NEW YORK, April 15, 2020 (GLOBE NEWSWIRE) -- The global Hand Sanitizer market is expected to reach USD 7.32 Billion by 2027, according to a new report by Reports and Data. The growing demand for hand sanitizers is owing to its benefits in decreasing the transmission of gastrointestinal and respiratory infectious diseases, as well as it possesses constituents that prevent skin dryness and irritation as compared to hand-washing. Studies have found that the use of hand sanitizers in classrooms may lessen student absenteeism by around 20.0% owing to illness. Further, growing awareness about hand hygiene to check the spread infections contracted in hospitals is driving the market demand.
COVID-19 Impact
The outbreak of COVID-19 pandemic has resulted in a spiraling increase in the sales of hand sanitizers. The demand for the product has increased to such an extent that supermarkets and pharmaceutical stores have limited the number an individual can buy at a time. Alcohol-based hand sanitizers are an effective measure in combatting the spread of the disease as alcohol attacks and destroys the protein envelope that surrounds coronaviruses. CDC (Center for Disease Control & Prevention) suggests the usage of alcohol-based hand sanitizers with over 60.0% ethanol or 70.0% isopropanol as the desired form of hand hygiene in healthcare settings, on the basis of greater access to hand sanitizer. Besides, CDC recommends that healthcare service providers who apply alcohol-based hand sanitizers may update patients that they are doing this in accordance with CDC guidelines.
Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/2923
The prices of hand sanitizers have witnessed a surge in price by retailers across several international markets, due to the swelling demand resulting from the COVID-19 pandemic. The virus having originated in China has spread to over 60 nations. The sales of hand sanitizer in the U.K. observed a year-on-year rise of over 250.0% in February. Moreover, witnessing a huge gap in the demand-supply gap, players in the market deploying their manufacturing proficiency and amenities to increase the production of the product to aid in mitigating the supply shortage.
In March 2020, Dow Europe and Ineous, leading polymer manufacturers, are using the already available raw materials and deploying it to produce sanitizers and thereby addressing the shortfall.
In March 2019, the Government of India declared hand sanitizers, among other products under essential commodities, and has fixed the prices of such items.
Further key findings from the report suggest
BUY NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.reportsanddata.com/checkout-form/2923
For the purpose of this report, Reports and Data have segmented the global hand sanitizer market on the basis of type, form, application, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Form Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hand-sanitizer-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.