The North America hand sanitizer market size was valued at USD 1.30 billion in 2022 and is projected to grow from USD 1.33 billion in 2023 to USD 1.86 billion by 2030, exhibiting a CAGR of 4.9% during the forecast period.
Market Driver:
Increasing Popularity of E-commerce to Boost Market Sales
The increasing use of smartphones and the internet has led to the acceptance of e-commerce, especially in the time of the COVID-19 pandemic. The amplified purchasing of sanitizers on e-commerce platforms along with social distancing norms and lockdown by governments will have a tremendous impact on the global market. According to the United States Census Bureau, in August 2020, the data displayed that pandemic had a positive effect on the United States e-commerce, which would reach up to USD 211.5 billion 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 of coronavirus will consequently shift consumers’ inclination toward e-commerce, thus propelling the market in the US.
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List of Top Companies in the North America 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)
Skyrocketing Sanitizer Demand to Favor Business During COVID-19
The increasing utilization of hand sanitizers owing to the precautionary measures to curb the spread of coronavirus will consequently improve the prospects of the market. According to the Center for Disease Control and Prevention data issued, in September 2020 stated that the use of alcohol-based hand sanitizer can help protect oneself and others from the coronavirus. Also, the heavy consumption of sanitizers in hospitals and healthcare facilities to maintain strict safety protocols in regards to covid-19 will further promote the market in the coming months.
Regional Analysis:
High Extent of coronavirus to Aid Market Development in the US
The United States is the leading market because it the hardest-hit country by the Coronavirus. The need for hand sanitizers in the US will influence the healthy growth of the market. As per the data issued by the Worldometers, in September 2020, 7.09 million were infected and 205,478 deaths cases of Covid-19 were reported in the United States, making it one of the worst-hit countries in the world. The growing need for disinfection and sanitization in research laboratories, healthcare facilities, shopping malls, and retails will enable the speedy expansion of the market in the region. Canada is expected to exhibit a steady growth rate owing to the high priority on healthcare and hygiene in the country. As per the Canadian Institute for Healthcare Information, Canada is anticipated to make the spending of USD 200.6 billion or USD 5371.40 per person on healthcare.
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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
Key Development:
April 2020: Relevium announced the launch of Bioganix® CleanCare hand sanitizer products in Canada and the United States. The company also confirmed pre-orders of the new hand sanitizer in Canada and the US.
Key Opportunities:
This report analyzes the key opportunities in the market and identifies the factors that are driving the growth of the industry and will continue to grow in the future. Consider past development designs, development drivers, trends and future patterns.
TOC Continued…!
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