Blog

Jan 23, 2024

Hand Sanitizer Market is Anticipated to Reach US$ 3.7 Billion by 2033, at a CAGR of 7.2%

NEWARK, DE / ACCESSWIRE / January 23, 2023 / The hand sanitizer Market is

NEWARK, DE / ACCESSWIRE / January 23, 2023 / The hand sanitizer Market is anticipated to explode in the next decade, with experts expecting an annual growth rate of 7.2% from 2023-2033 and a market worth of US$ 3.7 billion by 2033.

Increasing COVID-19 Infection Globally

Rising global awareness of cleanliness and personal hygiene is anticipated to raise demand for hand sanitizer, an antiseptic alternative to soap and water. It aids in the prevention of most of contagious diseases, such as COVID-19, norovirus, influenza, meningitis, hand, foot, and mouth disease, whooping cough, and methicillin-resistant Staphylococcus aureus (MRSA).

As people become more aware of how COVID-19 affects the population, they are more concerned about their own health and cleanliness. In the aftermath of the ongoing pandemic crisis, the hand sanitizer business has seen considerable developments worldwide.

However, due to supply chain interruptions and rising supply-demand gaps around the world, the sector is currently facing substantial problems in scaling up manufacturing capacity to assist relieve the supply constraint. To alleviate the supply constraint, numerous corporations have begun to use their mass production capabilities to produce these products for their home markets.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-707

In response to the COVID-19 pandemic, innovators, and entrepreneurs all around the world are revamping their business models. Breweries and distilleries are shifting their focus from spirits to hand sanitizers in the craft cocktail industry.

Key Takeaways

The hand sanitizer market is expected to record a CAGR of 7.2% from 2023 to 2033.

The hand sanitizer market in India is primarily driven by the rising trend of aromatic hand sanitizers with natural and eco-friendly chemicals to maintain hand hygiene.

The hand sanitizer market is dominated by North America region.

Asia Pacific is the most rapidly rising region.

Key Development

In response to the COVID-19 pandemic, Honeywell announced an increase in its manufacturing activities at two chemical manufacturing plants in April 2020 to produce and provide hand sanitizer to government agencies. The company's facilities in Muskegon, Michigan, Seelze, and Germany manufactured these products for government agencies and institutions.

SC Johnson, a global manufacturer of household and professional cleaning and disinfecting products, converted a line designated for new product testing in April 2020 to produce up to 75,000 bottles of hand sanitizer per month for health workers, first responders, and the company's own production employees.

In May 2020, Doctor Shultz's joined together with the clothing company Ilthy to produce and supply face masks and hand sanitizer. Ahava, released of 3.4 oz. FDA-approved gel hand sanitizer in September 2020. Using skincare skills to minimize bacteria, resulting in less infection. During the COVID-19 outbreak, product advancements are likely to meet the demand for hand sanitizers.

On March 22, 2022, Dabur Ltd., an Indian multinational consumer products firm, declared that it will stop producing sanitizers owing to shrinking demand, while Radico Khaitan, a liquor powerhouse, reduced pure alcohol manufacturing to supply sanitizer companies.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-707

Hand Sanitizer Market Key Segment

By Product Type:

Foaming Hand Sanitizers

Foaming Instant Hand Sanitizer

Instant Hand Sanitizer Gel

Spray Hand Sanitizer

By Content:

Alcohol Based

Non-Alcohol Based

By Active Ingredient:

Ethyl Alcohol

Benzalkonium Chloride

Isopropyl

By Packaging Type:

Flip Flop Bottles

Pump Bottles

Dispensing Packets

Jars/Cans

By End Use:

Institutional

Hospitals & Healthcare

Offices/Commercial

Foodservice

Food Processing

Schools & Universities

Manufacturing & Industrial

Hospitality

Grocery, Convenience Store & Retail

Others

Household

By Pack Size:

Below 100 ml

101 ml-300 ml

301 ml -500 ml

501 m & Above

By Sales Channel:

Direct

Indirect

Hypermarkets/Supermarkets

Specialty Stores

Multi-Brand Stores

Discount Stores

Independent Departmental Stores

Online Retailers

Other Sales Channel

Ask For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-707

Table of Content

1. Executive Summary | Hand Sanitizer Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

Have a Look at Related Research Reports of Consumer Product

Hand Sanitizer Spray Pen Market Sales: The hand sanitizer spray pen market is likely to register a CAGR of 11% during the forecast period, and is anticipated to reach a market share of US$ 11.36 Bn in 2032, from US$ 4 Bn in 2021, due to its convenient packaging which makes consumers carry it easily.

Latin America Hand Sanitizer Market Size: The Latin America hand sanitizer market is estimated to reach US$ 709.5 Mn in 2022 and is projected to be valued at US$ 1,617.3 Mn by 2032. The market is anticipated to grow at a CAGR of 8.6% from 2022 to 2032. Share of the Latin America hand sanitizer market in the global hand sanitizer market is 8%-9%.

Latin America Hand Soap Market Share: The Latin America hand soap market reached a valuation of US$ 3,502.7 Mn in 2022 and is projected to reach US$ 6,204.9 Mn by 2032, at a CAGR of 5.9% from 2022 to 2032. Share of Latin America hand soap market in the global hand soap market is 8%-9%.

Pet Oral Care Market Forecast: The overall pet oral care market share is projected to reach US$ 16,711 Million by 2032, following a moderate CAGR of 3.5% from 2022 to 2032. As per newly released data by Future Market Insights (FMI), the net worth of the global pet oral care market is estimated at US$ 11,848 Million in 2022.

Baby Oral Care Market Trends: The adoption of baby oral care is expected to increase at a CAGR of 2.3% during the forecast period. The baby oral care market size is anticipated to rise from US$ 1.31 Bn in 2023 to US$ 1.64 Bn in 2033.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware - 19713, USAT: +1-845-579-5705LinkedIn| Twitter| Blogs | YouTubeFor Sales Enquiries: [email protected]

SOURCE: Future Market Insights Inc.

View source version on accesswire.com: https://www.accesswire.com/736234/Hand-Sanitizer-Market-is-Anticipated-to-Reach-US-37-Billion-by-2033-at-a-CAGR-of-72-Future-Market-Insights-Inc