Hand sanitizer sales could rocket higher again with the coronavirus.
When the virus first hit, major companies across the U.S. raced to keep up with hand sanitizer demand. But it was nearly impossible with big demand. Even the makers of Purell, GOJO Industries found, “We are seeing a substantial increase in demand. We have experienced several demand surges in the past during other outbreaks, and this is on the higher end of the spectrum.”
All after the Center for Disease Control (CDC) strongly recommended using hand sanitizer with at least 60% alcohol.
Even the World Health Organization noted, “Use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty.”
“In the absence of a vaccine or effective antiviral drugs, hand hygiene is a mainstay of efforts to prevent the spread of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19,” added Medical News Today.
If we see a similar strong recommendation to use hand sanitizer, some of the top stocks to keep an eye on include:
- Clorox Co. (CLX)
- Kroger Co. (KR)
- Kimberly Clark Corp. (KMB)
- 3M Co. (MMM)
In addition, according to Fior Markets, the hand sanitizer market is expected to grow from $1.2 billion to $2.14 billion by 2027. With the outbreak of global pandemic, sales of hand sanitizers have already rocketed in most parts of the world. If the virus worsens, demand could go through the roof.