December 16, 2020
As cited by the business intelligence document titled ‘Global Hand Sanitizer Dispenser Market Size study, by Type (Portable and Fixed), by Modality (Automatic and Manual), by End-User (B2B and B2C), and by Distribution Channel (Supermarket/Hypermarket, Online stores, Convenience Stores, and Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global hand sanitizer dispenser market accounted for USD 65.7 million in the year 2019 and is predicted to grow with a noteworthy CAGR of 13.6% during 2020-2027.
Industry analysts cite that increasing installation of the product across public and commercial establishments including washrooms, railway stations, and offices along with beneficial attributes such as user-friendliness and affordability are fostering the expansion of global hand sanitizer dispenser market.
For the record, hand sanitizer dispensers are hand cleansing units that generally stand individually or in combination with hygiene stations. They are available in several sizes, capacities, and operational modes.
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Escalating product demand amid the Covid-19 pandemic for preventing the transmission of the Coronavirus, rising prevalence of other infectious diseases, and introduction of manual and automatic sanitizer dispensers as well as other innovative products are positively swaying the market dynamics. Citing an instance, the WHO (World Health Organization) recorded around 574,464 deaths out of a total of 13,150,645 confirmed Covid-19 cases, as of July 2020.
On the contrary, high cost associated with the product is expected to impede the global hand sanitizer dispenser business development over the forecast period.
Based on type, global hand sanitizer dispenser market is divided into fixed, and portable. With regards to modality, the overall industry is split into manual, and automatic. The end-user terrain of the market comprises of B2B (business to business), and B2C (business to consumer). Speaking of distribution channel, the business is fragmented into convenience stores, online stores, hypermarket/supermarket, and others.
From a regional point of view, global hand sanitizer dispenser industry is bifurcated into Latin America, Europe, North America, and Asia-Pacific. Among these, North America is anticipated to emerge as a major revenue generator for the overall market by 2027, owing to high concentration of market players in the region along with increasing prevalence of infectious diseases.
Alternatively, Asia-Pacific hand sanitizer dispenser market size is estimated to register the highest CAGR over the forecast period, on account of rising product adoption across commercial establishments, and favorable government initiatives towards preventing the transmission of infectious diseases.
Top companies that define the competitive landscape of worldwide hand sanitizer dispenser market sphere are Walex Products Company, Inc., Dihour, The Clorox Company, GOJO Industries, Inc., Toshi Automatic Systems Pvt. Ltd., simplehuman, Shenzhen Svavo Intelligent Technology Co. Ltd., Hokwang Industries Co. Ltd., Bright Pancar Sdn Bhd, and American Specialties, Inc. among others.