Bizizz Market Research has recently published a research report, “Liquid Handwash Market by Product Type (Synthetic Liquid Handwash and Natural Liquid Handwash) by Application (Flavor, Fragrance, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Liquid Handwash Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 58.1 Bn by 2027, witnessing a CAGR of 14.2 % during the forecast period. Key drivers of the market are benefits of Liquid Handwash, increasing popularity in pharmaceutical and chemical industry, and easy accessibility of origin sources.
With the recent outbreak of Covid-19, government organizations are engaged in spreading awareness regarding hygiene maintenance and importance of handwash which is anticipated to spur the demand for these products around the globe. Moreover, manufacturers are focused on new product development which will further stimulate the market growth.
The Liquid Handwash Market Is Anticipated To Register A CAGR Of Over 14.2 % During The Forecast Period.
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Conventional Segment Occupied Significant Share in 2018
By product type, the conventional segment registered highest share in 2018. The production cost associated with these products are comparatively lesser than its other counterparts. Moreover, these products have experienced high demand since last few years owing to wide range of variety in terms of fragrance and flavor. Furthermore, organic segment is anticipated to witness lucrative growth during the forecast period. The segment is growing at a CAGR of 14.6 % between 2019-2027. This is mainly due to rising popularity of organic products owing to growing awareness regarding benefits of these products over parabens-based soaps.
North AmericaIs Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, North America is anticipated to lead the global market by holding prominent share over the forecast period. In 2018, North America accounted for 38.7 % market share. The growth of the region can be attributed to rising health and hygiene concern over sharing the bar soaps among U.S. population. Moreover, rising occurrences of targeted diseases is anticipated to stimulate the regional growth.
The global market is highly fragment in nature. The market is experience significant competition among major industry players. Companies are focused on research and development activities intended to develop new products and expand their product portfolio which will help them to gain competitive edge in global market.
Prominent players operating in the Global Liquid Handwash Market are: Pental Products, Reckitt Benckiser Group plc, NEW AVON LLC, Procter & Gamble, Bluemoon Bodycare, Unilever, Godrej Consumer Products, 3M, Kao Chemicals, GOJO Industries, Inc., and Lion Corporation, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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