Market Forecast By Product Type (Non-Alcohol Based, Alcohol Based), By Product Form (Gel, Foam, Spray & Others), By Distribution Channel (Online, Offline), By End Users (Healthcare, Domestic Household, Educational Institution, Hospitality & Others (Public & Private offices, Retail, Transportation, etc.)) and competitive landscape
|Product Code: ETC002039||Publication Date: Jul 2022||Updated Date: Nov 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
China Hand Sanitizer Market registered a decline of -21.3% in value shipments in 2022 as compared to 2021 and an increase of 11.1% CAGR in 2022 over a period of 2017. In Hand Sanitizer Market China is becoming more competitive as the HHI index in 2022 was 935 while in 2017 it was 1065. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
China has reportedly relied more on domestic production to meet its growing demand in Hand Sanitizer Market. China is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Hand Sanitizer Market in 2022 was 0.47 while in 2017 it was 1.78. USA, United Kingdom, Germany, Japan and Singapore were among the top players of the market in 2022, where USA acquired the largest market share of 17.27% with a shipment value of 32.57 million USD in 2022 USA also offered the product below the average market price thus having a competitive advantage over others In 2017 Germany had the largest market share of 15.54% with the shipment value of 20.32 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Germany price is lower than the average price, it provided a significant edge among other competitor in 2017.
China hand sanitizer market report thoroughly covers the market by product type, product form, distribution channel, and end-users. China hand sanitizer market outlook report provides an unbiased and detailed analysis of the ongoing China hand sanitizer market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
China hand sanitizer market is expected to register significant growth over the coming years. The healthcare sector in China is growing considerably driven by an aging population, digitalization, consumer behavior, and better private sector offerings. People are now more conscious about maintaining personal hygiene and health conditions. Also, hand sanitizers come in handy as it kills germs effectively and is convenient to use. These are some of the factors driving the hand sanitizer market in China.
According to 6Wresearch, The China Hand Sanitizer Market size is anticipated to register healthy growth during 2020-2026. Mainland China emerged as the epicenter of the global Corona Virus pandemic and as the country witnessed a surge in the number of COVID-19 positive cases from Jan- March, more people started to ‘Panic-Buy’ the hand sanitizers as a defense to fight the virus spread. More cautious steps about maintaining sanitation at workplaces, industries, and hospitals, and offering hand sanitizers at a discounted rate to citizens across several Chinese provinces have been taken by the government in recent months. Public hospitals are expected to hold a dominant role in China’s hand sanitizer market, increased emphasis on quality of life and health services would accelerate the demand for hand sanitizer in the country over the years.
China hand sanitizer market is estimated to witness impressive growth in the upcoming six years backed by the rising wide scope of product acceptance across all major verticals including the healthcare and commercial sectors. Further, the increase in the aging population in the country has led to stipulate to keep preventive measures available in the household and hand sanitizers being an ideal product, especially at times Coronavirus prevalence and is estimated to instigate the use of hand sanitizers in the household and is expected to proliferate the hand sanitizer market growth in China. Also, the reopening of commercial sectors in the country is estimated to continue the swashbuckling growth DFofor hand sanitizer due to rising concerns regarding coronavirus. In line with this, the massive demand for hand sanitizer in the country due to the aforementioned factors above is estimated to achieve optimal growth of the China hand sanitizer market in the forthcoming years.
Surging disposable income coupled with improvement in lifestyle is driving the demand for hygiene products which is further boosting the China Hand Sanitizer Market Growth. Moreover, the increasing usage of hand care products coupled with increasing fatalities in Wuhan due to the spread of the pandemic contributed to the development of the Hand sanitizer industry in China. Rising prevalence of chronic diseases like influenza, common cold, tuberculosis, and novel coronavirus. And one of the reasons is the rising consumption of unhygienic street food causes bad bacterial infections proliferating the China Hand Sanitizer Market Share.
