Regional Growth Analysis and Market Trends 2021-2025
The hand sanitizer market is set to grow by $ 458.83 mn, decelerating at a CAGR of almost 1% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenarios. It provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the forecast period. The report also offers a breakdown of all the regional players and their market share along with best-performing segments. This detailed analysis will help our clients identify areas of high growth as well as those with significant growth potential.
Hand Sanitizer Market: Europe to lead market growth during the forecast period
The report provides insights into the following FAQs:
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Hand Sanitizer Market Size to Grow by $ 458.83 mn through 2021-2025
The hand sanitizer market is expected to grow by $ 458.83 mn, decelerating at a CAGR of almost 1% 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.
Hand Sanitizer Market: Receive Free Sample Report
Hand Sanitizer Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (Gel, Foam, Spray, and Wipe), Geography (North America, Europe, APAC, South America, and MEA), End-user (Commercial, Residential, and Institutional), and Distribution channel (Offline and Online). 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 Sanitizer 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., Godrej Consumer Products Ltd., GOJO Industries Inc., L Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., The Clorox Co., The Procter & Gamble Co., Unilever Group, and Vi-Jon Inc. 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.
Hand Sanitizer Market Size to Grow by $ 458.83 mn During 2021-2025
Technavio has been monitoring the hand sanitizer market and it is expected to grow by $ 458.83 mn, decelerating at a CAGR of almost 1% 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 View Free Sample Report
Hand Sanitizer Market: Europe to lead market growth during the forecast period
Hand Sanitizer Market: Key Competitors
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., Godrej Consumer Products Ltd., GOJO Industries Inc., L Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., The Clorox Co., The Procter & Gamble Co., Unilever Group, and Vi-Jon Inc. 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 on this market: Download a Free Sample Report
Hand Sanitizer Market: Key Highlights of the Report for 2021-2025
The hand sanitizer market has the potential to grow by USD 458.83 million during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 1.02%.
This hand sanitizer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (gel, foam, spray, and wipe), geography (North America, Europe, APAC, South America, and MEA), end-user (commercial, residential, and institutional), and distribution channel (offline and online). The hand sanitizer market report also offers information on several market vendors, including 3M Co., Godrej Consumer Products Ltd., GOJO Industries Inc., L Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., The Clorox Co., The Procter & Gamble Co., Unilever Group, and Vi-Jon Inc. among others. View Free Sample Report
Market Driver: Rise in launch of new products to drive growth
Vendors in this market are focusing on introducing new products to increase their market share. For instance, Dr. Bronner’s has launched the new Peppermint scented Organic Hand Sanitizer, a certified organic and fair-trade product containing organic glycerine. Similarly, ITC launched the Savlon brand of sanitizers, especially for kids, which allows dosage control and minimizes product wastage. The increasing launch of new products is one of the significant factors that will influence hand sanitizer market growth in the coming years.
Leading Product Segment: Popularity of organic hand sanitizers
The increasing popularity of hand sanitizers with vibrant fragrance rather than conventional fragrance is one of the trends that can influence the growth of the market positively during the forecast period. Moreover, the popularity of organic hand sanitizers is increasing among health-conscious consumers. Therefore, the growth of the market segment is expected to be significant during the forecast period. In 2021, the demand for gel-based sanitizers is expected to grow significantly owing to the spread of COVID-19.
Key Emerging Trend: Outbreak of COVID-19
The outbreak of diseases has driven consumers to take up various preventive measures, such as the increased use of hand sanitizers. The recent outbreak of COVID-19 around the world has also raised hygiene concerns among the global population. The rising need for consumers to protect themselves from various diseases will boost the demand for hand sanitizers and sanitizing hand wipes. The growing popularity of sanitizers as a preventive measure is one of the vital hand sanitizer market trends that will fuel the growth of the market.
Hand Sanitizer Market: Vendor Analysis
The market is fragmented due to the presence of several players. 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., Godrej Consumer Products Ltd., GOJO Industries Inc., L Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., The Clorox Co., The Procter & Gamble Co., Unilever Group, and Vi-Jon Inc. 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 from the perspective of global industry trends, regional market influences and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio also provides three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download Free Sample Report
