The Surface Cleaning Products Industry Is Anticipated to Progress at A Moderate CAGR of Nearly 5% Through 2031

This surface cleaning products intelligence study delivers detailed assessment of the global market and enables users to make informed business decisions. Demand for surface cleaning products is expected to rise at a CAGR of nearly 5% over the next ten years. Fact.MR, a market research and competitive intelligence provider, has predicted growth of the market to be attributed to factors such as increasing expenditure on preventive healthcare and rising consumer awareness regarding personal hygiene. With increasing disposable income in developing nations, sales of surface cleaning products are expected to rise and generate high revenue. The COVID-19 pandemic has increased awareness regarding personal hygiene and cleanliness, and this has majorly aided the market in gain impetus.
Manufacturers have been focusing on developing new and efficient products to cater to a wide range of consumers and maximize their revenue potential. Investments in research & development have also been increased to offer novel products that are eco-friendly and are in line with the expectations of more aware consumers. Sustainability is a major factor influencing the direction of the global surface cleaning products industry, and is expected to be a major trend over the decade.
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Key Takeaways from Market Study
• Global market for surface cleaning products to expand at CAGR of nearly 5% through 2031.
• North America to account for approximately 30% surface cleaning product market demand.
• By sales channel, e-Commerce expected to rake in majority of sales due to rising popularity of online shopping.
• Sustainability trend expected to be rife over forecast period.
• Manufacturers focusing on expanding product portfolios and adopting different growth strategies to push sales.

"Eco-friendly surface cleaning products are expected to be in demand as awareness for a clean environment rises," says a Fact.MR analyst.

Segmentation of Surface Cleaning Products Industry Research

By Product Type
• Liquid Surface Cleaning Products
• Powder Surface Cleaning Products&
• Surface Cleaning Wipes
• Others
By Sales Channel
• Sales of Surface Cleaning Products Via Modern Trade
• Sales of Surface Cleaning Products Via Groceries
• Sales of Surface Cleaning Products Via Conveniences Stores
• Sales of Surface Cleaning Products Via E-Commerce
• Other Retail Format
By Packaging Format
• Bottle Packaging for Surface Cleaning Products
• Pouch Packaging for Surface Cleaning Products
• Surface Cleaning Product Sprays
• Others

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Competitive Landscape
Some of the key manufacturers of surface cleaning products, such as Dainihon Jochugiku, Dabur, Bombril, Unilever, Reckitt Benckiser, etc., have been profiled in this research analysis.
Reckitt Benckiser recently rebranded itself as Reckitt with the sole aim of building a clean and sustainable world.
Unilever announced plans to eliminate the use of fossil resources in its cleaning products in late 2020, and has stated that it will be focusing on renewable and recycled materials instead.

Key companies Profiled:
• Dainihon Jochugiku
• Dabur
• Bombril
• Unilever
• Reckitt Benckiser

How are Sales of Surface Cleaning Products Faring in the U.S.?

The U.S. has been identified as a very lucrative market for surface cleaning products in terms of revenue. The nation saw nearly 150% increase in sales of multipurpose cleaners, as recorded in March 2020.
The U.S. saw a major boost in demand due to the COVID-19 pandemic and recorded a huge spike in sales of all cleaning products and disinfectants. Increasing healthcare spending, rising consumer awareness regarding hygiene, and high prevalence of infectious diseases are some of the key factors driving demand in the U.S.

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Key Insights Offered in Surface Cleaning Products Industry Survey:
• Market Estimates and Forecasts (2016-2031)
• Production Capacity Analysis of Prominent Manufacturers
• Surface Cleaning Products Market Size in 2021
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Surface Cleaning Products Market Share in 2021
• Leading Export - Import Destinations
• Analysis of Supply Contracts, Avg. Consumption, Potential for Direct & Indirect Sales
• COVID-19 Impact on Surface Cleaning Product Sales and How to Navigate
• Recommendation on Key Winning Strategies

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This release was published on openPR.