- August 2020 |
- Consumer Goods / Personal Care
Global Hand Hygiene Market Size, By Product Type (Soaps, Hand Wash, Hand Sanitizers, Lotion & Creams and others), By End-Use (Residential, Commercial – Educational Institutions, Hotels & Restaurants, Hospitals & Health Centers, Corporate Offices and others, Industrial), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores and others), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Market Competition Scenario & Outlook, 2020-2026
Global Hand Hygiene Market – Market Outlook & Trends
The Global Hand Hygiene Market was valued at USD 2.17 billion in 2019 and is expected to reach USD 9.03 billion by 2026, at a CAGR of 22.6 % during the projection period. The request for hand hygiene products is growing due to the rising consciousness for health and wellness amid customers. An increasing number of extremely transmittable diseases such as Ebola, H1N1 as well as COVID-19 and many others have further enhanced cautiousness and prompted them to use hand hygiene products. As handwash and sanitizers are effective and quick in killing germs and harmful bacteria, they are widely used by people in their daily lives. The producers of hand hygiene products are ramping up their production volumes to meet these demands across the globe. Besides, many distillers and brewers worlwide are also venturing into the manufacturing of hand hygiene products such as hand sanitizers and handwash to meet the exponential demand.
Global Hand Hygiene Market – Overview
The hand hygiene market is divided mainly into liquid hand wash and hand sanitizers. Liquid hand wash contains a mix of fragrance, water, triclosan, detergent, and moisturizers and, serves as a germ guard, keeping away from infections. In contrast, hand sanitizers include a high amount of alcohol and remove 99% germs after rubbing it on hands. The consumers frequently use the liquid hand wash after eating or before eating, preparing food, using the toilet, touching dusty things, etc. in their daily lives.
Rising health concerns and the mounting popularity of these products are anticipated to boost the overall hand hygiene market over the projection period. More and more players are now interested in entering this segment, indicating a substantial future expansion of the market. Manufacturers promote products by celebrity endorsements and awareness campaigns and numerous health-associated movements, ensuring consciousness among people about the essentials of proper hand-washing practices. Innovative packaging and distribution networks of liquid hand wash and hand sanitizer have given a fitting aid to the market. Besides, the variations of products such as herbal handwash are being introduced by producers to penetrate the Indian market, securing the upward movement of the market during the upcoming period.
Rising awareness towards...