A Hand sanitizer is a type of disinfectant product that contains alcohol and other chemicals and is used in order to kill the disease-causing bacteria on the hands of the individuals. It is available in liquid, gel, or foam forms.
According to the report, the India Hand Sanitizer Market is projected to increase at a healthy CAGR over the forecast period 2019-2025.
The importance of using hand sanitizers and the increasing involvement and the Government of India, to introduce norms, which is causing the hand sanitizer sales to flow at a turbulent pace
There has been an increase in the number of cases in India of bacterial disease due to the unhygienic habits of some individuals and lack of awareness in regards to properly and effectively wash their hands before consuming something when they in public places and not at home. Moreover, the increase in the number of cases in India due to the devastating effect of COVID-19, a pandemic that started out in a meat market in China. This has led to the WHO impose strict guidelines on the use of hand sanitizer and other disinfectants effectively and strictly to avoid the infection. Moreover, the Ministry of Health and Welfare (MoWH), has laid down measures to include the hand sanitizers n essential products. Therefore, these factors are increasingly boosting the demand or hand sanitizers and proving a platform for the market growth.
Increasing spending on healthcare in order to increase the accessibility of healthcare
The Coronavirus disease and other bacterial diseases pose a risk to the humans and individuals belonging to both rural and urban class, the government has increased the amount of spending on healthcare facilities and healthcare products in order to make healthcare easily accessible and available to both rural and middle class at decent and affordable rates. Therefore, these factors are boosting the demand for essential products such as hand sanitizers in India and augmenting the market growth over the forecast period.
Increasing penetration of the internet and e-retail channels is causing an increase in its usage and encouraging individuals to purchase medical products online
The growing penetration of internet services has resulted in a surge in the popularity of the e-retail and e-commerce channels. In addition, the imposition of the lockdown by the Indian government in order to curb the rate in the spread of COVID-19 infections. The number of individuals that use inline shopping channels has increased to purchase essential products such as disinfectants and hand sanitizers among others in order to protect themselves from being infected. This is attributable to the fact that online purchasing provides the individuals with an increased sense of convenience and saves time coupled with lucrative discounts. Thus, boosting the hand sanitizer market growth.
The major players covered as part of the report are 3M, The Himalaya Drug Company, Unilever Plc., ITC Limited, Dabur, and Godrej among others.
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This report has segmented the Hand Sanitizer marketon the basis following terms
By Distribution Channel