Market Research Report
Global Hydroalcoholic Gel Market - 2021-2028
|Global Hydroalcoholic Gel Market - 2021-2028|
Published: October 11, 2021
Content info: 180 Pages
Delivery time: 2 business days
The global hydroalcoholic gel market size was valued US$ YY billion in 2020 and is estimated to reach US$ YY billion by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
The hydroalcoholic gel usually consists of hydrogen peroxide, a high amount of ethanol, glycerin, and water. Its disinfecting properties have made it a popular product in healthcare and households. The composition of alcohol depends on the usage while it is made sure that it is suitable for dispenser output. It cleanses 99.9% of bacterial from hands. The rising prevalence of COVID-19 pandemic has increase the sale of hydroalcoholic gel.
The global hydroalcoholic gel market growth is driven by the the growing awareness about maintaining cleanliness and safety in the environment has boosted the sales of hydroalcoholic gels in the market. Government state bodies are running campaigns to install antiseptic gels at houses, commercial, and industrial places. This trend is anticipated to continue during the forecast period.
Increasing awareness towards hand hygiene is gaining prominence on account of being an important measure to restrict the occurrence of nosocomial infections. Therefore, hand hygiene forms the most important element of personal care, thereby driving the popularity of hand sanitizers. In addition, government further promotes the usage of hand care products in order to increase awareness as well as avoid health issues among consumers. For instance, the WHO and FDA have taken initiatives in order to make people aware of hand hygiene and the risks associated with not maintaining the hygiene.
According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claim not to use the product. The 77.0% population in the favor of using hand sanitizer is comprised of 37.5% male users and 62.5% of female users. Moreover, key manufacturers are adding to their product line in order to increase their market share with increasing awareness.
Moreover, the rising influence of social media and online advertisements has exposed people to the recent trends of personal care and hygiene which is also accelerating the usage of hand sanitizers among consumers. These advertisements also allow people to get exposed to information regarding cleansers and healthy lifestyles. These factors in turn drive the growth of the market in the forecast period.
According to WHO, the number of people who die from chronic diseases and infections are high, majority is ageing population and changes in societal behaviour are contributing to a steady increase in these common and costly long-term health problems. This has led to an increase in the usage of hand sanitizer which in turn drives the growth of this market. The pandemics in the past decade have clearly demonstrated the speed at which infections spread across the globe.
Ebola, SARS, MERS, and H1N1 - to name but a few - demand coordinated and agile healthcare responses. Emerging markets will be hardest hit, as population growth is anticipated be most significant in developing nations. Increased demand on healthcare systems due to chronic disease has become a major concern. These factors are driving the growth of the market in the forecast period.
On the contrary, the growth of the market can be hampered by the usage of chemical ingredients associated with the product causing allergies to some people. This factor is hampering the growth of the market in the forecast period.
Various healthcare professionals across the globe are recommending to wash hands regularly with soap and water to prevent from spread of coronavirus. Instant hydroalcoholic gel is perfect alternative to use when soap and water is not available to reduce the level of germs from the hands. In addition, the instant hydroalcoholic gel is formulated with ethanol or ethyl alcohol ingredient that kill 99.9% of bacteria within seconds. It also contain moisturizers to reduce skin dryness are some of the primary factors boosting the demand for hydroalcoholic gel across the globe. Currently, the demand for instant hydroalcoholic gel is considerably high due to outbreak of coronavirus and rise in consumer awareness regarding the hand hygiene worldwide. Owing to these factors, it is expected to remain dominant through the course of the forecast period.
To be able to kill most viruses, a hydroalcoholic gel must contain at least 20% Ethanol. Those containing less than 20% ethanol are not only less effective against viruses, but also against bacteria and fungi. In short, they only reduce the growth of germs instead of killing them completely. Hydroalcoholic gel suppresses the growth of microorganisms when applied to the hands. It attacks and destroys the envelope protein present on the surface of certain viruses, including coronaviruses. This protein is vital for the survival and multiplication of these viruses. The World Health Organization (WHO) has unveiled online the "ingredients" and the procedure to follow in order to design the hydroalcoholic gel that has been in demand so recently. These factors are driving the growth of the market in the forecast period.
The hospital pharmacy held the largest share in the hydroalcoholic gel market. This is mainly owing to rapidly growing positive cases and deaths due to spread of covid-19 disease through contact with an infected person when they sneeze or cough and increasing demand for hand hygiene products are some of the most popular trends today. In addition, this growing coronavirus outbreak is more threatening to elderly people than children with some medial problems such as diabetes, breathing problems, kidney problems, and other chronic disease. Thus there is a larger burden on hospital to maintain hygine in its premisses therefore the demand of hydroalcoholic gel is incresing from them.
North America dominated the market share owing to the high demand from hospitals. Along with this, improving health insurance plans has persuaded the patients to go for surgeries, which has boosted the demand for hydroalcoholic gels in the healthcare facilities. A key factor to consider here is that people in the developed countries are highly aware about hand hygiene and considerably increase in positive cases of COVID-19 disease in the US and states in 2020.
Rise in government initiative to create awareness among people, increasing production capacity of hydroalcoholic gel by providing licenses to sugar industry, distilleries, and new manufacturers for production of hydroalcoholic gel to meet growing demand. Also, growing distribution of hydroalcoholic gel in hospitals and health care facilities to fight against Covid-19 pandemic is positively influencing growth of the global hydroalcoholic gel market.
The hydroalcoholic gel market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Puressentiel, Huckert's International, and Vesismin Health among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the hydroalcoholic gel market globally.
The global hydroalcoholic gel market report would provide an access to an approximately 45+ market data table, 40+ figures and 180 pages.