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: ETC002176 | Publication Date: Feb 2023 | Updated Date: Sep 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Malaysia Hand Sanitizer Market registered a decline of -41.69% in value shipments in 2021 as compared to 2020 and an increase of 56.67% CAGR in 2021 over a period of 2017. In Hand Sanitizer Market Malaysia is becoming less competitive as HHI index in 2021 was 1724 while in 2017 it was 1024. 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.
Malaysia 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 2021 was 0.57 while in 2017 it was 0.71. China, Singapore, France, Ireland and Switzerland were among the top players of the market in 2021, where China acquired the largest market share of 34.63% with a shipment value of 5.35 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 Canada had the largest market share of 15.55% with the shipment value of 0.44 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Canada offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Malaysia Hand Sanitizer Market in 2017.
Malaysia Hand Sanitizer Market had experienced significant growth due to the COVID-19 pandemic. The demand for hand sanitizer products in Malaysia is expected to register prominent growth in the forthcoming years due to the ongoing need for hygiene products. The market for hand sanitizer is highly competitive with both international and local brands competing for hand sanitizer market share. Many companies have expanded their product offerings to include new hand sanitizer formulations, particularly those which are gentle on the skin. Moreover, the government is taking steps to regulate the hand sanitizer market and ensure the safety of these products. The Ministry of Health has issued guidelines for the manufacture and sale of hand sanitizers to meet certain criteria to be approved for use in the country.
Due to the COVID-19 pandemic, hand sanitizer products are also available through e-commerce platforms, which have experienced significant growth in Malaysia. Online sales channels have enabled smaller brands to reach a larger customer base and have contributed to the overall growth of the Malaysia hand sanitizer market share. Overall, the hand sanitizer market in Malaysia is projected to grow in the coming years, driven by the expanding e-commerce and the need for hygiene products.
Malaysia hand sanitizer market is anticipated to gain prominent growth over the coming years. Growing urbanization, an ageing population, and improvement in the living standards of people are the major factors that would contribute to the hand sanitizer market in Malaysia over the forecast period. Increased spending by the government on health & sanitation across sectors such as healthcare and hospitality would boost the demand for the hand sanitizer market in Malaysia during the forecast period.
According to 6Wresearch, Malaysia Hand Sanitizer Market size is anticipated to register growth during 2020-2026. The government has stepped up its surveillance and early response to infectious disease outbreaks as a result of the recent pandemic COVID-19, which would have a major impact on the country’s economy. A $143 billion fiscal stimulus package has been announced by the government which would help to strengthen the economy and withstand the negative impact of the coronavirus pandemic. Apart from that, several programs have been initiated recently to create awareness among the people about the necessity of maintaining hand hygiene & sanitation at the workplace which would result in a higher demand for hand sanitizers in Malaysia in the coming years.
Amid the ongoing pandemic, the online hand sanitizer distribution channel is gaining traction in the country. The sudden surge in the demand for hand sanitizers resulted in a nationwide shortage of hand sanitizers in retail stores. Also, many buyers are reluctant to purchase hand sanitizers through offline distribution mode which eventually led to the higher online sale of the product.
The Malaysia hand sanitizer market report thoroughly covers the market by product type, product form, distribution channel, and end-users. Malaysia hand sanitizer market outlook report provides an unbiased and detailed analysis of the ongoing Malaysia 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 Malaysia hand sanitizer market report provides a detailed analysis of the following market segments:
TABLE OF CONTENTS |
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Malaysia Hand Sanitizer Market Overview |
3.1. Malaysia Hand Sanitizer Market Revenues, 2016-2026F |
3.2. Malaysia Hand Sanitizer Market Revenue Share, By Product Type, 2019 & 2026F |
3.3. Malaysia Hand Sanitizer Market Revenue Share, By Product Form, 2019 & 2026F |
3.4. Malaysia Hand Sanitizer Market Revenue Share, By Distribution Channel, 2019 & 2026F |
3.5. Malaysia Hand Sanitizer Market Revenue Share, By End Users, 2019 & 2026F |
3.6. Malaysia Hand Sanitizer Market-Industry Life Cycle |
3.7. Malaysia Hand Sanitizer Market-Porter’s Five Forces |
4. Malaysia Hand Sanitizer Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Malaysia Hand Sanitizer Market Trends |
6. Malaysia Hand Sanitizer Market Overview, By Product Type |
6.1. Malaysia Hand Sanitizer Market Revenues, By Non-Alcohol Based, 2016-2026F |
6.2. Malaysia Hand Sanitizer Market Revenues, By Alcohol-Based, 2016-2026F |
7. Malaysia Hand Sanitizer Market Overview, By Product Form |
7.1. Malaysia Hand Sanitizer Market Revenues, By Gel, 2016-2026F |
7.2. Malaysia Hand Sanitizer Market Revenues, By Foam, 2016-2026F |
7.3. Malaysia Hand Sanitizer Market Revenues, By Spray, 2016-2026F |
7.4. Malaysia Hand Sanitizer Market Revenues, By Others, 2016-2026F |
8. Malaysia Hand Sanitizer Market Overview, By Distribution Channel |
8.1. Malaysia Hand Sanitizer Market Revenues, By Online, 2016-2026F |
8.2. Malaysia Hand Sanitizer Market Revenues, By Offline, 2016-2026F |
9. Malaysia Hand Sanitizer Market Overview, By End Users |
9.1. Malaysia Hand Sanitizer Market Revenues, By Healthcare, 2016-2026F |
9.2. Malaysia Hand Sanitizer Market Revenues, By Dometic Household, 2016-2026F |
9.3. Malaysia Hand Sanitizer Market Revenues, By Educational Institution, 2016-2026F |
9.4. Malaysia Hand Sanitizer Market Revenues, By Hospitality, 2016-2026F |
9.5. Malaysia Hand Sanitizer Market Revenues, By Others, 2016-2026F |
10. Malaysia Hand Sanitizer Market Key Performance Indicators |
11. Malaysia Hand Sanitizer Market Opportunity Assessment |
11.1. Malaysia Hand Sanitizer Market Opportunity Assessment, By Product Type, 2026F |
11.2. Malaysia Hand Sanitizer Market Opportunity Assessment, By Product Form, 2026F |
11.3. Malaysia Hand Sanitizer Market Opportunity Assessment, By Distribution Channel, 2026F |
11.4. Malaysia Hand Sanitizer Market Opportunity Assessment, By End Users, 2026F |
12. Malaysia Hand Sanitizer Market Competitive Landscape |
12.1. Malaysia Hand Sanitizer Market Competitive Benchmarking, By Operating & Technical Parameters |
12.2. Malaysia Hand Sanitizer Market Revenue Share, By Companies, 2019 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |