Liquid Hand Soap Market Growth Rate and Industry Analysis 2021-2026

The Liquid Hand Soap Market report from Stratview Research is an in-depth study of the market dynamics across the globe. According to the report, the market is segmented by Packaging Type (Pouch, Bottle, and Tube), by Distribution Channel Type (Supermarkets/Hypermarkets, Convenience Stores, Pharmaceutical Stores, Online Stores, and Other Stores), by Nature Type (Organic and Synthetic), by Application Type (Households and Commercial [Hospitals, Malls, Offices, Restaurants, and Others]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Liquid Hand Soap Market Insights

Liquid hand soap is a cleansing agent in the form of liquid which is made from a mixture of the sodium salts of different fatty acids of natural oils and fats.

Liquid Hand Soap Market is likely to witness an impressive CAGR of 10.0% during the forecast period. Major factors such as growing demand for effective liquid hand wash solution due to rapid increase in coronavirus cases, increasing awareness on safety & hygiene practices, and growing demand for economical pouch solutions are expected to boost the growth of the market during the forecast period.

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Segment Analysis

The report provides detailed insights about the segment and attractive opportunities in each segment. Market segmentation helps businesses learn about the target customers, minimize risk by figuring out which products are the most likely to earn profit, and find the best ways to promote and deliver those products to the market.

This report is segmented specifically by the following –

Based on the distribution channel type, the market is segmented as supermarkets/hypermarkets, convenience stores, pharmaceutical stores, online stores, and other stores. Online store is estimated to account for the major share of the market during the forecast period on account of rapid penetration in online retail and growing investments in online marketing. The industry players offer various types of schemes, discounts in order to attract customers and increase their demand among consumers, fueling the segment’s growth over the forecast period.

Based on the application type, the market is segmented as households and commercial. The commercial segment is further divided into hospitals, malls, offices, restaurants, and others. Hospital is estimated to witness high growth in the market during the forecast period on account of growing demand and increasing penetration of medical grade liquid wash solution for both staff and patients to maintain proper hygiene in hospital premises.

In terms of regions, North America is estimated to be the leading region in the market during the forecast period on account of growing awareness and increasing adoption of health & hygiene trends to decrease viral and bacterial breakouts. Most of the industry players in the region are rapidly involved in developing new products, in order to enhance their brand image and provide new products with high quality solutions, fueling the regional market growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the market during the forecast period.

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Research Methodology

The Liquid Hand Soap Market report is the outcome of thorough analysis of the factors impacting the market size and forecast. Several articles, whitepapers, annual reports, and millions of data are analysed to derive meaningful insights related to the market. Exploratory and in-depth primary interviews are conducted with the industry veterans to gain vital insights that are critical for market analysis and forecasting.

Key Players

According to the report, below given is a list of key players active in the Liquid Hand Soap Market –

  • Cleenol Group
  • GlaxoSmithKline Pharmaceuticals Limited
  • GOJO Industries Inc.
  • Henkel Corporation
  • Kao Corporation
  • Kimberly-Clark Corporation
  • Lion Corporation
  • Medline Industries Inc.
  • The Procter & Gamble Company
  • Unilever Plc.

About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries. With this report, Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or connect with our experts at – +1-313-307-4176

 

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