Asia-Pacific hand sanitizer market valued USD 420.0 million in 2019 and is predicted to grow to USD 1,265.0 million by 2025, registering a CAGR of 18.7% during the forecast period (2020–2025): VynZ Research
Industry Insights by Product (Foam, Gel, Liquid, Others), by Distribution Channel (Specialty Store, Hypermarket & Supermarket, Online, Drugs Store), by End User (Hospitals, Corporates, Military, Restaurants, Others)
NEW YORK, May 23, 2020 (GLOBE NEWSWIRE) -- From USD 420.0 million in 2019, the is predicted to grow to USD 1,265.0 million by 2025, registering a CAGR of 18.7% during the forecast period (2020–2025). The key factors boosting the growth of the market are rising awareness regarding the health and hand hygiene, new fragrance launched in hand sanitizer industry, increasing demand of products which helps in protecting against life threatening disease, changing lifestyle, and sudden outbreak of COVID-19.
Major players in the hand sanitizers market are rapidly accentuating efforts in order to fulfill the demand of these products such as Hindustan Unilever and Reckitt Benckiser and are thus stimulating consumers to maintain basic hand hygiene by adhering to various initiatives and spreading awareness. The key players are including natural and organic ingredients in the manufacturing of hand sanitizers to eradicate the restraints of this product.
The hypermarket & supermarket division, under the distribution channel segment, would hold the largest share in the Asia-Pacific hand sanitizer market in 2019
On the basis distribution channel, the Asia-Pacific hand sanitizer market is segmented into specialty store, hypermarket & supermarket, online, and drugs store. The hypermarket & supermarket division, under the distribution channel segment, would hold the largest share in the Asia-Pacific hand sanitizer market in 2019. This is because, as this channel provides quick access to the hand sanitizers as ...
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