The global market size of household cleaning products is estimated at USD 164 billion in 2019 and is projected to reach USD 253.76 billion at CAGR 4.97 per cent over the forecast period. In addition, this analytical market research report presents an in-depth analysis of the global market for household cleaning products to keep ahead of the top competitors. Estimated data has been elucidated through different infographics such as graphs, charts, tables and diagrams for a better understanding of the subject matter. This innovative research report is an excellent source of more accurate data on the global market for household cleaning products in order to make further well-informed business decisions. Additionally, it offers several aspects of the global market like productivity, revenue generation, financial overview, a management summary, and chief executive quotes on the recent technological advancements in the global market. The global statistical report presents all-inclusive sources of updated data for making strategic decisions as well as strategic planning in global businesses.
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Following factors are encouraging or driving the global market growth:
Increasing the availability of household cleaning products in different fragrances and quantities is a key factor projected to boost the target market growth. In addition, rising urbanisation, an increasing tendency to maintain personal and environmental cleanliness are some of the important factors that are expected to boost the growth of the global market. Some of the leading manufacturers are focusing on offering eco-friendly products and chemical-free household cleaning products, which are other aspects intended to boost the growth of the global market.
The Leading Companies Functioning In the Household Cleaning Products Market:
- Church & Dwight Co. Inc
- Colgate-Palmolive Co
- SC. Johnson & Son Inc
- The Clorox Co
- Unilever
- Kao Corp
- The Procter & Gamble Co
- Reckitt Benckiser Group Plc
- Godrej Consumer Products Ltd
- Henkel AG & Co
Driving Factors:
- The market is increasing the popularity of natural and plant-based household cleaning products. Manufacturers combine natural ingredients such as natural fragrance oils and plant extracts in products such as dishwashing detergents. These products are also free of harmful chemicals, alcohol and other toxic substances. Growing consumer demand for the use of eco-friendly products. As a result, household cleaning products will increase during the forecast period.
- Nowadays people expect a clean and clear lifestyle. Household cleaning products play an important role in consumer life. It is very important to keep the home and the area clean for a healthy and pleasant environment. People want more efficient and less effort-free products without compromising costs. This factor increases the demand for household products.
- In humans, the busy lifestyle various customers prefer products which require less time and give maximum result. Household products save consumers’ cleaning time. Hence influences the growth of the household product market.
- Nowadays everyone takes new houses and rental houses have been fueling the household product market.
- Dishwashing liquid is the key factoring of rise the market growth because peoples in urban areas also upgrading to use of Dishwashing liquid. These factors increase the household product market.
- COVID-19 increased concern about the preservation of household cleanliness boosting the household product market.
Restraining Factors:
- Harmful chemicals are present in cleaners that have affected the skin and sometimes also inhaled increased use of household cleaning products such as fabric, glass cleaners, flooring has increased various chronic diseases. These factors hinder the growth of the global market.
Regional Insights:
- The global market for household cleaning products has been examined in various global market regions such as North America, Asia-Pacific, Africa and Europe, Latin America and the Middle East, on the basis of different global market perspectives.
- In Europe increasing awareness regarding health, hazardous environmental impacts of cleaning products, and hygiene in countries including Germany, the U.K., and France hence in Europe region boosting the demand for household cleaning products.
- Asia Pacific has major manufacturers as well as domestic ones. Due to the increasing focus on cleanliness and hygiene, they are launching new products. Ecological, home and personal care products have also been launched under the brand name ‘Clean & More.’ These newly launched products are increasing the growth of the household products market.
- North American region has greener household product manufacturers. Customers are attracted to natural products. Due to all these factors, this market is growing in the North American region.
The global informative report collected data based on the following perspectives:
- Analysis of global market dynamics such as market drivers, restraints, threats, challenges, and opportunities
- Detailed analysis of latest technological advancements integrated into the Household Cleaning Products market
- Global market values and market volume estimation over the forecast period
- Profiling of leading key players and the competitive landscape of the global household cleaning products market
- Regional presence of the Household Cleaning Products market into various global regions
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