NEW YORK, April 30, 2020 (GLOBE NEWSWIRE) -- From USD 620.0 million in 2019, the European hand sanitizer market is predicted to grow to USD 1,760.0 million by 2025, registering a CAGR of 17.7% during the forecast period (2020–2025).
Industry Insights by Product (Foam, Gel, Liquid, Others), by Distribution Channel (Specialty Store, Hypermarket & Supermarket, Online, Drugs Store), by End User (Hospitals, Corporates, Military, Restaurants, Others)
The major factors fuelling the growth of the market are rising awareness regarding the health and hand hygiene, new product launch in hand sanitizer industry, increasing demand of products which helps in protecting against life threatening disease, changing lifestyle, and sudden outbreak of COVID-19.
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Moreover, keeping the hands hygienic is considered to be the most vital factor and government across the globe are emphasizing and promoting the utilization of hand care products in order to evade health issues amongst the consumers. Moreover, FDA and WHO are implementing rampant efforts in order to aware the consumers regarding hand hygiene and risk factors prevailing by not adhering to hygiene level of hands.
The hypermarket & supermarket division, under the distribution channel segment, would hold the largest share in the Europe hand sanitizer market in 2019
On the basis distribution channel, the Europe hand sanitizer market is segmented into specialty store, hypermarket & supermarket, online, and drugs store. The hypermarket & supermarket division, under the distribution channel segment, would hold the largest share in the European hand sanitizer market in 2019. This is because, as this channel provides quick access to the hand sanitizers as compared to the purchase of this product through online channel.
Geography Insight
Geographically, Germany was the largest hand sanitizer market in 2019 and is further anticipated to generate largest revenue by 2025. The growth of this product in the country is attributed towards wider accessibility of hand sanitizers along with rapid prevalence of online and offline distribution channels to the meet the demand of the product along with massive outburst of coronavirus.
Competitive Insight
Some of the major players operating in the Europe hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., and Chattem Inc.
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the Europe hand sanitizer market on the basis of product, distribution channel, end user, and region.
Europe Hand Sanitizer Market Coverage
Product Insight and Forecast 2015-2025
- Foam
- Gel
- Liquid
- Others
Distribution Channel Insight and Forecast 2015-2025
- Specialty Store
- Hypermarket & Supermarket
- Online
- Drugs Store
End User Insight and Forecast 2015-2025
- Hospitals
- Corporates
- Military
- Restaurants
- Others
Geographical Segmentation
Europe Hand Sanitizer Market by Country
Germany
- By Product
- By Distribution Channel
- By End User
U.K.
- By Product
- By Distribution Channel
- By End User
France
- By Product
- By Distribution Channel
- By End User
Italy
- By Product
- By Distribution Channel
- By End User
Spain
- By Product
- By Distribution Channel
- By End User
Russia
- By Product
- By Distribution Channel
- By End User
Rest of Europe
- By Product
- By Distribution Channel
- By End User
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From USD 532.0 million in 2019, the U.S. hand sanitizer market is predicted to grow to USD 1,289.8 million by 2025, registering a CAGR of 15.7% during the forecast period (2020–2025). The market is witnessing huge demand, due to sudden outbreak of COVID-19 pandemic in the beginning of 2020. The increasing demand of hand sanitizer have been exceeding the supply in both online as well as in retail shops due to the global outbreak of COVID-19 in a very rapid pace. Due to the COVID-19 outbreak, leads to an increase in the awareness of hand hygiene and cleaning practices among consumers and is one of the key factors driving the growth of the U.S. market.
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