In a recent published report, Kenneth Research has updated the Market report for Hand Sanitizer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hand Sanitizer Market Products.
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10346812
According to the statistics by the WHO, grew from 6.20% in 2001 to 6.69% in 2018. Additionally, the current healthcare expenditure per capita (current US$) grew 3x from USD 222.49 in 2001 to USD 721.88 in 2018.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The COVID-19 pandemic has reshaped consumer behavior and has encouraged people to take more precautionary measures concerning personal hygiene, especially hand hygiene. The Indian Government has issued several guidelines to educate consumers about the application of hand sanitizers frequently, to mitigate the spread of the infection. The growing awareness about hand hygiene has spawned numerous growth opportunities and hand sanitizers have become an essential commodity in every Indian household.
The hand sanitizer market in India was valued at INR 1,098.12 Mn in 2019 and is expected to reach a value of INR 4,056.33 Mn by 2025, expanding at a compound annual growth rate (CAGR) of ~22.44% during the 2020-2025 period.
Impact of COVID-19 and the way forward:
The demand for hand sanitizers skyrocketed in early February 2020, due to the spread of the COVID-19 in the country. By the end of February, hand sanitizers went out of stock. The exponential increase in the demand created a massive gap in supply; and industry players utilized their manufacturing proficiency to expand production to avoid supply shortage. This also paved the way for companies from different sectors to foray into the Indian hand sanitizer space. Furthermore, to stabilize the price of sanitizers amid the huge demand and avoid any exploitation within the industry, the government had capped the market price of hand sanitizers sold in the country. However, hand sanitizers were removed from the Essential Commodities Act, 1955 as supply normalized post-July 2020.
Competitive landscape:
The hand sanitizer market in India had a few established players such as Reckitt Benckiser, HUL, Himalaya Drug Company, and Godrej Consumer Products Limited (GCPL) at the beginning of 2020. However, post the spread of COVID-19, smaller players entered the market to take advantage of the demand surge and grabbed more than 60% of the market share as of September 2020. New entrants primarily included distilleries that had easy access to the extra neutral alcohol (ENA) required in manufacturing sanitizers, after the government granted them production license. Moving forward, high demand is expected to come from institutional buyers; and the larger, established players are likely to capture market share.
Companies covered:
• 3M India Limited
• Colgate Palmolive India Ltd (Palmolive)
• Dabur India Limited
• Godrej Consumer Products Limited (Protekt)
• Hindustan Unilever Limited
• ITC Limited (Savlon)
• Herbal Strategi
• Reckitt Benckiser India Limited (Dettol)
• The Himalaya Drug Company
• Vi-Jon Group
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10346812
The COVID-19 pandemic has reshaped consumer behavior and has encouraged people to take more precautionary measures concerning personal hygiene, especially hand hygiene. The Indian Government has issued several guidelines to educate consumers about the application of hand sanitizers frequently, to mitigate the spread of the infection. The growing awareness about hand hygiene has spawned numerous growth opportunities and hand sanitizers have become an essential commodity in every Indian household.
The hand sanitizer market in India was valued at INR 1,098.12 Mn in 2019 and is expected to reach a value of INR 4,056.33 Mn by 2025, expanding at a compound annual growth rate (CAGR) of ~22.44% during the 2020-2025 period.
Impact of COVID-19 and the way forward:
The demand for hand sanitizers skyrocketed in early February 2020, due to the spread of the COVID-19 in the country. By the end of February, hand sanitizers went out of stock. The exponential increase in the demand created a massive gap in supply; and industry players utilized their manufacturing proficiency to expand production to avoid supply shortage. This also paved the way for companies from different sectors to foray into the Indian hand sanitizer space. Furthermore, to stabilize the price of sanitizers amid the huge demand and avoid any exploitation within the industry, the government had capped the market price of hand sanitizers sold in the country. However, hand sanitizers were removed from the Essential Commodities Act, 1955 as supply normalized post-July 2020.
Competitive landscape:
The hand sanitizer market in India had a few established players such as Reckitt Benckiser, HUL, Himalaya Drug Company, and Godrej Consumer Products Limited (GCPL) at the beginning of 2020. However, post the spread of COVID-19, smaller players entered the market to take advantage of the demand surge and grabbed more than 60% of the market share as of September 2020. New entrants primarily included distilleries that had easy access to the extra neutral alcohol (ENA) required in manufacturing sanitizers, after the government granted them production license. Moving forward, high demand is expected to come from institutional buyers; and the larger, established players are likely to capture market share.
Companies covered:
• 3M India Limited
• Colgate Palmolive India Ltd (Palmolive)
• Dabur India Limited
• Godrej Consumer Products Limited (Protekt)
• Hindustan Unilever Limited
• ITC Limited (Savlon)
• Herbal Strategi
• Reckitt Benckiser India Limited (Dettol)
• The Himalaya Drug Company
• Vi-Jon Group
The COVID-19 pandemic has reshaped consumer behavior and has encouraged people to take more precautionary measures concerning personal hygiene, especially hand hygiene. The Indian Government has issued several guidelines to educate consumers about the application of hand sanitizers frequently, to mitigate the spread of the infection. The growing awareness about hand hygiene has spawned numerous growth opportunities and hand sanitizers have become an essential commodity in every Indian household.
The hand sanitizer market in India was valued at INR 1,098.12 Mn in 2019 and is expected to reach a value of INR 4,056.33 Mn by 2025, expanding at a compound annual growth rate (CAGR) of ~22.44% during the 2020-2025 period.
Impact of COVID-19 and the way forward:
The demand for hand sanitizers skyrocketed in early February 2020, due to the spread of the COVID-19 in the country. By the end of February, hand sanitizers went out of stock. The exponential increase in the demand created a massive gap in supply; and industry players utilized their manufacturing proficiency to expand production to avoid supply shortage. This also paved the way for companies from different sectors to foray into the Indian hand sanitizer space. Furthermore, to stabilize the price of sanitizers amid the huge demand and avoid any exploitation within the industry, the government had capped the market price of hand sanitizers sold in the country. However, hand sanitizers were removed from the Essential Commodities Act, 1955 as supply normalized post-July 2020.
Competitive landscape:
The hand sanitizer market in India had a few established players such as Reckitt Benckiser, HUL, Himalaya Drug Company, and Godrej Consumer Products Limited (GCPL) at the beginning of 2020. However, post the spread of COVID-19, smaller players entered the market to take advantage of the demand surge and grabbed more than 60% of the market share as of September 2020. New entrants primarily included distilleries that had easy access to the extra neutral alcohol (ENA) required in manufacturing sanitizers, after the government granted them production license. Moving forward, high demand is expected to come from institutional buyers; and the larger, established players are likely to capture market share.
Companies covered:
• 3M India Limited
• Colgate Palmolive India Ltd (Palmolive)
• Dabur India Limited
• Godrej Consumer Products Limited (Protekt)
• Hindustan Unilever Limited
• ITC Limited (Savlon)
• Herbal Strategi
• Reckitt Benckiser India Limited (Dettol)
• The Himalaya Drug Company
• Vi-Jon Group
The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Hand Sanitizer Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Playes
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
For More Reports:
Global Healthcare Augmented Reality and Virtual Reality Market
Europe Healthcare Augmented Reality and Virtual Reality Market
North America Healthcare Augmented Reality and Virtual Reality Market
About Kenneth Research:
Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.
Contact Us
Name: Kenneth research
Email: [email protected]
Phone: +1 313 462 0609
