis of product type, the sub-markets include gel, foam, spray, and other product types. On the basis of distribution channel, the sub-markets include departmental store, pharmacy store, online channels, and other distribution channels. On the basis of end user, the sub-markets include restaurants, household purpose, schools, hospitals, and other end users.
The report provides profiles of the companies in the market such as The Himalaya Drug Company, Procter and Gamble, Reckitt Benckiser Group, GOJO Industries, Inc., Henkel AG & Company, KGaA, Unilever, Vi-Jon Laboratories Inc., Chattem Inc., Best Sanitizers Inc., Kutol Products Company, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hand sanitizer market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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