Hand Sanitizer Market Trends

Growth Drivers

• Rising Awareness Amongst Individuals for Precautionary Measures and Health Safety Against Epidemic Diseases: There is a rising concern amongst governmental health organizations for the sudden outbreak of epidemic communicable diseases, which not just affects individuals around the globe, but also impacts the economy across several nations. Over the ages, some of the most dangerous diseases that spread all around the globe at a very fast pace, such as MERS-CoV, Nipah Virus, SARS, Chikungunya, Novel Coronavirus (COVID-19) and others, have drastically changed the habits amongst individuals for personal hygiene and safety for health. Governmental organizations, such as the World Health Organization (WHO), UNICEF and CDC amongst others have raised the awareness for such epidemic communicable diseases around the globe, and the precautionary measures one needs to take to stay safe. Amongst all such measures, one such measure includes washing the hands frequently with soap and water or rubbing with a sanitizer. The rising awareness amongst individuals for such precautionary measures is thereby anticipated to drive the growth of the global hand sanitizer market in the coming years. According to the WHO, some of the most pandemic, epidemic diseases include the following:
• Rapid Innovation in Product: Initially, hand sanitizers were meant for use by healthcare providers in hospitals and other healthcare centers. Owing to rapid innovation brought into the product, such as portability, skin moisturizing capability, addition of varied flavor of fragrances and several others, the demand for these chemical disinfectants have grown massively over the years. Consumers have started accepting the product in its varied form and shape. For instance, the demand for squeeze pet bottles of hand sanitizer amongst individuals who are a frequent traveler, along with corporates and school going children have grown massively. Moreover, the increasing deployment of automatic hand sanitizer dispensers and smart soap dispensers in hospitals and corporates are also contributing to the increasing demand for hand sanitizers, and in turn the growth of the market.

Challenges

• Presence of Chemical Ingredients: Many forms of hand sanitizers contain several chemical ingredients that might affect individuals with numerous skin related problems. Such a factor is anticipated to hamper the sales of the product and in turn act as a key restraint factor towards the growth of the global hand sanitizers market.