Global Liquid Hand Soap Market size worth over USD 5 billion by 2027

According to a new research report by Global Market Insights Inc., the global Liquid Hand Soap Market size is set to surpass USD 5.0 billion by 2027. The rising use of cleaning products to prevent the spreading viruses and infections in hospitals, and diagnostic centers, clinics, will support the liquid hand soaps market growth over the forth coming years.
 

Changing lifestyles and rising pollution levels have increased consumer concerns regarding hygiene and skin health, which should boost consumer spending on personal hygiene products. Additionally, soap manufacturers are increasingly engaged in product innovations, easy availability, the incorporation of newer fragrances, the development of distinctive products for men & women, and attractive packaging should contribute to the liquid hand soap market growth.

 

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Wide advantages of using bottle in packaging led to increased product demand

Bottle packaging of liquid hand soaps is anticipated to show significant share over 50% in the forecasted period and reach at the value of USD 2.5 billion by the end of 2027. There is different material are being used in the production of bottle for liquid hand soap packaging include glass and plastic. In which plastic bottle is widely used, owing to its light in weight and good in mechanical properties. Also, the plastic materials can be easily modified into a different variety of bottle shapes and aid to attract customer with innovative appearance and shape. Hence, these multiple benefits of bottle packaging should support the liquid hand soaps market share in the upcoming years.
 

Strategic innovation by hypermarket/supermarket store resulted in large number of consumers opting for hypermarket/supermarket retail store.

Hypermarket/supermarket segment in the liquid hand soaps market is projected to show largest share of over 35% and is expected to reach the value of USD 1.5 billion by the end of 2027. There is continuous increasing in number of hypermarket/supermarkets all around the globe compared to individual stores and other store. It is owing to adaptation of various innovative strategy by hypermarket/supermarket retailers, such as events and classes, in-store pop-ups, analytics for personalized customer experiences, sustainability, home delivery, aiding product discovery and hybrid shop-and-eat concepts.
 

Cost effective and high cleaning properties of synthetic liquid hand soaps anticipated to fuel its demand in the market

Synthetic liquid hand soaps segment held significant share in the global industry and was valued over USD 3 billion in 2020. Synthetic liquid hand soaps have more cleansing properties compare to organic liquid hand soaps such as fatty acids, glycerin, vegetable oil and many others. Additionally, the cost of synthetic liquid hand soaps is comparatively low to organic liquid hand soaps, owing to easy availability of raw material and low cost of raw material. It is also available in numerous fragrances, henceforth, the various fragrances, strong cleaning and cost-effective property led to drive the growth of synthetic liquid hand soaps in the global market.
 

Plenty application of liquid hand soaps in the commercial sector led to propel the product demand over the forecasted period

The commercial application is anticipated to show significant growth of over 10% of CAGR over the forecasted period. There are numerous commercial applications of liquid hand soaps includes, hospitals, malls, offices, restaurants, and many others. In which, the restaurants segment is expected to show significant growth in the commercial segment owing to rising government rules and regulations towards food safety. Moreover, post the outbreak of covid-19 there is strict guideline has been issued by the government for hygiene and safety of employees working in the restaurant sector. Hence, these multiple factors are helping to upsurge the growth of liquid hand soap market in the restaurant sector.
 

Browse key industry insights spread across 170 pages 189 market data tables and 32 figures & charts from the report “ Global Liquid hand soaps Market By Packaging (Pouch, Bottle, Tube), By Application (Household, Commercial {Hospitals, Malls, Offices, Restaurants}), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Pharmaceutical Stores, Online Stores) By Nature (Organic, Synthetic), Industry Outlook Report, Regional Analysis, Application Development, Competitive Market Share & Forecast,in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/global-liquid-hand-soap-market
 

Key industry participants include Unilever, The J.R. Watkins and Co., GlaxoSmithKline, Kimberly Clark, Cleenol Group, LES ROBINTES PRESTO S.A., Christina May, GOJO Industries, Method Products, Johnson & Johnson and others. These industry players are engaged in R&D investment towards organic product development. Furthermore, some of the industry players are involved in expanding their global presence by increasing their production capacity by opening a new manufacturing facility and strategic mergers & acquisitions.
 

Growing healthcare industry in the Middle East and Africa region anticipated to propel the product growth in the healthcare sector industry.

The Middle east and Africa region anticipated to grow with the highest CAGR over 11.5% in the forecasted period and expected to reach at the value of USD 460 million by the end of 2027. The growing healthcare industry in the Middle East and Africa region led to fuel the growth for liquid hand soaps industry.
 

Saudi Arabia, Iran, Egypt, and UAE together covers more than 85% of Middle East and Africa’s healthcare share and show huge potential for liquid hand soaps market growth. In addition, the government of Middle East and Africa region prioritizing the healthcare in their annual budget. Whereas the Middle East healthcare market is growing 10%, which is twice fast as the global healthcare market. Therefore, these factors should support to propel the market growth over the coming timeframe.
 

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