Product ID: UCMIR30L2143
Report ID:
UCMIR30L2143 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The North American hand sanitizer market experienced a valuation of USD 1.30 billion in 2022 and is anticipated to witness steady expansion, reaching USD 1.86 billion by 2030 with a compounded annual growth rate (CAGR) of 4.9% during the forecast period, beginning from USD 1.33 billion in 2023. This growth can be attributed to the rising emphasis on health and hygiene amid the prevalence of infectious diseases, leading to the widespread adoption of hand sanitizers and cleansing gels. The surge in popularity of sanitizers can be attributed to their time-saving convenience, antibacterial properties, suitability for travel, and skin-friendly nature. Additionally, the demand for hygiene products is expected to increase, especially among individuals working in high-risk occupations like sewage cleaning, mining, and garbage disposal.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR30L2143