In 2019 this segment constituted almost 86 of the hand sanitizer market share in terms of revenue. The demand for hand hygiene products has been exceeding the supply in both online as well as brick and mortar sale channels worldwide owing to the global outbreak of the virus in a short time span.
Hand Sanitisers Amid Covid 19 A Critical Review Of Alcohol Based Products On The Market And Formulation Approaches To Respond To Increasing Demand Sciencedirect
Demand for hand sanitizers spiked 1400 from December to January according to market researchers at Adobe Analytics and a supplier to smaller manufacturers of hand sanitizers.
Hand sanitizer demand. Hand Sanitizers are antiseptic solutions which are used as an alternative to soap and water. Hand sanitizers are highly effective in killing germs and microorganisms. The market demand for such sanitizers is driven by their ability to prevent infections and kill.
The dangerous fallout from sanitizer demand Hand sanitizers exploded in popularity a year ago as people rushed to protect themselves from coronavirus. The important drivers increasing growth in the global hand sanitizer market are surging healthcare-associated infections and growing demand for hand sanitizers. Making Hand Sanitizers Available to Americans FDA plays a critical role in protecting the United States from emerging infectious diseases such as the Coronavirus Disease 2019 COVID-19 pandemic.
The demand of hand sanitizers increases due to periodic outbreak of Avian flu Swine flu and SARS. Gel-based hand sanitizers are cost-effective and convenient to use. Wide product availability and easy access are propelling the segment growth.
It is easy and handy to use and efficient for hand hygienean important part of personal hygiene and available in the market in the form of form gels and oils. Furthermore increase in awareness about hand hygiene and support from organization such as WHO and FDA towards need for sanitization fuel the growth of the overall hand sanitizer industry. The active component in the hand sanitizers is alcohol.
Hand sanitizers are chemicals used mostly as a substitute for soap and water primarily for disinfecting hands thereby preventing the spread of various infections and diseases. Hand sanitizers use either ethanol or isopropyl alcohol as the primary ingredient and both are becoming increasingly hard to obtain. 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.
Improved living standards and customer inclination towards health wellness are expected to propel the demand for hand sanitizers during the forecasted period. Demand for hand sanitizer is surging around the globe as the new coronavirus spreads prompting retailers to ration supplies and online vendors to hike prices. Hand sanitizer is a solvent used to sanitize hands and minimize the presence of infectious agents on the hands.
Demand for alcohol-based hand sanitizers is at a high peak as they are more effective for germs protection The Alcohol-based Sanitizer Market was USD 82807 million in 2019 and accounted for around 64 of the Hand Sanitizer Market. Gojo industries CEO on meeting the demand surge for hand sanitizers Purell the inventor of hand sanitizer is expecting that demand for the cleansing product will remain elevated from. Hand sanitizer and cleaning products are in extremely high demand around the world due to the COVID-19 pandemic and that means the need for key components such as isopropyl alcohol is also reaching new heights.
The UK hand sanitizer market witnessed a demand increase of more than 250 as of February 2020. The global hand sanitizer market is expected to grow from USD 12 billion in 2019 to USD 214 billion by 2027 at a CARG of 75 during the forecast period 2019-2027. The hand sanitizer market in US witnessed a whopping increase in demand of 1380 from December 2019 to January 2020.
Additionally inclusion of different fragrance and moisturisers to attract customers will fuel the segment demand. Goldstein Market Intelligence analyst forecast the hand sanitizer market size is set to grow at a CAGR of 1170 over the forecast period of 2017-2030. It is primarily used to prevent transmission of infection through hands.
In addition the recent COVID-19 pandemic at the beginning of 2020 has spurred the market for hand sanitizer. The gel-based hand sanitizer market size was around USD 560 million in 2019. The Italy hand sanitizer market witnessed a year-over-year increase in demand of more than 1800 as of February 2020.
