Hand Sanitizer is a liquid generally used to decrease the infectious agents on the hands. Alcohol based hand sanitizer is generally more effective in killing the microorganisms and hence, is preferred over soap and water. The global hand sanitizer market was USD 938 million in 2018 and is estimated to reach USD 1622.21 million by 2025 at a CAGR of 8.14% during the forecast period.
Growth by Region
Asia Pacific will be the fastest growing market during this forecast period. After Asia Pacific, North America, Europe, South America are likely to follow.
Drivers vs. Constraints
The factor leading to the growth is the demand from the consumers due to awareness and inclination towards health & wellness. Additionally, the rise in the standard of living, support from organizations such as WHO, FDA and others are likely to boost the sanitizers market.
Industry Structure and Updates
July 2018 - Zoono Ultra GermFree24 hand sanitizer has been effective against Human Norovirus Strain.
August 2018 - Enterococcus Faecium (a kind of bacteria) has developed resistance to alcohol based hand sanitizer.