Focus On Hand Hygiene Among Households, Patients, Hospitals & Regulatory Bodies as the Basic of Infection Control Amplifies Commercial Opportunities for Hand Sanitizers
The
global market for Hand Sanitizers is projected to reach US$2.35 billion by 2025,
driven by consistently increasing threats and risks related to infections and
hand-hygiene related disease outbreaks, rising focus on preventive healthcare,
and growing consumer interest in eco-friendly green sanitizers.
Hand Sanitizers are hand cleansing agents formulated
to efficiently remove germs from the skin, without the need for water and soap.
Available in alcohol-based and alcohol-free versions, sanitizers remove the
outer layer of oil, thereby wiping out any short-lived pathogens present on
hands. Over the years, these innovative formulations gained popularity as a
reliable method to clean hands. Beneficial
attributes such as usage convenience and flexibility, reduced time in cleaning,
decreased bacterial count, relatively lesser irritation to skin, improved skin
texture, and wider availability in a range of formats including gels, lotions,
as well as dispenser formats, have created ample opportunity for growth and
progress of hand sanitizers market. The market continues to maintain its
momentum owing to the necessity of these products to ensure germ-free healthy
hands, which represent the most exposed part of the body and the primary means
of contacting infections and diseases.
Healthy growth is projected for the market in the
coming years driven by the growing prominence of hand
hygiene practices in view of periodic outbreaks of H1N1 (swine flu), MRSA,
Zika, SARS, and avian flu (bird flu) in recent years, as well as the Ebola
virus disease (EVD) epidemic in West Africa. Endorsement of hand hygiene by
global health authorities such as the WHO and the US CDC and widespread media
coverage about disease outbreaks is playing a pivotal role in popularizing hand
sanitizer products across the world benefiting market penetration. Steady
launch of skin-safe, sustainable, and eco-friendly products with fragrances,
moisturizers, and other functional benefits customized to attract the working
class, baby boomers, and kids are further poised to benefit market prospects in
the near term. Growing R&D focus on developing hand sanitizers that are
effective against deadly human strains of enteroviruses and noroviruses and products
with quaternary ammonium compounds and other advanced ingredients are expected
to pave the way for widespread application of hand sanitizers.
Although the market holds immense growth
potential, certain issues and challenges continue to niggle prospects. Major
challenges inhibiting market growth include lack of adequate clinical evidence
to validate effectiveness of hand sanitizers against all types of microbes,
growing consumer fears about the toxicity of chemical ingredients, and
regulatory restrictions on certain types of sanitizer formulations such as
triclosan.
As
stated by the new market research report on Hand
Sanitizers, the United
States represents the largest market worldwide, closely followed
by Europe. Aging population and their vulnerability to various illnesses and
infections, growing prominence of preventive healthcare amidst mounting
healthcare costs, and higher standards of personal and hand hygiene, represent
key factors driving growth in these matured markets. The unpenetrated and
underpenetrated markets in Asia-Pacific, Middle East, and Africa, provide
lucrative market growth opportunities. Rest of World comprising the Middle East
and African regions represent
the fastest growing market with a value CAGR of 12.8% over the analysis period.
Key players in the market include 3M
Company, Best Sanitizers Inc., Byotrol plc, Chattem Inc., Deb Group Ltd., GOJO
Industries Inc., Henkel AG & Co. KGaA, Lion Corporation, Medline Industries
Inc., Nice-Pak Products Inc., Procter & Gamble Co., Reckitt Benckiser Group
plc, SC Johnson & Son Inc., Skinvisible Inc., The Clorox Company, Unilever
plc, Vi-Jon Laboratories Inc., and Zep Inc., among others.
The research report titled “Hand
Sanitizers - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of major companies worldwide. The report provides market estimates
and projections in terms of Value (US$) and Volume (Units) for all major
geographic markets, such as the United States, Canada, Japan, Europe (France,
Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China,
India, South Korea, Taiwan, and Rest of Asia-Pacific), Latin America (Brazil,
Mexico, and Rest of Latin America), and Rest of World.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose
CA 95138, USA, All Rights Reserved.
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