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Hand Sanitizer Market to Reach $3.47 Billion by 2028; Cavinkare Launches Sanitation Products to Propel Monetary Gains: Fortune Business Insights™

November 01, 2021 | Consumer Goods

The global hand sanitizer market size was USD 2.98 billion in 2020. The market is projected to grow from USD 2.79 billion in 2021 to USD 3.47 billion in 2028 at a CAGR of 3.1% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Hand Sanitizer Market Size, Share & COVID-19 Impact Analysis, By Product Form (Foam, Gel, and Liquid), By Type (Alcohol-based and Alcohol-free), By Distribution Channel (Pharmacy Stores, Supermarkets/ Hypermarkets, Online Retail Channels, and Others), By End-User (Schools, Restaurants, Hospitals, Household Purpose, and Others), and Regional Forecast, 2021-2028.” According to our research analysts, companies emphasize developing several skin washes forms such as liquid, foam, gel, and sprays to entice customers towards these products.


Growing Importance of Sanitation Goods during COVID-19 Outbreak to Aid Market Growth


Hand sanitizers are significantly capable of concluding the diseases producing bacteria as well as viruses. Similarly, by using such products, people can help themselves in a better method from the coronavirus and interrupt the chain of COVID-19 disease caused due to human-to-human transmission.


Consequently, product demand shall endure rising owing to such benefits. Also, from 14th March 2019 to 14th March 2020, the Government of Canada, Department of Statistics, registered over 600% hike in the deals of hand sanitizers in Canada.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/hand-sanitizer-market-102710


Univar Solutions Collaborates with INEOS to Battle against Hand Sanitizer Scarcity in Europe


Univar B.V., a subsidiary of Univar Solutions Inc., a global chemical and ingredient supplier and distributor of value-added amenities, declared it had merged forces with INEOS for the "Hands-On!" movement to assist combat scarcities in commercial sanitizer goods in Europe.


Moreover, the founder and chairman of INEOS, promised to build a hand sanitizer division in the U.K. within ten days, with the objective of manufacturing and contributing one million packs every month to help fight the European deficiency of the product.  The latter organization communicated with Univar Solutions, a long-standing and reliable partner, to assist with the mission. 


Technology Invention to Fuel Market Growth


Companies are constantly trying to implement inventions in personal care goods to entice procurements by customers and to upsurge their market reach. This innovation includes the accumulation of the fragrance-effective constituents in the numerous skincare groups, which produce consciousness among the customers for the efficacy of the cleaning products.


Invention and Operative Distribution Channels are Vital Aspects Aiding the Growth of Market


Key players in the market are persistently concentrating on innovation in the excellence and form of sterilizers and the form and dimension of the cleansing accessories to offer operative bacteria fortification solutions.


Industry Developments-



  • March 2020: Cavinkare has presented economical sanitizers under the trademarks of CHIK, Raaga, and Nyle to offer shielding and hygiene solutions to people from disease-generating germs and bacteria.


List of Key Players Covered in the Report



  • Reckitt Benckiser (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.)


Further Findings



  • Gel segment is projected to hold a significant share as gel form as a cleanser is more effective for germ protection as compared to other forms of sanitizers. The easy usage and high efficacy are expected to bolster the segment’s growth.

  • The hand sanitizer market size in North America was worth USD 1.38 billion in 2020 and is likely to emerge dominant during the forecast period due to the presence of pioneer manufacturers, including Nice Pak, Gojo Industries Inc., among others.


Table of Segmentation














































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



By Product Form



  • Foam

  • Gel

  • Liquid



By Type



  • Alcohol-Based

  • Alcohol-Free



By Distribution Channel



  • Pharmacy Stores

  • Supermarket/Hypermarkets- holds the major share

  • Online Retail Channels

  • Others (Departmental Stores, Grocery Stores)



By End-Users



  • Schools

  • Restaurants

  • Hospitals

  • Household Purpose

  • Others (Shopping Plaza, Military, Corporate Sectors, Hotels)



By Geography



  • North America (By Product Form, Type, Distribution Channel, End-User, and by Country)

    • U.S. (By Product Form)

    • Canada (By Product Form)

    • Mexico (By Product Form)



  • Europe (By Product Form, Type, Distribution Channel, End-User, and by Country)

    • Germany (By Product Form)

    • France (By Product Form)

    • Italy (By Product Form)

    • Spain (By Product Form)

    • U.K. (By Product Form)

    • Rest of Europe (By Product Form)



  • Asia Pacific (By Product Form, Type, Distribution Channel, End-User, and by Country)

    • China (By Product Form)

    • India (By Product Form)

    • Japan (By Product Form)

    • Australia (By Product Form)

    • South Korea (By Product Form)

    • Rest of Asia Pacific (By Product Form)



  • South America (By Product Form, Type, Distribution Channel, End-User, and by Country)

    • Brazil (By Product Form)

    • Argentina (By Product Form)

    • Rest of South America (By Product Form)



  • Middle East and Africa (By Product Form, Type, Distribution Channel, End-User, and by Country)

    • South Africa (By Product Form)

    • UAE (By Product Form)

    • Saudi Arabia (By Product Form)

    • Rest of the Middle East and Africa (By Product Form)




Hand Sanitizer Market
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  • 2017-2019
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