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Classified in: Covid-19 virus
Subject: MRR

USD 3.05 billion Potential Growth in Hand Hygiene Market Size | 17,000+ Technavio Reports


NEW YORK, May 16, 2022 /PRNewswire/ -- The latest market outlook report titled "Hand Hygiene Market by End-user and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's catalog. This recent market analysis report identifies the market to witness a potential growth difference of USD 3.05 billion from 2021 to 2026. The hand hygiene market is anticipated to record an accelerating growth momentum at a CAGR of 7.73% during this period.

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Parent Market Overview

Technavio categorizes the hand hygiene market as a part of the global personal products market. The parent market, the global personal products market, covers products and companies engaged in research and development (R&D) and production of personal and beauty care products, including cosmetics and perfumes.

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Market Competitive Landscape

The hand hygiene market is fragmented, and the vendors are deploying growth strategies such as product innovations to compete in the market. Some of the key players covered in this report include 3M Co., Colgate Palmolive Co., EcoHydra Technologies Ltd., Godrej and Boyce Manufacturing Co. Ltd., GOJO Industries Inc., Kimberly Clark Corp., Kutol Products Co., Medline Industries Inc., Neogen Corp., Reckitt Benckiser Group PLC, S.C. Johnson and Son Inc., Skinvisible Pharmaceuticals Inc., The Clorox Co., The Procter and Gamble Co., Unilever PLC, Cleenol Group Ltd., B4 Brands, Kiilto Family Group, Paul Hartmann AG, and Vi Jon Inc., among others.

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Strategic Initiatives and Products launches

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Increasing use of skin-safe products to Boost the Market Positively

Many vendors are offering hand hygiene products that are made from organic ingredients, which keep the hands soft and supple. For instance, Crown offers Dermalux natural hand washes, which are made specifically for sensitive and dry skin. Thus, the increasing demand for skin-safe products is expected to drive market growth during the forecast period.

Growing consumer awareness about the toxicity of chemical ingredients likely to hinder the market growth

Most sanitizers use alcohol as an essential ingredient. However, it dries the skin and enables bacteria to multiply. Hand hygiene products also contain triclosan or triclocarban, which are agents that kill both bad and beneficial bacteria. The presence of sodium lauryl sulfate (SLS) in most hand hygiene products can lead to cell membrane damage and loss of hair. All these factors pose a challenge to the growth of the global hand hygiene market during the forecast period.

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COVID Impact and Recovery Analysis

The demand for hand hygiene products increased in APAC owing to the outbreak of diseases such as COVID-19 in different countries. The outbreak of COVID-19 in 2020 had a severe impact on the health and well-being of the people in different countries in APAC, such as India, China, South Korea, and Malaysia. This increased the demand for hand sanitizers in 2020.

View report snapshot to learn more about the pandemic impact on the market and the industry

Market Segmentation

By end-user, the market has been segmented into commercial, industrial, and residential. The commercial segment will have significant market share growth during the forecast period. The significant rise in the demand for hand hygiene products from hospitals and the hospitality industry will drive the market growth through this segment.

By geography, the market has been segmented into APAC, North America, Europe, South America, and Middle East and Africa. APAC will account for 34% of the market's growth during the forecast period. The high risk of contagious diseases turning epidemic will drive the hand hygiene market growth in APAC during the forecast period.

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Key Report Takeaways

Related Reports

Home Healthcare Services Market by Application and Geography - Forecast and Analysis 2022-2026

Personal Care Chemicals Market by Product and Geography - Forecast and Analysis 2022-2026

Hand Hygiene Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.73%

Market growth 2022-2026

USD 3.05 billion

Market structure

Fragmented

YoY growth (%)

5.3

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Colgate Palmolive Co., EcoHydra Technologies Ltd., Godrej and Boyce Manufacturing Co. Ltd., GOJO Industries Inc., Kimberly Clark Corp., Kutol Products Co., Medline Industries Inc., Neogen Corp., Reckitt Benckiser Group PLC, S.C. Johnson and Son Inc., Skinvisible Pharmaceuticals Inc., The Clorox Co., The Procter and Gamble Co., Unilever PLC, Cleenol Group Ltd., B4 Brands, Kiilto Family Group, Paul Hartmann AG, and Vi Jon Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: https://www.technavio.com

SOURCE Technavio


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