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Global professional hand hygiene market to grow by $2Bn to 2028

* global-professional-hand-hygiene-market.jpgThe ‘Global Professional Hand Hygiene Market - Outlook & Forecast 2023-2028’ report, recently added to ResearchAndMarkets.com's offering, predicts that the market will reach a value of $8.18 billion by 2028 - from $6.18 billion in 2022, growing at a Compound Annual Growth Rate of approximately 4.8%.

The report’s writers acknowledge that the global professional hand hygiene market is highly fragmented, due to the presence of many local and international industry players – and that competition among the major players is intense.

They say that the rapidly changing technological environment could adversely affect vendors as customers expect continual innovations and upgrades in professional hand hygiene products.

Established players with a history of providing reliable hand hygiene solutions have faced competition from newer entrants that have capitalised on the heightened demand for hygiene products. This competitive pressure has driven vendors to continually innovate, improve product formulations and expand their offerings to cater to specific industries and consumer preferences.

North America held the most prominent global professional hand hygiene market share, responsible for over 30% of the revenue in 2022. The region's market demonstrates steady growth, driven by strict healthcare regulations, advanced healthcare infrastructure and heightened awareness of infection control.

The considerable rise in international sports events, trade fairs and exhibitions has contributed to a surge in the inflow of international and domestic tourists. Also, significant changes in living standards have led to the growth of the luxury hotel market in the region. Thus, the exponential growth of the North American hotel and tourism industry is fuelling the growth of the professional hand hygiene market in the region.

The following factors are likely to contribute to the growth of the professional hand hygiene market during the forecast period:

• The market has seen steady growth due to heightened awareness of infection control, regulatory requirements, and the need for safer work environments.
• The increasing emphasis on health and hygiene, driven by global events, has further accelerated the demand for effective hand hygiene solutions.
• The professional hand hygiene market encompasses diverse products and solutions specifically designed and tailored to promote effective hand hygiene practices within various industries and institutional settings, such as healthcare, food service, manufacturing, hospitality, and other professional industries.
• Preventing the spread of infections is a critical concern in professional settings, especially in healthcare. Products in this market are engineered to effectively kill germs, bacteria, and viruses that can be transmitted through hands.

Insights by product:

The market includes hand lotions/creams, handwash, hand sanitisers, hand scrubs, and wipes. The handwash segment accounted for the most significant global market share in 2022. Stringent health and safety regulations imposed by governments and relevant regulatory bodies have significantly contributed to adopting handwashing in professional settings. Additionally, the heightened awareness of infectious diseases, especially during pandemics like Covid-19, has underscored the importance of maintaining proper hand hygiene, further driving the demand for effective handwashing products.

Insights by handwash type:

Liquid handwash dominated the market primarily due to the widespread accessibility of these products worldwide. Liquid handwash has generated revenue of over USD 2.00 billion in 2022 and is likely to dominate the market by 2028. Foam handwash is expected to grow fastest during the projected period due to less water requirement for rinsing than liquid soaps.

Insights by hand sanitiser type:

The market by hand sanitiser type comprises liquid, gel and foam. Foam hand sanitisers are anticipated to grow at a rapid rate during the forecast period. The liquid hand sanitiser segment has emerged as the dominant force, capturing a substantial market share. Liquid hand sanitisers are versatile and easy to apply, allowing users to effectively cover their hands and rub the sanitiser in until it dries.

Insights by end users:

The market comprises various end-users, including healthcare, industrial, hospitality & food services, building service contractors, commercial and others. The healthcare segment dominated the market by generating the highest revenue in 2022 and is likely to continue to dominate. Maintaining proper hand hygiene within the healthcare industry has consistently remained a critical concern, holding significant importance in ensuring the safety of both patients and staff members.

However, the hospitality & food services segment is expected to grow at the highest CAGR in the global professional hand hygiene market during the projected period. Liquid handwash is a must-find product in the hospitality sector as it involves guests visiting on a frequent basis. With the increasing purchase and consumption of meals from restaurants, there exists great importance for proper and adequate hand hygiene at food preparation facilities.

Insights by distribution channel:

The market by distribution channel is divided into direct and indirect segments. As of 2022, the direct channel segment held most of the market share due to its established relationships and personalised service. However, the indirect channel is predicted to experience a more pronounced CAGR throughout the projected period. The indirect channel, particularly the online segment, is expected to grow significantly due to the strategic expansion of major players into e-commerce and evolving consumer preferences.

The 306-page report includes profiles of key players, including:

* Cleenol Group
* GOJO Industries
* Kimberly-Clark
* Kutol
* Medline Industries
* Neogen
* P&G

Also included are other prominent vendors such as:

* Betco
* B4 Brands
* Christeyns
* Diversey
* Essity
* Ecolab
* EcoHydra Technologies
* Henkel
* Hagleitner Hygiene International
* Georgia-Pacific Consumer Products
* 3M
* Midlab
* Paul Hartmann
* Rentokil Initial
* Reckitt Benckiser
* Sani Marc
* Saraya
* SC Johnson Professional
* Solaris Paper
* Spartan Chemical Company
* Steris
* Clorox Company
* Unilever Professional India
* Vectair Systems
* Vi-Jon
* Whiteley

For more information visit

www.researchandmarkets.com

15th February 2024




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