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Household Cleaners Market Revenue Growth Predicted by 2026

04-10-2018 02:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Household Cleaners Market

Household Cleaners Market Revenue Growth Predicted by 2026

Global Household Cleaners Market Outlook:

North America accounted for 30% of the global household cleaners market followed by Europe in 2016. These products have been already adopted for very long time in these developed markets as a result of existing awareness and importance of cleaners. Similarly, high standard of sustainable living lifestyle also appertains to maturity of these markets. However, increasing regulation on use of chemical cleaners has led to minimal growth in both of the regions. Occupational Safety and Health Administration (OSHA) revised its regulations by GHS (HazCom 2012), which will govern labelling of products. According to OSHA, products labelling must have brand name, hazard statement, precautionary statement, and pictogram. This is expected to lead to declining popularity of these cleaners among consumers, owing to increasing awareness regarding harmful chemicals used in them.

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Enhanced sanitation standards in emerging countries of Asia Pacific is expected to lead to increasing demand for household cleaners. According to country statistics available in JMP database of 2010, there has been a proportional increase of 20% in people of East Asia, who have improved sanitation from 1998 to 2008. Therefore, Asia Pacific market is expected to exhibit high growth over the forecast period.
According to Coherent Market Insights’ analysis, the market in China is expected to exhibit 5% CAGR over the forecast period (2017–2025).According to World Vision Data of 2010, emerging countries such as India, Vietnam, Pakistan, and Nepal are expected to witness growth, as over 2.6 million people lack proper sanitation, therefore demand for these is high in these countries.

According to Coherent Market Insights, specialty household cleaners segment is expected to exhibit a CAGR of 6.9% in the U.S. Increasing demand for chemical-free solution and development of eco-friendly cleaners has boosted demand for specialty cleaners. For instance, Resolution, a U.S.-based company launched ResGel in 2017, which is a non-toxic cleaning solution and is free of volatile organic compounds.
Key players in the market are focusing on increasing their product portfolios through acquisition strategy and to maintain their positions in the competitive market. For instance, SC Johnson, a U.S-based company that manufactures household cleaning products acquired Method and Ecover brands from People Against Dirty in September 2017.The objective of the company was to enhance its product portfolio.
These cleaners are formulated with synthetic fiber materials, plastics, and an array of chemical ingredient ranging from solvents, petrochemicals to surfactants. According to Environmental Protection Agency (EPA), 62 chemicals found in these household cleaners are toxic and are unsafe to use. According to EPA, chemicals such as phthalates, perchloroethylene (PERC), triclosan, Quarternary ammonium compounds (QUATS), 2-Butoxyethanol, Ammonia, Chlorine, and Sodium hydroxide are commonly used in cleaners and are potential skin-irritant and can cause sore throat or asthma. Moreover, the artificial fragrances that are added in these cleaners can also cause headache, irritation in eyes, respiratory irritation, and others. As per data released by National Institute of Occupational Health, 2012, that one-third of these fragrances are deemed to be toxic. These are the major factors expected to hinder growth of the market. Owing to these above mentioned factors, consumers have started adopting natural home-made solutions made from baking soda, vinegar, citric acid, and essentials oils.

Global Household Cleaners Market Taxonomy:
By Product Type:
All-Purpose Cleaning, Powders, Liquids, Scouring Pads, Non-Abrasive Cleaners, Specialty Cleaners, Kitchen, Bathroom, Glass and Metal Cleaners, Floor and Furniture Cleaner,Others

By Distribution Channel:Supermarkets,Hypermarkets,Specialty Stores,Convenience Stores,Online Stores,Others

Global players in the household cleaners market include Godrej Consumer Products, S.C. Johnson & Son Inc., Henkel AG & Company KGaA, The Clorox Company Reckitt Benckiser Group plc, Kao Corporation, Bombril S.A, Colgate-Palmolive, McBride Church & Dwight Co. Inc. Unilever, Procter & Gamble, and Seventh Generation.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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