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: ETC002040||Publication Date: Aug 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
India Hand Sanitizer Market registered a decline of -29.92% in value shipments in 2022 as compared to 2021 and an increase of 0.67% CAGR in 2022 over a period of 2017. In Hand Sanitizer Market India is becoming more competitive as the HHI index in 2022 was 2179 while in 2017 it was 7607. 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. India has reportedly relied more on domestic production to meet its growing demand in Hand Sanitizer Market.
India 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 0.06 while in 2017 it was 0.52. Malaysia, Germany, Switzerland, USA and China were among the top players of the market in 2022, where Malaysia acquired the largest market share of 36.53% with a shipment value of 1.59 million USD in 2022 Malaysia also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Hand Sanitizer Market. In 2017 Germany had the largest market share of 87.01% with the shipment value of 5.18 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 Germanyprice is lower than the average price, it provided a significant edge among other competitor in 2017.
India hand sanitizer market report thoroughly covers the market by product type, product form, distribution channel, and end-users. India hand sanitizer market outlook report provides an unbiased and detailed analysis of the ongoing India 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. The report also includes market segmentation of hand sanitizer.
India Hand Sanitizer Market has seen significant growth in recent years, driven by rising awareness about the importance of hand sanitation and the spread of COVID-19. The market is expanding and developing through the expansion of production capacities to meet the increased demand for hand sanitizers. Companies are introducing new hand sanitizers with advanced formulas and unique packaging to attract consumers. With growing concerns about plastic waste and environmental pollution, some companies are focusing on eco-friendly hand sanitizers made from organic materials. The export market for hand sanitizers in India has also seen a significant increase with increasing demand for the product.
The government has also taken several initiatives such as subsidies and tax exemptions to promote the production and use of hand sanitizers which is stimulating the Hand Sanitizer Market Size in India. The sector is amongst the most efficient sectors in the country and it will rise more in the coming years.
The sanitizer market in India is expected to continue its growth trajectory in the coming years. The major reasons for this growth are increasing awareness about the importance of proper hygiene and the prevailing COVID-19 pandemic. Moreover, urbanization has led to an increase in the number of people living in cities, who are more prone to illnesses due to the fast-paced lifestyle, thereby driving the demand for hand sanitizer industry in India. The sector in India is accomplishing more growth and it will continue to accomplish more growth in the years to come.
India hand sanitizer market is expected to register significant growth over the coming years owing to factors such as rising awareness about hygiene and sanitation, government initiatives, and improvement in the living standard of people. Hand sanitizers are preferable over soaps due to their convenience of use and portability. Also, hand sanitizers could kill germs effectively while maintaining the moisture and essential oils in the skin adding an advantage to the growth of the hand sanitizer market in India. Further, the COVID-19 outburst in India resulted in exponential growth in the demand for hand sanitizers during February and March and the months later on.
According to 6Wresearch, India Hand Sanitizer Market size is anticipated to register growth during 2020-2026. After the Corona Virus outbreak in the country, several small to large companies started manufacturing and selling hand sanitizers. In the month of February, hand sanitizers witnessed significant growth. On account of this unprecedented rise in the demand for hand sanitizers and to ensure steady availability of such products, the government of India capped the prices and pronounced hand sanitizers an essential commodity. All this bodes well for the robust growth in the hand sanitizer market in India in 2020 and is expected to leave a positive impact on the market growth in the near term as well. India is the target market for hand sanitizer after the spread of the pandemic. The surging demand for sanitizers by preventing (HAIs) hospital-acquired infections providing healthcare investments, and the high-end safer medical environment by healthcare professionals in the medical sector are contributing to the India Sanitizer Market Share.
The Outbreak of the Corona Virus in India has left a positive impact on the growth of Hand Sanitizers in the country No doubt, that the COVID-19 pandemic has contributed to increased growth in the demand for hand sanitizers backed by the rising hygiene concerns and parameters to be followed displayed by the health advisory of the country to contain the spread of the disease. This demand-side parameter has left a positive impact on the sanitizer manufacturers who have not only gained significant revenue growth in the market but are also been backed by the benefit of capping the product at a high price as the world health organization declared the product as an essential deal of use. The improved product quality and the availability of the product by varied distribution channels online and offline for the hand sanitizers in India are expected to benefit the Indian hand sanitizer market and garner potential revenues in the coming years.
