Hand Sanitizer Market Size to Worth USD 3.80 Billion by 2030 | With a 3.8% CAGR


Pune, India, Aug. 08, 2023 (GLOBE NEWSWIRE) -- The global hand sanitizer market size was valued at USD 2.85 billion in 2022 and is expected to be worth USD 3.01 billion in 2023. The market is projected to reach USD 3.80 billion by 2030, recording a CAGR of 3.8% during the forecast period.

Hand sanitizers refer to anti-infection skincare products that protect the hands from disease-causing bacteria and viruses. As more people are becoming aware of the benefits of maintaining a good personal hygiene routine, the demand for hand sanitizers is projected to grow across the world. This will positively impact the hand sanitizer market growth.

Fortune Business Insights™ displays this information in a report titled, "Hand Sanitizer Market, 2023-2030."

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List of Key Players Profiled in the Hand Sanitizer Market Report: 

  • Reckitt Benckiser Group Plc (U.K.)
  • Gojo Industry Inc. (U.S.)
  • Henkel AG & Company (Germany)
  • Himalaya Global Holdings Ltd. (India)
  • Unilever Plc. (U.K.)
  • Bacardi Limited (Bermuda)
  • CVS Health (U.S.)
  • Best Sanitizer Inc. (U.S.)
  • Proctor & Gamble (U.S.)
  • SC Johnson & Son, Inc. (U.S.)

Report Scope & Segmentation:

Report AttributesDetails
Forecast Period2023-2030
Forecast CAGR3.8%
2030 Value ProjectionUSD 3.80 Billion
Market Size in 2022USD 2.85 Billion
Historical Data2019-2021
No. of Pages175
Report CoverageRevenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
  • By Product Form
  • By Type
  • By Distribution Channel
  • By End-User
  • By Region
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Hand Sanitizer Market Growth DriversRising Government Support in the Promotion of Hygiene Products to Augment Market Progress
Product Innovations by Incorporating Unique Ingredients to Drive Market Growth

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Report Coverage:

The report analyzes the market in detail and highlights crucial areas such as prominent companies, product types, forms, leading end-users, and distribution channels. The report also delivers insights into the latest market trends and covers top industry developments. Besides the factors mentioned above, the report informs readers on the industry’s competitive landscape and the factors that have contributed to the market’s growth in recent years.

Drivers and Restraints:

Rising Government Support to Promote Hygiene Products will Augment Market Progress

Governments across the world are launching various initiatives and programs to promote the significance of personal hygiene and cleanliness, thereby generating robust demand for personal care items. Moreover, doctors and healthcare professionals are increasingly recommending various tips to maintain a good hygiene routine, which will further propel the market growth.

However, rising availability of alternative products may hinder the market’s development.

COVID-19 Impact:

Growing Significance of Hygiene Solutions Boosted Product Demand During COVID-19 Pandemic

Hand sanitizers are widely known to protect people from a wide range of disease-causing bacteria and viruses. COVID-19 was a fast-spreading infection that affected millions of people across the globe. This factor helped these products gain tremendous traction among customers as they were effective in mitigating the human-to-human transmission of this virus. These advantages drove the hand sanitizer market share during the pandemic period.

Segments:

Gel Segment to Dominate due to based Wide Demand for Gel-based Sanitizing Solutions

Based on product form, the market is segmented into foam, gel, and liquid. The gel segment is expected to hold a considerable market share as gel-based sanitizers are more effective for germ protection than its counterparts.

Alcohol-based Sanitizers to Gain Traction due to their Robust Disease-Fighting Capabilities

Based on type, the market is segmented into alcohol-based and alcohol-free. The alcohol-based segment is predicted to dominate the market as these products are more effective in fighting off disease-causing bacteria and germs and can prevent infections.

Customers to Prefer Supermarkets/Hypermarkets for their Wider Product Choice and Heavy Discounts

Based on distribution channel, the market is segmented into pharmacy stores, supermarkets/hypermarkets, online retail channels, and others such as department stores, drug stores, and grocery stores. The hypermarket & supermarket segment holds a dominant position in the global market as these stores house a wider range of hand sanitizing solutions from different brands and offer heavy discounts on bulk purchases.

Hand Sanitizing Products to Gain Popularity Across Hospitals Due to Rising Patient Admissions

Based on end-user, the market is segmented into schools, restaurants, hospitals, household purpose, and others such as shopping plazas, the military, the corporate sector, and hotels.

The hospital segment dominates the market as the average patient footfall across hospitals is rising every year, which may boost the demand for hand sanitizing solutions.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Regional Insights:

North America to Lead Market Growth with Growing Presence of Reputed Product Manufacturers

North America is set to dominate the global market as the region has a vast presence of leading product manufacturers such as Nice Pak, Gojo Industries Inc., Vi Jon Inc., Edgewell Personal Care, and many others.

Europe is also anticipated to hold a sizeable market share due to the governments’ support to create a strong medical infrastructure.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Overview of the Parent Market
    • Industry SWOT Analysis
    • Recent Industry Developments
    • Supply Chain & Regulatory Analysis
    • Qualitative Analysis (In Relation to COVID-19)
      • Impact of COVID-19 on the Market
      • Supply Chain Challenges
      • Potential Opportunities due to COVID-19 Pandemic
  • Global Hand Sanitizer Market Analysis, Insights and Forecast, 2019-2030
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product Form
      • Foam
      • Gel
      • Liquid
    • Market Analysis, Insights and Forecast – By Distribution Channel
      • Pharmacy Store
      • Supermarket/Hypermarket
      • Online Retail Channels
      • Others
    • Market Analysis, Insights and Forecast – By Type
      • Alcohol Based Sanitizer
      • Alcohol Free Sanitizer
    • Market Analysis, Insights and Forecast – By End-user
      • Schools
      • Restaurants
      • Hospitals
      • Household Purpose
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • South America
      • Middle East & Africa

TOC Continued...!

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Competitive Landscape:

Effective Distribution Channels and Product Innovations by Leading Companies to Accelerate Market Growth

Some of the key companies operating in the market are focusing on innovating their disinfectant solutions to attract more customers. They are also trying to create and expand a strong product distribution network to seal their market positions and increase their global presence.

Key Industry Development:

  • November 2022: Reckitt Benckiser Group Plc. partnered with Essity AB to introduce a wide range of personal care products, such as antimicrobial foam soaps, multipurpose cleanser sprays, and hand sanitizing gels in Ireland, the U.K., Austria, and Germany.

Read Related Insights:

Soap Market Size to Reach USD 55.29 Billion by 2027 | CAGR of 5.0%

Liquid Soap Market Size to Worth USD 35.70 Billion by 2030 | At a 6.84% of CAGR

Hand Wash Market to Hit USD 4.29 Billion by 2028 | Industry to Generate 6.6% CAGR During (2021-2028)

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