From USD 620.0 million in 2019, the European hand sanitizer market is predicted to grow to USD 1,760.0 million by 2025, registering a CAGR of 17.7% during the forecast period (2020–2025). The key factors driving the growth of the market are increasing awareness regarding the health and hand hygiene, new product launch in hand sanitizer industry, increasing demand of products which helps in protecting against life threatening disease, changing lifestyle, and sudden outbreak of COVID-19.
The major factors fueling the growth of the Europe hand sanitizer market are surge in the demand for health and wellness products such as hand sanitizer as a result of sudden outbreak of coronavirus disease along with ever-changing preferences of consumers towards usage of convenient hygiene products. The growing effect of COVID-19 pandemic in the region is surging the demand for hand sanitizers rapidly. The eruption of global pandemic has exaggerated the need for hand sanitizers and has led significant profit enhancement for the service providers.
However, the use of chemical ingredients in hand sanitizers thus lead to health hazards such as killing of good bacterial in the human body that is the crucial factor anticipated to hamper the growth of the Europe hand sanitizer market.
Geographically, Germany was the largest hand sanitizer market in 2019. Rapid inclination of the consumers in the Germany towards spending significant amount towards personal care products and rampant awareness for maintaining personal hygiene are the key factors strengthening the growth of the hand sanitizer market in the European Market.
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Some of the major players operating in the Europe hand sanitizer market are Henkel AG & Company, Procter & Gamble, GOJO Industries, Inc., Reckitt Benckiser Group plc, Best Sanitizers, Inc., Unilever, Vi-Jon Laboratories Inc., and Chattem Inc.
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