Backed by the positive aspects for growth that the hand sanitizers are upholding, many paint manufacturers and chemicals manufacturers and taking the advantage of the situation to diversify their business product line in the manufacturing of sanitizers which is anticipated to leave a positive impact on the market goodwill of their brand and assist these brands with promising growth in the foreseeable future.
India hand sanitizer has been contributing to popularity in the country owing to the rising exponential growth of the healthcare sector. Where hand sanitizer plays a vital role in the healthcare sector by protecting doctors and hospital staff from fatal transmitting infections during patient treatment. Increased use of hand sanitizers by frontier at the time of handling patients ensures germs-free hands and free from a fatal disease. This emerging health sector and wide uses are attributed as key growth factors and would benefit India hand sanitizer market by achieving potential growth in the upcoming six years.
By product type, alcohol-based sanitizers are gaining traction in the country due to their high efficiency and effectiveness during the ongoing COVID-19 outbreak in the country which would further witness a surge in demand over the coming years.
The India 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. India Hand Sanitizer Market Overview|
|3.1. India Hand Sanitizer Market Revenues, 2016-2026F|
|3.2. India Hand Sanitizer Market Revenue Share, By Product Type, 2019 & 2026F|
|3.3. India Hand Sanitizer Market Revenue Share, By Product Form, 2019 & 2026F|
|3.4. India Hand Sanitizer Market Revenue Share, By Distribution Channel, 2019 & 2026F|
|3.5. India Hand Sanitizer Market Revenue Share, By End Users, 2019 & 2026F|
|3.6. India Hand Sanitizer Market-Industry Life Cycle|
|3.7. India Hand Sanitizer Market-Porter’s Five Forces|
|4. India Hand Sanitizer Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. India Hand Sanitizer Market Trends|
|6. India Hand Sanitizer Market Overview, By Product Type|
|6.1. India Hand Sanitizer Market Revenues, By Non-Alcohol Based, 2016-2026F|
|6.2. India Hand Sanitizer Market Revenues, By Alcohol-Based, 2016-2026F|
|7. India Hand Sanitizer Market Overview, By Product Form|
|7.1. India Hand Sanitizer Market Revenues, By Gel, 2016-2026F|
|7.2. India Hand Sanitizer Market Revenues, By Foam, 2016-2026F|
|7.3. India Hand Sanitizer Market Revenues, By Spray, 2016-2026F|
|7.4. India Hand Sanitizer Market Revenues, By Others, 2016-2026F|
|8. India Hand Sanitizer Market Overview, By Distribution Channel|
|8.1. India Hand Sanitizer Market Revenues, By Online, 2016-2026F|
|8.2. India Hand Sanitizer Market Revenues, By Offline, 2016-2026F|
|9. India Hand Sanitizer Market Overview, By End Users|
|9.1. India Hand Sanitizer Market Revenues, By Healthcare, 2016-2026F|
|9.2. India Hand Sanitizer Market Revenues, By Dometic Household, 2016-2026F|
|9.3. India Hand Sanitizer Market Revenues, By Educational Institution, 2016-2026F|
|9.4. India Hand Sanitizer Market Revenues, By Hospitality, 2016-2026F|
|9.5. India Hand Sanitizer Market Revenues, By Others, 2016-2026F|
|10. India Hand Sanitizer Market Key Performance Indicators|
|11. India Hand Sanitizer Market Opportunity Assessment|
|11.1. India Hand Sanitizer Market Opportunity Assessment, By Product Type, 2026F|
|11.2. India Hand Sanitizer Market Opportunity Assessment, By Product Form, 2026F|
|11.3. India Hand Sanitizer Market Opportunity Assessment, By Distribution Channel, 2026F|
|11.4. India Hand Sanitizer Market Opportunity Assessment, By End Users, 2026F|
|12. India Hand Sanitizer Market Competitive Landscape|
|12.1. India Hand Sanitizer Market Competitive Benchmarking, By Operating & Technical Parameters|
|12.2. India Hand Sanitizer Market Revenue Share, By Companies, 2019|
|13. Company Profiles|
|14. Key Strategic Recommendations|