The global long-lasting hand sanitizer market size was valued at ~$11.5 million in 2020. The market is forecast to grow at a CAGR of ~3.2% during the forecast period from 2021-2027.
A long-lasting hand sanitizer is a relatively recent invention, and it is constantly being reinvented. It is very common to find a water-based hand sanitizer that contains silver nanoparticles as a key ingredient. Silver is one of the best antimicrobial elements as a result of which it has the ability to kill bacteria, viruses, and germs very effectively. A number of manufacturers use chemicals that are incredibly safe for the skin that they have designed themselves. A long-lasting hand sanitizer has the main advantage of remaining on the hands for long periods of time, depending on its composition. The moisturizing and bacteria-preventative attributes of long-lasting hand sanitizers allow those with skin irritation, damage, and infections to avoid the risks. In addition, long-lasting hand sanitizers add to the general reduction in handwashing efforts by providing protection for longer periods of time. The ease of use in everyday life makes these a great choice. The benefits of long-lasting hand sanitizers over conventional sanitizers have resulted in the proliferation of this market.
Factor Affecting the Global Long-Lasting Hand Sanitizer Market
Due to the outbreak of the virus that affected nearly all parts of the world in a short period, both the demand for hand hygiene products and the supply of products have been exceeding each other. Throughout the outbreak, regular hand sanitizing and cleaning practices have become more important for consumers and have become one of the prominent factors driving the market upwards.
Covid-19 Impact on the Global Long-Lasting Hand Sanitizer Market
Regional Analysis of the Global Long-Lasting Hand Sanitizer Market
The market was dominated by the North American region. In the coming years, the market is expected to grow as an increasing number of people are becoming aware of the importance of maintaining good health and hygiene. The growth in the market in the region is being driven by an increase in product availability coupled with increased penetration of online and offline channels. There is a high demand for hand sanitizers in this region, with a large number of market players. Multiple varieties of hand sanitizers are sold here, including gel-based, foam-based, sprays, and cleansing wipes. The U.S. is the leading player in the personal care and hygiene market. Consumers are more willing to spend on these products in the United States.
From 2021 to 2027, the region is forecast to grow at the fastest rate. Consumers are becoming increasingly aware of the importance of hygiene, contributing to this growth. In this regard, consumers are able to choose from a range of innovative and different products that add a degree of convenience to their personal care and hygiene regimes. With Online Shopping having increased dominance as a form of transaction in the region, the growth of the market for high-quality hand sanitizers is expected to grow over the forecast period.
Key Players In the Global Long-Lasting Hand Sanitizer Market
The major key players in the global long-lasting hand sanitizer market are:
Aim of the Report: the Global Long-Lasting Hand Sanitizer Market
The market is segmented on the basis of Nature, End-User, Distribution Channel, and Region
Segmentation based on Nature
Segmentation based on End-User
Segmentation based on Distribution Channel
Segmentation based on Region
