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Hand Sanitizer Market Size

Report ID: GMI4604
Published Date: Jan 2023
Report Format: PDF

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Hand Sanitizer Market Size

Hand Sanitizer Market size was worth more than USD 3.5 billion in 2022 and is estimated to grow at over 7% CAGR from 2023 to 2032 driven by the rising prevalence of infectious diseases worldwide.

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The transmission of infectious illnesses, including respiratory infections and other communicable diseases, is significantly reduced by the use of hand sanitizers. Increased incidences of TB, influenza, severe acute respiratory syndrome (SARS), and pneumonia, among other diseases, are anticipated to create massive growth potential. The surging focus on following hygiene practices, such as hand washing and no-touch hand sanitizing on account of increasing health awareness, is expected to support industry development through 2032.

Hand Sanitizer Market Report Attributes
Report Attribute	Details
Base Year:	2022
Hand Sanitizer Market Size in 2022:	USD 3.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7%
2032 Value Projection:	USD 6.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	205
Tables, Charts & Figures:	371
Segments covered:	Type, Composition, Distribution Channel, and Region
Growth Drivers:	Increasing prevalence of infectious diseases globally Rising public awareness about personal hygiene Government initiatives to promote good personal hygiene practice Growing distribution of hand sanitizers in various healthcare settings
Pitfalls & Challenges:	Less effectiveness of alcohol-free hand sanitizer

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Ineffectiveness of alcohol-free hand sanitizer to restrict product adoption

To cater to the mounting product demand, some firms are boosting hand sanitizer manufacturing capacity, including alcohol-free hand sanitizer. However, certain governments and healthcare organizations do not recommend using alcohol-free sanitizers, which has hindered hand sanitizer market expansion. For instance, the Australian government discourages its residents from using alcohol-free disinfectants since they are less efficient as compared to alcohol-based disinfectants at preventing the spread of infections. Nevertheless, growing awareness about the benefits of alcohol-based sanitizers may help overcome this restraint in the future.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for hand sanitizer was valued at more than USD 3.5 billion in 2022 and is estimated to grow at an over 7% CAGR through 2032 driven by the rising prevalence of infectious diseases worldwide.

Gel type segment accounted for over USD 1.5 billion in revenue in 2022 and is set to record significant growth in the forthcoming period owing to its cost-effectiveness and inclusion of various aromas and moisturizers.

Europe hand sanitizer market is forecast to be valued at over USD 2 billion by 2032 owing to favorable initiatives and funds provided by the domestic regulatory authorities for supporting local hand sanitizer manufacturers.

3M, Ecolab Inc., Inc., Vi-Jon, Bath & Body Works, Inc., Godrej Consumer Products Limited, GOJO Industries, Inc., ITC Limited, PZ Cussons, Kutol, The Himalaya Drug Company, and Unilever, among others are some of the major companies in the hand sanitizer industry.