Hand Sanitizer Market Strategy Framework To 2022 - 2030 By Grand View Research, Inc

Health and hygiene concerns are increasing among individuals worldwide on account of rising awareness regarding the impact of COVID-19 on the population. The market has been witnessing significant developments in the hand sanitizer industry worldwide in the wake of the ongoing pandemic crisis. However, with the supply chain disruptions and widening supply-demand gaps worldwide, the industry is currently facing significant challenges with regard to ramping up manufacturing capacities to help mitigate the supply shortage. In order to address this supply shortage, several companies have begun leveraging their mass production capabilities to manufacture these products for their domestic markets.

Gather more insights about the market drivers, restrains and growth of the Global Hand Sanitizer Market

For instance, in April 2020 Honeywell announced an expansion of its manufacturing operations at two chemical manufacturing facilities to produce and donate hand sanitizer to government agencies in response to shortages created by the COVID-19 pandemic. The company's sites in Muskegon, Michigan, Seelze, and Germany, would produce these products over the next two months-(May and June 2020) for government agencies, and institutions in need.

However, third-party manufacturers or contract, manufacturers, have been critical to major brands in increasing their output in 2020-2021. For instance, in April 2020, SC Johnson, a global manufacturer of household and professional cleaning and disinfecting products, has converted a line reserved for testing new products to produce up to 75,000 bottles of hand sanitizer per month for health workers, first responders, and the company’s own production employees.

There have been many investments done by several companies to expand their business in other markets. For instance, in April 2020, Unilever plc. adapted one of its deodorant manufacturing lines in the U.K. to produce supplies of hand sanitizer for the Leeds Teaching Hospital NHS Trust, and the first batch of more than 700-liter sanitizer was supplied to St James’s University Hospital.

Innovators and entrepreneurs across the globe are reinventing their business models in light of the coronavirus pandemic. In the craft cocktail arena, breweries and distilleries are transitioning their focus from spirits to hand sanitizers. For instance, in May 2020, Doctor Shultz’s, partnered with Ilthy, a clothing brand for manufacturing and supplying hand sanitizers and face masks.

Given that the COVID-19 pandemic continues to be both unpredictable and rapid, the demand for these antibacterial products across the globe, especially in severely affected countries, will be largely shaped by the duration of the crisis. Though the sales were fast-moving throughout 2020, the product demand is anticipated to gradually decrease post-COVID as conditions become favorable.