TSXV:EAST.H - Post by User
Post by
Geld1111on Aug 05, 2020 7:28pm
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Post# 31369936
Personal hygiene/cleaning markets poised for strong growth
Personal hygiene/cleaning markets poised for strong growth "The personal hygiene and cleaning products markets are poised for strong growth long after the COVID-19 pandemic subsides.
Even once the spread and threat of COVID-19 is long gone, there's likely going to be a greater focus on cleanliness in society as people have become more aware of how easy it is to spread diseases through day-to-day activities. Cleaning products, including hand sanitizers, are going to be in high demand.
Research company Future Market Insights projects that the global hand sanitizer market will be worth $2.8 billion by 2030, growing at a rate of more than 7% every year. Projections from Research and Markets are even more optimistic with analysts expecting the market to be worth $3.65 billion by 2026, averaging annual growth of 12.3%.
Regardless of which growth rate is realized, there's good reason to be bullish on the sale of hand sanitizers for the foreseeable future."
Quote by David Jagielski
Writer for fool.com and fool.ca