The Europe Hand Sanitizer Market is expected to record a compound annual growth rate (CAGR) of about 32.5% during the forecast period of 2023-2028, owing to factors such as increased promotion of good hygiene practices and the use of sanitizers in this area.
Hand sanitizer is an antiseptic solution that can be used as a substitute for water and soap to avoid the spread of infection that is caused by hand transmission. This transmission can cause several diseases like nosocomial food-borne illness and others.
Market Drivers:
One of the major driving factors that help the growth of the European hand Sanitizer market is the increasing preventive measures by the customers regarding the maintenance of personal hygiene which helps the market to grow further in this area.
Unprecedented growth in the number of cases in the Europe region due to the coronavirus is another major factor in the development of the Europe Hand Sanitizer market.
The announcement from the World Health Organization to use alcohol-based hand sanitizer to fight against coronavirus is also one of the major growth factors of the Hand Sanitizer market in the Europe region.
Market Challenges:
Health hazards associated with chemical ingredients that were used in the hand sanitizers, and the availability of cheap and duplicate hand sanitizers are the major growth-affecting factors in the Europe Hand Sanitizer market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
32.5% |
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Segments Covered |
By Product, End-use, Distribution Channel, and Region. |
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Various Analyses Covered |
Global, Regional, and country Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
Germany, Italy, France, United Kingdom. |
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Market Leaders Profiled |
Best Sanitizers Inc, Kutol, GOJO Industries Inc, Vi- Jon, Chattern Inc, Unilever, Henkel AG and Company, Reckitt Benckiser group Plc, Procter and Gamble, The Himalaya Drug Company and Others. |
Market Segmentation:
Foam
Spray
Other products
The gel-based products segment holds the major share of the market among the other segments as these are easily available in the market and also it requires less time to eradicate the germs more effectively than any other segment. Among the other segments, the foam-based segment is expected to increase the market value as they immediately cling to hands while applying and these are smaller than compared to gel or spray pumps, which will act as a convenient option for consumers.
Among these, the departmental store segment holds the major share of the market since most of the customers prefer to purchase from stores such as supermarket and hypermarkets because these stores provide lucrative discounts to the users that helps the business to expand.
Market Regional Analysis:
In Europe, the market for hand sanitizers has a lucrative growth with increases in the number of corona cases across the region and also increasing initiatives taken up by the government for the wellness of people, which is likely to promote the growth of the European hand sanitizers market in future.
Various sectors like restaurants, manufacturing units, flights, and traveling have been impacted badly due to the coronavirus and so many sectors are forced to halt their services. This pandemic has affected the business by directly impacting the manufacturing, supply chain, and market disruption and by financial losses. The government authorities have already lifted the lockdown in most countries and also given permission for manufacturing companies to start their businesses with strict rules and regulations., Europe Hand Sanitizer market has increased at an impeccable rate during the coronavirus pandemic as there is an increasing awareness activity by the government authorities regarding hygiene conditions and increased cases of coronavirus in nations like Italy, UK, etc. Furthermore, increasing usage of hand sanitizers since there is an increase of hygiene conditions by the customers propels the growth of the market of hand sanitizers in this area. As per the analysis, industry experts are predicting that the market will increase much further with increasing cases of COVID-19 in this locale.
Market Key Players:
Frequently Asked Questions
The Europe Hand Sanitizer Market is expected to grow with a CAGR of 32.5% between 2023-2028.
The Europe Hand Sanitizer Market size is expected to reach a revised size of US$ xx billion by 2028.
Kutol, GOJO Industries Inc, and Vi- Jon are the three Europe Hand Sanitizer Market key players.
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