Hand Sanitizer Market Analysis, Size, Growth, Share & Outlook, Forecast to 2027 | Grand View Research Inc.
The global hand sanitizer market size is anticipated to reach USD 13.7 billion by 2027, expanding at a CAGR of 22.6%, according to a new report by Grand View Research, Inc. Growing emergence related to regular hand washing and sanitization among consumers owing to recent COVID-19 pandemic have set the tone for the market enhancement during the forecast period. Major sanitizer manufactures have been ramping up their production capacity as well as improvising the supply chain strategies to cater the unprecedented spike in the sanitizers worldwide. According to a report by Adobe Analytics, the demand for hand sanitizer in U.S. spiked to 1,400% between December 2019 and January 2020. Hand hygiene forms the most important element of personal care in order to prevent infectious diseases and is expected to act as a key driver for the growth of the market. According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claimed to not to use the product. The 77.0% population in the favor of using hand sanitizer comprised of 37.5% male users and 62.5% of female users. In addition, government further promotes the usage of hand care products in order to increase awareness as well as avoid health issues among consumers. For instance, WHO and FDA have taken initiatives in order to make people aware about hand