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As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Hand Sanitiser Market Report and Forecast 2021-2026, the global hand sanitiser market size reached a value of USD 1223.2 million in 2020. The market is likely to increase at a CAGR of 10% in the forecast period of 2021-2026.
The global hand sanitiser market is being driven by the rising inclination of consumers towards health and well-being, contributing to growing product developments. Favourable funding for sanitation needs from organizations like the FDA and the WHO is further increasing the demand for hand sanitisers. Gel hand sanitiser is expected to continue to have the maximum share in the hand sanitiser industry because it is readily available throughout the aisles of different stores, from general stores to supermarkets. Moreover, gel hand sanitiser takes relatively less time to remove germs effectively. Furthermore, the foam hand sanitiser will also gain momentum over the forecast period of 2021-2026. Foam hand sanitiser sticks directly to the hand and is comparatively smaller than mist, liquid, gel, as well as other hand sanitisers. All such qualities make the foam hand sanitiser a lucrative consumer option. The growth of the hand sanitizing market will still be powered at an incredible rate by its time-efficient and easily accessible aspects.
The leading key players in the industry like Procter & Gamble Co (NYSE: PG) and Henkel AG & Co. KGaA (OTCMKTS: HENKY) produce personal care products like hand sanitisers. Henkel AG & Co. KGaA provides a wide range of sanitisers under its brand called Dial. These hand sanitisers are available in a wide range, catering to the different demands of the consumers. The demand for hand sanitisers is growing rapidly due to the outbreak of a deadly virus called Coronavirus or COVID-19. The tremendous growth in demand has led to inflated prices on various platforms.
Market Analysis by Product, Distribution Channel, End Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major key players in the global hand sanitiser market include companies like Himalaya Wellness [Himalaya Global Holdings Ltd.], Procter and Gamble, Gojo Industries, Inc., Henkel AG & Co. KGaA, and Unilever PLC, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.
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