Hand Sanitizer Market to Reach Valuation of USD 10.5 Billion by 2030 – Increasing Focus on Personal Hygiene and the Need for Effective Sanitization Drives the Market

In terms of revenue, the Global Hand Sanitizer Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6.9% from 2023 to 2030.

The global Hand Sanitizer market has grown greatly due to the increased need for personal hygiene and sanitation practices. Hand Sanitizer help disinfect and kill the most common harmful pathogens on the hands. They have become key items in households, healthcare facilities, and public places to prevent spreading infections.

One of the key aspects propelling the Hand Sanitizer market is the rise in awareness among the general population base regarding the importance of hand hygiene. With the rising number of contagious diseases, people have become more conscious about maintaining cleanliness and adopting preventive health measures. Therefore, the need for Hand Sanitizer has skyrocketed, contributing to the market's growth. 

Key Highlights from the Report

• Based on the Product segmentation, the Gel-based segment leads the Hand Sanitizer market in 2022 as gel-based sanitizers offer better coverage and protection for the hands, resulting in improved health and hygiene for consumers.
• Furthermore, based on the segmentation of Distribution Channel, the Hypermarket & Supermarket segment have a strong foothold in the worldwide market becasue of their ability to offer a diverse selection of hand-cleansing products from numerous brands in one convenient location. Additionally, these stores offer discounts and promotions for buying in large quantities.
• Finally, based on Region, Europe holds a significant market share within the global market in 2022 owing to supportive actions and funding from domestic regulatory bodies, which aim to help local Hand Sanitizer manufacturers meet the rising consumer demand. 

Market Dynamics

The Hand Sanitizer market is driven by the convenience factor it offers. Hand Sanitizer are compact, easy to carry, and provide instant disinfection without water and soap. They are beneficial when handwashing facilities are not easily accessible, such as during travel or outdoor activities. The convenience factor has made Hand Sanitizer a popular choice among consumers, accounting for significant industry growth. In addition, the COVID-19 pandemic accelerated the demand for Hand Sanitizer. The outbreak of such a highly infectious disease has compelled individuals to maintain proper hand hygiene to prevent the transmission of the virus.

Governments and healthcare organizations all over the globe have emphasized the use of Hand Sanitizer as an effective measure to potentially lessen the risk of infection. This has created a surge in the demand for Hand Sanitizer, and manufacturers are striving to meet the increasing market needs. Moreover, the Hand Sanitizer market is highly competitive, with numerous players operating in the industry. These players offer a wide range of Hand Sanitizer in various forms, such as gels, foams, sprays, and wipes, targeting different consumer needs.

The Hand Sanitizer market in Europe is anticipated to exceed most of the market share during the forecast period. The domestic regulatory bodies in Europe are providing favorable initiatives and funds to support local Hand Sanitizer manufacturers to meet the growing consumer demand. This is about the rise in occurence of infectious diseases in the region. Moreover, the United Kingdom is the leading player in the Europe Hand Sanitizer market owing to its customer base's high inclination to spend money on personal care and hygiene products. 

The Global Hand Sanitizer Market is Segmented as follows

• Product
  • Gel
  • Foam
  • Liquid
  • Other Products
• Distribution Channel
  • Hypermarket & Supermarket
  • Drugstore
  • Online
  • Other Channels
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Hand Sanitizer Market is

Reckitt Benckiser Group PLC (UK), Procter and Gamble (U.S.), The Himalaya Drug Company (India), GOJO Industries Inc. (U.S.), Henkel AG and Company (Germany), Unilever PLC (UK), Vi-Jon LLC (U.S.), Chattem Inc. (U.S.), Best Sanitizers Inc. (U.S.), Kutol Products Company Inc. (U.S.) 

The Global Hand Sanitizer Market Scope can be Tabulated as below