COVID-19 Recovery Analysis: Sanitizer Market | Increase In Hygiene Consciousness to boost the Market Growth | Technavio
Technavio has been monitoring the sanitizer market and it is poised to grow by $ 12.59 bn during 2020–2024, decelerating at a CAGR of almost 55% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Godrej Consumer Products Ltd., GOJO Industries Inc., L Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., The Clorox Co., The Procter & Gamble Co., Unilever Group, and Vi-Jon Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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An increase in hygiene consciousness has been instrumental in driving the growth of the market. However, health risks associated with the use of sanitizers might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Sanitizer Market 2020–2024: Segmentation
Sanitizer Market is segmented as below:
- Product
- Hand Sanitizer
- Food Contact Surface Sanitizers
- Geography
- North America
- Europe
- APAC
- South America
- MEA
Sanitizer Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sanitizer market report covers the following areas:
- Sanitizer Market Size
- Sanitizer Market Trends
- Sanitizer Market Industry Analysis
This study identifies the introduction of new products as one of the prime reasons driving the sanitizer market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
