According to BlueWeave Consulting, the Global Hand Hygiene Market is expected to reach USD 9.03 billion by 2026 from USD 2.17 billion in 2019, at a CAGR of 22.6 % during the projected period. Rising health concerns and the mounting popularity of the hand wash and sanitizer products are expected to boost the overall hand hygiene market over the forecast period. An increasing number of extremely infectious diseases such as Ebola, H1N1 as well as COVID-19 and many others have caused in generating awareness regarding benefits of health hygiene aspects. The eruption of a global pandemic COVID-19 has led to significant demand for hand hygiene products. More and more players are now interested in entering this market due to tremendous opportunities assuring ROI.
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Hand hygiene products include hand sanitizers, soaps, hand washes, and many more. Hand wash and hand sanitizers are more pertinent in the market due to their ease of use, convenient availability and effectiveness in killing harmful bacteria. Liquid hand wash is a mix of fragrance, water, triclosan, detergent, and moisturizers, which serve as a germ guard and keep away from infections. In contrast, hand sanitizers contain a high amount of alcohol, which kills 99% germs after rubbing it on hands.
The Global Hand Hygiene Market is divided into two parts- The residential segment and Commercial segment based on End-user. The commercial segment is subdivided into Hospitals & Health Centers, Educational Institutions, Hotels & Restaurants, Corporate Offices Others (Commercial Areas such as recreational areas, Malls, etc.), Industrial. The Commercial segment comprising hotels, hospitals and others is expected to witness the most substantial growth during the projected period. Other commercial entities such as educational institutions, corporate offices, shopping complexes etc. are anticipated to increase the use of hand hygiene products as a preventive measure. Overall, significant demand will be raised from this segment during the projected period.
Hand hygiene has gained prominence because of the prevalence of COVID-19 and other diseases. It has become the most vital component of personal care, creating a lucrative market for sanitizers and handwash. Moreover, governments and multiple health organizations endorse the practice of maintaining hand-hygiene with the use of hand-care products to avoid health issues amid the population. For instance, the WHO and FDA have taken initiatives to spread awareness about hand hygiene and the risks of not upholding the hygiene.
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The leading companies in this market are Reckitt Benckiser Group plc, Procter and Gamble, The Himalaya Drug Company, GOJO Industries, Inc., Henkel AG and Company, Unilever, Vi-Jon, Chattem, Inc., Best Sanitizers, Inc., Kutol and others.
