PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1279004
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1279004
Global Liquid Hand Soap Market size will grow exponentially through 2032. Increasing urbanization and per capita income in developed and developing nations has increased consumer spending on personal hygiene products such as liquid hand soaps. According to the European Commission, the consumer demographic will surpass 5 billion people by 2030, which implies around 1.3 billion more people with improved spending power than today. Moreover, product innovations in the field are further contributing to industry growth.
The overall liquid hand soap market is categorized based on packaging, distribution channel, nature, application, and region.
Based on packaging, the liquid hand soap market share from the tube segment could grow at over 7.5% CAGR from 2023 to 2032. The compactness, ease of use and storage, and durability of tube packaging favor its adoption. Additionally, the squeezable nature of the tubes allows users to dispense a specific quantity, reducing soap wastage and promoting cost-effectiveness. They are convenient to carry in bags, purses, or travel kits, allowing people to maintain hand hygiene on the go.
Regarding the distribution channel, the liquid hand soap industry size from the online stores segment will expand notably through 2032. The convenience of online shopping is supporting segment expansion. Moreover, online platforms offer a wide variety of liquid hand soaps from different brands, formulations, fragrances, and sizes at discounted prices. Additionally, they provide access to detailed product information, including ingredients, benefits, and usage instructions. Growing number of online shopping portals is further contributing to segment expansion.
Based on nature, the synthetic liquid hand soap market size will be over USD 4 billion by 2032. Synthetic chemicals such as sodium lauryl sulphate demonstrate superior cleansing effects compared to organic additives, which favors their adoption. These soaps often have concentrated formulations, implying that a small amount of soap is sufficient for effective handwashing. This makes them long-lasting and economical, as relatively lesser soap is needed for each use than regular hand soaps. They also give high lather owing to the presence of cocamide compounds, which can further contribute to increasing product sales.
On the regional front, North America liquid hand soap market will amass appreciable gains through 2032. Rising prevalence of infectious diseases coupled with a surging inclination towards personal hygiene due to the COVID-19 pandemic has increased product uptake in the region. Moreover, favorable government initiatives to support sanitation will further contribute to regional growth. North America also has a strong presence of prominent industry giants such as Procter & Gamble, 3M, and more who are focusing on product innovations, thus, creating an optimistic growth outlook.