The global hand sanitizer market was valued at USD 2.0 billion in 2019 and is expected to reach USD 5.5 billion by 2025, growing at a CAGR of 17.0% during 2020-2025. The global hand sanitizer market is growing at a significant rate, due to escalating awareness of hand hygiene that is considered to be a crucial regime to restrict the incidence of any infection or spread of viruses.
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Increasing demand for wellness and health products as a result of communicable diseases along with ever-changing preferences of consumers towards usage of convenient hygiene products are the key factors that are driving the growth of global hand sanitizer market. The growing effect of coronavirus epidemic globally is uplifting the demand for hand sanitizers rapidly. The eruption of global pandemic has exaggerated the need for hand sanitizers and has led significant profit enhancement for the service providers.
Geographically, North America is the largest hand sanitizer market in 2019 and is further anticipated to generate largest revenue by 2025. The growth of this product in this region is attributed towards wider accessibility of hand sanitizers along with rapid prevalence of online and offline distribution channels to meet the demand of the product along with massive outburst of coronavirus.
Additionally, the rapid inclination of the consumers in the U.S. towards spending significant amount towards personal care products and rampant awareness for maintaining personal hygiene are the key factors strengthening the growth of the hand sanitizer market in the region.
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Some of the major players operating in the global hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., Kutol, The Himalaya Drug Company, and Chattem Inc.
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