Report: U.S. Hand Sanitizers Market to Exceed $402M by 2015
Growing consumer concerns regarding personal health care and an overall extra-cautious atmosphere pervading institutional and industrial settings is expected to steer demand in the hand sanitizers industry, which is likely to exceed $402 million in business merely five years from now. That's according to a new report from Global Industry Analysts Inc., a San Jose, Calif.-based marketing research firm, which reached its projected figure after profiling major companies in the industry including 3M Company, Best Sanitizers Inc., Dial Corporation, Ecolab Inc., GOJO Industries Inc., Medline Industries Inc., Pure-ific Corporation, Skinvisible Inc., Sprixx, STERIS Corporation, and Vi-Jon Laboratories Inc.
The report, titled "Hand Sanitizers: A U.S. Market Report," provides an overview of market, market trends, product overview, product developments/introductions, and recent industry activity. The study analyzes market data and analytics in terms of value as well as volume sales for the U.S. market.
GIA notes that hand sanitizer gels marked their evolution during the 1980s, with many scientists and research institutes channeling vital resources and efforts for the development of these products. Global threats in the past such as SARS, avian flu, and the more recent H1N1 influenza or swine flu, led to a surge in demand for hand sanitizers. Growth was also propelled by the findings that gastrointestinal illnesses are reduced by about 60 percent in households that used hand sanitizers, compared to non-users, the report says.
On the institutional front, use of waterless alcohol-based hand sanitizers particularly in hospital and alternate care settings has increased significantly. Military demand for hand sanitizers also is on the rise, given troops' inaccessibility to soap and water in most scenarios. The report notes further that the threat of "bioterrorism" has spurred growth in restaurants, fast food chains, and food processing plants. Hand sanitizers also have found increased uptake in schools, colleges, and in corporate segments. In terms of format, gel-style sanitizers are more popular in the United States, but, globally, touch-free dispensing systems with alcohol-based hand sanitizer are being used more frequently than manual-type dispensers.
For more details about this comprehensive market research report, visit www.strategyr.com/Hand_Sanitizers_Market_Report.asp.