Hand Hygiene Market Size to Grow by $ 8.76 bn through 2021-2025
The hand hygiene market is expected to grow by $ 8.76 bn, accelerating at a CAGR of almost 9% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Hand Hygiene Market: Segmentation by End-user
This report provides a detailed analysis of the market by End-user (Commercial, Industrial, and Residential) and Geography (North America, APAC, Europe, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Hand Hygiene Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Colgate-Palmolive Co., EcoHydra Technologies Ltd., Godrej Consumer Products Ltd., GOJO Industries Inc., Kimberly-Clark Corp., S. C. Johnson & Son Inc., The Clorox Co., The Procter & Gamble Co., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the global hand hygiene market and it is expected to grow by USD 8.76 billion accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Hand Hygiene Market: Segmentation by End-user
During 2019, the commercial segment accounted for the major share of the Hand Hygiene Market. The growth of the commercial sector in the hand hygiene market will be driven by the increasing demand for hand hygiene products from hospitals and the hospitality industry. The recent COVID-19 pandemic, which is a communicable disease, has also influenced various organizations and commercial setups across the globe to proactively offer hand hygiene solutions to their employees. This is helping them in maintaining hygiene and preventing the transmission of COVID-19. Hence, the increasing demand for hand sanitizers in various commercial establishments will help in driving the growth of the segment during the forecast period. The post COVID19 impact has fast-tracked the demand for hand hygiene products.
Hand Hygiene Market: Segmentation by Geography
North America was the largest Hand Hygiene Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 35% of the market’s growth will originate from North America during the forecast period with the US being a key market for hand hygiene products. Market growth in this region will be faster than the growth of the market in APAC, MEA, and South America. The prevalence of infectious diseases and the recent outbreak of the COVID-19 pandemic will facilitate the hand hygiene market growth in North America over the forecast period.
Hand Hygiene Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Colgate-Palmolive Co. and EcoHydra Technologies Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
