Press release
Hand Sanitizer Market New Technology Outlook to 2027 | Unilever, The Himalaya Drug Company, Ecolab, 3M, Godrej Industries
The global hand sanitizer market was valued at US$ 2,421.1 million in 2018 and is projected to be worth US$ 39,223.1 million by 2027, growing at a CAGR of 40.0% during the forecast period.Hand sanitizer is a liquid that is used to decrease infectious agents present on the hands and palm. Different forms of hand sanitizers are available in the market, including foam sanitizers, gel sanitizers, wipes, and spray sanitizers. Hand sanitizers are extensively used by the hospitals, restaurants, educational institutions, household, shopping malls, movie theatres, among others. The growing concerns related to public health and safety has raised the demand for hand sanitizer among these users. Thus, the expansion of above mentioned end-use industries is expected to provide new opportunities for hand sanitizer market.
Top Companies Covered in this Report:
1. Henkel AG & Company, KGAA
2. Unilever
3. The Himalaya Drug Company
4. Ecolab
5. 3M
6. Godrej Industries Limited
7. GOJO Industries
8. Reckitt Benckiser Group Plc
9. Procter & Gamble
10. S.C. Johnson & Son
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Based on the type, hand sanitizer market is categorized into alcoholic, quaternary ammonia, and triclosan. In 2018, alcoholic hand sanitizer segment led the hand sanitizer market and is expected to continue its dominance during the forecast period. Alcohol-based hand sanitizers typically contain some combination of isopropyl alcohol, ethanol (ethyl alcohol), or n-propanol. Products that contain from 60% to 95% alcohol are most effective.
The alcohol-based hand sanitizer is on the list of the World Health Organization's Essential Medicines, as the safest and most effective medicines needed to protect health from germs. Alcoholic hand sanitizer works against a variety of microorganisms. Some products contain compounds such as glycerol to prevent drying of the skin. Alcohol-based hand sanitizer is more convenient as compared to hand washing with soap and water in most situations such as healthcare setting. Antimicrobial properties of these sanitizers has driven the demand for product during the forecast period.
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North America has accounted the major share of hand sanitizer market in 2018. Hand sanitizer is a foam, gel, or liquid-based antiseptic solution which is utilized as a choice to cleanser and water. It helps in anticipation of the transmission of contamination that is basically caused through hand transmission, which thus prompts different sicknesses, for example, nosocomial food-borne disease and other infectious diseases.
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Sameer Joshi
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Pune
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