Hand Sanitizer Market estimated to grow at a CAGR 11.68% to reach US$2,548.984 million by 2025, from US$1,313.756 million in 2019
Knowledge Sourcing Intelligence announces the publication of a new report on “Hand Sanitizer Market – Forecasts from 2020 to 2025" to their offering.
A Hand sanitizer is used to decrease the risk that is posed by infections as it is able to effectively able to kill the diseases carrying bacteria and is available in gel, liquid or foam forms. They have alcohol content present in them differs.
According to the report, the Hand Sanitizer Market is projected to increase at a CAGR of 11.68% over the forecast period 2019-2025.
The growing demand due to the COVID-19 pandemic and increasing efforts by the governments, and organizations.
The COVID-19 pandemic, which started from a meat market in Wuhan, China has spread throughout the world, racked up many reported cases, and led to an increased number of deaths drastically in major countries, thus pushing the governments and other organizations to take faster and strict actions. For example, the World Health Organization (WHO), to make the usage of hand sanitizers among other products necessary for cutting the chances of contracting the dangerous and life-threatening virus. This has led to a major outcry from many industries an workers and the demand for hand sanitizers has skyrocketed, leaving the medical stores and pharmacies in a dearth of hand sanitizers, to effectively cater to the shooting demand, which is also pushing the market growth at a significant pace.
Increasing investments in order to accelerate the development of healthcare facilities
There are increasing influx of investments in the healthcare industry in order to enhance the face of the healthcare settings and healthcare facilities so as to develop the healthcare industry of the countries globally and mini eth risk of series diseases by following simple and effective measures that are required for proper sanitization and proper disinfection. This is also encouraging the newer players to launch new and enhanced products and enter the market in order to improve their market position and contribute to the market growth.
The growing use of online distribution channel to order medicines and other pharmaceuticals
The increasing number of individuals are preferring to order the sanitizers from online channels, such as e-pharmacies and e-commerce platforms due to the easy availability of a wide variety of products at lucrative discounts, and the convenience online ordering provides. In addition, the online segment is further boosting the market growth and increasing its share owing to the COVID-19 pandemic, which has led to a lot of pharmacies being out of stock.
The major players covered as part of the report are Reckitt Benckiser Group, The Himalaya Drug Company, Unilever Plc., ITC Limited, Godrej, and Henkel AG & Company among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/hand-sanitizer-market
This report has segmented the Hand Sanitizer marketon the basis following terms
- Less than 100ml
- More than 100ml
By Distribution Channel
- Departmental Store
- Pharmacy Store
Middle East and Africa
- Saudi Arabia
- South Korea
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