According to the latest report by IMARC Group, the global hand sanitizer market reached $1.2 billion in 2019. The market is predicted to exhibit strong growth from 2020 to 2025, and one of the key factors driving this market growth is the COVID-19 pandemic.
The sudden spike in demand for this household item caused a wave of change across industries linked by chemical distributors around the world. As consumer demand rapidly increased, many manufactures, chemical suppliers and B2C companies pivoted their strategies to produce hand sanitizer products.
Normal containers and ingredients became less available, and companies put hand sanitizer in creative and unusual cartons and containers in a rush to get products to the public. Hand sanitizer took on many different forms, shapes and smells, appearing in plastic car oil containers and plastic boxes, without the classic airless pump. Companies that hadn’t previously sold hand sanitizer rose to the occasion. Forbes noted that distilleries across the U.S. and renowned cosmetics and personal care brands like Paul Mitchell started selling hand sanitizer to consumers.
Even as the country gradually opens up and eases quarantine restrictions, the market for hand sanitizer does not show signs of returning to normal. The COVID-19 pandemic led to an increased emphasis on personal hygiene, and people have formed new habits that include hand washing and hand sanitizer.
While little is still known about treatment for the causal virus SARS-COV-2, the World Health Organization encourages regular hand washing as this can reduce the virus’ spread. Hand sanitizer is a more convenient option than hand washing and is available in gentler, milder product formulations than some soaps.
The most popular hand sanitizer products come in gels, foam, liquid and spray forms, and hand sanitizer’s largest customers include hospitals, restaurants and schools, with department stores as one of the most common channels to market.
As a specialty chemical supplier, we offer premium hand sanitizer ingredients including ethanol and isopropyl alcohol. If you’re looking to formulate with the best ingredients, contact our experts today at [email protected] to request a sample.