Hand Sanitizer Industry Overview
The global hand sanitizer market size was valued at USD 6.02 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030.
Rising global awareness regarding sanitation and personal hygiene is expected to drive the demand for hand sanitizer as it is an antiseptic solution, which is used as an alternative to soap and water. Moreover, it helps in preventing some of the most infectious diseases, including COVID-19, norovirus, influenza, meningitis, hand, foot, and mouth disease, pertussis (whooping cough), and methicillin-resistant staphylococcus aureus (MRSA).
The COVID-19 pandemic has called for the increased use of hand sanitizers worldwide in public facilities, transportation, hospitals, nursing homes, and even common households to mitigate the virus burden. Active ingredients such as ethyl alcohol used to manufacture sanitizers are recommended for use against COVID-19 viruses by The United States Food and Drug Administration (FDA) which claims to be effective against the SARS CoV-2 virus. Such factors are likely to bode well with the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Hand Sanitizer market
Health and hygiene concerns are increasing among individuals worldwide on account of rising awareness regarding the impact of COVID-19 on the population. The market has been witnessing significant developments in the hand sanitizer industry worldwide in the wake of the ongoing pandemic crisis. However, with the supply chain disruptions and widening supply-demand gaps worldwide, the industry is currently facing significant challenges with regard to ramping up manufacturing capacities to help mitigate the supply shortage. In order to address this supply shortage, several companies have begun leveraging their mass production capabilities to manufacture these products for their domestic markets.
For instance, in April 2020 Honeywell announced an expansion of its manufacturing operations at two chemical manufacturing facilities to produce and donate hand sanitizer to government agencies in response to shortages created by the COVID-19 pandemic. The company's sites in Muskegon, Michigan, Seelze, and Germany, would produce these products over the next two months-(May and June 2020) for government agencies, and institutions in need.
However, third-party manufacturers or contract, manufacturers, have been critical to major brands in increasing their output in 2020-2021. For instance, in April 2020, SC Johnson, a global manufacturer of household and professional cleaning and disinfecting products, has converted a line reserved for testing new products to produce up to 75,000 bottles of hand sanitizer per month for health workers, first responders, and the company’s own production employees.
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• Hand Wash Market - The global hand wash market size was valued at USD 6.55 billion in 2019 and is expected to witness significant growth over the forecast period. Increasing awareness related to the role of hand hygiene in infection control is one of the key factors driving the market.
• Hand Care Market - The global hand care market size was valued at USD 12.4 billion in 2018 and is anticipated to expand at a CAGR of 4.5% from 2019 to 2025. The market is driven by increasing need to maintain hand hygiene, inclination of consumers towards health and wellness, and rise in health expenditure.
• Antibacterial Products Market - The global antibacterial products market size was valued at USD 27.04 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2021 to 2028. Increasing demand for antibacterial products owing to the rising customer awareness about cleanliness is contributing to market growth. Moreover, the increasing prevalence of bacterial and viral diseases, such as cellulitis, impetigo, and leprosy, has boosted the demand for such products among consumers across the globe.
Hand Sanitizer Market Segmentation
Grand View Research has segmented the hand sanitizer market based on product, distribution channel, and region:
• Hand Sanitizer Product Outlook (Revenue, USD Million, 2017 - 2030)
o Gel
o Foam
o Liquid
o Others
• Hand Sanitizer Distribution channel Outlook (Revenue, USD Million, 2017 - 2030)
o Hypermarket & Supermarket
o Drugstore
o Online
o Others
• Hand Sanitizer Regional Outlook (Revenue, USD Million, 2017 - 2030)
o North America
o Europe
o Asia Pacific
o Central & South America
o Middle East & Africa
Market Share Insights
• May 2020: Doctor Shultz’s, partnered with Ilthy, a clothing brand for manufacturing and supplying hand sanitizers and face masks.
• April 2020: DetectaChem launched its own low-cost antiseptic hand rub, which is available to purchase on the DetectaChem website. The launch was made in response to increasing community safety during the COVID-19 pandemic.
Key Companies profiled:
Some prominent players in the global hand sanitizer market include
• Reckitt Benckiser Group plc
• Procter and Gamble
• The Himalaya Drug Company
• GOJO Industries, Inc.
• Henkel AG and Company
• Unilever
• Vi-Jon
• Chattem, Inc.
• Best Sanitizers, Inc.
• Kutol
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