Reports and Insights freshly added a report titled “Alcohol Hand Sanitizer Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Alcohol Hand Sanitizer Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The alcohol hand sanitizer market is estimated to reach at a value of US$ 6.5 Bn by the end of 2022 and expected to reach at a value of US$ 11.0 Bn by 2030 with a significant CAGR of 6.9%.
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Alcohol Hand Sanitizer Introduction
A hand sanitizer can be comprehended as an antiseptic or sterilized solution, which serves its utility as a substitute to water and soap. Hand sanitizer performs its function by preventing the transfer of infection, which may be caused via hand transmission, consequently inducing various different illnesses, for instance, nosocomial food-borne diseases and others.
Notably, the most typically utilized alcohol-based hand sanitizers contain isopropyl alcohol or a form of distorted ethanol, generally at approximately 70% concentration. The sanitizers are usually applied to either bare skin or to gloved hands.
Alcohol Hand Sanitizer Market Dynamics
The sudden outbreak of Covid-19 global crisis has dramatically elevated the demand of alcohol-based hand sanitizers across the global markets. In the present times, this global pandemic is likely to drift for a couple of years in the near future, which is expected to positively fuel the growth of the global alcohol hand sanitizer market in the forecast period.
In addition to that, people all around the world have also adopted a hygienic lifestyle over the course of Covid-19 epidemic which is constantly boosting the demand of hand sanitizers all across the global markets worldwide. Owing to which, the global alcohol hand sanitizer market is projected to grow significantly in the years to come.
Moreover, the supply chain and distribution channel of hand sanitizers market has also smoothened and diversified massively in the past couple of years owing to global pandemic and enormous demand in the global markets. Hand sanitizers were initially sold through departmental stores, supermarkets and hypermarkets, drug stores, and retail across the world. Although, at present, they are also accessible to end-users via online direct-to-consumer stores and e-commerce portals.
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Alcohol Hand Sanitizer Market Segmentation
The global alcohol hand sanitizer market is segmented on the basis of type, application, and region.
By Type
Gel-based
Foam-based
Liquid-based
Hand Wipes
Spray
By Application
Hypermarket & Supermarket
Drug Store
Specialty Store
Online
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Alcohol Hand Sanitizer Market Key Players
The key participating players of the global Alcohol Hand Sanitizer market include Reckitt Benckiser Group plc, Procter and Gamble, The Himalaya Drug Company, GOJO Industries, Inc., Henkel AG and Company, Unilever, Vi-Jon, Chattem, Inc., Best Sanitizers, Inc., and Kutol, among several others.
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