Sri lanka Hand Sanitizer Market (2024-2030) | Growth, Forecast, Analysis, Companies, Outlook, Share, Industry, Value, Trends, Size & Revenue

Sri Lanka Hand Sanitizer Market Highlights

Report Name	Sri Lanka Hand Sanitizer Market
Forecast period	2024-2030
CAGR	11.5%
Growing Sector	Healthcare

Topics Covered in the Sri Lanka Hand Sanitizer Market Report

The Sri Lanka Hand Sanitizer Market report thoroughly covers the market by Product Type, Product Form, Distribution Channels, and End Users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Sri Lanka Hand Sanitizer Market Synopsis

The Sri Lanka Hand Sanitizer Market has anticipated growth over the years. This is due to growing awareness about hygiene, the convenience offered by them, government initiatives, and the wide availability of them. The market is expected to grow significantly in the coming years.

According to 6Wresearch, the Sri Lanka Hand Sanitizer Market size is expected to grow at a significant CAGR of 11.5% during 2024-2030. One of the major drivers for this growth is the increasing awareness about hand hygiene and its importance in preventing the spread of diseases. With the rise of pandemics and outbreaks, people have become more conscious about keeping their hands clean and free from germs. Another factor contributing to the growth of the hand sanitizer market in Sri Lanka is the convenience offered by hand sanitizer. Hand sanitisers are easy to carry and can be used anytime, anywhere without access to water or soap. The increasing number of government initiatives promoting personal hygiene practices has also played a significant role in the growth of the hand sanitizer market. Moreover, the availability of a wide range of hand sanitizer products with different fragrances and formulas has also contributed to market growth.

One of the major challenges is the lack of regulations on product quality and safety. Another challenge is the availability of counterfeit hand sanitizers, which is harmful to consumers. The high cost of hand sanitizers is also a barrier for some consumers, especially in lower-income households.

Sri Lanka Hand Sanitizer Industry Leading Players

Some of the key players operating in the Sri Lanka hand sanitizer market include Hemas Manufacturing (Pvt) Ltd., Reckitt Benckiser Group Plc., Procter & Gamble Co., Ceylon Care Plus (Pvt) Ltd., Dettol, and Lifebuoy. These players are constantly implementing strategies such as product innovation, collaborations, and marketing campaigns to gain a competitive edge in the market.

Sri Lanka Hand Sanitizer Market Government Regulations

One such initiative is the SafeGuard program launched by the Ministry of Health in collaboration with the World Health Organization (WHO). This program aims to promote proper hand hygiene practices among citizens and provides guidelines for hand sanitizer production and distribution. Additionally, the Sri Lankan government has waived import taxes on ethanol, a key ingredient in hand sanitizers. The government has also encouraged the use of locally-sourced raw materials in hand sanitizer production, providing support to local farmers and boosting the country's economy. Furthermore, the Ministry of Health has collaborated with various private sector organizations to distribute free hand sanitizers in public spaces such as train stations, bus stands, and hospitals.

Future Insights of the Market

The Sri Lankan hand sanitizer market is expected to grow remarkably in the coming years due to the increasing consumer awareness about hand hygiene and a growing focus on personal health and wellness. There has also been a surge in demand for natural and organic hand sanitizers, which presents opportunities for new players in the market. With the government's support and initiatives, the local manufacturing of hand sanitizers is likely to increase, leading to reduced prices and greater accessibility for consumers.

Market Segmentation by Product Type

According to Ravi Bhandari, Research Head, 6Wresearch, the alcohol-based hand sanitizer segment is growing significantly in the market due to its effectiveness against a wide range of bacteria and viruses, as well as its quick evaporation rate.

Market Segmentation by Product Form

In terms of product form, gel hand sanitisers are becoming popular among consumers. This can be attributed to their convenient packaging and ease of use.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Data Starting from 2020 to 2023.
• Base Year 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Sri Lanka Hand Sanitizer Market Overview
• Sri Lanka Hand Sanitizer Market Outlook
• Sri Lanka Hand Sanitizer Market Forecast
• Historical Data of Sri Lanka Hand Sanitizer Market Revenues for the Period 2020-2030
• Sri Lanka Hand Sanitizer Market Size and Sri Lanka Hand Sanitizer Market Forecast of Revenues, Until 2030
• Historical Data of Sri Lanka Hand Sanitizer Market Revenues, By Product Type for the Period 2020-2030
• Market Size & Forecast of Sri Lanka Hand Sanitizer Market Revenues, By Product Type, Until 2030
• Historical Data of Sri Lanka Hand Sanitizer Market Revenues, By Product Form for the Period 2020-2030
• Market Size & Forecast of Sri Lanka Hand Sanitizer Market Revenues, By Product Form, Until 2030
• Historical Data of Sri Lanka Hand Sanitizer Market Revenues, By Distribution Channels for the Period 2020-2030
• Market Size & Forecast of Sri Lanka Hand Sanitizer Market Revenues, By Distribution Channels, Until 2030
• Historical Data of Sri Lanka Hand Sanitizer Market Revenues, By End Users for the Period 2020-2030
• Market Size & Forecast of Sri Lanka Hand Sanitizer Market Revenues, By End Users, Until 2030
• Sri Lanka Hand Sanitizer Market Drivers and Restraints
• Sri Lanka Hand Sanitizer Market Trends
• Sri Lanka Hand Sanitizer Market Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Sri Lanka Hand sanitizer Market Share, By Players
• Sri Lanka Hand sanitizer Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments

By Product Type

• Non-Alcohol Based
• Alcohol-Based

By Product Form

• Gel
• Foam
• Spray
• Others

By Distribution Channels

• Online
• Offline

By End Users

• Healthcare
• Domestic Household
• Educational Institution
• Hospitality
• Others (Public & Private offices, Retail, Transportation, etc.)