Market Introduction
Hand sanitizer is mainly used to decrease infectious agents present on the hands and palm. Hand sanitizers are available in the market in different forms including foam, gel, wipes, and spray sanitizers. These hand sanitizers destroy 99.9% of the most common germs and helps to keep hands clean. Hand sanitizers contain various active ingredients. They are generally classified as either alcohol-based or non-alcohol-based products. Isopropyl alcohol, ethanol (ethyl alcohol), or n-propanol are common ingredients in alcohol-based hand sanitizers. Many manufacturers are offering sanitizers with vitamin E, glycerin, and aloe leaf juice, which kills most of the common germs and keep hands soft.
Market Overview and Dynamics
Us and Europe hand sanitizer market was valued at Euro 3,699.4 million in 2020 and is projected to reach Euro 43,174.2 million by 2027; it is expected to grow at a CAGR of 34.2% from 2021 to 2027. The US is one of the biggest markets for the hand sanitizers in the world. This COVID-19 pandemic has increased the demand for hand sanitizers in the US and Europe. There is rising awareness about the importance of safe and effective hygiene practices. This pandemic has made hand sanitizers a precious commodity in the US and Europe. The growing demand for hand sanitizers and other personal hygiene products has created more opportunities for hygiene product manufacturers. There is growing number of health-conscious people in countries like the UK, Germany, and France, which is one of the essential factors driving the demand for hand sanitizers in Europe. The use of hand sanitizers in hospitals, restaurants, educational institutions, household, shopping malls, movie theatres, and others has increased due to COVID-19 outbreak. The various initiatives from government to increase the production and supply of hand sanitizers has also supported for the growth of the market. The demand for hand sanitizers is expected to be long term as regular hand washing and sanitizing becomes a part of normal life to fight against the COVID-19 virus.
Key Market Segments
Based on product form, gel sanitizers segment accounted for the largest share of the US & Europe hand sanitizer market in 2020. Based on application, hospitals segment accounted for the largest share of the US & Europe hand sanitizer market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the US & Europe hand sanitizer market are company websites, annual reports, financial reports, national government documents, and statistical database. The key players operating in the US and Europe hand sanitizers market are Henkel AG & Company, KGAA; Unilever; The Himalayan Drug Company; Ecolab; 3M; Godrej Industries Limited; GOJO Industries, Inc.; Procter & Gamble; Reckitt Benckiser Group plc.; and S. C. Johnson & Son, Inc.; among others.
Reasons to Buy Report
US and Europe Hand Sanitizer Market
Company Profiles
The List of Companies - US and Europe Hand Sanitizer Market