Key vendors to strategically focus on inorganic growth through M&As.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global sanitizer market in their latest research report. This report also lists 16 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global sanitizer market comprises of diversified international and regional vendors. The international players in the market are focusing on inorganic growth through the acquisition of regional and local players in the market space. Regional players in the market find it increasingly difficult to compete with larger players, especially on features such as quality, pricing, market reach, and financial resources. The competitive environment in this market will intensify further with an increase in product/service extensions, product innovations, and M&As.
According to Abhay Sinha, a lead analyst at Technavio, “APAC countries such as Malaysia, India, Vietnam, Indonesia, and Malaysia are lucrative markets sanitizers. The high spending capacity and improving economic conditions in these countries are also fueling market growth, making it an attractive market to launch new products.”
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Top four vendors in the sanitizers market space
3M company
3M is a diversified technology company with a global presence in industrial, healthcare, electronics and energy, safety and graphics, and consumer businesses. The company has an expertise in product development, manufacturing, and marketing.
Key products: 3M Sanitizer Concentrate and 3M Avagard Handrub.
Procter and Gamble
P&G offers consumer products through grocery stores, high-frequency stores, membership club stores, department stores, drugstores, e-commerce platforms, and mass merchandisers. The company has a wide geographical presence and a broad product and brand portfolio for both consumers as well as professional segments.
Key products: DCT Hand Sanitizer, Clean Quick Broad Range Quaternary Sanitizer, Clean Quick Chlorine Sanitizer, and Clean Quick Chlorine Sanitizer and Cleaner.
Reckitt Benckiser
Reckitt Benckiser manufactures and distributes a wide range of household, toiletry, pharmaceutical, and food products on a global basis. The company’s product offerings include fabric treatments, disinfectant spray and cleaners, dishwashing detergent, personal care products, food products, and prescription drugs.
Key products: Dettol Instant Hand Sanitizers and Dettol Instant Hand Sanitizing Wipes.
Unilever
Unilever is a multinational fast-moving consumer goods (FMCG) company, which operates in more than 190 countries and claims to be present in seven out of 10 households globally. The company gets 58% of its business from the emerging markets such as APAC.
Key products: Lifebuoy- Hand Sanitizer, Lifebuoy- Hand Sanitizer Nature, Lifebuoy- Hand Sanitizer Active fresh, and Lifebuoy- Hand Sanitizer Mild Care.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Sanitizer Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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