North America Hand Sanitizer Market: Business Opportunity, Trends, and Top Key Players Overview

ByPriyanka

In 2023, the North American hand sanitizer market reached a value of USD 1.33 billion, with projections indicating growth to USD 1.86 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period. This growth is attributed to the increasing emphasis on health and hygiene, particularly amidst rising infectious disease outbreaks. Fortune Business Insights presents these insights in their report titled “North America Hand Sanitizer Market, 2024–2030.”

 Information Source: https://www.fortunebusinessinsights.com/north-america-hand-sanitizer-market-104294 

List of Key Players Profiled in the North America Hand Sanitizer MarketReport:

  • The Clorox Company (U.S.)
  • The 3M Company (U.S.)
  • Byotrol (U.K.)
  • Henkel AG & Co. KGaA (Germany)
  • Vi-jon Inc.(U.S.)
  • GOJO Industries, Inc. (U.S.)
  • Kutol Products Company, Inc. (U.S.)
  • The Procter & Gamble Company (U.S.)
  • Artnaturals (U.S.)
  • Unilever PLC (U.K.)

Market Segments:

Wide Dispersion and Efficient Application Sets Gel Segment Apart: The market is segmented based on product form, including gel, spray, foam, and others. The gel segment leads due to its ability to disperse evenly using smaller quantities.

Rising Demand for Alcohol-based Sanitizers Due to Unmatched Effectiveness: Segmented by type, the market includes alcohol-based and alcohol-free sanitizers. Alcohol-based sanitizers are expected to witness increased demand due to their effectiveness against germs, bacteria, and viruses.

Vital Role of Hand-Sanitizers in Controlling Disease Dominates Hospital Segment: The end-user segmentation comprises schools, restaurants, hospitals, households, office buildings, and others. Hospitals emerge as a significant segment, driven by healthcare professionals’ constant interaction with susceptible patients.

Regional Insights: The market is segmented into the U.S., Canada, and Mexico.

Report Coverage: The report offers insights into major growth drivers, restraining factors, opportunities, challenges, regional developments, industry players, strategies, and recent industry developments such as product launches and partnerships.

Competitive Landscape: Large players are shifting towards organic/natural sanitizers to drive product growth. This transition is anticipated to contribute significantly to market share.

Drivers and Restraints: Product innovation, including smart dispensers and portable sprays, is driving market growth. However, alternative products like liquid hand wash and bar soap pose a restraint on market growth.

COVID-19 Impact: The pandemic has driven the adoption of hygiene protocols, leading to increased demand for hand sanitizers. Alcohol-based sanitizers have played a crucial role in preventing the transmission of COVID-19.

Key Industry Developments: In April 2023, SK Capital Partners, LP acquired Apotex Pharmaceutical Holdings Inc., expanding its presence in the Canadian hand sanitizer manufacturing industry.