Liquid hand soap market expected to exceed $ 5 billion
Selbyville, Delaware, May 31, 2021 (GLOBE NEWSWIRE) – Based on Global Market Insights Inc. report, Liquid Hand Soap Market was estimated at $ 2.5 billion in 2020 and is expected to exceed $ 5 billion by 2027, registration of a 12% CAGR from 2021 to 2027. The report provides in-depth analysis of major investment avenues, major winning strategies, drivers and opportunities, fluctuating industry trends, market estimates as well as size, competitive scenarios .
The growing concern of employers for the safety and cleanliness of employees in offices, after the spread of covid-19 around the world, has led to an increase in the demand for liquid hand soaps in offices globally. In addition, the government imposes many recommendations and guidelines for public places including the mall to maintain cleanliness and support product growth.
Request sample report: https://www.gminsights.com/request-sample/detail/4817
The sachet packaging in the liquid hand soap market saw the strongest growth of over 10.5% CAGR over the next few years due to its various benefits for consumers as well as manufacturers, including a low production cost and easy transportation.
Organic liquid hand soaps are expected to record lucrative growth over the 10% CAGR between 2020 and 2027, due to the upward trend of natural and organic ingredients in personal care products.
The supermarket / hypermarket distribution channel holds a significant share of over 35% in the global liquid hand soap market, with supermarkets / hypermarkets being one of the largest retail chains in the developed region. In commercial application, the hospital sector was forecasting growth with a high rate at CAGR of 10.5% in the coming years.
Pharmaceutical stores distribution channel is expected to reach over USD 1.2 billion and is expected to show significant growth of over 10.5% CAGR in the next few times due to the rise of hospitals and clinics around the world due to the growing health emergency during the spread of covid-19. Moreover, pharmaceutical stores are one of the traditional and trusted supply chains for purchasing personal care products with professional or expert advice. Therefore, these factors led to fuel the growth of pharmaceutical stores during the forest period.
Request to customize this report: https://www.gminsights.com/roc/4817
The North America region holds the largest share of the market and is expected to grow with a lucrative CAGR of over 9.5% due to the growing government initiative for cleanliness, especially in the developed region. On the other hand, the Asia-Pacific region expected to show significant growth in the global liquid hand soap market of over 11.0% CAGR between 2020 and 2027. In addition, heavy use of liquid hand soap for hands in several sectors such as hospitality, hospitals, schools, Office spaces, shopping malls and industries are expected to increase demand is expected to show significant growth of over 10.5% CAGR in the next period of time.
The main manufacturers operating in the liquid hand soap industry include Procter & Gamble, Unilever, Henkel Corporation, GOJO industries, Kao Corporation, 3M, Johnson & Johnson, AVON, Colgate – Palmolive and many more.
About Global Market Insights Inc.
Global Market Insights, Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services. Offering syndicated and personalized research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with insightful insights and actionable market data that aid strategic decision making.
GMIPulse, our business analysis platform, offers an interactive online option to explore our proprietary industry research data in a simple and dynamic way. Customers can explore market information in 11 high-level categories and hundreds of industry segments within them, covering regional, company-level and cross-sectional statistics that make our offering a great asset to decision makers.