Asia Pacific Hand Sanitizer Market: Key Drivers, Challenges and Trends by 2026

Andrew M. Santos

The MarketWatch News Department was not involved in the creation of this content.

Jan 22, 2021 (Market Insight Reports) —
Selbyville, Delaware According to a recent study titled ‘Asia Pacific Hand Sanitizer Market Growth By Composition, Type, Distribution Channel, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, Asia Pacific hand sanitizer market size is projected to reach a valuation of USD 770 million by the year 2026.

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Based on type, foam based sanitizer accounted USD 36 million in 2019 and is likely to record strong growth going forward. Unlike gel-based hand sanitizer, foam sanitizers remain in the hands during application and are 10 times more effective in eliminating germs as compared to its counterparts, thus, are witnessing an increased demand. In addition, this product offers better protection against germs as it gently rolls over the skin to provide full coverage of the application site.

In terms of composition, alcohol-free segment capture 7% of Asia Pacific hand sanitizer market share in 2019. Benefits like reduced thermal susceptibility and non-damaging properties are driving the demand for alcohol-free hand sanitizers. On the contrary, limited consumer preference for these products as they do not dry out quickly, produce little foam on rubbing hands, have no fragrance, and are water-based, negatively impacts the segment growth.

Elaborating on the distribution channel, Asia Pacific hand sanitizer industry from retail segment is projected to record -2.5% CAGR over the stipulated timeframe. The retail segment is further segmented into convenience stores, pharmaceutical stores, and supermarkets. Better convenience to customers and growing presence of retail stores in APAC are the fueling the segment growth. Moreover, pharmaceutical stores will contribute significantly to the industry remuneration owing to availability of hand rubs which are used by general public as well as healthcare personnel.

Considering the regional outlook, Japan represented 27% of Asia Pacific hand sanitizer market share in 2019 and expected to witness modest gains during the assessment period. Growing cognizance about hygiene, introduction of novel product by leading layers, and distribution of hand sanitizer in hospitals and other healthcare settings to control the spread of coronavirus are driving the regional industry growth.

Leading players influencing Asia Pacific hand sanitizer industry trends are The Himalaya Drug Company, Reckitt Benckiser Group plc, PZ Cussons plc, ITC Ltd., GOJO Industries, Inc., Paul Hartmann AG, Ecolab, Inc., DEB Group Ltd. (acquired by S.C. Johnson & Son, Inc.), Godrej Group, Bath & Body Works Direct, Inc., and 3M Company.

Questions & Answers: Asia Pacific Hand Sanitizer Market

Q1: What are the key growth determinants of Asia Pacific hand sanitizer market?

A: rising public awareness about personal hygiene, along with increasing government initiatives towards promoting sanitization practices due to rapid spread of coronavirus are fueling Asia Pacific hand sanitizer market growth.

Q2: How is Japan accelerating Asia Pacific hand sanitizer market expansion?

A: Growing cognizance about hygiene, introduction of novel product by leading layers, and distribution of hand sanitizer in hospitals and other healthcare settings across Japan are improving the growth prospects of Asia Pacific hand sanitizer industry.

Q3: Which are the major companies in Asia Pacific hand sanitizer market?

A: Leading players influencing Asia Pacific hand sanitizer industry trends are The Himalaya Drug Company, Reckitt Benckiser Group plc, PZ Cussons plc, ITC Ltd., GOJO Industries, Inc., Paul Hartmann AG, Ecolab, Inc., DEB Group Ltd. (acquired by S.C. Johnson & Son, Inc.), Godrej Group, Bath & Body Works Direct, Inc., and 3M Company.

Complete Report At: https://www.marketstudyreport.com/reports/asia-pacific-hand-sanitizer-market-statistics?utm_source=Marketwatch.com&utm_medium=SHR

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