The hand sanitizer market size valued at $919 million in 2016, is projected to reach $1,755 million by 2023, growing at a CAGR of 9.9% from 2017 to 2023 says a new report by Allied Market Research. The drivers of the growth include change in lifestyle of people and increase in consumer preference towards health. Additionally, rise in awareness about hand hygiene has relatively influenced the market. However, health hazards associated with hand sanitiser are expected to hamper the market growth soon.
As gel hand sanitiser is easily available in the market and requires lesser time to eradicate germs compared to spray and other sanitizers, it is expected to maintain its influence in the global hand sanitiser market. Increase in demand for sanitisation across various industries, especially the food & beverage industry, is expected to drive the market growth during the analysis period.