The global household cleaning products market size is expected to reach USD 312,493 million by 2027, exhibiting a CAGR of 4.97 % during the forecast period. The growing emphasis to uphold a clean and hygienic household environment can be an essential factor augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Household Cleaning Products Market Size, Share & Industry Analysis, By Product (Laundry Detergents, Surface Cleaners, Dishwashing Products, Toilet Cleaners, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 163,981 million in 2019
The report on thehousehold cleaning products marketreveals:
- future insights into the market
- Precise data with comprehensive research
- Market drivers and growth exhibitors
- Comprehensive information about the leading players in the market
Covid-19 IMPACT
Cleaning and Disinfection of Households to Eliminate Coronavirus
The COVID-19 pandemic is predicted to have an excellent impact on the global market. The rising consciousness regarding hygiene and cleanliness at homes will spur opportunities for the market. The inflated demand for household cleaning products has led to the scarcity of such products. The rising pressure on manufacturers to elevate their production capacities in this crisis will further benefit the market. The growing implications and concerns regarding the spread of the virus will fuel demand for cleaning products. Moreover, the long-term effect of the virus will simultaneously incite cautiousness among people, which, in turn, will augur well for the market.
Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/household-cleaning-products-market-103286
The Report Lists the Main Companies in the Household Cleaning Products Market:
- Church & Dwight Co. Inc. (U.S.)
- Colgate-Palmolive Co. (U.S.)
- Godrej Consumer Products Ltd. (India)
- Henkel AG & Co. KGaA (Germany)
- Kao Group (Japan)
- The Procter & Gamble Co. (U.S.)
- Reckitt Benckiser Group Plc (U.K.)
- C. Johnson & Son Inc. (U.S.)
- Goodmaid Chemicals Corporation (Malaysia)
- Unilever NV (U.K.)
- and Others
Regional Analysis:
Increasing Disposable Income to Promote Growth in Asia Pacific
The market in North America stood at USD 40,974.13 million in 2019 and is expected to rise tremendously during the forecast period. The growth in the region is attributed to the presence of major manufacturers in the region. The rising inclination towards all-natural products will favor the growth of the market in North America. The growing demand for cleaning products along with R&D by companies to enhance the product's ingredients, content, packaging, and others will further improve the prospects of the market during the forecast period. Asia Pacific is expected to witness a substantial growth rate during the forecast period owing to the rising population in the region. The surge in disposable incomes will further propel the growth of the market. The rising demand for natural cleaning products in China, Japan, and India. The Middle East & Africa is predicted to witness a rapid growth rate during the forecast period due to increasing urbanization and population.