Answer to Question #212041 in Microeconomics for arun

Question

How will the global hand sanitizer market get affected in the short- and long-term by the COVID-19 pandemic?

Answer 1

The COVID-19 pandemic has led to the rise in demand of the hand sanitizers used to kill germs for protection against the virus, hence leading to rise in demand for the product during COVID-19 crisis.

Some of the liquor companies will also show positive growth during COVID-19 as most of them are engaged in manufacturing of alcohol-based sanitizers.

As the demand for sanitizers increase with the pandemic, many beauty producing companies may begin to produce hand sanitizers as well to meet the growing demand therefore leading to an economic growth in the long term as many companies experience business growth.