Europe Hand Sanitizer Market - Forecast(2024 - 2030)

Hand Sanitizer Market size is projected to cross $2 billion by 2025, growing at a CAGR of 7.8% during the forecast period 2020-2025. Hand Sanitizer is an antiseptic disinfectant available in the form of a liquid, gel, foam and many others. It is said to be more effective than soaps due to its ability to eliminate most microorganisms. Public awareness campaigns by global health authorities such as the WHO (World Health Organization) also play a significant role in promoting the use of hand sanitizers. Increasing consumer awareness about hygiene coupled with such government initiatives are driving the hand sanitizer market.

Based on the Product Form, hand sanitizer is segmented into foam, gel, wipes, spray and others. Gel based sanitizer is dominating the market in 2019 by product form owing to the ease of handling and easy removal of germs. It is also preferred by environment conscious consumers who want to conserve water.

Based on the Application, hand sanitizer market is segmented into domestic/household, healthcare, educational institutions, restaurants, public and private organizations and others. Domestic/household segment is projected to be the fastest growing segment with a CAGR of 9.38% during the forecast period 2020-2025. This is owing to rising awareness among domestic consumers on the need of sanitizing to reduce the risk of diseases. There has been a shift in the use of these products from industrial application to household use.

North America dominates the hand sanitizer market and is generating a revenue of $492.8 million in 2019. The high use of sanitizers among the population here and in sectors such as hospitals and restaurants are contributing to the dominance of this region.

However, Asia-Pacific is estimated to grow faster with a CAGR of 12.60% during the forecast period. These countries are having rising health awareness and thus demand for such products are rising.