20 likes | 33 Views
The global sanitizer market will grow with a CAGR of 12.5% during the forecast period of 2020 to 2026. The market consists of studies on various types of sanitizers supplied amid the COVID-19 pandemic, which not only sterilizes human hands but also sterilizes key accessories, mobile phones, laptops, electronic devices, fabric, clothes, vegetables, and fruits, etc. Sanitizers which are gel-based, foam/ mist spray based, liquid-based, sanitizing wipes, and UV based have been recently marketed due to increasing demand and regulatory norms amended by the government for sanitization at public and private places. Moreover, the market has witnessed the launch of alcohol-free and organic sterilizers which will be the fastest-growing product during the forecast period of the study. The government norms for the precautionary measures amid pandemic has helped the market grow even faster than before. <br>Furthermore, advantages of a sanitizer over conventional hand wash or soap (such as portability, no use of water, high germ-killing capacity, cheap, and reliable) are helping this business take the next leap towards the peak of growth in the market. Also, rising awareness of the ill effects of COVID-19 and nosocomial infections caused by close contact with unknown or COVID-19 patients is fuelling the demand for sanitizers. Various international bodies such as CDC and WHO have laid down their guidelines for disinfecting offices, public transport vehicles, personal vehicles, commercial premises, buildings, toilets, etc. The rising influence of online/ digital marketing activities on social media & online advertisement platforms is expected to drive the market. Various products such as UV based sanitizers for electronic items, portable bag sanitizers for mobile phones, keys, and chargers have been constantly in the news for their novelty and portable use. As per the data presented by Statista, the purchase for innovative sanitizers by Indians from not so famous brands has risen from 2% to almost 26-30% from 2019-2020. This data proves that the branded sanitizers where exhausted pertaining to rising demand for the same amid the COVID-19 pandemic. This paved the way for innovated products (UV based and organic-based sanitizers) to become leading market players for sanitizers. <br>Browse the report summary @: Global Sanitizers Market Size, Trends & Analysis - Forecasts to 2026 <br>
E N D
Global Sanitizers Market Size, Trends & Analysis - Forecasts to 2026 The global sanitizer market will grow with a CAGR of 12.5% during the forecast period of 2020 to 2026. The market consists of studies on various types of sanitizers supplied amid the COVID-19 pandemic, which not only sterilizes human hands but also sterilizes key accessories, mobile phones, laptops, electronic devices, fabric, clothes, vegetables, and fruits, etc. Sanitizers which are gel-based, foam/ mist spray based, liquid-based, sanitizing wipes, and UV based have been recently marketed due to increasing demand and regulatory norms amended by the government for sanitization at public and private places. Moreover, the market has witnessed the launch of alcohol-free and organic sterilizers which will be the fastest- growing product during the forecast period of the study. The government norms for the precautionary measures amid pandemic has helped the market grow even faster than before. Furthermore, advantages of a sanitizer over conventional hand wash or soap (such as portability, no use of water, high germ-killing capacity, cheap, and reliable) are helping this business take the next leap towards the peak of growth in the market. Also, rising awareness of the ill effects of COVID-19 and nosocomial infections caused by close contact with unknown or COVID-19 patients is fuelling the demand for sanitizers. Various international bodies such as CDC and WHO have laid down their guidelines for disinfecting offices, public transport vehicles, personal vehicles, commercial premises, buildings, toilets, etc. The rising influence of online/ digital marketing activities on social media & online advertisement platforms is expected to drive the market. Various products such as UV based sanitizers for electronic items, portable bag sanitizers for mobile phones, keys, and chargers have been constantly in the news for their novelty and portable use. As per the data presented by Statista, the purchase for innovative sanitizers by Indians from not so famous brands has risen from 2% to almost 26-30% from 2019-2020. This data proves that the branded sanitizers where exhausted pertaining to rising demand for the same amid the COVID-19 pandemic. This paved the way for innovated products (UV based and organic-based sanitizers) to become leading market players for sanitizers. Browse the report summary @: Global Sanitizers Market Size, Trends & Analysis - Forecasts to 2026 As per the regional study, the sanitizer market is divided into Europe, North America, MEA, APAC, and CSA. The United States (North American region) is expected to be the largest shareholder in this market as the sales of the US has accounted for ~25% of the global
revenue. Asia-Pacific being the hotspot region for COVID-19 cases will grow the fastest amongst other regions for the adoption of sanitizers in the market. India being drastically hit by the COVID-19 virus will be the top consumers for all types of sanitizers. Moreover, many Chinese players are joining the race to offer portable, durable, cheap, reliable UV based sanitizers for cleaning accessories and fabrics. The key players in this market offering hand sanitizers, UV sanitizers, and organic sanitizers are the Himalaya Drug Company, Best Sanitizers, Inc., Reckitt Benckiser, Procter & Gamble Reckitt Benckiser, Procter & Gamble, 3M Company, Unilever GOJO Industries Henkel AG, Godrej, Vi-Jon, Chattem, Inc., and Kutol Products Company among others. (Other companies include Edgewell Personal Care, KAS Direct, LLC, EO Products, Nice Pak, Caremart, Nano Global Corp, HoMedics USA, LLC, PhoneSoap, Colgate-Palmolive Company, L Brands Inc., Kalla Sp. z o.o. Company, 59s.us, Kimberly-Clark, CleanSlate UV, Dr. Bronner's Magic Soaps, Megababe, LLC, DailyObjects, and Portronics). The best marketing strategies are applied by all the players in the inorganic strategy of launching and developing innovative and advanced but cost-effective products amid the COVID-19 pandemic. For instance, in July 2020, Global BioProtect LLC (US), launched a new product to its eco-friendly product line, namely patented BioProtect Hand sanitizer which is 100% recyclable, using air-powered technology. This product is made available in both alcohol and non-alcohol forms. Also, in May 2020, DailyObjects (India) launched a portable multifunctional UV sanitizer for smartphones, gadgets, daily used items, accessories, keys, and personal care kits; and Riot Labz (India) launched its product name, OakMist, which is a contactless-type of sanitizer dispenser that dispenses alcohol-based sanitizer solutions for disinfecting hands in the form of a spray. Based on the end-user study or the distribution channel study, the sanitizer market can be explained more precisely. The channels are supermarkets, drug stores, hospitals, clinics, general or conventional shops, and most importantly E-Commerce platforms. With the help of aggressive television marketing of these sanitizers, the demand for the same has been increased and is mostly witnessed by online platforms. The trend of only hand sanitizing has shifted to sanitizing around the user! Check the report summary @: Global Sanitizers Market Size, Trends & Analysis - Forecasts to 2026