Global Household Cleaning Products Market To Grow $177.13 Billion by 2030 | CAGR 6.5 %.

Category: Advanced Materials

RELEASE DATE Nov 2022
REPORT ID SI1354

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Global Household Cleaning Products Market worth $177.13 Billion by 2030

According to a research report published by Spherical Insights & Consulting, the Global Household Cleaning Products Market size to grow from USD 100.50billion in 2021 to USD 177.13billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.5%during the forecast period.

 

Household Cleaning Products Market

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One of the key drivers of Household Cleaning Products market expansion is due to an increased attention on cleanliness and maintaining a hygienic atmosphere among people as well as an increase in the COVID-19 pandemic's prevalence.

Furthermore, it is anticipated that leading market participants would find the opportunities presented by the rising demand for environmentally friendly home cleaning products to be appealing. According to projections, an ageing population, expanding urbanisation, and rising income levels will drive Household Cleaning Products market demand.

 

Browse 51 market data Tables and 61 Figures spread through 279 Pages and in-depth TOC on "Global Household Cleaning Products Market Size, Share, and COVID-19 Impact Analysis By Product (Dishwashing products, Surface cleaners, Textured wheat protein, Glass cleaners, Laundry detergents and Others), By Distribution channel (Convenience stores, Online retail stores, Supermarkets/hypermarkets, and Other), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030." View a detailed Table of Content here – https://www.sphericalinsights.com/reports/household-cleaning-products-market

 

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs.

Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

 

The Surface cleanerssegment to account for the largest market size during the forecast period.

Based on the Product, the global Household Cleaning Products Market is categorized into Dishwashing products, Surface cleaners, Textured wheat protein, Glass cleaners, Laundry detergents and Others.The Surface cleaners segment to account for the largest market size during the forecast period.The Surface cleaners market category now has the largest market share and is anticipated to expand at a high CAGR over the anticipated years because Customers are increasingly reliant on surface cleaners to disinfect spaces around the home, which has had a substantial influence on the demand for surface cleaners because to the COVID-19 epidemic.

The use of cleaning solutions and the sales of surface cleaners have surged at an unprecedented rate as a result of the growing COVID-19 pandemic danger. The need for surface cleaning solutions has increased due to greater awareness of personal hygiene and the risk of contagious illnesses. The segment's expansion will be driven by the widespread availability of surface cleaning products at convenience shops, supermarkets, and hypermarkets.

 

The Convenience stores segment to hold a higher CAGR during the forecast period.

Based on the Distribution channel, the Household Cleaning Products Market is categorized into Convenience stores, Supermarkets/hypermarkets, Online retail stores and Other.The Convenience stores segment to hold a higher CAGR during the forecast period.Throughout the forecast period, the Convenience stores segment is anticipated to maintain its leading position while expanding at the fastest CAGR. the merchants are focusing on developing joint marketing initiatives to advertise and promote the product to the target market.

These tactics help manufacturers of household cleaning products draw in more customers, increase sales, and increase profitability.  Due to advantages such as prompt product returns without delay, individualised product selection experiences, and individualised staff recommendations that will enhance the market share for convenience stores will experience increased sales.

 

Asia-Pacific to hold a higher CAGR during the forecast period.

The Global Household Cleaning Products Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. The demand for Household Cleaning Products is being driven by the rising acceptance by the market. The market for Household Cleaning Products was dominated by the North America region. In recent years, the use of cleaning chemicals has dramatically expanded in North American nations, notably the U.S.

The region's expanding middle class benefits the manufacturers and major players, particularly in the home cleaning goods industry. The expansion of the home cleaning products market in Italy is being driven by both the high standards of living of the consumers and the high employment rate. The development of high-quality goods, increased sanitary requirements, and new market entrants are all anticipated to fuel market expansion in the future.

 

Household Cleaning Products Market

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Household Cleaning Products MarketKey Market Players:

Major vendors in the Global Household Cleaning Products Market include Colgate Palmolive,Henkel AG, Reckitt Benckiser, Unilever, Procter & Gamble, Godrej Consumer Products Ltd., Kao Corporation,The Clorox Company,Church & Dwight Co.,S.C. Johnson & Son, Inc., and Goodmaid Chemicals Corporation.

 

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Frequently Asked Questions (FAQ)

  • What is the market size of the Household Cleaning Products market?
    As per Spherical Insights, the size of the Household Cleaning Products market was valued at USD 100.50 billion in 2022 to USD 177.13 billion by 2030.
  • What is the market growth rate of the Household Cleaning Products market?
    The Household Cleaning Products market is growing at a CAGR of 6.5% from 2022 to 2030.
  • Which country dominates the Household Cleaning Products market?
    North America emerged as the largest market for Household Cleaning Products.
  • Who are the key players in the Household Cleaning Products market?
    Key players in the Household Cleaning Products market are Colgate Palmolive, Henkel AG, Reckitt Benckiser, Unilever, Procter & Gamble, Godrej Consumer Products Ltd., Kao Corporation, The Clorox Company, Church & Dwight Co., S.C. Johnson & Son, Inc., and Goodmaid Chemicals Corporation.
  • Which factor drives the growth of the Household Cleaning Products market?
    Increase demand for natural products is expected to drives the market's growth over the forecast period

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