Global Hand Warmer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Hand Warmer market:
The latest research study on the global Hand Warmer market finds that the global Hand Warmer market reached a value of USD 1465.52 million in 2022. It’s expected that the market will achieve USD 1981.96 million by 2028, exhibiting a CAGR of 5.16% during the forecast period.

Hand Warmers are heating devices that provide heat to the user through electric, chemical, or gas power. It is used for medical purposes as well as outdoor activities like camping and hiking. It is often considered a temporary replacement of fire by using fuel or lighter fluid.

Hand warmers are small (mostly disposable) packets which are held in the hand and produce heat on demand to warm cold hands. They are commonly used in outdoor activities. Most disposable hand warmers contain a mix of iron, water, activated carbon, vermiculite, cellulose, and salt. Once exposed to air, the iron oxidizes and releases heat in the process. Other types of warmers are available to provide soothing heat for muscular or joint aches.

Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities.

However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together.

increasing disposable income
With the rapid development of the global economy, people's disposable income has increased, so people's consumption habits have also undergone great changes.
Hand warmers are favored by more and more people because of their convenience, compactness and portability. The hand warmers offer convenient, affordable solution to keeping oneself comfortable in cold weather.
The increase in disposable income makes people increasingly pursue the enjoyment of material life. Hand warmers play a very important role in people's daily life. More and more people are willing to carry hand warmers to resist the cold.
The increase in people's disposable income will stimulate the growth of demand for hand warmers and promote the development of the hand warmers industry.

International trade risks
Many Hand Warmer suppliers’ export sales account for a large proportion of total sales. Especially in China, due to the unstable international macroeconomic situation, there will be certain changes in the exchange rate of RMB against the US dollar, which may have a certain impact on the export exchange of suppliers. As international trade is affected by political and economic events, tariffs and various trade barriers will affect the import and export business of suppliers, which may also restrict the development of some Hand Warmer industry participants.

Region Overview:
In 2021, the share of the Hand Warmer market in Asia Pacific stood at 49.48%.

Company Overview:
Kobayashi is one of the major players operating in the Hand Warmer market, holding a share of 3.75% in 2022.

Kobayashi
Having positioned international growth as one of its key drivers, the Kobayashi Pharmaceutical Group has been working diligently to increase sales in a total of six brands that include body warmers, cooling gel sheets for the forehead, OTC pharmaceuticals, deodorizing air fresheners, eye glasses cleaners, and oral hygiene products, primarily in the United States, China, Japan and Southeast Asia.

CaiHong
CaiHong covers an area of 100 acres. The company is a group enterprise integrating manufacturing, R&D, commerce and logistics of integrated products.
The main products are rainbow electric blankets, shoe dryers, heating appliances; rainbow electric mosquito coils, liquid mosquito coils, insecticides, mosquito coils; polyester staple fiber and needle-punched non-woven fabrics.

Segmentation Overview:
By type, Reusable Hand Warmers segment accounted for the largest share of market in 2021.

Disposable Heat Pack
Instant Heat Disposable Packs are ideal for immediate application of heat. The pack is quickly activated by breaking a liquid bubble with a small thump from the palm of your hand. There is no heating or microwaving required.

Reusable Hand Warmers
Hand warmers offer instant heat on cold winter days. Just pop the metal disk and massage the gel pad as the gel begins to crystallise, instantly releasing heat.
The hand warmers have the added benefit of being reusable. To 'reset' the crystallised pad to its original gel form, add the handwarmers to a pan of boiling water and allow to simmer until the crystals have completely dissolved. Allow to cool totally before handling. Each activation lasts up to 60 minutes and can emit heat of up to 54 degrees Celsius.

Application Overview:
The market's largest segment by application is the segment Daily heating, with a market share of 88.99% in 2021.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Hand Warmer market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Hand Warmer market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Hand Warmer and its sub-markets in an intuitive way.

Key Companies in the global Hand Warmer market covered in Chapter 3:
HotSnapZ
Kobayashi
Little Hottles
Haago
Aibeisi
PISEN
Thermopad
CaiHong
CYOANG
Ocoopa
Heat Factory
Nsure

In Chapter 4 and Chapter 14.2, on the basis of types, the Hand Warmer market from 2018 to 2029 is primarily split into:
Disposable Heat Pack
Reusable Hand Warmers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hand Warmer market from 2018 to 2029 covers:
Daily heating
Medical treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Hand Warmer market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029