Merxwire
23 May 2022, 04:18 GMT+10
According to market research firm forecasts, the household cleaning products market will grow from $235.76 billion in 2021 to $320.82 billion in 2028. The market will continue to grow until the pandemic is over.
Taipei, Taiwan (Merxwire) - Since the end of 2019, people's living patterns and habits have begun to change. Everyone spends more time at home and pays more attention to hygiene and cleanliness, making the household cleaning products market showed huge growth in 2020. Market research institutions predict that the household cleaning products market will continue to grow until the epidemic is over.
According to an analysis report by market research firm Fortune Business Insights, the global household cleaning products market size was valued at USD 221.32 billion in 2020, and the market is expected to grow from USD 235.76 billion in 2021 to USD 320.82 billion in 2028. Although the CAGR from 2021 to 2028 is expected to reach 4.5%, it may return to pre-pandemic levels once the epidemic is over.
The report states that the Asia-Pacific region accounts for the largest global market share. The area is densely populated, and there is a high demand for cleaning products. China is the main producer in the Asia-Pacific region, followed by Japan and India. In terms of products, laundry detergents hold the largest market share of household cleaning products, followed by surface cleaners, which are also growing the fastest.
And manufacturers such as Reckitt Benckiser, Procter & Gamble, Henkel, and others have experienced colossal consumer demand for cleaning products in 2020, thus increasing production. Additionally, chemical products are expected to decline soon as consumers begin to pursue natural cleaning products, potentially changing the market.
On the other hand, in response to consumer demand, brick-and-mortar stores and online stores hold more frequent promotions of cleaning products, driving the continued growth of the household cleaning products market. In supermarkets or online shopping malls, consumers can buy more combination products at favorable prices, buy enough cleaning products at one time, and reduce the number of times they go out.
Some people also advocate the use of sodium bicarbonate for homemade cleaning products because sodium bicarbonate is easy to obtain and has the characteristics of removing stains, so it is very suitable for making cleaning products. For example: When doing laundry, add about three tablespoons of sodium bicarbonate to help increase stain removal. Adding an appropriate amount of sodium bicarbonate to warm water is a good helper for cleaning floors.
During the epidemic, in addition to maintaining social distance, experts urged the public to wash their hands frequently and maintain personal hygiene and home cleaning, which has greatly increased the demand for cleaning supplies. Although the economy has been hit in recent years, consumption in the field of epidemic prevention is still growing, expanding the market for household cleaning products and promoting the development and launch of natural cleaning products.
Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationWASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...
NEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...
SYDNEY, NSW, Australia - Stocks in Asia skidded lower Friday with all the major indices recording solid losses."Capitulation is the ...
WASHINGTON, D.C.: Amidst the rise of "re-fracs" in the U.S. as part of the efforts to boost domestic oil production, ...
SYDNEY, NSW, Australia - Stocks in Asia traded sharply lower on Thursday, following on from major falls on Wall Street ...
NEW YORK, New York - Wall Street struggled to find its footing on Wednesday after Fed chief Jerome Powell vowed ...
Beijing [China], July 2 (ANI): TikTok, a 15-second video platform, has told US senators that it is taking all necessary ...
Washington [US], July 2 (ANI): Search engine Google has decided to delete users' location history when they visit abortion clinics, ...
Washington [US], July 2 (ANI): It has been intriguing to track the shift to Wear OS 3 for smart wearables, ...
Beijing [China], July 1 (ANI): In its latest efforts to shake off the country's reliance on foreign systems such as ...
New Delhi [India], July 1 (ANI): Prime Minister Narendra Modi will visit Bhimavaram in Andhra Pradesh on July 4 during ...
NASA has discovered a double crater made when a rocket of unknown origin hit the MoonA rocket of unknown origin ...