The global sanitizer packaging market is expected to garner a market value of US$ 25 Billion in 2023 and is expected to accumulate a market value of US$ 42.7 Billion by registering a CAGR of 5.5% in the forecast period of 2023 to 2033. The outbreak of the COVID-19 pandemic has driven the growth of the sanitizer packaging market.
Factors supporting the growth of sanitizer packaging market are listed below
Increasing prevalence of various respiratory diseases in the past few years and the outbreak of COVID provide across the world, the sanitizer packaging market is expected to grow at exponential rates during the forecast period.
Sanitizer works as a shield to avoid the spread of infectious diseases. The sanitizer packaging is available in many formats bottle, spray, jar, and others. The sanitizer packaging is useful in storing and carrying sanitizer with preserving value. The sanitizer is available in gel, foam, sprays, liquid, and wipes format.
Increasing usage of sanitizer due to increased viruses and disease is the major factor in uplifting the sales of the sanitizer packaging market. The increased risk of contamination and infections drives the growth of sanitizer packaging in many end-use industries.
The availability of sanitizer in different packaging with different fragrance flavors propels the sales of sanitizer packaging during the forecast period. Also, the sanitizer packaging protects the product from external environmental factors which drives the sales of sanitizer packaging. Moreover, the increased usage of sanitizer in offices, schools & colleges, homes, and other public places generates massive demand for sanitizer packaging.
The increased cases of coronavirus have created a sizable opportunity for market development. There has been an unexpectedly large demand for sanitizer. The increased demand for sanitizer led to a supply gap which allowed the entry of new players into the market and ultimately pushed the sanitizer packaging market.
North America is anticipated to grow immensely due to the shift in consumer behavior toward personal care, health, and hygiene after the pandemic. In addition, increasing purchasing power and government policies towards hygiene and sanitization have reflected the potential growth of the sanitizer packaging market. Asia Pacific has a significant global market share in the sanitizer packing market owing to the presence of sanitizer manufacturers in the region and the increased usage of hygienic products by consumers.
FMI research indicates that sanitizer packaging shows great potential for not only durability but improving outcomes for buyers in different areas. The sanitizer packaging should meet the objectives like:
The manufacturers of the sanitizer packaging market offers a wide selection of bottle sizes, and material choices factoring in elements such as thickness, and resistance to bring out the best in sanitizer packaging and. Some of the main player in the market include Precise packaging, berry global, SKS bottle, FH packaging. The key manufacturers are focusing on sustainability parameters while manufacturing the product with less environmental impact as compared to traditional sanitizer packaging and this is expected to boost the market in coming years.
Many players manufacture sanitizer in many formats such as gel-based, foams, wipes, and spray formats. Also, manufacturing sanitizer using an organic component is likely to boot the demand for sanitizer packaging. Due to the severe impact of covid-19 pandemic across the globe, many small players are increasing in sanitizer production thus many small-scale manufacturers contribute to a major share in the sanitizer packaging market.
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Hand sanitizer is a alcohol based cleaning solution. It is widely used for the prevention of infection which can be easily transmitted through hands. It is recommended to use hand sanitizer when there is non-availability of soap and water. Sanitizers are used majorly in schools, colleges, offices, hospitals and retail outlets. High demand for sanitizer is likely to directly impact the growth of sanitizer packaging market.
Chronic illnesses, risks of contamination and infection is likely to hike the demand for sanitizer packaging. Portability and convenience are attributes which might increase the demand for sanitizer packaging market.
The demand for hand hygiene has high demand in brick and mortar and online stores due to the consumer awareness regarding the importance of health and cleanliness. These factors are likely to boost the demand for sanitizer packaging market.
Hand sanitizers are convenient to use anywhere and have an advantage over washing hands. The sanitizers come in variety of sizes and fragrances. Various packs as per the end-use of sanitizer along with refillable pouches and bottles enhance the use to sanitizers. Hand hygiene is one of the most important element of personal care and is expected to augment the market demand for sanitizer packaging.
Lightweight and strongly sealed sanitizer packaging makes it ideal for expansion and catering of e-commerce demands. Use of dispensers allow the users to sanitize their hands easily and keeps it safe from exposures. Packaging for sanitizer with effective barrier films protects the product from external exposure. This keeps the product safe for usage without reducing the effectiveness of the product.
Aesthetics and appealing designs such as customisable key chain or different covers for sanitizer bottles is likely to increase the market demand for sanitizer packaging. Leakproof and barrier properties are the highly preferred attributes of sanitizer packaging.
Furthermore, increasing awareness for hand hygiene through online campaigns and government promotions has led to high demand in usage of sanitizers. This is likely to drive the demand for sanitizer packaging. Developments in the sanitizer market such as using organic ingredients for manufacturing of sanitizer is likely to boost the demand for sanitizer packaging.
Principal Consultant
North America is likely to lead the global demand for sanitizer packaging. Growing concern for health and hygiene is likely to propel the growth of sanitizer packaging. Large number of players manufacturing sanitizers in various forms such as gel based, foams, wipes and sprays is likely to boost the demand for sanitizer packaging in the region.
Asia Pacific region is expected to grow due to the large population and increasing concerns and awareness regarding health and hygiene. Convenience and portability have been the key attributes for driving the demand in the Asia Pacific region. Moreover, splurge in the E-commerce is likely to boost the demand for sanitizer packaging.
Key players in the Sanitizer Packaging Market are as follows,
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Sanitizer Packaging market can be segmented on the basis of type and end-use.
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Sanitizer Packaging Market
