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Report Snapshots
Alcohol Hand Sanitizer Market-Forecast & Opportunity, 2014-2027

Global Alcohol Hand Sanitizer Market Size By Type [Ethyl, Isopropyl],By Product [Foam, Gel, Spray, Others], By Distribution Channel [Departmental Store, Online Store, Pharmacy Store, Others], By End-user [Restaurants, Hospitals, Schools, Household, Others], By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027

Market Overview

Global Alcohol Hand Sanitizer Market is expected to grow with a rapid pace over the forecast period, 2020-2027 due to increasing health concerns. The recent pandemic of COVID -19 has caused worldwide supply shortages of Alcohol Hand Sanitizers due to sudden surge of demand by general public. As Alcohol Hand Sanitizers are seen as the best way to prevent infections, governments across the world are easing permissions to ramp up the production. The pandemic has increased the awareness of hygiene standards among consumers which is a major factor driving the growth of the market. The World Medical Association has asked governments to establish factories in major markets likeUS and European Unionto ensure adequate supply of critical drugs, vaccines and other medical essentials. The pandemic has significantly impacted the health care system, especially the supply chain of healthcare products. As whole world is depending on few countries like china for critical drugs and other necessities, the time has come to reshape the supply chain of health care products.   

Therefore, consumer's inclination towards health and awareness, spread of new dangerous viruses and diseases, improvement in the standard of living, rising awareness about hand hygiene are the key factors creating demand for the Alcohol Hand Sanitizer market globally.

Alcohol Hand Sanitizers are antiseptic solutions which are used as an alternative to soap and water. It is primarily used to prevent transmission of infection through hands. Alcohol Hand Sanitizers are highly effective in killing germs and microorganisms. The Alcohol Hand Sanitizersis composed of isopropyl or ethyl alcohol and hydrogen peroxide along with fragrances, water and glycerin.

Market Segmentation

Global Alcohol Hand Sanitizer Market can be segmented into Type, Product, Distribution Channel, End User, and Region. 

By Type, Global Alcohol Hand Sanitizer Market can be segmented intoethyl or isopropyl alcohol.

By Product, Global Alcohol Hand Sanitizer Market can be segmented into Foam, Gel, Spray, Others. The gel-based Alcohol Hand Sanitizer segment holds the largest market share as it is effective and takes less time to eradicate germs. Foam based Alcohol Hand Sanitizer segment is expected to grow significantly during the forecasted period of 2020-27 as it is more convenient to use than other types.  

By Distribution Channel, Global Alcohol Hand Sanitizer Market can be segmented into Departmental Store, Online Store, Pharmacy Store, Others. The Departmental store segment holds the largest market share owing to a large distribution chain and attractive discounts offered by vendors. The online segment is expected to grow significantly in the coming years due to increasing e-commerce websites and rapid internet penetration.

By End-user, Global Alcohol Hand Sanitizer Market can be segmented into Restaurants, Hospitals, Schools, Household, Others. The hospitals segment accounts for the largest market share as a large number of Alcohol Hand Sanitizers are used by Doctors, Patients and staffs in hospitals to prevent infections.

By Region, Global Alcohol Hand Sanitizer Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, North America Alcohol Hand Sanitizer Market dominates the global market due to the high hygienic standards of the population in the US.

Asia Pacific Alcohol Hand Sanitizer Market is expected to grow significantly during the forecasted period of 2020-27 due to increasing health and hygiene awareness among people. Moreover, improving per capita income and standards of living is expected to contribute to the growth of the Alcohol Hand Sanitizer Market in this region.  

Competitor Analysis

The key players in the global Alcohol Hand Sanitizer market are The Himalaya Drug Company, Reckitt Benckiser Group, Procter and Gamble, Henkel Corporation, Gojo Industry Inc., Unilever, Chattem Inc., Vi-Jon Laboratories Inc., Best Sanitizers Inc., and Kutol Products Company. 

 

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