Status : Published Published On : Apr, 2020 Report Code : VRHC1231 Industry : Healthcare Available Format : Page : 109

Asia-Pacific Hand Sanitizer Market – Analysis and Forecast (2019-2025)

Industry Insights by Product (Foam, Gel, Liquid, Others), by Distribution Channel (Specialty Store, Hypermarket & Supermarket, Online, Drugs Store), by End User (Hospitals, Corporates, Military, Restaurants, Others)

Industry Overview

Valued at USD 420.0 million in 2019, and is projected to reach USD 1,265.0 million by 2025, the Asia-Pacific hand sanitizer market is predicted to witness a CAGR of 18.7% during the forecast period (2020–2025). The growth of this market is attributed towards the growing need of health and hygiene related products. Moreover, rapid explosion of COVID-19 disease in the region is growing the demand for hand sanitizer in the region, this has led to shortage of supply of these products and manufacturers are emphasizing their efforts towards enhancing its supply at rapid pace.

Asia-Pacific Hand Sanitizer Market Highlights

Hand sanitizer is alcohol-free or alcohol-based liquid used for cleaning the hands in order to diminish the risk associated with infectious bacteria or viruses and further helps in maintaining the personal hygiene of the consumer. Hand sanitizers are capable of killing the germs that are present on the hands and is efficient in preventing the transmission of infection that is majorly being carried through hand transmission that could further lead to nosocomial food-borne illness.

Market Segmentation

Insight by Product 

The gel category dominated the hand sanitizer market in 2019, based on product. This is because, as this type of sanitizers are mostly thin and liquid in formulation and therefore it can be spread easily and penetrate into the skin to kill majority of bacteria. Furthermore, launch of various flavors affecting the fragrance is boosting the growth of this segment in the Asia-Pacific hand sanitizer market.

During the forecast period, the foam classification is projected to witness the fastest hand sanitizer market growth, on the basis of product. This is because of its ability to penetrate deep in the skin and further stays for longer time period on the skin. Furthermore, the product is easily available in the market and enables easy application and saves time of the consumers, furthers drive the growth of this segment.

Insight by End User

The hospitals division, under the end user segment, would hold the largest share in the Asia-Pacific hand sanitizer market in 2019. This is attributed to the strict sanitation and hygiene practices followed in hospitals and other healthcare centers.

Study Coverage

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Market Representation in the Study

Revenue (USD Million), CAGR from 2015 to 2019 (Historical), and 2020 to 2025 (Forecast)

Geography Covered in the Study

China, Japan, India, South Korea, Australia, Indonesia, Singapore

Companies Covered in the Study

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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Industry Dynamics

Growth Drivers

The drastic changes occurring due to COVID-19 is impacting every individual in the region as a result to which demand for hand sanitizer are increasing rapidly. World Health Organization (WHO) has urged all the manufacturers of hand sanitizer globally to increase the production of these products on an immediate basis. According to worldometer, as on 28 April 2020, the number of confirmed coronavirus cases was around 502,984.0 and confirmed deaths due to COVID-19 was around 18,017.0 in Asia-Pacific region.

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 other factors that are driving the growth of APAC hand sanitizer market.

Challenges

However, the use of chemical ingredients in hand sanitizers thus lead to health hazards such as killing of good bacterial in the human body that is the crucial factor anticipated to hamper the growth of the Asia-Pacific hand sanitizer market.

Geographic Overview

Geographically, China was the largest hand sanitizer market in 2019. Extensive spread of pandemic diseases such as COVID-19 in China increases the demand for hand sanitizers massively thereby bolstering the growth of the hand sanitizer market in the country.

Competitive Insight

Some of the major players operating in the Asia-Pacific 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.

Frequently Asked Questions

Some of the major players operating in the Asia-Pacific 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.
The Asia-Pacific hand sanitizer market was valued at USD 420.0 million in 2019.
The key factors boosting the growth of the market are rising awareness regarding health and hand hygiene, new fragrance launched in hand sanitizer industry, increasing demand of products which helps in protecting against life threatening disease, changing lifestyle, and sudden outbreak of COVID-19.
Asia-Pacific hand sanitizer market is predicted to witness a CAGR of 18.7% during the forecast period (2020�2025).
On the basis of product, the gel category was largest hand sanitizer market in 2019.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Asia-Pacific Hand Sanitizer Market