Surface Cleaning Products Market Trend, Opportunities & Competition Tracking till 2022

The global market discussion on surface cleaning products industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Surface Cleaning Products Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on surface cleaning products market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Fact.MR’s recently published report estimates growth of the global surface cleaning products market to remain slack over the forecast 2017 to 2022. The global surface cleaning products market is anticipated to account for revenues worth over US$ 20,000 Mn by 2022-end.

In underdeveloped countries, cost of surface cleaning products is of primary importance, as the population thriving in these countries have low disposable incomes and people cannot afford to spend much on these products. This factor is expected to significantly impact growth of the market. Leading manufacturers are now developing cost-efficient products to increase their presence in these regions. Strict regulations imposed by the government pertaining to utilization of cleaning agents, owing to the presence of environment-abusive chemicals are further expected to hinder demand for surface cleaning products. In order to overcome, these challenges, the manufacturers are now focusing on technological innovations, and investing in research & development activities, in order to offer novel products that are eco-friendly and user-friendly. These factors are expected to impact growth of the global market for surface cleaning products over the forecast period.

Cleaning the surfaces without using detergents, or soaps, or other similar products requires a lot of time, which the present population cannot spare in their fast-paced daily regime. This in turn has necessitated demand for favorable products, capable of making tasks related to cleaning easy and quick. Currently, rise in purchasing power of people in developing as well as developed economies has enabled them to pay more for essential household requirements such as cleaning agents, for keeping the residential as well as commercial spaces clean and fresh. Rise in focus on communal hygiene, soaring awareness about personal hygiene, and concerns regarding the widely spreading infectious diseases, are expected to influence adoption of surface cleaning products, thereby sustaining the market growth.

Grocery Stores to Remain the Dominant Distribution Channel in the Market

Based on distribution channel, grocery stores are expected to retain their dominance in the global market for surface cleaning products. However, surface cleaning products’ sales in grocery stores will register the lowest CAGR through 2022. Surface cleaning product sales in e-commerce distribution channel will continue to register the fastest expansion through 2022.

More than half revenue share of the market is expected to be held by liquid surface cleaning products. Liquid surface cleaning products are anticipated to remain sought-after among consumers around the world. Sales of liquid, and wipes among surface cleaning products are poised to exhibit a parallel expansion over the forecast period.

MEA and North America to Exhibit Similar CAGRs Through 2022

Europe is expected to remain dominant in the global market for surface cleaning products, followed by North America. Sales of surface cleaning products in North America, and Middle East & Africa (MEA) are expected to exhibit similar CAGRs during 2017 to 2022, North America being more attractive than MEA.

Based on packaging format, bottles are anticipated to remain sought-after among consumers, with revenues poised to account for more than half share of the global market over the forecast period. In addition, pouch segment is projected to be the second largest sold packaging format for surface cleaning products.

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Table of Content:

1. Global Surface Cleaning Products Market – Executive Summary

2. Global Surface Cleaning Products Market Overview
2.1. Introduction
2.1.1. Global Surface Cleaning Products Market Taxonomy
2.1.2. Global Surface Cleaning Products Market Definition
2.2. Global Surface Cleaning Products Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Surface Cleaning Products Market Y-o-Y Growth
2.3. Global Surface Cleaning Products Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Trade Analysis
2.9. Key Participants Market Presence (Intensity Map by Region)

3. Global Surface Cleaning Products Market Analysis and Forecast By Product Type
3.1. Global Surface Cleaning Products Market Size and Forecast By Product Type, 2012-2022
3.1.1. Liquid Surface Cleaning Products Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Powder Surface Cleaning Products Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued….

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This release was published on openPR.