Skip to main content

New Future Market Insights Report Explores Impact of COVID-19 Outbreak on Hand Sanitizer Market

Hand sanitizer sales have skyrocketed around the globe to unprecedented highs, and demand is likely to sustain even after a COVID-19 vaccine is available, according to a study by Future Market Insights.
According to the latest study, global hand sanitizer sales are likely to grow at over 7% CAGR through 2030. This is a revised forecast, adjusted for the massive spike hand sanitizers have witnessed since the onset of COVID-19.
"For the next one year, hand sanitizer demand will outstrip supply; however, there is a high likelihood that hand sanitizers will be as ubiquitous as toothpaste or say facewash – even after a vaccine is available," says FMI's report.
Key Takeaways from FMI's Hand Sanitizer Market Study
  • Hand sanitizer market poised to reach USD 2.8 billion by 2030
  • US and EU5 will witness high sales of branded hand sanitizers; APAC and Latin America witnessing foray of local players
  • Instant hand sanitizers are being sought-after due to on-the-go use
  • Portable hand sanitizer demand growing in many countries
  • Alcohol companies are diverting their production capacities to meet growing hand sanitizer demand
Although hand sanitizer market players are in the midst of heightened demand, the foray of unregulated players has led to widespread fragmentation. US FDA's announcement to declare nine hand sanitizer brands as 'toxic' is indicative of the widespread chaos in the marketplace.
Download Sample copy with Table of Contentshttps://www.futuremarketinsights.com/reports/sample/rep-gb-707
"The hand sanitizer industry has witnessed a foray of thousands of player in a short span of 3-4 months. Many of the products available in low-income countries are catering to local demand. However, many products are of dubious quality and use ingredients banned or termed 'dangerous' in many countries," says FMI.
Hand Sanitizer Market: Region-wise Analysis
  • US hand sanitizer market is currently witnessing supply-demand challenges, but over long run, foray of new companies will address this
  • EU5 a more lucrative market as per 100 ml price significantly higher than Eastern Europe
  • Demand in China and India met by foray of new players; consumers buying these as a compulsion and not a choice
  • Middle East market looking at the import route, but domestic production also likely to go up
Hand Sanitizer Market: Competitive Landscape
The hand sanitizer marketplace was moderately fragmented before COVID-19 pandemic; however, since March 2020, an unprecedented demand has led to the foray of new players.
The number of players currently operating in the market is directly related to the relative strength of regulatory body. In the US, Canada, Australia, New Zealand, and Western Europe, the foray of local players is limited.
In APAC, Latin America, and parts of Africa, many new hand sanitizer companies have sprung up. Although these companies are helping meet demand in the absence of supply from known brands, ingredient quality remains a concern.
For Information On The Research Approach Used In The Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-707
Hand Sanitizer Market Taxonomy
Product
  • Foaming Hand Sanitizers
  • Foaming Instant Hand Sanitizer
  • Instant Hand Sanitizer Gel
  • Spray Hand Sanitizer
Content
  • Alcohol Based
  • Up to 60% content
  • Above 60% content
  • Non-Alcohol Based
Active Ingredient
  • Ethanol or Ethyl Alcohol
  • Benzalkonium Chloride
  • Isopropyl
Packaging Type
  • Flip-flop bottles
  • Pump Bottles
  • Dispensing Packets
  • Jars/Cans
End-use
  • Hospitals & Healthcare
  • Offices/Commercial
  • Foodservice
  • Food Processing
  • Schools & Universities
  • Manufacturing & Industrial
  • Hospitality
  • Grocery, Convenience Store & Retail
Pack Size
  • Below 100 ml
  • 101ml-300 ml
  • 301 ml- 500 ml
  • 501 m l & above
Sales Channel
  • Direct
  • Indirect
Region and Country
North America
  • U.S.
  • Canada
Latin America
  • Mexico
  • Brazil
  • Peru
  • Argentina
  • Rest of Latin America
Europe
  • EU-4
  • UK
  • BENELUX
  • Nordic
  • Russia
  • Rest of Europe
Asia (excluding Japan)
  • China
  • India
  • ASEAN Countries
  • South Korea
Middle East & Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Northern Africa
  • Rest of MEA
Oceania
  • Australia
  • New Zealand
Japan
Get Valuable Insights into Hand Sanitizer Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global hand sanitizer market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030.

Comments

Popular posts from this blog

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...

Dural Graft Market Future Trends, Industry Size and Forecast to 2032

 The Dural Graft market is a dynamic and vital sector within the medical device industry, contributing significantly to the advancement of neurosurgery and the treatment of various neurological conditions. Dural grafts, also known as dural substitutes or patches, are crucial in repairing and reinforcing the dura mater, the protective membrane surrounding the brain and spinal cord. As of 2033, this market is experiencing substantial growth due to an increased demand for neurosurgical procedures and a surge in innovative technologies and materials. One of the key drivers of the Dural Graft market's growth is the rising incidence of neurological disorders and traumatic brain injuries. With an aging population and a greater understanding of neurological conditions, more individuals require neurosurgical interventions, driving up the demand for dural grafts. These grafts are instrumental in providing structural support and sealing cerebrospinal fluid leaks after surgerie...