Global Liquid Hand Soap Market size worth over $4.6 billion by 2026

According to a new research report by Global Market Insights, Inc., the global Liquid Hand Soap Market size is set to surpass USD 4.6 billion by 2026. Increasing consumer consciousness on health and safety measures along with shift towards organic ingredients is likely to boost the product demand.
 

Industry players are producing liquid hand soaps with low concentration of chemicals and shifting towards natural products. Rapid utilization of plant based oils rich in natural antioxidants are widely used in manufacturing high quality solutions which should boost liquid hand soap market share.

 

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Liquid hand soap market from organic is likely to grow with CAGR of over 10% through 2026 owing to increasing awareness on hygiene and safety standards. Industry players are rapidly adopting natural ingredients in an attempt to market their products using green and sustainable taglines. Furthermore, rapid inclination towards organic solutions and rising inclination towards high quality products should augment market share.
 

Increasing penetration of organic hand wash cleaning solutions in residential & commercial applications should foster product demand. Increasing competition in industry sphere has led to rapid innovation in product lines. Manufacturers are rapidly introducing new products with natural fragrances & additives such as olive oil, neem, and aloe vera extracts which is likely to stimulate liquid hand soap market.
 

Strict regulations in North America & Europe on the use of harmful chemicals is changing dynamics in industry sphere. Manufacturers are rapidly innovating with their product like to offer safe, dermatologically tested, and high quality solutions. Furthermore, industry players are also adopting high quality and attractive packaging solutions in an attempt to boost impulse buying which is likely to boost the liquid hand soap market growth.
 

Browse key industry insights spread across 170 pages with 189 market data tables and 31 figures & charts from the report, “Global Liquid Hand Soap Market Size 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, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/global-liquid-hand-soap-market
 

Stringent safety regulations in offices to protect workforce from bacterial and viral outbreaks to boost product demand

Liquid hand soap market from offices is likely to grow by 9% through 2026 owing to strict compliances to protect workforce. Industry players are developing solutions that are easy to use, provide quick action germs and reduce the risk of touch contamination. Additionally, rapid investment in installing automatic liquid hand soap dispensers and rising awareness on health & hygiene is likely to boost product demand.
 

Increasing cases of COVID – 19 and rising demand for advanced solutions are likely to boost the liquid hand soap market demand. Manufacturers are rapidly developing solutions for offices and industries in an attempt to capitalize on emerging trends in market sphere. Furthermore, industry players are rapidly investing in contingency planning and opting for measures such as installing sensor based liquid soap dispensers to reduce risk of contamination.
 

“As per industry forecasts, offices application segment is likely to surpass USD 240 million by the end of 2026 owing to rising demand for advanced and quick acting solutions”.
 

Increasing investment in installing automated liquid soap dispersers and stringent regulations to reduce risk of contamination to boost market share in Europe

Europe liquid hand soap market is likely to grow with CAGR of over 9.5% through 2026 owing to increasing awareness on healthy & hygiene trends. Rapid investment by government and private sector to reduce risk of viral and bacterial outbreaks along with adoption of strict compliances should positively impact the market. Consumers in this region are rapidly moving towards high quality solutions to ensure maximum protection.
 

Industry players in the region are rapidly investing in new product development and rapidly opting for high quality ingredients to stay competitive in post COVID economy. Manufacturers are also investing in securing their raw material supply to provide competitive price advantage. Additionally, changing healthcare trends in the region and rapid adoption of high performance solutions should propel liquid hand soap market share. 
 

“As per industry forecasts, Europe liquid hand soap market is likely to surpass USD 1.1 billion by 2026 owing to increasing investment in installing sensor based liquid soap and sanitizer solutions along with strict regulations on hygiene in public spaces”
 

Key market players in liquid hand soap industry are rapidly engaged in new product development and collaborating with diverse industries to provide targeted solutions. Manufacturers are also investing in biotechnical research to market their product with green and sustainable taglines in an attempt to improve brand equity. Important players in industry sphere include 3M, Medline Industries, Unilever, Procter & Gamble, GOJO industries, 3M, AVON, Kao Corporation, Johnson & Johnson, Colgate – Palmolive, Henkel Corporation, and Method Products.
 

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