Europe Hand Sanitizer Market Overview
Europe hand sanitizer market is expected to witness substantial growth, primarily due to the outbreak of the COVID-19 pandemic at the beginning of 2020. Hand sanitizers are antibacterial or disinfectant which is in the form of lotions, sprays, or in liquid forms. The outbreak of COVID -19 has increased the significance of widely using hand sanitizers among consumers in Europe. The consumers are shifting their preference from the traditional practice of washing hands with soap and water towards using sanitizers. Additionally, sanitizers are in huge demand and the consumption of hand sanitizers has increased dramatically due to the spread of COVID-19 in Europe.
According to 6Wresearch, the Europe Hand Sanitizer Market size is anticipated to register substantial growth during 2020-26. Rising awareness towards health consciousness, increasing investment in R&D to develop sanitizers that can protect from Infectious diseases as well as the necessity to defend people from life-threatening diseases are some of the key growth drivers of the hand sanitizer market in Europe. According to a recent study conducted by the Center for Infectious Disease Research and Policy (CIDRAP) on Emerging Infectious Diseases, the alcohol-based hand sanitizers are recommended by the World Health Organization (WHO) are efficient in killing the novel coronavirus. The sale of hand sanitizers has increased drastically, particularly among the key European countries which have maximum cases of COVID-19 in Europe.
Rapidly increasing demand for sanitizers and panic among consumers has created a shortage of hand sanitizers in Europe. The Europeans are facing a severe shortage of hand sanitizers across supermarkets, retail stores, pharmacy outlets, and online distribution channels such as Flipkart and Amazon. The substantial rise in demand has resulted in a price hike and most of the online channels are selling hand sanitizers at inflated prices in Europe.
Hand Sanitizer Market in Europe is estimated to witness substantial growth during the forecast period 2020-26F on the back of the potential growth of the healthcare sector in the country. Further, the availability of certain features of hand sanitizers such as convenience in use along with alcohol content which tends to kill bacteria and resist the spreading of disease is anticipated to benefit the hand sanitizers in the foreseeable future. Additionally, changing consumer preference over the passage of time by replacing soap with a bottle of sanitizers which is leading to increasing adoption for hand sanitizers would boost the significant growth of the Europe hand sanitizers market during the forecast period.
Key Highlights of the Report:
- Europe Hand Sanitizer Market Overview
- Europe Hand Sanitizer Market Outlook
- Europe Hand Sanitizer Market Forecast
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Drivers and Restraints
- Europe Hand Sanitizer Market Trends and Industry Life Cycle
- Europe Hand Sanitizer Market Share, By Players
Company Profiles - Europe Hand Sanitizer Market Share, By Regions
- Europe Hand Sanitizer Market Overview on Competitive Benchmarking
- Key Strategic Recommendations
- Europe Hand Sanitizer Market Size and Europe Hand Sanitizer Market Forecast of Revenues & Volume, Until 2026
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