The global long lasting hand sanitizer market size was valued at $11.8 million in 2020, and is projected reach $21.7 million by 2030, registering a CAGR of -3.4%from 2021 to 2030. The non-alcohol-based segment led in terms of long-lasting hand sanitizer market share in 2020, and is expected to retain its dominance throughout the forecast period.
Long lasting hand sanitizers are a new invention and are being constantly improved upon. Most long-lasting hand sanitizers are water-based with ingredients such as silver nano particles. Silver has very good microbial properties that is very effective in killing bacteria, viruses, and germs. Many manufacturers make use of their proprietary chemical components that are safe for skin. The main advantage of long-lasting hand sanitizers is that it is stays on hands for many hours depending on the composition. Many long-lasting hand sanitizers also have moisturizers or moisturizer like components that help keep hands soft and supple, and prevents skin irritation, damage and infections that can be caused by alcohol hand sanitizers. Furthermore, long lasting hand sanitizers can provide protection up to 24 hrs., thus reducing efforts of continuous hand wash. These are much convenient to use in day to day life. These advantages of long lasting hand sanitizers over conventional sanitizers results in market proliferation.
There has been an increase in number of users in various social media sites with rise in internet penetration. Taking this into consideration, most key players in the long lasting hand sanitizer market strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies adopted by various companies and industries on imparting awareness about their product offerings among target customers on social media channels. Thus, through social media marketing strategy, the global long lasting hand sanitizer market sights critical opportunity in gaining traction and eventually increase its awareness among its target segments.
Segment review
The global long lasting hand sanitizer market is analyzed on the basis of its prospects and future growth rate. The report highlights numerous factors that influence growth of the global long lasting hand sanitizer market. These include market forecast, drivers, restraints, opportunities, and role of key players operating in the market. The report is analyzed by nature, which includes alcohol-based and non-alcohol based.
The report also segments the market on the basis of end user, mainly residential and commercial. By distribution channel, the market is studied across online channels and offline channels. Furthermore, it includes revenue generated from the sales of long lasting hand sanitizer across North America, Europe, Asia-Pacific, and LAMEA.
By Nature
Non Alcohol Based segment would exhibit the greater CAGR of -3.3% during 2021-2030.
On the basis of nature, the market is classified into alcohol-based and non-alcohol-based long lasting hand sanitizers. Owing to skin friendliness the non-alcohol based long lasting hand sanitizers segment led, in terms of market share.
By End User
Residential segment would exhibit the greater CAGR of -3.1% during 2021-2030.
Depending on end user, the long-lasting hand sanitizers market is bifurcated into residential and commercial. The residential segment led in terms of market share. Long lasting hand sanitizers are used in commercial establishments such as restaurants, movies, and malls, where there are a large number of people gathered in one place.
By Distribution Channel
Online Channels segment would exhibit the greater CAGR of -2.8% during 2021-2030.
On the basis of sales channel, the market is bifurcated into online sales channel and offline sales channel. Online channels segment is poised to have higher CAGR during the forecast period. Online channels are e-commerce sites or websites of manufacturers through which customers can purchase desired long lasting hand sanitizers. High convenience and myriad of product options is expected to propel the online channel segment of the market.
By Region
Asia-Pacific region would exhibit the greater CAGR of -2.4% during 2021-2030.
The report focuses on the long lasting hand sanitizer market growth prospects, restraints, and opportunities of the global long lasting hand sanitizer market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the market.
Some of the major players profiled for in the Long Lasting Hand Sanitizer market analysis include Cage Bio Inc., Esc Brands, LLC, Kea Biotech., Microbe Solutions, LLC, Novalent, Paul Hartmann AG, Resil Chemicals Pvt. Ltd., Scotmas Group, Touch Australia, and Zoono. Other prominent players analyzed in the report are Best Sanitizers, Inc., Gojo Industries, Inc, Henkel Corporation, Kutol Products Company, Inc., Reckitt Benckiser Group Plc, The Himalaya Drug Company, and Unilever Plc.
Covid-19 Impact Analysis
- Long lasting hand sanitizer industry was positively impacted by the pandemic, owing to increase in awareness regarding health and hygiene.
- Hand hygiene is given utmost importance to curtail spread of the COVID-19, thus resulting in increased demand of products such as hand gloves, soaps, and sanitizers.
- However, the market is expected to lose attractiveness post the end of the pandemic.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging long lasting hand sanitizer market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing long lasting hand sanitizer market opportunities in the market.
- The long lasting hand sanitizer market forecast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Long Lasting Hand Sanitizer Market Segments
By Nature
- Alcohol based
- Non-alcohol based
By End User
- Residential
- Commercial
By Distribution Channel
- Online channels
- Offline channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia and New Zealand
- ASEAN
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Long Lasting Hand Sanitizer Market Report Highlights
| Aspects | Details |
 By NATURE |
|
 By END USER |
|
 By DISTRIBUTION CHANNEL |
|
 By Region |
|
 Key Market Players | CAGE BIO INC., .NOVALENT, ESC BRANDS, LLC, .ZOONO, INC., MICROBE SOLUTIONS, LLC, KEA BIOTECH, SCOTMAS LIMITED, RESIL CHEMICALS PVT. LTD., PAUL HARTMANN AG, TOUCH AUSTRALIA |
Analyst Review
The last two years have been one of the most difficult times in human history, caused by the COVID-19 virus. It caused the loss of several lives and closing down of several businesses. Awareness regarding personal health and sanitation practices increased causing a major increase in sales of sanitizers, both residentially and commercially. This increase in sales led to further research and innovations in sanitizer technology, which brought long-lasting hand sanitizers into the market.
COVID-19 is still prevalent and is mutating and evolving very rapidly, hence consumers are extremely cautious during such trying times to be safe and take as many precautionary measures against the spread of the virus as possible. In addition, commercial establishments such as restaurants, malls, movies, and many others have started buying sanitizer dispensers and stands, and are encouraging their staff as well as customers to make use of these sanitizers. A similar trend can be observed, where consumers are keeping sanitizers in their homes as well, along with having small sanitizer bottles in their persons.
Customers are becoming increasingly aware regarding the use of components in sanitizers that are not harmful for skin or do not cause damage to skin. Due to this increase in awareness, engaged stakeholder are now using ingredients like silver nano particles and water base for making sanitizers that are skin friendly, and can provide protection for longer compared to regular alcohol sanitizers. Such kind of sanitizers are already gaining popularity, and are expected to be adopted by customers rapidly.
The long lasting hand sanitizer market is projected to reach $21.7 million by the end of 2030.
The long lasting hand sanitizer market is poised to grow with a CAGR of -3.4% during the forecast period.
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The global long lasting hand sanitizer is analyzed by nature, end user, distribution channel, and region.
2020 is the base year calculated in the Long Lasting Hand Sanitizer Market report.
Some of the major players operating in the Long Lasting Hand Sanitizer market analysis include Cage Bio Inc., Esc Brands, LLC, Kea Biotech., Microbe Solutions, LLC, Novalent, Paul Hartmann AG, Resil Chemicals Pvt. Ltd., Scotmas Group, Touch Australia, and Zoono.
Non-alcoholic segment leads in terms of market share throughout the forecast period.
Asia Pacific region will provide more business opportunities for Long Lasting Hand Sanitizer Market in future.
The demand for long lasting hand sanitizer is expected to decline in the post Covid world.
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