According to Inkwood Research, the China hand sanitizer market is projected to record a CAGR of xx% during the forecast period, 2019-2023. Globally, consumers have become more cautious about various infectious diseases being spread via contact. In 2020, the COVID-19 pandemic has caused a major impact on the hand sanitizer market globally. Consumers are taking precautionary measures while traveling, in public, or even when contacting others during their day to day activities. Although not much is known about the disease-causing virus (SARS-COV-2), one can take preventions against it, by sanitizing and washing hands regularly. So many campaigns and programs have been carried out, concentrating on adopting a daily handwashing regime. Due to this, the adoption of hand sanitizers has risen globally, and the same has led to the launch of many local and international vendors competing against each other with a wide variety of products and complementary service offerings.
The impact of COVID-19 pandemic on the hand sanitizer market has resulted in a tremendous increase in the sale of the hand sanitizer products in all the major economies, including China. The reduction in the Chinese supply will also affect the productive capacity, and therefore, the exports of any given country, based on their dependency on the Chinese suppliers. Moreover, due to the rising demand for hand sanitizer in the country, many new entities have entered into the market to produce hand sanitizer. The established companies are also expanding their production to meet the increasing demand. For instance, BeCleanse, a hand sanitizer manufacturer in China for more than 10 years, has earned a nod from the Food and Drug Administration (FDA) to build custom orders.
The study aims to get an overview of China’s hand sanitizer market in terms of various factors. Within this report, the analysis of the hand sanitizer industry in China, along with the country's economy snapshot, has been discussed. Also, value chain analysis, PEST analysis as well as the impact of COVID-19 in China and the government regulations have been studied in detail. The detailed study of the economic stimulus being provided by the government of China in order to ease the COVID-19 pandemic has also been included.
TABLE 1: HAND SANITIZER MARKET IN CHINA, BY PRODUCT, 2019-2023 (IN $MILLION)
FIGURE 1: VALUE CHAIN ANALYSIS
FIGURE 2: GEL-BASED HAND SANITIZER MARKET IN CHINA, 2019-2023 (IN $MILLION)
FIGURE 3: LIQUID HAND SANITIZER MARKET IN CHINA, 2019-2023 (IN $MILLION)
FIGURE 4: FOAM-BASED HAND SANITIZER MARKET IN CHINA, 2019-2023 (IN $MILLION)
FIGURE 5: SPRAY HAND SANITIZER MARKET IN CHINA, 2019-2023 (IN $MILLION)
FIGURE 6: HAND WIPES HAND SANITIZER MARKET IN CHINA, 2019-2023 (IN $MILLION)