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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Hand Sanitizer Market Size
The global hand sanitiser market size reached a value of USD 6.05 billion in 2023. The market is expected to grow at a CAGR of 5.20% during the forecast period of 2024-2032, to reach a value of around USD 7.4 billion by 2032.
The rising prevalence of numerous gastrointestinal, respiratory, and skin illnesses among the general population is contributing to the hand Sanitizer market growth. By limiting the spread of dangerous bacteria and viruses on the skin or palms of the hands, alcohol-based hand sanitisers can lower the incidence of stomach infections, diarrhoea, nausea, and vomiting.
The use of hand sanitisers increased during the COVID-19 pandemic in order to reduce the virus load in public places, on public transit, in hospitals, nursing homes, and even in regular households, increasing the hand sanitizer market share. The United States Food and Drug Administration (FDA) recommended using active chemicals such ethyl alcohol used to make sanitisers that can protect against COVID-19 viruses, which was claimed to be effective against the SARS CoV-2 virus. As per the hand sanitiser market research, natural components like aloe vera are being added by manufacturers to their products to prevent roughness of skin that alcohol-based hand sanitizer can lead to.
Hand sanitiser is an antibacterial liquid, foam, or gel that is used to stop the infectious microorganisms or other harmful bacteria from spreading. Hand sanitizers that are alcohol-based are usually more efficient in removing microorganisms. The hand sanitizer is used to treat soap and water-resistant microorganisms. Another sort of sanitiser is alcohol-free hand sanitisers. These sustain skin oils and retain moisture.
Hand Sanitizer Market Report Snapshots
Hand Sanitizer Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global hand sanitiser market attained a value of USD 6.05 billion in 2023.
The market is projected to grow at a CAGR of 5.20% during the historical period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 7.4 billion by 2032.
The major drivers of the market, such as the rising disposable incomes, increasing population, increasing hygiene awareness, and rising demand from the developing regions, are expected to aid the market growth.
The key market trend guiding the growth of the hand sanitiser market includes the panic purchase of hand sanitiser due to COVID-19 outbreak in 2020.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Gel, foam, and spray, among others, are the leading product segments in the market.
Online stores, departmental stores, and pharmacy stores, among others, are the major distribution channels of the product in the market.
Restaurants, schools, hospitals, and household purpose, among others, are the significant end use sectors of the product in the market.
The major players in the market are Himalaya Global Holdings Ltd., Proctor and Gamble Company, Gojo Industries, Inc., Henkel AG and Co. KGaA, Unilever PLC, 3M Company, Reckitt Benckiser Group PLC, Colgate-Palmolive Company, Sanofi S.A., and The Clorox Company, among others.
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