According to reliable sources, it is estimated that the global hand sanitizer market is expected to reach a quotation of USD 17.2 billion by the year 2026. This growth pertains to increasing awareness of personal hygiene in relation to the rising prevalence of COVID-19.
World Health Organization recommends sanitization practices in residential, commercial, industrial areas in order to control and prevent the spread of coronavirus. These health standards from WHO has increased the demand for hand sanitizers globally, increasing the industry earnings.
The rising use of hand rubs in households, departmental stores, supermarkets, industrial sector and hospitals is invigorating the industry outlook. Public and private businesses are developing sprinkler-based sanitization solutions in order to curb the transmission of coronavirus. This in turn adds to the global hand sanitizer market growth.
A high conversion rate of staff and patients into consumers has increased demand and shares from hospital pharmacies and they are expected to see considerable growth during the forecast period.
A great deal of Covid-19 cases has forced various companies to focus on expanding their production capacities. This in turn is positively affecting the business dynamics in North America as it is anticipated to hold a substantial market share in the coming years.
Global Hand Sanitizer Market Share by Product Type (Revenue, USD Million, 2017 – 2026)
Global Hand Sanitizer Market Growth by Distribution Channel (Revenue, USD Million, 2017 – 2026)
- Retail Suppliers
- Hospital Pharmacies