Global Hand Sanitizer Market to 2024 - Growing Demand for Flavored & Organic Hand Sanitizers
DUBLIN, Nov 28, 2018 /PRNewswire/ --
The "Hand Sanitizer Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global hand sanitizer market is anticipated to generate revenues of approximately $3 billion by 2024, growing at a CAGR of more than 14% during 2018-2024.
The growing popularity of organic hand sanitizers, which are eco-friendly, skin-safe, and sustainable will revolutionize the global market over the next few years. The focus on continuous innovations in the formulations and dispenser designs such as touchless dispensers will help leading vendors gain a larger global market share. The global hand sanitizer market is driven by the adoption of a new formulation of products by manufacturers to provide an enhanced experience to consumers.
The increase in per capita income and the number of dual-income households that results in increased spending on consumer goods, visiting restaurants, and attending concerts, will drive the growth of the global market. The market research report provides in-depth market analysis and segmental analysis of the global hand sanitizer market by product type, end-user, distribution channel, and geography.
Market Dynamics
The increasing incidences of healthcare-associated infection or HAIs are boosting the demand in the global hand sanitizer market. These infections acquired by patients in hospitals when they receive healthcare treatment for medical or surgical conditions. The extensive use of various types of medical devices such as catheters or ventilators used during a procedure such as surgery is increasing the risk of infections among patients in the global market.
The use of online websites to provide home care tips using hand hygiene and their benefits to residential customers and commercial entities will drive the growth of the global market.
Currently, hand sanitizers are majorly sold through retail chains such as Target, Walmart, Best Buy, Tesco, various grocery and department stores; vendors are still focusing on online strategies to boost sales across the world market.The development and manufacturing of flavored and organic hand sanitizing products will revolutionize the global hand sanitizer market.
The leading vendors are investing in the development of varied variants of products with the aim to offer something unique to its consumers in the global market. The introduction of fragrances or scents for hand sanitizers will transform the market over the next few years.
Market Segmentation
This market research report includes a detailed segmentation of the market by product type, end-user type, distribution channel, and geography.The hand sanitizers market by product segmentis classified into gel-based, liquid, foam-based, hand wipes, and spray. Spray sanitizers are the fastest growing segment in the global market, at a CAGR of more than 16% during the forecast period. The sprays are aerosol and are extremely useful products used in various places in the global market. Gyms, fitness centers, yoga centers, and other health and wellness centers are the largest end-user of sprays in the global hand sanitizers market.
The end-user segment in the hand sanitizers market is divided into healthcare, hospitality, residential, corporate, government & military, and education. Healthcare segment dominated the largest market share in 2018, growing at a CAGR of around 15% during the forecast period. The rising awareness about contagious infections and the importance of maintaining hand hygiene amongst individuals is driving the growth of this segment in the global market.
The healthcare sector comprises places such as hospitals, nursing homes, clinics, physician's office, doctor's cabin, mobile ambulances, and others, which is driving the demand for hand sanitizers in the global market.
The global hand sanitizer market by distribution channel is categorized into online and retail. Retail segment dominated more than 2/3rd of the total market share in 2018. The retail distribution channel includes supermarkets and hypermarkets, departmental stores and discounters, other retail stores, and drug stores. The increasing number of self-service grocery stores which have a wide variety of products for consumers to use on a day to day basis is propelling the growth of this segment in the global market.
Market Geography
The geographical segment in the global hand sanitizer market is divided into APAC, Europe, North America, Latin America, and MEA. APAC is the fastest growing market, at a CAGR of over 15% during the forecast period. The exponential increase in retail sales and the growth of industries such as entertainment, broadcasting, hospitality, exhibition, healthcare, and restaurant is augmenting the growth of the APAC region in the global market.
China and Japan are the largest end-users in the APAC market.The increasing number of consumers taking extra precaution with infectious diseases is propelling the demand for these products in the North American region in the global market. The development of the economy is leading to improving employment opportunities, increasing disposable income, and rising purchasing power of end-users is propelling the growth of the hand sanitizers market in the North American region.
Key Vendor Analysis
The global hand sanitizer market is highly fragmented with the presence of various local and international players. The development activities across China and India is attracting various international players to the region. The leading manufacturers are using new business models and focusing on developing the portfolio of their establishments to drive growth. The increase in product or service extensions, technological innovations, and M&A activities will intensify the competition across the market.
The rising awareness of the benefits of hand hygiene and sanitization will encourage vendors to introduce new products in the global hand sanitizer market.
