The global market report on hand-hygiene products has been discussed on the basis of factors that can impact the market in the coming days. Market Research Future (MRFR) revealed that the market could cash on the growing demand for the product to battle a crisis like COVID-19 pandemic. This will impact the common psyche as well due to which this intake will grow in the coming years. In fact, in commercial areas, the use of this becoming the new norm, which will inspire the market growth. Also, several companies that were not involved in the market have started producing it. This will open up the market for good.
The market is slated to bank on a CAGR of 6.4% from 2019 to 2025 (forecast period).
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Segmentation:
The global study on the market of the hand-hygiene product has been segmented on the basis of product type, end use, and distribution channel to get a comprehensive picture of the market. MRFR experts dug deep to reveal information that is backed by charts, graphs, and figures.
By product type, the global market report on the hand-hygiene market has been segmented into hand wash, hand sanitizer, lotions & creams, and others. The ‘others’ segment includes hand cleansers, rubs, etc. The hand sanitizer segment is witnessing the highest demand, which will help it garner the maximum market revenue during the forecast period.
By end use, the global market report on the Hand Hygiene Products Market Size has been segmented on the basis of residential and commercial. The commercial segment is expected to create more demand due to the rising intake from health centers and hotels.
By distribution channel, the market report has been segmented into store-based and non-store-based. The store-based segment includes supermarkets & hypermarkets, convenience stores, and others. The supermarkets & hypermarkets earned maximum revenue in 2018.
Regional Analysis:
Europe is known for its domination in the hand-hygiene market and due to the outbreak of the pandemic, the intake of products has grown multifold. In North America and Asia Pacific, the intake of such products would be massive due to the massive population.
Competitive Landscape:
Smith & Nephew plc (UK), Reckitt Benckiser Group Plc (UK), Unilever Group (UK), C. Johnson & Son, Inc. (US), 3M (US), Procter & Gamble Co. (US), Kimberly-Clark Corporation (US), GOJO Industries, Inc. (US), Whiteley Corporation (Australia), Medline Industries, Inc. are some of the major companies involved in the global hand-hygiene products market. The recent boost in the market regarding the intake of hand sanitizers has triggered a substantial change in the strategic policies. These companies are now focusing on a hike investment for research and development policies and devising plans for better market support in terms of branding and launching.
Industry News:
After the COVID-19 crisis, Apple announced that it added a new feature in its Apple iWatch to ensure the user of it gets timely alerts regarding hand sanitizing. This new feature will keep track of the time between hand washes and vibrate to inform the user about getting his hands cleaned. However, they have also said that research is going on to make this feature better and more effective.
MicroGo recently announced that its latest product GOassure is getting significant traction from several cities and airports across India. Their product is IoT-enabled and they installed their first machine at Chennai airport, followed by a series of installation scheduled in Pune, Kolkata, Hyderabad, and other cities. Since March 2020 this year, they have already installed more than 180 machines in several cities.
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Note : Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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