Report : South America Hand Sanitizer Dispensers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Fixed and Portable) and Modality (Automatic and Manual)
Automatic is expected to be the fastest growing segment during the forecast period 2021–2028
According to a new market research study on “South America Hand Sanitizer Dispensers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Modality,” is expected to reach US$ 8.30 million by 2028 from US$ 6.33 million in 2021. The market is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The report provides trends prevailing in the South America hand sanitizer dispensers market along with the drivers and restraints pertaining to the market growth. Appearance of new market players and strategic initiatives undertaken by existing players, burgeoning demand for hand sanitizer dispensers due to ongoing COVID-19 pandemic and rise in adoption of automatic hand sanitizer dispensers are the major factor driving the growth of the South America hand sanitizer dispensers market. However, heighten maintenance cost and low frequency of buying hinder the growth of South America hand sanitizer dispensers market.
Brazil has been ranked to be third-most affected economy due to COVID-19 pandemic globally. In terms of South America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. For instance, it was reported by China Global Television Network (CGTN) that due to the fears arising from the spread of the coronavirus, consumers in Sao Paulo are increasingly demanding on soap and hand sanitizers to maintain health and hygiene, which has generated huge demand for hand sanitizer. Similarly, the use of hand sanitizer dispenser has been extended across commercial, residential, and industrial set-up with an aim to eradicate virus spread as well as simultaneously gearing back to revive the operations.
The South America hand sanitizer dispensers market is segmented on the bases of type, modality, and country. Based on type, the market is bifurcated into fixed and portable. In 2020, fixed segment held the largest share in the market and portable is expected to be the fastest growing segment during the forecast period. Based on modality, the hand sanitizer dispensers market is bifurcated into automatic and manual. In 2020, on automatic segment held the largest share in the market and is also expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into the Brazil, Argentina, and Rest of South America. In 2020, the rest of South America region held the largest share in the market and Argentina is expected to be the fastest growing country during the forecast period
UMBRA; American specialties.com; Shenzhen Svavo Intelligent Technology co., Ltd; Kingsway Technology; Hokwang Industries co., Ltd; GOJO Industries, Inc.; and Essity AB are among the leading companies in the South America hand sanitizer dispensers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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