Posted On: 2020-05-28
Alcohol-based sanitizers are anticipated to grow at the fastest pace in the overall Indonesia hand sanitizer market during the forecast period – 6Wresearch
The emergence of coronavirus spread along with growing awareness of personal and hand hygiene would drive the hand sanitizer industry of Indonesia in the forecast period. Furthermore, the demand for hand sanitizers is likely to witness a manifold increase in 2020 as a direct consequence of the corona pandemic and panic buying.
According to 6Wresearch, Indonesia Hand Sanitizer Market size is projected to grow at a CAGR of 9.7% during 2020-2026. Rising instances of viral infection and increasing awareness about the benefits of preventive measures such as sanitization would be the primary factors driving the growth of hand sanitizers in the country. Additionally, government measures such as mandating the use of hand sanitizers in commercial and manufacturing spaces along with relaxation in licensing requirements for disinfectant would also aid this growing trend in the coming years.
According to Akshay Thakur, Senior Research Analyst, Research and Consulting, 6Wresearch, “By end user, healthcare segment holds the maximum revenue share in the overall hand sanitizer market in Indonesia owing to the increased risk of viral infections and transmissions in such areas. As the awareness about sanitation increases, the domestic household end users are anticipated to come up as one of the key growth segments in the years to come. Additionally, government regulations mandating the use of hand sanitizers in commercial spaces would also open up new avenues for the hand sanitizer industry in Indonesia.”
According to Sahil Sharma, Research Analyst, Research and Consulting, 6Wresearch, “By product type, alcohol-based sanitizers are anticipated to emerge as the fastest-growing segment owing to their proven efficiency in preventing transmission of pathogens and bacteria as compared to non-alcohol-based sanitizers. Furthermore, liquid and spray-based sanitizers are also anticipated to grow rapidly in the forecast period due to their increasing usage in commercial spaces and healthcare domain.”
Some of the major companies in the Indonesia hand sanitizer market include Reckitt Benckiser, Unilever, Wings Corp, and Enesis Group.
"Indonesia hand sanitizer market(2020-2026)" provides an in-depth analysis with 14 figures covered in 75 pages. The Indonesia Hand Sanitizer market report comprehensively covers the market by product type, product form, distribution channel, and end-users. The Indonesia Hand Sanitizer market outlook report provides an unbiased and detailed analysis of the Indonesia Hand Sanitizer market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.