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The global hand sanitizer market was valued at US$ 4.20 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic has resulted in the surging demand of hand sanitizers to control the transmission of coronavirus infection. Several manufacturers expanded their production capacities in compliance with statutory permissions issued by various government bodies to meet its increasing global demand.
We expect the global hand sanitizer market to exhibit a decline at the CAGR of 1.40% during 2021-2026.
The increasing consumer consciousness towards maintaining health and wellness due to the high prevalence of communicable diseases represents one of the factors catalyzing the global hand sanitizer market.
Based on the product form, the global hand sanitizer market can be segmented into gel, foam, liquid, spray, and others. Amongst these, gel form holds the majority of the total market share.
Based on the product type, the global hand sanitizer market has been divided into alcohol-based and non-alcohol based, where alcohol-based sanitizers currently represent the largest segment.
Based on the distribution channel, the global hand sanitizer market can be categorized into pharmacies, departmental stores, online stores, and others. Currently, departmental stores exhibit a clear dominance in the market.
Based on the end use, the global hand sanitizer market can be bifurcated into restaurants, schools, hospitals, household purposes, and others. Amongst these, hospitals account for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global hand sanitizer market include Reckitt Benckiser Group PLC, The Himalaya Drug Company, Procter and Gamble Company, Henkel AG & Company, KGaA, Unilever NV/PLC., Vi-Jon Laboratories Inc., Gojo Industry Inc., Chattem Inc., Kutol Products Company, Inc., and 3M Company.
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