LONDON–(BUSINESS WIRE)–#HandSanitizerMarketinIndia–Technavio has been monitoring the hand sanitizer market in India and it is poised to grow by $ 405.31 mn during 2020-2024, decelerating at a CAGR of over 62% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the hand sanitizer market in India. The market growth in 2020 is likely to increase compared to the market growth in 2019.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Dabur India Ltd., Emami Ltd., Godrej Consumer Products Ltd., GOJO Industries Inc., ITC Ltd., Marico Ltd., Reckitt Benckiser Group Plc, The Himalaya Drug Co., and Unilever Group are some of the major market participants. The rising incidences of infectious/pandemic diseases will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this hand sanitizer market in India forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Hand sanitizer market in India 2020-2024: Segmentation
Hand sanitizer market in India is segmented as below:
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Hand sanitizer market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hand sanitizer market in India report covers the following areas:
This study identifies growing demand for product customization as one of the prime reasons driving the hand sanitizer market in India growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hand sanitizer market in India 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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