Key Topics Covered
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by End-user Type
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Market Overview
7.2 Macro Economic Factors Enabling Market Growth
7.2.1 Economic Development
7.2.2 Per Capita GDP in Developing Markets
7.2.3 Dual-income Households in Developed Markets
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rise in Number of Healthcare-associated Infections
8.1.2 Growing Focus on Marketing Efforts and Promotional Activities by Vendors
8.1.3 Growing Health Consciousness among Consumers
8.1.4 YOY Impact of Market Growth Enablers
8.1.5 YOY Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Increased Concerns over Toxicity in Hand Sanitizers
8.2.2 Political Turbulences in Key Markets
8.2.3 Increasing Labor Cost and Cost Trade-offs
8.2.4 YOY Impact of Market Growth Restraints
8.2.5 YOY Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Increasing Influence of Internet in Shaping End-users' Purchasing Behavior
8.3.2 Growing Demand for Flavored & Organic Hand Sanitizers
8.3.3 YOY Impact of Market Opportunities & Trends
8.3.4 YOY Impact of Market Opportunities & Trends on Regions
9 Value Chain Analysis
9.1 Value Chain overview
9.2 Value Chain Analysis
9.2.1 Material Suppliers
9.2.2 Manufacturers
9.2.3 Distributors
9.2.4 Retailers
9.2.5 Online Channels
9.2.6 End-users/Customers
10 Global Hand Sanitizer Market
10.1 market Overview
10.1.1 Historical Data 2016-2017
10.1.2 Market Size & Forecast 2018-2024
10.2 Porter's Five Forces Analysis
10.2.1 Threat of New Entrants
10.2.2 Bargaining Power of Suppliers
10.2.3 Bargaining Power of Buyers
10.2.4 Threat of Substitutes
10.2.5 Competitive Rivalry
11 By Product Type
11.1 Market Overview
11.2 Gel-based Hand Sanitizer
11.3 Liquid Hand Sanitizer
11.4 Foam-based Hand Sanitizer
11.5 Spray Hand Sanitizer
11.6 Hand Wipes Sanitizer
12 Market by End-Users
12.1 Market Overview
12.2 Healthcare
12.3 Hospitality
12.4 Residential
12.5 Corporate
12.6 Government & Military
12.7 Education
13 By Distribution Channel
13.1 Market Overview
14 Market by Geographical Segmentation
14.1 Market Overview
15 North America
15.1 Market Overview
15.2 Segmentation by Product type
15.3 Segmentation by End-user
15.4 Key Countries
15.5 Leading Trend, Enabler and Restraint
16 Europe
16.1 Market Overview
16.2 Segmentation by Product type
16.3 Segmentation by End-user
16.4 Key Countries
16.5 Leading Trend, Enabler and Restraint
17 APAC
17.1 Market Overview
17.2 Segmentation by Product type
17.3 Segmentation by End-user
17.4 Key Countries
17.5 Leading Trend, Enabler and Restraint
18 Latin America
18.1 Market overview
18.2 Segmentation by Product type
18.3 Segmentation by End-user
18.4 Key countries
18.5 Leading Trend, Enabler and Restraint
19 Middle-East & Africa
19.1 Market Overview
19.2 Segmentation by Product type
19.3 Segmentation by End-user
19.4 Key countries
19.5 Leading Trend, Enabler and Restraint
20 Competitive Landscape
20.1 Competition Overview
20.2 Market Structure and Mapping of Competition
20.3 Market Ranking Analysis
21 Key Company Profiles
21.1 3M
21.2 GOJO Industries
21.3 Procter & Gamble (P&G)
21.4 Reckitt Benckiser
21.5 Unilever
21.6 VI-JON
22 Other Prominent Vendors
22.1 Bath & Body Works Direct
22.2 Best Sanitizers
22.3 Bode Chemie
22.4 Chattem
22.5 Cleenol Group
22.6 DEB Group
22.7 Ecohydra
22.8 Ecolab
22.9 Henkel
22.1 Kimberley-Clark
22.11 Christeyns Food Hygiene
22.12 Kutol Products Company
22.13 Linkwell
22.14 Lion Corporation
22.15 Medline Industries
22.16 Safetec Of America
22.17 The Himalaya Drug Company
22.18 Vectair Systems
22.19 Whiteley Corporation
22.20 Zoono
23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendation
23.3 Qualitative Summary
23.4 Quantitative Summary
For more information about this report visit https://www.researchandmarkets.com/research/c8mr3p/global_hand?w=5
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