From USD 680.0 million in 2020, the European hand sanitizer market is predicted to grow to USD 1,860.0 million by 2027, registering a CAGR of 17.7% during the forecast period (2021–2027). The major factors fuelling the growth of the market are rising awareness regarding the health and hand hygiene, new product launch in hand sanitizer industry, increasing demand of products which helps in protecting against life threatening disease, changing lifestyle, and sudden outbreak of COVID-19.
Moreover, keeping the hands hygienic is considered to be the most vital factor and governments across the globe are emphasizing and promoting the utilization of hand care products in order to evade health issues amongst the consumers. Moreover, FDA and WHO are implementing rampant efforts in order to aware the consumers regarding hand hygiene and risk factors prevailing by not adhering to hygiene level of hands.
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On the basis distribution channel, the Europe hand sanitizer market is segmented into specialty store, hypermarket & supermarket, online, and drugs store. The hypermarket & supermarket division, under the distribution channel segment, would hold the largest share in the European hand sanitizer market in 2019. This is because, as this channel provides quick access to the hand sanitizers as compared to the purchase of this product through online channel.
Geographically, Germany was the largest hand sanitizer market in 2020 and is further anticipated to generate largest revenue by 2027. The growth of this product in the country is attributed towards wider accessibility of hand sanitizers along with rapid prevalence of online and offline distribution channels to the meet the demand of the product along with massive outburst of coronavirus.
Some of the major players operating in the Europe hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., and Chattem Inc.
Europe Hand Sanitizer Market Coverage
Product Insight and Forecast 2015-2025
Foam
Gel
Liquid
Others
Distribution Channel Insight and Forecast 2015-2027
Specialty Store
Hypermarket & Supermarket
Online
Drugs Store
End User Insight and Forecast 2015-2027
Hospitals
Corporates
Military
Restaurants
Others
Geographical Segmentation
Europe Hand Sanitizer Market by Country
Germany
By Product
By Distribution Channel
By End User
U.K.
By Product
By Distribution Channel
By End User
France
By Product
By Distribution Channel
By End User
Italy
By Product
By Distribution Channel
By End User
Spain
By Product
By Distribution Channel
By End User
Russia
By Product
By Distribution Channel
By End User
Rest of Europe
By Product
By Distribution Channel
By End User
Source: VynZ Research