Hand Sanitizers Global Market Report 2022

Major players in the hand sanitizers market are Reckitt Benckiser Group, The Himalaya Drug Company, Procter and Gamble, Gojo Industry Inc., Henkel Corporation, Unilever, Vi-Jon Laboratories Inc, Chattem Inc, Best Sanitizers Inc, and Kutol Products Company.

The global hand sanitizers market is expected to grow from $3.33 billion in 2021 to $3.62 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The market is expected to grow to $5.25 billion in 2026 at a CAGR of 9.7%.

The hand sanitizer market consists of sales of sanitizers and their related service.Sanitizers are substances or liquids used for cleaning objects to get rid of harmful microorganisms including bacteria.

These are products that combine disinfectant and detergent and are used to remove dirt, reduce or kill bacteria, and dissolve grease from the surface to at least 99.9%.

The main types of hand sanitizers are quaternary ammonium compounds based, alcohol-based, tridosan based, and other types.An alcohol-based sanitizer is defined as a liquid containing alcohol at a certain minute level that is designed for applying to the hands for inactivating the microorganisms and suppressing their growth.

The alcohol-based sanitizers usually contain ethanol, n-propanol, isopropanol, or a mixture of these.The various hand sanitizer products are gel, foam, liquid, and other products.

The major distribution channels of hand sanitizers include online stores, pharmacy stores, departmental stores, and other distribution channels. The main end-use industries of hand sanitizers are hospitals, restaurants, schools, household purposes, and others end-users.

Asia Pacific was the largest region in the hand sanitizers market in 2021.North America was the second-largest region in the hand sanitizers market.

The regions covered in the hand sanitizer report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The coronavirus outbreak is a major driver for the growth of the sanitizers market during the period.Hygiene is an important part of safety against the protection of coronavirus and staying healthy.

Therefore the demand for sanitizers has grown tremendously post the COVID-19 outbreak globally, since the outbreak of the virus in China as sanitizers are effective against coronavirus.Center for Disease Control (CDC) recommends the use of alcohol-based hand sanitizers with greater than 60% ethanol or 70% isopropanol, as the preferred form of hand hygiene in healthcare settings.

According to the U.S. Food & Drug Administration, more than 1,500 additional manufacturers have registered with the agency to meet the increased demand for hand sanitizers. Hence, the COVID-19 outbreak coupled with growing concerns for hygiene is anticipated to escalate the demand for sanitizers during the year 2020 and in years to come ahead.

Health hazards associated with occupational exposure to chemicals used in sanitizers manufacturing are expected to limit the growth of the sanitizers market.According to Reuters’s health news on chemicals sanitizers and disinfectants linked to thyroid cancer, the workers who are exposed to chemicals or biocides used in the production of sanitizers, disinfectants, and deodorizers are likely to diagnose with a 65% higher risk of thyroid cancer.

Thus, the occupational risk of exposure to chemicals during the production of chemical-based Sanitizers is forecast to restrict the development of the Sanitizers market over the forecast period.

The expansion of production capacities and revamp of companies to meet the higher demand for hand sanitizers is a major trend shaping the sanitizers industry.For instance, in March 2020, Bell International Laboratories, a vertically-integrated cosmetics manufacturer, announced the expansion of their production of alcohol-based hand Sanitizers (gels and sprays) and is expected to produce 22 million units in April.

Moreover, companies such as Radio Khaitan and Bacardi, manufacturers of alcoholic drinks have turned into Sanitizer producers amid the COVID-19 outbreak.This step was taken for companies’ contributions during the coronavirus pandemic to meet the increasing demand for hand Sanitizers for health and hygiene.

Therefore, increasing production capacities and companies entering into the production of hand Sanitizers is a key trend for the Sanitizers market’s growth.

In March 2020, Agritek Holdings, Inc., a USA-based active investor, and operator in the legal cannabis sector announced the acquisition of Full Spectrum Biosciences Inc. including a new product line of RehabRx CBG infused hand Sanitizers. Full Spectrum Biosciences Inc.’s acquisition is expected to provide Agritek Holdings, Inc. with an additional revenue platform, as both companies together plan to launch hemp-based nutraceutical products for a growing consumer segment. With the COVID-19 outbreak, Full Spectrum Biosciences Inc. is to launch cannabinoid-infused, aloe-based hand Sanitizer products containing CBG or cannabigerol. Full Spectrum Biosciences Inc. is focused on IP formulation of premium brands and genetic mapping of cannabis strains.

The countries covered in the hand sanitizers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.