Key regions: Australia, Germany, United States, China, Japan
The Hand Sanitizer market in G20 is experiencing significant growth due to changing customer preferences and global trends.
Customer preferences: Customers in the G20 countries have become more conscious about personal hygiene and health due to the ongoing COVID-19 pandemic. This has led to a surge in demand for hand sanitizers, as they are considered an effective way to kill germs and prevent the spread of the virus. Additionally, customers are increasingly looking for hand sanitizers that are convenient to use and have moisturizing properties to prevent dryness of the skin.
Trends in the market: One of the major trends in the hand sanitizer market is the increasing popularity of natural and organic products. Customers are becoming more aware of the potential harmful effects of chemicals and are seeking products that are made from natural ingredients. This trend is driving the demand for hand sanitizers that are free from harsh chemicals and are eco-friendly.Another trend in the market is the rising popularity of portable hand sanitizers. With people becoming more mobile and constantly on the go, there is a growing demand for hand sanitizers that can be easily carried in bags or pockets. This trend is driving the development of compact and travel-sized hand sanitizers that are convenient for use outside the home.
Local special circumstances: In the United States, the hand sanitizer market is witnessing significant growth due to the high number of COVID-19 cases. The demand for hand sanitizers has surged as individuals and businesses prioritize hygiene and sanitization. Additionally, the government has implemented regulations and guidelines that require the use of hand sanitizers in public places, further driving the market growth.In China, the hand sanitizer market is also experiencing rapid growth. The country has a large population and a high level of awareness regarding personal hygiene. Moreover, the government has implemented strict regulations and guidelines for hand hygiene in public places, which has led to an increased demand for hand sanitizers.
Underlying macroeconomic factors: The COVID-19 pandemic has had a significant impact on the global economy, leading to a decline in many industries. However, the hand sanitizer market has emerged as one of the few sectors that have experienced growth during this period. The increased focus on personal hygiene and the need to prevent the spread of the virus have driven the demand for hand sanitizers.Furthermore, the growing awareness about the importance of hand hygiene and the need to prevent the transmission of diseases has led to a long-term shift in consumer behavior. Even beyond the pandemic, customers are expected to continue prioritizing personal hygiene, which will sustain the growth of the hand sanitizer market in the G20 countries.In conclusion, the Hand Sanitizer market in G20 is witnessing significant growth due to changing customer preferences and global trends. Customers are increasingly prioritizing personal hygiene and health, leading to a surge in demand for hand sanitizers. The market is also influenced by trends such as the preference for natural and organic products and the popularity of portable hand sanitizers. Local special circumstances, such as government regulations and guidelines, further contribute to the growth of the market in specific countries. Overall, the hand sanitizer market is expected to continue growing due to the increased awareness about hand hygiene and the long-term changes in consumer behavior.
Data coverage:
Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.Modeling approach / Market size:
Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.
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