Thursday, 30 July 2020

India Hand Sanitizing Station Market Growth, Trend, Size, Share & Forecast 2025

Increasing health consciousness among the population is expected to drive the growth of India hand sanitizing station market

According to TechSci Research report, India Hand Sanitizing Station Market By Type (Floor Stand Sanitizers v/s Wall Mounted), By Mode of Operation (Automatic v/s Manual), By Sanitizer Type (Liquid, Foam, Gel), By Distribution Channel (Store-Based v/s Non-Store-Based), By Application (Residential, Commercial, Industrial), By Region, Forecast & Opportunities, FY2026, the India hand sanitizing station market is expected to grow at an impressive rate during the forecast period on account of the increasing disposable income, purchasing power and changing lifestyle of people in the country. Additionally, widespread installation of hand sanitizing units across restaurants, hotels, airports, academic institutions, corporate offices, among others, is further expected to fuel the market growth through FY2026. Furthermore, the sudden outbreak and spread of pandemic with surging cases in the country and India being among the top five worse hit countries by the pandemic, has increased the demand for hand sanitizers and installation of hand sanitizing stations across residential and commercial sectors. Besides, the country is witnessing increasing geriatric population suffering from chronic diseases such as cancer, CVD, diabetes, renal disorders, among others, thereby increasing the patient pool which requires various surgical procedures. This in turn is expected to propel the market growth over the next few years. Moreover, technological advancements and new product launches by the major players operating in the market is expected to create lucrative opportunities for market growth until FY2026. However, price based competition and emergence of local players might hamper the market growth during the forecast period. Also, emergence of counterfeit products might further restrict the market growth over the next few years. Additionally, various environmental and health concerns pertaining to the use of hand sanitizers might further impede the market growth through FY2026. 

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The India hand sanitizing station market is segmented based on type, mode of operation, sanitizer type, distribution channel, application, company and region. Based on type, the market can be split into floor stand sanitizers and wall mounted. Among these, the wall mounted sanitizing station segment is expected to dominate the market during the forecast period. This can be ascribed to the widespread use of wall mounted hand sanitization units across various commercial facilities such as restaurants, hotels, academic institution, among others, especially in the washrooms and near hand washing units. The floor stand sanitizers segment is expected to register significant growth in the market on account of their easy availability and low cost. Additionally, these are portable. Based on mode of operation, the market can be bifurcated into automatic and manual. Here, the automatic segment is expected to dominate the market since they are user friendly and help in maintaining proper hygiene concerns. Based on sanitizer type, the market can be categorized into liquid, foam and gel. The gel type is expected to witness significant growth in the market since they conveniently spread and penetrate into the skin. On the other hand, the foam segment is expected to hold significant market share since they easily penetrate through the skin and stay for a longer duration. Based on distribution channel, the market can be split into store-based and non-store-based. Here, the store-based segment is expected to dominate the market on account of the availability of wide range of options available at competitive prices.

Dolphy India Pvt. Ltd., STAIETECH LLP, Euronics Industries Pvt. Ltd., Conmed Devices Pvt. Ltd., BPE INNOVATIONS PVT. LTD., NR Hygiene Solutions, Sudhai AirTech Private Limited, Mazaf International Agencies Pvt Ltd, Kwick Living (I) Pvt Ltd (Beco), Bluepoint Office Solutions and others are some of the leading players operating in India hand sanitizing station market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“India hand sanitizing station market is expected to register significant growth during the forecast period on account of the surging cases of COVID-19 in the country. This has made the use of hand sanitizers and installation of hand sanitizing stations across different residential, commercial and industrial spaces, the new normal. Furthermore, supportive government policies promoting the use of hand sanitizers in order to prevent the spread of infection is expected to propel the market growth through FY2026. Also, the ‘Make in India’ and ‘Self-sufficient India’ initiative launch by the government has led to the manufacturing of hand sanitizing stations or units in the country, thereby creating lucrative opportunities for market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Hand Sanitizing Station Market By Type (Floor Stand Sanitizers v/s Wall Mounted), By Mode of Operation (Automatic v/s Manual), By Sanitizer Type (Liquid, Foam, Gel), By Distribution Channel (Store-Based v/s Non-Store-Based), By Application (Residential, Commercial, Industrial), By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India hand sanitizing station market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India hand sanitizing station market.

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