June 30, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Liquid Hand Soap Market.
It was estimated prior to this unanticipated outbreak that the Liquid Hand Soap Market is likely to witness an impressive CAGR of 10.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Market Scope & Segmentation
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.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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By Distribution Channel Type
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.
By Application Type
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.
Some of the key players in the liquid hand soap market are-
- 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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Liquid Hand Soap analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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