Status : Published Published On : Apr, 2020 Report Code : VRHC1230 Industry : Healthcare Available Format : Page : 106

Europe 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

From USD 620.0 million in 2019, the European hand sanitizer market is predicted to grow to USD 1,760.0 million by 2025, registering a CAGR of 17.7% during the forecast period (2020–2025). The key factors driving the growth of the market are increasing 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.

Europe Hand Sanitizer Market Highlights

Due to sudden outbreak of COVID-19 pandemic in the beginning of 2020, the hand sanitizer is gaining huge demand from the population in the region. The increasing demand of hand sanitizer have been exceeding the supply in both online as well as in retail shops due to the global outbreak of COVID-19 in a very rapid pace. Due to the COVID-19 outbreak, leads to an increase in the awareness of hand hygiene and cleaning practices among consumers and is one of the key factors driving the growth of the European market.

Market Segmentation

Insight by Product

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.

The gel category dominated the hand sanitizer market in 2019, on the basis of product in the Europe hand sanitizer market. 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 Europe hand sanitizer market.

Insight by End User

The hospitals division, under the end user segment, would hold the largest share in the Europe 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

Germany, U.K., France, Italy, Spain, Russia

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., and Chattem Inc.

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Industry Dynamics

Growth Drivers

The major factors fueling the growth of the Europe hand sanitizer market are surge in the demand for health and wellness products such as hand sanitizer as a result of sudden outbreak of coronavirus disease along with ever-changing preferences of consumers towards usage of convenient hygiene products. The growing effect of COVID-19 pandemic in the region is surging 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.

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 Europe hand sanitizer market.

Geographic Overview

Geographically, Germany was the largest hand sanitizer market in 2019. Rapid inclination of the consumers in the Germany 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 European Market.

Competitive Insight

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.

Frequently Asked Questions

The European hand sanitizer market is registering a CAGR of 17.7% during the forecast period (2020�2025).
The European hand sanitizer market was valued USD 620.0 million in 2019.
The major factors fueling the growth of the Europe hand sanitizer market are surge in the demand for health and wellness products such as hand sanitizer as a result of sudden outbreak of coronavirus disease along with ever-changing preferences of consumers towards usage of convenient hygiene products.
During the forecast period, the foam classification is projected to witness the fastest hand sanitizer market growth, on the basis of product.
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 Europe hand sanitizer market.

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Research Methodology

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