Market Introduction
Asia Pacific comprises of potential economies such as China, Japan, India, Australia, South Korea, and rest of Asia-Pacific. The region is expected to register a remarkable growth for the hand sanitizer dispensers market owing to rising health consciousness amongst the people due to the outbreak of COVID-19 pandemic coupled with increasing utilization of hand sanitizer. The outbreak of coronavirus pandemic led to dramatic surge in the sales of hand sanitizers. Various preventive measures such as using masks, hand sanitizers, and consuming immunity boosting supplements have been adopted by the people to prevent themselves from acquiring the infection. As the governments across the region eased out certain lockdown restrictions, various shops and offices began their operations which increased the demand for hand sanitizer dispensers significantly. This demand has been leveraged by several small-business owners and many local and small-scale manufacturers started manufacturing automatic as well as manual hand sanitizer dispensers that are suitable for retail shops, public washrooms, offices, airports, railway stations, hospitals, theatres, and other public places. All these factors have contributed a major share in the growth of hand sanitizer dispensers market across the region.
The COVID-19 is anticipated to cause a significant economic loss in the Asia-Pacific. The consequence and impact can be even worse and totally depends on the spread of the virus. The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand and other Asian economies have prolonged the effect of pandemic upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia-Pacific. However, the uncertainty regarding the future outbreak especially in countries such as India and few other Asian countries, has altered the status of industry.
Market Overview and Dynamics
The hand sanitizer dispensers market in Asia Pacific is expected to grow from US$ 12.40 million in 2021 to US$ 16.59 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. In December 2019, COVID-19 started spreading across China, causing thousands of deaths. The spread of disease was later declared to be a global pandemic by the World Health Organization (WHO). It triggered the demand for “pandemic pantries,” which refers to immediate spike in stockpiling of emergency supplies globally. Some of the worse affected countries in the Asia Pacific are the India, Indonesia, Philippines and Bangladesh among others. Among the regular supplies, the demand for hand sanitizers went up incessantly attributable to the rising focus on sanitization as recommended by the public health agencies. In response to the COVID-19 pandemic, the focus toward hand sanitizing gained prominence. Several studies represent the importance of hand sanitization to minimize the transmission of health-associated pathogens such as viruses and reduce the prevalence of healthcare-associated infections (HCAIs). Also, the Centers for Disease Control and Prevention (CDC) identifies the significance of hand hygiene maintained by cleansing of the hands using alcohol-based hand sanitizers (ABHS) composed of at least 60% alcohol (also referred to as ethanol or ethyl alcohol). The WHO endorsement, along with several government guidelines and recommendations, has propelled the demand for alcohol-based hand sanitizers globally. With the surge in demand for hand sanitizers, the need for hand sanitizer dispensers has also surfaced as one of the vital products used across residential, commercial, and industrial spaces. For instance, a study conducted by the National Center for Biotechnology Information highlighted that the use of a strategically positioned hand sanitizer dispenser could promote hand hygiene activity from 1.52% to over 60%. Consequently, as per an article published by News Channel 12 in March 2020, New Bern Now—an online publication company—collaborated with Downtown Business Council to create and station hand sanitizer dispensers throughout the streets of downtown New Bern in North Carolina. Similarly, in the same year, San Francisco installed hand washing stations throughout the city, which included soap, water, and hand sanitizer dispensers, to encourage proper hygiene. To combat the spread of virus, it has become mandatory to install hand sanitizer dispensing systems across commercial and industrial places. Further, the rising awareness among the populace in the developed and developing countries about the importance of hygienic products has propelled the demand for hand sanitizer dispensers globally. Several manufacturers have deployed 24*7 production lines to meet the demand for commercial and industrial segments. Hence, the ongoing pandemic has positively influenced the growth of hand sanitizer dispensers market.
Key Market Segments
In terms of type, the fixed segment accounted for the largest share of the Asia Pacific hand sanitizer dispensers market in 2020. Further In term of modality, the automatic held a larger market share of the hand sanitizer dispensers market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the hand sanitizer dispensers market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are UMBRA; American specialties.com; Shenzhen Svavo Intelligent Technology co., Ltd; Kingsway Technology; Hokwang Industries co., Ltd; GOJO Industries, Inc.; and Essity AB among others.
Reasons to buy report
Asia Pacific Hand sanitizer Dispensers market Segmentation
Asia Pacific Hand Sanitizer Dispensers Market – By Type
Asia Pacific Hand Sanitizer Dispensers Market – By Modality
Asia Pacific Hand Sanitizer Dispensers Market – By Country
Asia Pacific Hand Sanitizer Dispensers Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 12.40 Million |
| Market Size by 2028 | US$ 16.59 Million |
| CAGR (2021 - 2028) | 4.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Hand Sanitizer Dispensers Market is valued at US$ 12.40 Million in 2021, it is projected to reach US$ 16.59 Million by 2028.
As per our report Asia Pacific Hand Sanitizer Dispensers Market, the market size is valued at US$ 12.40 Million in 2021, projecting it to reach US$ 16.59 Million by 2028. This translates to a CAGR of approximately 4.2% during the forecast period.
The Asia Pacific Hand Sanitizer Dispensers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Hand Sanitizer Dispensers Market report:
The Asia Pacific Hand Sanitizer Dispensers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Hand Sanitizer Dispensers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Hand Sanitizer Dispensers Market value chain can benefit from the information contained in a comprehensive market report.
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