In a recent published report, Kenneth Research has updated the market report for Hand Sanitizer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hand Sanitizer Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Hand Sanitizer Market was valued at USD 1.1 Billion in the year 2017. Global Hand Sanitizer Market is further estimated to grow at a CAGR of 9.73 from 2019 to reach USD 21.39 Billion by the year 2025. The North America region holds the highest Market share of 8.7% in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period growing at 12%. At the country level, U.S. is projected to grow strongly in the coming years due to the high rate of population and increased investment by R&D.
Major market players in Hand Sanitizer Market are Reckitt Benkiser Group, The Himalaya Drug Company, Procter & Gamble, Gojo Industries, Henkel AG and Co. KGaA, Unilever, Vi-Jon, Chattem Inc., Best Sanitizers Inc., Kutol, and brief overview of 10 companies is provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Hand Sanitizer Market:
Strength:
Product innovation. For e.g. addition of fragrances.
Support from organizations such as WHO, FDA.
Weakness:
Health hazards
Opportunities:
Growing application base. E.g. supermarkets, offices
Threats:
Intense competition among the producers.
Alcohol content
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The Global Hand Sanitizer Market is segmented as By Product, Distribution Channel, End Use and Region. The Product segment is divided into gel, foam, spray and others in which gel hand sanitizers, contributes to the highest Market share. The Distribution Channel is divided as an online store, departmental store, pharmacy store and others in which departmental Stores segment have the highest share in the Market as a result of changing lifestyle and inclination towards health hygiene.
Hand Sanitizer Market Segmentation:
By Distribution Channel
• Online store
• Departmental store
• Pharmacy store
• Others
By Product
• Gel
• Foam
• Spray
• Others
By End Use
• Restaurants
• Schools
• Hospitals
• Household purpose
• Others
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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Table of Content
1. Introduction
1.1 Industry Vision
1.1.1 Industry Definition
1.1.2 Industry Scope
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Hand sanitizer Industry report, By Product
6.1 Gel
6.2 Foam
6.3 Spray
6.4 Others
7. Hand sanitizer Industry report, By Distribution Channel
7.1 Online store
7.2 Departmental store
7.3 Pharmacy store
7.4 Others
8. Hand sanitizer Industry report, By End Use
8.1 Restaurants
8.2 Schools
8.3 Hospitals
8.4 Household purpose
8.5 Others
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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