With the outbreak of the novel Coronavirus in 2020, the sales for hand sanitizers have begun to grow around the globe. The hand sanitizers have become such a sought-after product amidst the pandemic that supermarkets and pharmacies have started limiting the number that people can buy at one time. Sales of hand sanitizers have increased globally over the past few weeks as consumers take protective measures to defend themselves from the contagious Coronavirus. At present, no cure has been found for the deadly Coronavirus, so in order to prevent themselves from the coronavirus infection, people have been advised to sanitize their hands rigorously. Several companies have started manufacturing hand sanitizers to help meet global demands.
In the United States, the FDA (Food and Drug Administration) published some guidance to help meet the surging demand for hand sanitizers during the Coronavirus outbreak. It has announced that during the public health emergency, corporations that are not registered drug manufacturers can register as over-the-counter drug manufacturers, and produce alcohol-based hand sanitizers. The announcement gave a new opportunity to the various companies to manufacture more hand sanitizers in the country to pacify the rising demand. For instance, Champion parent HanesBrands and Budweiser brewer Anheuser-Busch are some of the companies manufacturing hand sanitizers in order to quell the intensifying demands for hand sanitizers.
The report covers the impacts of the Coronavirus outbreak on the United States as well as the hand sanitizer market in terms of various factors. Overview of the government regulations in the United States with respect to the hand sanitizer market and the scenario analysis of the hand sanitizer industry in the United States have been discussed in the report. Moreover, the economic stimulus being provided by the government of the United States in order to ease the COVID-19 pandemic has been studied in detail, along with PEST analysis and the value chain analysis.
TABLE 1: HAND SANITIZER MARKET IN THE UNITED STATES, BY PRODUCT, 2019-2023 (IN $MILLION)
FIGURE 1: VALUE CHAIN ANALYSIS
FIGURE 2: GEL-BASED HAND SANITIZER MARKET IN THE UNITED STATES, 2019-2023 (IN $MILLION)
FIGURE 3: LIQUID HAND SANITIZER MARKET IN THE UNITED STATES, 2019-2023 (IN $MILLION)
FIGURE 4: FOAM-BASED HAND SANITIZER MARKET IN THE UNITED STATES, 2019-2023 (IN $MILLION)
FIGURE 5: SPRAY HAND SANITIZER MARKET IN THE UNITED STATES, 2019-2023 (IN $MILLION)
FIGURE 6: HAND WIPES HAND SANITIZER MARKET IN THE UNITED STATES, 2019-2023 (IN $MILLION)