Hand Sanitizer Market is anticipated to hit $1.9 billion by 2023 at a CAGR of 7.8%

Americas hold the largest market share in the Hand Sanitizer Market and is anticipated to reach $603.3 million by 2023 at a CAGR of 5.19%

HYDERABAD, TELANGANA, INDIA, August 21, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “Hand Sanitizer Market: By Product Type (Foam based, Gel based, Liquid, Wipes, Sprays); By Solution (Alcohol, Triclosan, Quaternary Ammonium Compounds, Silver/iodine); By End user industry (Healthcare, Educational Institution, Domestic/household, Corporate offices, Restaurants and others); By Sales Channel (Online and Offline) & Geography Analysis & Forecast - (2018-2023)”, the market is driven by the prevalent media coverage about disease outbreaks, and also by public awareness campaigns along with large endorsements by global health institutions such as WHO (World Health Organization) that plays a significant role in promoting hand sanitizer products worldwide.

Americas held the largest market share in the Hand Sanitizer Market:

Americas hold the largest market share in the Hand Sanitizer Market and is anticipated to reach $603.3 million by 2023 at a CAGR of 5.19%. However, Asia-Pacific is projected to witness the highest growth rate and is anticipated to reach $627.2 million by 2023 at a CAGR of 12.6%. Increased awareness and adoption, especially in emerging economies, and continuous product and package innovation by the market players, are the major growth factors that propel the growth of Hand Sanitizer Market globally. The key applications include healthcare, educational institutions, corporate offices, restaurants, and public organizations among others.

Selected Value Chain Analysis:

Value chain for hand sanitizers has been established as an interdependent and complex network, comprising of raw material providers, product providers, contract manufacturing firms, health institutes and distributors.
Top players follow a decentralized approach in production, having their manufacturing presence in strategically important, yet low cost countries in each region and serve the end users through local distribution networks. This scenario also boosts the international trade of finished products.
Regulatory bodies approve active compounds, products, product extensions, package designs through thorough analysis of their chemical and physical properties related to the safety and environmental impact while in use. In addition, they also establish and maintain regulations that provide guidelines for manufacturing, storage and distribution of raw materials and finished products. Regulations are set to tighten in the coming years, especially related to the toxicity of the materials.

Collaborative research involving various stakeholders including health institutes is needed, which boosts innovation according to the disease outbreaks, and also the authenticity of the products.
Promotional activities play an important role in boosting the sales of the products. In addition, increasing incidents as well as awareness about flus and contagious diseases also impact the sales trend.
Market players also develop and sell dispensing systems in order to create longer and stronger brand image, while providing the convenience of dispensation.
As packaging designs have become an important factor of differentiation, the innovation of bottles and tubes is set to intensify in the coming years.

To access / purchase the full report browse the link below:
https://industryarc.com/Report/15570/hand-sanitizer-market.html

Excerpts on Market Growth Factors:

The market for Hand Sanitizers is driven by the growing number of infection cases acquired from hospitals. Advances in product preparations such as adding scents, are offering a new opportunity in the global hand sanitizer market.
Highly recommended use of hand purifiers, owing to their effectiveness in killing germs and microorganisms, is projected to drive the sale of hand sanitizing products in the market.
Gels are the widely used form of hand sanitizers globally, and is estimated to reach $1 billion by 2023 at a CAGR of 7.9%.
North America will record the highest growth in population over 65 years of age by 2030, while the number of elderly people in Europe will grow to 29% of its total population by 2050. This will also lead to an increase in dependency of this older generation on elder care facilities, where hand sanitizer market faces increased penetration.

According to WHO, the number of people who die from chronic diseases is set to rise from 40.4% of total deaths in 1990 to 66.7% of all deaths by 2020. The increasing risk of hospital acquired infections and surgical risks due to the rise in chronic diseases has led to the growing focus on reducing the impact of these problems. This has led to increased use of hand sanitizers in order to reduce the impact in hospitals.
Use of hand sanitizers to reduce water usage has been a driver for adoption by an increasingly environmentally aware populace. The rising awareness regarding the health benefits of hand hygiene of these sanitizers has also positively impacted the market.

