North America Hand Sanitizer Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
North America Hand Sanitizer Marketsize is expected to reach USD 1,379.4 million by 2026,exhibiting a CAGR of 7.1% during the forecast period. The increasing prevalenceof contagious viruses and diseases, like coronavirus, influenza, and Noroviruswill spur demand for hand sanitizers, in turn, favoring the growth of themarket, states Fortune Business Insights, in a report, titled “North America Hand Sanitizer Market Size, Share & COVID-19 Impact Analysis, By ProductForm (Foam, Gel, Spray, and Others), Type (Alcohol-Based Sanitizer andAlcohol-Free Sanitizer), End-User (Schools, Restaurants, Hospitals, Households,Office Buildings, and Others), and Regional Forecast, 2019-2026.” The market size stood USD 851.1million in 2019.
Market Driver:
Increasing Popularity of E-commerce toBoost Market Sales
The increasing use of smartphones andthe internet has led to the acceptance of e-commerce, especially in the time ofthe COVID-19 pandemic. The amplified purchasing of sanitizers on e-commerceplatforms along with social distancing norms and lockdown by governments willhave a tremendous impact on the global market. According to the United StatesCensus Bureau, in August 2020, the data displayed that pandemic had a positiveeffect on the United States e-commerce, which would reach up to USD 211.5billion with an increase of 31.8% from the first quarter, and a rise of 44.5%year-on-year. The high demand for sanitizers owing to the intensified cases ofcoronavirus will consequently shift consumers’ inclination toward e-commerce,thus propelling the market in the US.
Skyrocketing Sanitizer Demand to FavorBusiness During COVID-19
The increasing utilization of handsanitizers owing to the precautionary measures to curb the spread ofcoronavirus will consequently improve the prospects of the market. According tothe Center for Disease Control and Prevention data issued, in September 2020stated that the use of alcohol-based hand sanitizer can help protect oneselfand others from the coronavirus. Also, the heavy consumption of sanitizers inhospitals and healthcare facilities to maintain strict safety protocols inregards to covid-19 will further promote the market in the coming months.
Regional Analysis:
High Extent of coronavirus to AidMarket Development in the US
The United States is the leading marketbecause it the hardest-hit country by the Coronavirus. The need for handsanitizers in the US will influence the healthy growth of the market. As perthe data issued by the Worldometers, in September 2020, 7.09 million wereinfected and 205,478 deaths cases of Covid-19 were reported in the UnitedStates, making it one of the worst-hit countries in the world. The growing needfor disinfection and sanitization in research laboratories, healthcarefacilities, shopping malls, and retails will enable the speedy expansion of themarket in the region. Canada is expected to exhibit a steady growth rate owingto the high priority on healthcare and hygiene in the country. As per theCanadian Institute for Healthcare Information, Canada is anticipated to makethe spending of USD 200.6 billion or USD 5371.40 per person on healthcare.
List of Top Companies in the NorthAmerica Hand Sanitizer Market are:
- The Clorox Company (Oakland, California, USA)
- The 3M Company (Saint Paul, Minnesota, USA)
- Byotrol (Chester, Cheshire, England)
- Henkel (Düsseldorf, North Rhine-Westphalia, Germany)
- Vi-jon Inc. ( St Louis, MO, USA)
- GOJO Industries, Inc.( Akron, OH, USA)
- Kutol Products Company, Inc. (Sharonville, Ohio, USA)
- Procter & Gamble Co (Cincinnati, Ohio, USA)
- Artnaturals (Gardena, CA, USA)
- Unilever PLC (Blackfriars, London)
Key Development:
April 2020: Relevium announced the launch of Bioganix®CleanCare hand sanitizer products in Canada and the United States. The companyalso confirmed pre-orders of the new hand sanitizer in Canada and the US.
Browse Detailed Summary of ResearchReport with TOC:
https://www.fortunebusinessinsights.com/north-america-hand-sanitizer-market-104294
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- COVID 19 : Industry Impact
- Market Trends and Potential Opportunities
- Analysis on Players to Combat COVID-19
- North America Hand Sanitizer Market SWOT Analysis
- North America Hand Sanitizer Market : Value Chain Analysis
- North America Hand Sanitizer Market Analysis, Insights, and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Product Form (Value)
- Foam
- Gel
- Spray
- Others
- By Type(Value)
- Alcohol-Based Sanitizer
- Alcohol-Free Sanitizer
- By End-User (Value)
- Schools
- Restaurants
- Hospitals
- Households
- Office Buildings
- Others
- By Country (Value)
- United States
- Canada
- Mexico
TOC Continued…!
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