July 17, 2020
According to research report titled ‘Asia Pacific Hand Sanitizer Market Analysis, 2020’, available with Market Study Report LLC, Asia-Pacific hand sanitizer market is predicted to expand with a CAGR of 12.5% between 2020 and 2025.
Rising health cognizance and surging disposable income are major factors driving the growth of hand sanitizer market in Asia-Pacific. Increasing number of emergency and other healthcare facilities is also aiding the expansion of the market.
In terms of product form, the market is divided into wipes, liquid, foam, and gel. As per type, the market is segmented into alcohol free and alcohol based.
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The end-user landscape of the market includes home, education institutions, restaurants, hospitals, and others. The report states that hospitals segment accounted for a substantial share in the overall market in 2019 and is expected to grow significantly during the forecast period. Mounting number of healthcare facilities and rising adoption of hand sanitizers by nursing staff and doctors are fueling the segmental share. Moreover, the WHO (World Health Organization) guidelines for maintaining optimal hand hygiene in healthcare sector is favoring industry remuneration. Meanwhile, restaurants segment is also poised to accumulate commendable returns in the ensuing years.
From the regional point of view, Asia-Pacific hand sanitizer market is divided into Thailand, Singapore, Malaysia, Australia, South Korea, Japan, India, China, and others. Among these, the report states that China held a considerable market share in the year 2019 and is expected to showcase continuous growth during the forecast period. Evolving standards of living and rising per capita income are complementing the business outlook in the region.
On the other hand, countries including Australia, India and Japan are also contributing towards the growth of Asia-Pacific hand sanitizer market. Increasing health awareness have augmented the adoption of hand sanitizers in the regions.
The major companies formulating the competitive terrain of Asia-Pacific hand sanitizer industry are The Himalaya Drug Company, The Clorox Company, Kimberly- Clark Corporation, Amway, Henkel AG & Company KGaA, GOJO Industries Inc., Unilever, 3M Co., The Procter & Gamble Co. and Reckitt Benckiser Group plc among others.