Talk to one of our sales representative about the full report by providing your details in the below link:
https://industryarc.com/support.php?id=15570

Key players of Hand Sanitizers Market:

Key companies in hand sanitizers market held major part of the total market share. These companies include Gojo Industries Inc.(U.S.), Proctor & Gamble (U.S.), Unilever (U.K.) and Reckitt Benckiser Plc (U.K.).
Reckitt Benckiser held the major market share for hand sanitizer globally. P&G was the second most dominating company, followed by Gojo Industries Inc.
Global hand sanitizer market is fragmented, with multiple regional level players as well as private label brands.

Other key players in the market are Chattem, 3M Company, Best Sanitizers Inc., The Dial Corporation, Nice Pak Products Inc. Skin Visible Inc. and others. These players held a Lion’s share of the hand sanitizers market.
Many local players tend to offer low priced products in order to mark their presence and compete with the international players.
Key players such as GOJO Industries, Inc, Reckitt Benckiser, Chattem, P&G and Unilever are launching new products, partnering with organizations to spread awareness regarding hand care, and thus, adding to the market share and driving the market. Apparently, Gojo hand sanitizers are much popular to their credit.

Hand Sanitizer Market Report is segmented as indicated below.
A. Hand sanitizer Market – By Product Type
1. Foam based
2. Gel based
3. Liquid
4. Wipes
5. Sprays
6. Others

B. Hand sanitizer Market – By Solution
1. Alcohol Based
2. Quaternary Ammonium Compounds Based
3. Triclosan Based
4. Silver/iodine Based
5. Others
C. Hand sanitizer Market – By End user industry
1. Domestic/household
2. Healthcare
3. Educational Institution
4. Corporate offices
5. Restaurants
6. Public organizations
7. Others

D. Hand Sanitizer Market – By sales channel
1. Online sales
2. Offline/Retail sales
2.1. Super markets
2.2. Pharmacies
2.3. Grocery stores
2.4. Specialty Stores
E. Hand Sanitizer Market – By Geography (Covers 9+ Countries)
F. Hand Sanitizer Market By Entropy

Companies Cited/Referenced/Interviewed:
1. Henkel AG & Company, KGAA
2. Medline Industries
3. Kutol Products Company
4. Nice-Pak Products, Inc.
5. Lion Corporation
6. Shanghai Likang Disinfectant Hi-Tech Co; Ltd
7. Company 7
8. Company 8
9. Company 9
10. Company 10+

Related Reports:

A. Cleaning Chemicals in Healthcare
https://industryarc.com/Report/249/Cleaning-Chemicals-healthcare-market-report.html

B. Electric Toothbrush Market
https://industryarc.com/Report/17992/electric-toothbrush-market.html

What can you expect from the report?
The Hand Sanitizers Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC publish country, geography or application based reports in Hand Sanitizer Market?
Response: Yes, we do have separate reports as mentioned below:

1. Americas Market for Hand Sanitizers (2018-2023)
2. Europe Market for Hand Sanitizers (2018-2023)
3. Asia-Pacific Market for Hand Sanitizers (2018-2023)
4. RoW Market for Hand Sanitizers (2018-2023)
5. Foam Based Market for Hand Sanitizers (2018-2023)
6. Gel Based Market for Hand Sanitizers (2018-2023)
7. Liquid Market for Hand Sanitizers (2018-2023)
8. Wipes Market for Hand Sanitizers (2018-2023)
9. Domestic/household Market for Hand Sanitizers (2018-2023)
10. Healthcare Market for Hand Sanitizers (2018-2023)
11. Educational Institutions Market for Hand Sanitizers (2018-2023)
12. Corporate Offices Market for Hand Sanitizers (2018-2023)
13. Restaurants Market for Hand Sanitizers (2018-2023)
14. Public Organizations Market for Hand Sanitizers (2018-2023)
15. Alcohol Based Market for Hand Sanitizers (2018-2023)
16. Quaternary Ammonium Compounds Based Market for Hand Sanitizers (2018-2023)
17. Triclosan Based Market for Hand Sanitizers (2018-2023)

Q. Does IndustryARC customize these reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

To request for a proposal, provide your details in the below link:
https://industryarc.com/subscription.php

Media Contact:

Mr. Venkat Reddy
Sales Manager
Email: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Venkat Reddy
IndustryARC
+1-614-588-8538 (Ext-101)
email us here