Initiatives taken by the governments across the globe (ex- Swachh Bharat in India), aiming towards a cleanliness coupled with promotional activities by the home care companies has augmented the awareness of home care products among consumers. In addition, infrastructural development and increased discretionary household expenditure is expected to have positive impact on the market growth during the forecast period 2021 - 2029. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 4.2% during the forecast period.
1.1 Market Scope and Segmentation
This report analyzes the global household cleaners market in terms of product type, application, and geographical distribution. On the basis of product type, the market is segmented into specialty household cleaners, surface household cleaners, and bleaches. Similarly, on the basis of application, the global household cleaners market is further classified into room floor cleaning, kitchen cleaning, bathroom and toilet cleaning, and fabric care among others. The geographical distribution of the global household equipment market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.2 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Household Cleaners Market - Growth, Share, Opportunities, and Competitive Analysis, 2019 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global Household Cleaners market.
1.2.1 Target Audience
1.2.2 USP and Key Offerings
The report titled “Global Household Cleaners Market - Growth, Share, Opportunities, and Competitive Analysis, 2019 – 2029” offers strategic insights into the global Household Cleaners market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on mode of transportation, Household Cleaners model, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global household cleaners market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.
Based on product type, the global household cleaners market is categorized into following segments:
Recovery in both residential and non residential construction sectors coupled with financial stability post economic recession is expected to trigger the demand for household cleaners across all product segments. As of 2019, specialty household cleaners accounted for majority of the market revenue share. Specialty cleaners acquired around two-third of the global market revenue share in the same year. The trend shall prolong and the segment is presumed to retain its leading position by 2029. The growth in this segment can be majorly credited to tightening sanitation standards, especially in emerging economies. While surface household cleaners are presumed to exhibit sturdy growth in demand, bleaches will grow at comparatively sluggish growth during the forecast period. The sluggish growth is majorly owing to unsafe ingredients used in bleaches which have side effects on the skin.
As of 2019, North America comprising the United States and Canada represented the largest household cleaners market followed by Europe and Asia Pacific. The region accounted for around one-third of the global market revenue in the same year. Although the region has witnessed slow growth over the last few years, with financial markets showing signs of recovery, residential construction projects in the region are expected to increase. This, coupled with improving discretionary incomes of people is expected to drive market demand in North America. Asia Pacific region, especially China and India uphold huge growth potential given the rising population, improving standard of life, and rising real estate residential projects in the region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Household Cleaners market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Product
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report