The North America Hand Sanitizer Market size is expected to reach USD 1,379.4 million by 2026, exhibiting a CAGR of 7.1% during the forecast period.
Increasing Popularity of E-commerce to Boost Market Sales
The amplified purchasing of sanitizers on e-commerce platforms along with social distancing norms and lockdowns by governments will have a tremendous impact on the global market. According to the United States Census Bureau, in August 2020, the data displayed that the pandemic had a positive effect on the United States e-commerce, which would reach up to USD 211.5 billion with an increase of 31.8% from the first quarter, and a rise of 44.5% year-on-year. The high demand for sanitizers owing to the intensified cases of coronavirus will consequently shift consumers’ inclination toward e-commerce, thus propelling the market in the US.
Skyrocketing Sanitizer Demand to Favor Business during COVID-19
The increasing utilization of hand sanitizers owing to the precautionary measures to curb the spread of coronavirus will consequently improve the prospects of the market. According to the Centers for Disease Control and Prevention data issued, in September 2020 stated that the use of alcohol-based hand sanitizer can help protect oneself and others from the coronavirus. Also, the heavy consumption of sanitizers in hospitals and healthcare facilities to maintain strict safety protocols in regard to covid-19 will further promote the market in the coming months.
High Extent of coronavirus to Aid Market Development in the US
The United States is the leading market because it is the hardest-hit country by the Coronavirus. The need for hand sanitizers in the US will influence the healthy growth of the market. As per the data issued by Worldometers, in September 2020, 7.09 million were infected and 205,478 deaths cases of Covid-19 were reported in the United States, making it one of the worst-hit countries in the world. The growing need for disinfection and sanitization in research laboratories, healthcare facilities, shopping malls, and retailers will enable speedy expansion of the market in the region. Canada is expected to exhibit a steady growth rate owing to the high priority on healthcare and hygiene in the country. As per the Canadian Institute for Healthcare Information, Canada is anticipated to make spending of USD 200.6 billion or USD 5371.40 per person on healthcare.