Though the world is experiencing the catastrophe of the international pandemic COVID 19, still many markets such as hand sanitizers are expected to bear the aftershocks surging its overall market around the world.
We humans have always faced problems and prevented them by making wiser decisions. Due to this nature, we have successfully laid the foundation of new technological advancements despite the eruptions of many problems. The world has been experiencing the pandemics since ages. Whether it is H1N1 Swine flu, Influenza, Bird flu or the current one COVID 19 Coronavirus disease. All these diseases have led many lives in danger around the world. But the human minds have found out many solutions in which the diseases can be controlled and prevented. Currently, the Coronavirus diseases are spreading across the world at its fastest pace. The Coronavirus is a respiratory disease that attacks the respiratory organs with symptoms of the common cold such as coughing. The disease spreads through contact with an infected person or object by means of touching. Hence, hands are a primary source of this disease transmission. In order to prevent the disease from spreading, the World Health Organization recommends to maintain hand hygiene.
World Health Organization (WHO) is actively working towards the prevention of the disease. As per the report by the world health organization, more than 20,00,000 cases are confirmed across the worldwide with a death rising more than 1,00,000. This is a frightening fact for the world as it shows the intensity of the disease. The disease is continually spreading as a result of which, many nations have imposed lockdowns and kept their people in isolation. Moreover, WHO has all released an advisory to maintain hand hygiene by usage of products such as hand sanitizers. The hand sanitizers are available in many forms such as gel, liquid, spray and foam-based. Apart from these, global markets also have products such as hand sanitizing wipes which are also gaining the demand day by day. All the hand sanitizers are basically alcohol-based or non-alcohol based. The alcohol based are proven to be effective to kill an average of 99.99% of the germs present on the hands. Hence, the World Health Organization has shown the formulations and manufacturing procedure of the alcohol-based hand sanitizers. Due to the encouragement by WHO, people around the world have started using the hand sanitizers as a necessity product, which will in return affect its global market in the future.
According to the report entitled “Global Hand Sanitizer market by segment (Alcohol & Non-alcohol), by Product (Gel, liquid, foam, spray, others-hand sanitizing wipes), by company (Reckitt Benckiser, Procter & Gamble, The Himalaya Drug Company, etc.), by Region (North America, South America, Europe, Asia Pacific, Middle East & Africa), by country (USA, China, Japan, Germany, UK, France, India, etc.), by Sales channel (Pharmacy stores, departmental stores, online stores), market overview, 2020-2025. ”, published by Bonafide Research, the Global hand sanitizer market is expected to achieve a market value of US $ 8.09 billion by the end of the year 2025. The market is expected to grow with a consistent market growth value at a compounded annual growth rate (CAGR) of more than 2% in the next five years. As per Vedant Pandya, Research Analyst at Bonafide Research, “The global hand sanitizer market is growing at a considerable rate during the few years as people have become more conscious about their hygiene. The global markets are available with new trends and their respective products which have attracted the people around the world to buy them. Moreover, the outbreak of the international pandemic Covid 19 in the year 2020 has increased the demand for the hand sanitizers in the global markets as they are widely used by the health professionals. Apart from these, many companies have started manufacturing and donating the hand sanitizers which is expected to bring awareness among the people. Thus, increasing the demand for hand sanitizers in the global markets.”
In order to help the society, many companies have started manufacturing the hand sanitizers apart from their regular production. Moreover, they are also donating the hand sanitizers in medical institutions such as hospitals, clinics, maternity homes, nursing homes and other such medical centers. Companies such as BASF, Perrigo, Firmenich, Loreal, LVMH, Coty, Inc., etc. are donating hand sanitizers to the person in need in order to spread the awareness of hand hygiene during the times of Catastrophe.