Global hand sanitizer Market
was valued at US$ 2,615.4 1 million in 2019 and is anticipated to witness a
very high growth in 2020 and would reach a market size of US$ 15,352.6 million
by the end of 2020. Further the market is expected to witness a CAGR growth of
9.15% during 2021-2026 period. Coronavirus
disease (COVD-19) has turned out to be an infectious disease that has been
caused by a newly discovered coronavirus. Most people fall sick with the
disease are expected to experience mild to moderate symptoms and recover
without special treatment. COVID-19 is mainly transmitted through droplets
generated when an infected person coughs, sneezes, or exhales. These droplets
are too heavy to hang in the air, and quickly fall on floors or surfaces. The
person can be infected by breathing in the virus if the infected person is
within close proximity of someone who has COVID-19, or by touching a
contaminated surface and then eyes, nose or mouth. Hence, just as a
precautionary measure, hand sanitizers have come across as a beneficial product
in various aspects inclusive of mitigation of spread of Coronavirus disease
worldwide. COVID-19 pandemic just in the beginning of 2020 has significantly
spurred the demand for hand sanitizers WHO and FDA have also taken initiative
across the world by permitting the hand sanitizers manufacturers to
rapidly increase their production capacity to cope with the ever increasing
hand sanitizers demands. While the COVID-19 cases are on the rise, it seems
there are not enough hand sanitizers available in stores and pharmacies right
now for all of the potential buyers who are expected to be struck by the virus.
According to a survey, more than 80% of the world population have been using
hand sanitizers while remaining claimed to not to use the product.
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Around the world,
strict lockdowns were imposed as the COVID-19 outbreak took hold. From
Australia to Africa, from America to Europe and to Asia, cities were shut down,
restricting how often people were allowed to leave their homes and for what
reason. India has asked 1.3 billion citizens of the country to stay home. As of
May 15, 2020; the total coronavirus cases topped 4.6 million as more than
99,401 more people contracted the infection in a single day. The death toll
worldwide stood at 308,542 and the number of recoveries at 1.75 million as of
15th May 2020. Nearly 80% of the coronavirus cases are from United States and
Europe. United States accounts for more than 30% while Europe is the most
affected continent with 1,780,818 cases and 162,852 fatalities as of May 17th
2020. Chinese
Centre for Disease Control and Prevention finding reveals that 80.9% of the
total coronavirus cases were classified as mild while 13.8% and 4.7% were
categorized as severe and critical respectively. A COVID-19 related lung injury
is typically classified as an acute respiratory distress syndrome (ARDS).
Severely ill COVID-19 patients will need ventilators and so increasing cases,
the demand for ventilator is on the rise from across the world.
Insights
Presented in the Report
“Amongst
Product Type, Gel-based Hand Sanitizer is the most demand form of hand
sanitizer and is expected to dominate the market”
Based on product type, the hand sanitizer market is
classified into gel-based, liquid-based, foam-based and other form of hand
sanitizers. It has been observed that due to the rising fears of new
coronavirus, many of the gel-based hand sanitizer products are quickly selling
out or appearing at prices well above the market retail. Gel based hand
sanitizer market is expected to increase from US$ 1,039.0 million in 2019 to
US$ 6,062.5 million by 2020 owing to the rising demand from hospital and
household for hand hygiene purpose to fight COVID-19 outbreak.
“Amongst
End Users, hospital and household are the major end-users of hand sanitizer.
Hospital being the most prominent end-user”
Based on end-users, the hand sanitizer market is
bifurcated into households, hospitals, restaurants& hotels and
others. Households held the lead share in the market accredited to the
increasing awareness of hand hygiene on account of being an important measure
to restrict the occurrence of any kind infection. The outbreak of COVID-19 has
considerably reinforced the significance of regular hand sanitizing and
cleaning practices among consumers and is among the prominent factors driving
the market. Demand of hand sanitizer in the government and commercial offices
is expected to increase from US$ 526.8 million in 2019 to US$ 3,057.0 in 2020.
With more and more number of tests conducted, demand for hand sanitizer for
hygiene purpose is expected to increase.
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“Amongst
Distribution Channel, departmental or convenience stores are anticipated to
hold the maximum share”
Based on the
distribution channel, the market is classified into pharmacies, supermarkets
& hypermarkets, departmental stores/convenience stores and other channels
such as online mode. An increasing number of departmental stores across various
countries and quick access to the product in contrast to online channels where
the consumers are made to wait for the delivery of the product.
“Amongst
Countries, the US is expected to need more of hand sanitizer amid COVID-19”
For a better
understanding of the hand sanitizer demand, a trend arises due to COVID-19, a
detailed analysis was conducted for top 10 most affected countries including
United States, Germany, United Kingdom, France, Italy, Spain, Russia, Turkey,
Iran, and India. United States currently registered maximum sales of hand
sanitizers available and is expected to need even more than any other country
across the world as the countries acquires for more than 30% of the global
COVID-19 cases alone and the cases are still on rise.
Top
10 Competitive Players
Some of the
major players operating in the market include Unilever Lifebuoy, Gojo, S. C.
Johnson & Son, Inc., ITC Ltd., 3M Company, Beiersdorf AG, Clorox, Ecolab
Inc., Winova, and RECKITT BENCKISER. The industry have witnessed an increase in
demand owing to COVID-19 in the first quarter of 2020 and is expected to
witness similar trend at-list for the remaining part of 2020. However, the
market would witness a decline post 2020. The companies have expanded their
production owing to the sudden surge in
demand.
Reasons
to buy this report:
- The study includes current and demand forecast of hand sanitizers due to COVID-19 outbreak
- The report presents a quick review of overall industry performance at one glance
- The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry
- The study comprehensively covers the hand sanitizer demand and stakeholders approach in limiting its gap
- Deep dive country-level analysis
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Customization
Options:
Hand
Sanitizer Market can further be customized in terms
of volume as per the requirements. Besides this, UMI understands that you may
have your own business needs, hence feel free to connect with us to get a
report that completely suits your requirements.
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