Impact of COVID-19 on Hand Sanitizer Market List of Key Players in Global Forecast by 2026, Fortune Business Insights™
The global
Impact of
COVID-19 on hand sanitizer market size
is likely to gain traction from the outbreak of Covid-19 pandemic. It has
resulted in the increasing demand for personal hygiene products, namely, hand
wash, soaps, tissue papers, and sanitizers worldwide. This information is given
by Fortune Business Insights™in a
newly published report, titled, “Impact of COVID-19 on the Global Hand Sanitizer MarketSize, Share, Industry Analysis and Regional
Forecast.”
The report
further mentions that the Impact
of COVID-19 on hand sanitizer market size was anticipated to reach USD
1.35 billion in 2020 before the Covid-19 outbreak. However, on account of
the present scenario, it is likely to generate USD 1.87 billion this year. In addition to this, it would rise tremendouslyfrom an annual growth rate of 5.06% to 45.71% in 2020.
The
emergence of COVID-19 has brought the world to a standstill. We understand that
this health crisis has brought an unprecedented impact on businesses across
industries. However, this too shall pass. Rising support from governments and
several companies can help in the fight against this highly contagious disease.
There are some industries that are struggling and some are thriving. Overall,
almost every sector is anticipated to be impacted by the pandemic.
We are
taking continuous efforts to help your business sustain and grow during
COVID-19 pandemics. Based on our experience and expertise, we will offer you an
impact analysis of coronavirus outbreak across industries to help you prepare
for the future.
This Report Addresses the Following Questions:
·
Which strategies are being followed by
industry giants to intensify competition?
·
What are the crucial steps taken by
the governments to lower the impact of Covid-19 on the market?
·
Which segment is likely to dominate
the market backed by the outbreak?
·
What are the significant opportunities
and challenges that the market would face owing to the outbreak?
Some of the Most Vital Effects of Covid-19 Pandemic on the Market:
·
Shortage of hand sanitizers owing to
the panic-buying practices of the masses, especially in countries, such as the
U.K., Spain, Italy, and the U.S.
·
Numerous manufacturers are inclining
towards the hand sanitizer making business to cater to the growing demand from
the consumers worldwide.
·
Many retailers have begun limiting the
purchase of hand sanitizers. They are implementing the maximum purchasing
quantity for per person to only two.
·
A large number of vendors present in
the e-commerce platforms, such as Amazon and eBay are hiking the prices of essential
commodities, including hand sanitizers.
·
Consumers nowadays are shifting
rapidly towards alternate products, namely, hand washes and soaps stoked by the
guidelines provided by prominent government bodies, such as the Centres of
Disease Control and Prevention (CDC).
·
There may be a delay in the
manufacturing of technologically innovative and organic personal care products.
Browse summary:
https://www.fortunebusinessinsights.com/impact-of-covid-19-on-hand-sanitizer-market-102719
Regional Analysis-
Rising Awareness about Personal Hygiene Productsin Many Regions to
Aid Growth
North
America procured USD 485.59 million in 2019 in terms of revenue and occupied
around 38% of the global market. As per one of our analysts, “The level of
exposure experienced by every region will vary.” Several factors are
responsible for the same. The governments of many countries are taking various
initiatives to reduce the impact of Covid-19 pandemic. Besides, the number of
awareness programs regarding personal hygiene products in rural areas, as well
as import & export activities would contribute to the varying levels of
impact of this pandemic worldwide.
Competitive Landscape-
Industries Shift towards Sanitizer Business to Cater to the
Growing Needs
The outbreak
of Covid-19 pandemic is resulting in the rapid shift of a large number of
companies, such as agriculture, beauty products, skincare, and liquor in producing
sanitizers to meet the increasing demand. Below are a couple of the most recent
industry developments:
·
April
2020: John Distilleries, a producer of distilled beverages
headquartered in Bengaluru, begun producing hand sanitizers at its distilleries
in Goa, Davanagere, and Bengaluru. Its main aim is to prevent the short supply of
the product owing to the Covid-19 pandemic. It has also planned to donate hand
sanitizers to healthcare institutes.
·
March
2020: The American liquor industry and craft breweries started taking
initiatives as the shortage of hand sanitizers is surging. They have paused the
manufacturing of beverages and have started producing sanitizers Some of the distilleriesare
selling their sanitizers to the masses to not only cater to the growing needs
but also to keep their staff paid. However, some other distillerieschose to
deliver their sanitizing products free of cost to businesses, critical
facilities, and first responders.
Request a
sample PDF ( includes COVID-19 Impact Analysis):
Fortune Business Insights™ lists out all the hand sanitizer companies
that are presently striving to reduce the impact of Covid-19 pandemic on the
market:
•
Reckitt Benckiser (U.K.)
•
Gojo Industry Inc. (U.S.)
•
Henkel AG & Company (Germany)
•
Himalaya Global Holdings Ltd. (India)
•
Unilever Plc. (U.K.)
•
Bacardi Limited (Bermuda)
•
CVS Health (U.S.)
•
Best Sanitizer Inc. (U.S.)
•
Proctor & Gamble (U.S.)
•
SC Johnson & Son, Inc. (U.S.)
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