Impact of COVID-19 on Hand Sanitizer Market Outlook

Impact of COVID-19 on the Global Hand Sanitizer Market Size, Share, Industry Analysis and Regional Forecast, 2019-2026

The global COVID-19 impact on hand sanitizer market is likely to gain traction from the outbreak of the COVID-19 pandemic. It has resulted in the increasing demand for personal hygiene products, namely, hand wash, soaps, tissue papers, and sanitizers worldwide. This information is given by Fortune Business Insights™ in a newly published report, titled, “Impact of COVID-19 on the Global Hand Sanitizer Market Size, Share, Industry Analysis and Regional Forecast 2019-2026.” The report further mentions that the hand sanitizer market size was anticipated to reach USD 1.35 billion in 2020 before the Covid-19 outbreak. However, on account of the present scenario, it is likely to generate USD 1.87 billion this year. In addition to this, it would rise tremendously from an annual growth rate of 5.06% to 45.71% in 2020.

Some of the Most Vital Effects of Covid-19 Pandemic on the Market:

Shortage of hand sanitizers owing to the panic-buying practices of the masses, especially in countries, such as the U.K., Spain, Italy, and the U.S.
Numerous alcohol manufacturers are inclining towards the hand sanitizer making business to cater to the growing demand from the consumers worldwide.
Many retailers have begun limiting the purchase of hand sanitizers. They are implementing the maximum purchasing quantity for per person to only two.
A large number of vendors present in the e-commerce platforms, such as Amazon and eBay are hiking the prices of essential commodities, including hand sanitizers.
Consumers nowadays are shifting rapidly towards alternate products, namely, hand washes and soaps stoked by the guidelines provided by prominent government bodies, such as the Centres of Disease Control and Prevention (CDC).
There may be a delay in the manufacturing of technologically innovative and organic personal care products.

Segment:

Alcohol-based Sanitizer Segment to Lead Backed by Rising Usage Amidst Covid-19 Pandemic

The hand sanitizer market is bifurcated into alcohol-free sanitizer and alcohol-based sanitizer. Out of these, the alcohol-based sanitizer segment held approximately 64% of the global market and is in the dominant position. Separately, the alcohol-based sanitizer market stood at USD 828.07 million in 2019. These sanitizers play a vital role in preventing many disease-spreading microorganisms. They contain around 60% to 90% of n-propanol or ethyl alcohol, as well as isopropyl alcohol. The CDC, for instance announced that these types of sanitizers are the best during Covid-19 outbreak as they are capable of killing most of the germs. Such norms are also aiding in the growth of this segment.

Regional Analysis:

Fortune Business Insights™ lists out all the hand sanitizer companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

Reckitt Benckiser (U.K.)
Gojo Industry Inc. (U.S.)
Henkel AG & Company (Germany)
Himalaya Global Holdings Ltd. (India)
Unilever Plc. (U.K.)
Bacardi Limited (Bermuda)
CVS Health (U.S.)
Best Sanitizer Inc. (U.S.)
Proctor & Gamble (U.S.)
SC Johnson & Son, Inc. (U.S.)

Rising Awareness about Personal Hygiene Products in Many Regions to Aid Growth

North America procured USD 485.59 million in 2019 in terms of revenue and occupied around 38% of the global market. As per one of our analysts, “The level of exposure experienced by every region will vary.” Several factors are responsible for the same. The governments of many countries are taking various initiatives to reduce the impact of Covid-19 pandemic. Besides, the number of awareness programs regarding personal hygiene products in rural areas, as well as import & export activities would contribute to the varying levels of impact of this pandemic worldwide.