By product type, alcohol-based sanitizer accounted for the dominant market share in the overall China hand sanitizer market. Such hand sanitizers with more than 70% alcohol content are more effective in providing defense against the COVID-19 virus. Thus, the hygiene product manufacturers are ramping up the production of alcohol-based sanitizers to cater to the sudden surge in the hand sanitizer demand.
Moreover, based on type, the gel-based hand sanitizer is expected to gain the highest growth projections in the coming time zone on the back of an increase in its portability and cost along with the cleaning aid provided by the same. Further, rising discretionary spending in purchasing personal care products, especially hand sanitizer, as a result of increased concerns for hygiene and well-being is expected to bolster the progressive growth of the China hand sanitizer market in the year ahead.
The China hand sanitizer market report provides a detailed analysis of the following market segments:
|TABLE OF CONTENTS|
|1. Executive Summary|
|2.1. Report Description|
|2.2. Key Highlights of The Report|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. China Hand Sanitizer Market Overview|
|3.1. China Hand Sanitizer Market Revenues, 2016-2026F|
|3.2. China Hand Sanitizer Market Revenue Share, By Product Type, 2019 & 2026F|
|3.3. China Hand Sanitizer Market Revenue Share, By Product Form, 2019 & 2026F|
|3.4. China Hand Sanitizer Market Revenue Share, By Distribution Channel, 2019 & 2026F|
|3.5. China Hand Sanitizer Market Revenue Share, By End Users, 2019 & 2026F|
|3.6. China Hand Sanitizer Market-Industry Life Cycle|
|3.7. China Hand Sanitizer Market-Porter’s Five Forces|
|4. China Hand Sanitizer Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. China Hand Sanitizer Market Trends|
|6. China Hand Sanitizer Market Overview, By Product Type|
|6.1. China Hand Sanitizer Market Revenues, By Non-Alcohol Based, 2016-2026F|
|6.2. China Hand Sanitizer Market Revenues, By Alcohol-Based, 2016-2026F|
|7. China Hand Sanitizer Market Overview, By Product Form|
|7.1. China Hand Sanitizer Market Revenues, By Gel, 2016-2026F|
|7.2. China Hand Sanitizer Market Revenues, By Foam, 2016-2026F|
|7.3. China Hand Sanitizer Market Revenues, By Spray, 2016-2026F|
|7.4. China Hand Sanitizer Market Revenues, By Others, 2016-2026F|
|8. China Hand Sanitizer Market Overview, By Distribution Channel|
|8.1. China Hand Sanitizer Market Revenues, By Online, 2016-2026F|
|8.2. China Hand Sanitizer Market Revenues, By Offline, 2016-2026F|
|9. China Hand Sanitizer Market Overview, By End Users|
|9.1. China Hand Sanitizer Market Revenues, By Healthcare, 2016-2026F|
|9.2. China Hand Sanitizer Market Revenues, By Dometic Household, 2016-2026F|
|9.3. China Hand Sanitizer Market Revenues, By Educational Institution, 2016-2026F|
|9.4. China Hand Sanitizer Market Revenues, By Hospitality, 2016-2026F|
|9.5. China Hand Sanitizer Market Revenues, By Others, 2016-2026F|
|10. China Hand Sanitizer Market Key Performance Indicators|
|11. China Hand Sanitizer Market Opportunity Assessment|
|11.1. China Hand Sanitizer Market Opportunity Assessment, By Product Type, 2026F|
|11.2. China Hand Sanitizer Market Opportunity Assessment, By Product Form, 2026F|
|11.3. China Hand Sanitizer Market Opportunity Assessment, By Distribution Channel, 2026F|
|11.4. China Hand Sanitizer Market Opportunity Assessment, By End Users, 2026F|
|12. China Hand Sanitizer Market Competitive Landscape|
|12.1. China Hand Sanitizer Market Competitive Benchmarking, By Operating & Technical Parameters|
|12.2. China Hand Sanitizer Market Revenue Share, By Companies, 2019|
|13. Company Profiles|
|14. Key Strategic Recommendations|