Impact of COVID-19 on the Global Hand Sanitizer Market Feb 03, 2021, 11:24 IST
When the world witnessed the onset of the novel coronavirus pandemic, hand sanitizers turned into something of a holy grail. Although hand sanitizers have been commercially available for decades, the demand for disinfecting gel skyrocketed around the world, owing to its ability for reducing the transmission of germs and pathogens. Panic buying led to overconsumption of hand sanitizers and created a huge gap between demand and supply, which ultimately developed growth opportunities for many brands to tap into the splurging hand sanitizer market. While the COVID-19 virus undeniably accelerated sales, hand sanitizers have been on the rise due to increasing awareness about personal hygiene and well-being. Rising per capita income and adoption of westernization are likely to drive the growth of the Global Hand Sanitizers Market in developing nations.