Global Hand Wash Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Hand Wash Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global hand wash market has been segmented on the basis of end-use, distribution channel, as well as regions and countries.
Hand wash is the detergent or soap that used along with preferably warm water to remove viruses/bacteria/germs/microorganisms, dirt, grease, or other harmful and unwanted substances from an individual’s hands to ensure proper sanitization. The act of hand washing is considered to be one of the most effective and easiest methods of preventing the spread of infections and other common diseases.
An individual’s hands are the most common point of contact between other people, objects, or the individual themselves. This is the reason why numerous studies have proven that, by adhering to basic hand hygiene, an individual can significantly reduce his/her chances of contracting common yet unwanted illnesses or diseases.
In light of the recent COVID-19 outbreak, the steadily increasing awareness among individuals to maintain hand hygiene is a major factor that is expected to have a drastic influence of the revenue growth of the global hand wash market in the foreseeable future. In addition, the growing sense of urgency concerning frequent handwashing habits is also slated to have a positive impact on future market growth of this industry.
Increasing investments being made by key industry players towards the development of newer, more appealing hand wash products that are eco-friendlier, or derived for plant-based organic raw materials, or both, is also a factor that is anticipated to play a role in further increasing the revenue growth of the global hand wash market in the coming years.
Segmentation of the global hand wash market is as follows:
In terms of distribution channel, the hypermarkets segment accounted for the majority revenue shares of the global hand wash market in 2019, owing to the increasing number of outlets present across urban areas and the masses these centers attract. However, the e-commerce channel segment is expected to register the fastest rate of revenue growth over the next 10 years, due to factors such as the wide range of products available, better discounts, coupled with the increasing penetration of the internet and mobile phone users.
On the basis of end-use, the commercial segment accounted for the highest number of revenue shares of the global hand wash market in 2019, due to the increasing number of hospitals, restaurants, healthcare centers, etc. The residential segment is also slated to expand considerably over the next decade.
Regional Segmentation and Analysis:
Markets in the Asia Pacific accounted for the majority revenue shares of the global hand wash market in 2019, owing to the increasing number of diseases (influenza, etc.) being dealt with in this region. The markets in Europe are expected to index the fastest rate of revenue growth over the next 10 years, due to shifting viewpoints of consumers towards hand hygiene, and in the aftermath of the COVID-19 outbreak, not to mention that individuals in this region have historically been more susceptible to diseases such as the swine or avian flu, etc.
Segmentation of the Global Hand Wash Market:
Segmentation by Distribution Channel:
Segmentation by End-Use:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Procter & Gamble
- Johnson & Johnson Services Inc.
- Reckitt Benckiser Group Plc.
- Lion Corporation
- The Caldrea Company
- Henkel AG & Co. KGaA
- Medline Industries Inc.
- Amway Corp.
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