Hand Sanitizer Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: April 2024
NAICS OD4250Revenue
$61.8m
Past 5-Year Growth
Profit
$X.Xm
Employees
854
Businesses
23
Wages
$X.Xm
Hand Sanitizer Manufacturing in the US industry analysis
The pandemic led to essential shifts in the hand sanitizer marketplace. These shifts have benefited the industry and its significant manufacturers. In 2020, revenue and profit from hand sanitizer products skyrocketed as exponential demand caused temporary shortages, leading to increased imports as domestic manufacturers couldn't meet consumer needs. However, as the pandemic eased, the industry saw a dip in revenues and profits from unprecedented highs. Consumer preferences for hand sanitizers remained robust and expanded, and government policies focused on public health and hygiene. Despite the shutdowns, supply chain issues and input price increases, industry revenue grew at a CAGR of 3.4% through 2023 and is expected to reach $61.8 billion in 2024, when profit will hit 8.7%.
Trends and Insights
- Manufacturers reduced exports as domestic demand increased during the pandemic. Domestic demand surpassed production levels, resulting in higher imports during the period.
- Households continue to be the largest market. Supermarkets, retailers and convenience stores sell directly to downstream consumers, generating the most revenue.
- Easy access to inputs aids manufacturers. Producers based in the Great Lakes and the Southeast are near major chemical producers, reducing transportation costs.
- Gojo Industries and Vi-Jon dominate the market, mainly due to their large brand recognition and their achievement of economies of scale. These factors make it increasingly difficult for new manufacturers to enter the industry.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.4 % over the past five years, to reach an estimated $61.8m in 2024.
Trends and Insights
The pandemic leds to spikes and plunges in revenue and profit, moderated by government oversight
- Spending on health products skyrocketed during the early stages of the pandemic. Increased demand fostered hand sanitizer shortages as domestic manufacturers could not maintain higher production levels. The imbalance led to higher imports and sinking exports. Stores turned to controlling hand sanitizer sales, capping the number of hand sanitizers consumers could purchase.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Product innovation stays focused on health while demographic changes boost demand
- The pandemic has sparked and emphasized the emphasis on health and hygiene, resulting in a continuing rise in health expenditure. Governments have initiated health campaigns and disease prevention efforts while individuals have amplified their spending on health and hygiene products.
Biggest companies in the Hand Sanitizer Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Hand Sanitizer Manufacturing in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Gels, Wipes and Foams. Gels is the largest segment of the Hand Sanitizer Manufacturing in the US.
Trends and Insights
Gels remain the most popular option
- Gels are primarily alcohol-based, with a minimum concentration of 60%. Healthcare facilities and personal consumers use gels as a quick solution. Manufacturers produce various hand sanitizer sizes, enabling consumers to purchase products that match their needs.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Soap & Cleaning Compound Manufacturing in the US
Complementors
- Organic Chemical Manufacturing in the US
- Soap & Cleaning Compound Manufacturing in the US
- Cosmetic & Beauty Products Manufacturing in the US
- Chemical Product Manufacturing in the US
International industries
- Soap & Cleaning Compound Manufacturing in Canada
- Soap and Cleaning Compound Manufacturing in Australia
- Soap & Detergent Manufacturing in the UK
- Soap, Washing Powder and Synthetic Detergent Manufacturing in China
Table of Contents
About this industry
Industry definition
This industry manufactures hand sanitizers in various forms, including gel, foam, wipes and liquid (spray). Hand sanitizers and hand antiseptics offer alternatives to hand washing with antibacterial soap and water.
What's included in this industry?
Manufacturing of hand sanitizer gelsManufacturing of hand sanitizer wipesManufacturing of hand sanitizer foamsManufacturing of hand sanitizer spraysCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PRIVATE LABELH1N1BENZALKONIUM CHLORIDEPANDEMICIndustry Code
NAICS 32561 - Hand Sanitizer Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Manufacturers reduced exports as domestic demand increased during the pandemic. Domestic demand surpassed production levels, resulting in higher imports during the period.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Households continue to be the largest market. Supermarkets, retailers and convenience stores sell directly to downstream consumers, generating the most revenue.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Easy access to inputs aids manufacturers. Producers based in the Great Lakes and the Southeast are near major chemical producers, reducing transportation costs.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Gojo Industries and Vi-Jon dominate the market, mainly due to their large brand recognition and their achievement of economies of scale. These factors make it increasingly di...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Gojo Industries patents hand sanitizer with prebiotics and probiotics. This new product targets consumers looking for products with multiple purposes.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Oil prices skyrocket as international conflicts arise. These conflicts have caused purchase costs to increase, bringing revenue volatility when manufacturers are constrained ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit expanded amid skyrocketing demand. Hand sanitizer sales multiplied during the pandemic as consumers and businesses aim to slow the spread of the virus.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Hand Sanitizer Manufacturing in the US industry in United States in 2024?
The market size of the Hand Sanitizer Manufacturing in the US industry in United States is $61.8m in 2024.
How many businesses are there in the Hand Sanitizer Manufacturing in the US industry in 2024?
There are 23 businesses in the Hand Sanitizer Manufacturing in the US industry in United States, which has grown at a CAGR of 1.8 % between 2019 and 2024.
Has the Hand Sanitizer Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Hand Sanitizer Manufacturing in the US industry in United States has been growing at a CAGR of 3.4 % between 2019 and 2024.
What is the forecast growth of the Hand Sanitizer Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Hand Sanitizer Manufacturing in the US industry in United States is expected to grow.
What does the Hand Sanitizer Manufacturing in the US in United States include?
Manufacturing of hand sanitizer gels and Manufacturing of hand sanitizer wipes are part of the Hand Sanitizer Manufacturing in the US industry.
How competitive is the Hand Sanitizer Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Hand Sanitizer Manufacturing in the US industry in United States.
