Valued at USD 420.0 million in 2019, and is projected to reach USD 1,265.0 million by 2025, the Asia-Pacific hand sanitizer market is predicted to witness a CAGR of 18.7% during the forecast period (2020–2025). The growth of this market is attributed towards the growing need of health and hygiene related products. Moreover, rapid explosion of COVID-19 disease in the region is growing the demand for hand sanitizer in the region, this has led to shortage of supply of these products and manufacturers are emphasizing their efforts towards enhancing its supply at rapid pace.
Hand sanitizer is alcohol-free or alcohol-based liquid used for cleaning the hands in order to diminish the risk associated with infectious bacteria or viruses and further helps in maintaining the personal hygiene of the consumer. Hand sanitizers are capable of killing the germs that are present on the hands and is efficient in preventing the transmission of infection that is majorly being carried through hand transmission that could further lead to nosocomial food-borne illness.
Geographically, China was the largest hand sanitizer market in 2019. Extensive spread of pandemic diseases such as COVID-19 in China increases the demand for hand sanitizers massively thereby bolstering the growth of the hand sanitizer market in the country.
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Some of the major players operating in the Asia-Pacific hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., Kutol, The Himalaya Drug Company, and Chattem Inc.
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