There’s so much demand for hand sanitizer that Purell just doubled production, according to Purell’s parent company, GOJO, as noted by Rolling Stone. In fact, over the last month, the company said it “shipped more hand sanitizer to our retailer partners than any time in our history.” On top of that, “many retailers are still pricing the products at two or 3x the regular price. Savvy sites are hoping the increase in demand will also lead to an increase in profit, and it seems as though people have resigned themselves to the premium pricing.”
With demand unlikely to die off, Future Market Insights estimates the global hand sanitizer market could be worth $2.8 billion by 2030. Research and Markets estimates the market could be worth up to $3.65 billion in the next six years. In addition, according to Fior Markets, the market could be worth up to $2.14 billion. That being the case, the story is creating big opportunity for companies such as Better Plant Sciences Inc. (CSE:PLNT)(OTC:VEGGF), Kimberly Clark Corp. (NYSE:KMB), and Clorox Co. (NYSE:CLX), Neptune Wellness Solutions Inc. (NASDAQ:NEPT), and Pacific Ethanol Inc. (NASDAQ:PEIX).
Better Plant Sciences Inc. (CSE:PLNT) (OTC:VEGGF) BREAKING NEWS: Better Plant Sciences Inc. is pleased to announce that Amazon.com approved the listing for its hand sanitizer gel, which is manufactured by its subsidiary, Urban Juve. The hand sanitizer gel is listed with the FDA (NDC 75385-0010-1) and has received Natural Health Product Number 80098154 from Health Canada. Urban Juve’s Ultra Hydrating Hand Sanitizer Spray received Health Canada approval on March 27, 2020. The hand sanitizer gel will be live on the site later this month. Both the Hand Sanitizer Gel and Spray are available for purchase on Amazon.ca and urbanjuve.com in both Canada and the US.
“The popularity of Amazon is undeniable”, says Gabe Villablanca, Better Plant’s Director of eCommerce. “During these times, it is becoming more and more simple and stress-free to shop online, so we want to expand that accessibility across the top platforms.” In September of 2020, Urban Juve’s full line went live on Amazon.ca, offering free shipping on orders over $35. Due to high demand, the Hand Sanitizer Gel Urban Juve was advanced through the approval process to become the first Urban Juve product available on Amazon.com. The Company plans to continue to use data to guide where they will make products available online for the convenience of consumers.
Based on a survey of more than 2000+ US customers, 89 percent of buyers agree that they’re more likely to buy products from Amazon than other eCommerce sites (Feedvisor, 2019).
Other related developments from around the markets include:
Kimberly Clark Corp. (NYSE:KMB) announced the closing of its previously announced acquisition of Softex Indonesia, a leader in the fast-growing Indonesian personal care market. "This acquisition accelerates our growth with strong market share in key personal care categories across Southeast Asia's largest economy," said Mike Hsu, Chairman and CEO, Kimberly-Clark. "As we move ahead, we will leverage our combined strengths in innovation and brand building while maintaining the local market expertise and advantages that Softex Indonesia has built with its strong portfolio of brands."
Clorox Co. (NYSE:CLX) announced that on Monday, Nov. 2, it will host a live audio webcast of a discussion with the investment community about its first quarter fiscal year 2021 results. The webcast is scheduled to begin at 10:30 a.m. PT (1:30 p.m. ET) and can be accessed at Clorox investor events. A replay of the webcast will be available on the company's website.
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, announced that it had entered into a distributorship agreement with a subsidiary of The Kraft Heinz Company to market and distribute its products into India, Vietnam, the Caribbean Islands and Latin America. Neptune’s Health & Wellness Innovations division expects the partnership with Kraft Heinz will add significant incremental revenue beginning before the end of Neptune’s fiscal year 2021 and will dramatically expand global distribution opportunities for Neptune’s branded consumer packaged goods products throughout India, Vietnam, the Caribbean Islands and Latin America. The four regions have a combined population of more than 2.1 billion people, providing Neptune with unprecedented reach for its business.
Pacific Ethanol Inc. (NASDAQ:PEIX), a leading producer and marketer of high quality alcohol products and low-carbon renewable fuels in the United States, reported its financial results for the three and six months ended June 30, 2020. “Our strong second quarter financial results, including net income of $14.6 million and Adjusted EBITDA of $28.8 million, were driven by our diversified product portfolio and expanded production of high quality alcohol,” said Mike Kandris, Pacific Ethanol’s Co-CEO. “Our Pekin campus has produced industrial, chemical and beverage grade alcohol for over 100 years, and we recently announced an expansion of our production capacity to meet the demand for our high quality alcohol used in sanitizers and disinfectants, which has increased significantly due to the ongoing coronavirus pandemic. We also continue to experience strong demand for our high value feed and food products, which our Pekin facilities have produced for over 20 years.”
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