openPR Logo
Press release

Household Cleaners Market Outlook Latest Trends and Future Growth Study by 2031

06-14-2024 11:53 AM CET | Consumer Goods & Retail

Press release from: Transparency Market Research

Household Cleaners Market Outlook Latest Trends and Future

The global household cleaners market is expected to witness steady growth over the next decade. Estimates suggest a market size of around USD 33.5 billion in 2021, with projections reaching USD 58.8 billion by 2031 at a CAGR (Compound Annual Growth Rate) of 4.6%. This growth can be attributed to factors like rising hygiene awareness, increasing disposable income, and the growing number of households globally.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16169

Market Segmentation

The household cleaners market can be segmented based on various criteria:

By Type: Surface cleaners, glass cleaners, toilet bowl cleaners, specialty cleaners, bleaches, and others.
By Application: Kitchen cleaners, bathroom cleaners, fabric care, and floor cleaners.
By Distribution Channel: Online stores, supermarkets, hypermarkets, and convenience stores.
By Region: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA).

Regional Analysis

The Asia Pacific region is expected to dominate the market throughout the forecast period. This dominance is driven by factors like a large population base, rising disposable income, and increasing urbanization in developing countries within the region.

Market Drivers and Challenges

Several factors are propelling the household cleaners market forward:

Rising hygiene awareness: The increasing focus on health and sanitation is driving demand for effective cleaning products.
Growing number of households: The global population is rising, leading to an increase in the number of households, and consequently, a higher demand for cleaning products.
Increased disposable income: With rising income levels, consumers are more likely to invest in premium cleaning solutions.
Demand for eco-friendly products: Consumers are becoming more environmentally conscious, leading to a surge in demand for natural and organic cleaning products.

However, the market also faces some challenges:

Stringent regulations: Regulatory bodies are imposing stricter regulations on the use of harsh chemicals in cleaning products.
Availability of substitutes: Natural cleaning alternatives like vinegar and baking soda pose competition to traditional cleaners.
Price sensitivity: Consumers are becoming more price-sensitive, forcing manufacturers to offer competitive pricing strategies.

Market Trends

Several key trends are shaping the future of the household cleaners market:

Focus on sustainability: Manufacturers are increasingly focusing on developing eco-friendly cleaning products made with biodegradable ingredients and sustainable packaging.
Rise of e-commerce: Online platforms are becoming a preferred channel for purchasing household cleaners, offering convenience and wider product selection.
Demand for concentrated and multi-purpose cleaners: Consumers are opting for concentrated cleaners that offer better value and multi-purpose cleaners that cater to various cleaning needs.
Innovation in product formats: Manufacturers are developing innovative product formats like cleaning wipes and sprays for on-the-go convenience.

Future Outlook

The household cleaners market is poised for steady growth in the coming years. The increasing focus on hygiene, growing disposable income, and rising awareness of eco-friendly products will continue to fuel market expansion. Manufacturers who can adapt to evolving consumer preferences and embrace sustainable practices are likely to succeed in this dynamic market.

Key Market Study Points

Here are some key takeaways from the household cleaners market analysis:

The market is expected to reach USD 58.8 billion by 2031, driven by rising hygiene awareness and a growing number of households.
The Asia Pacific region is expected to be the dominant market due to its large population base and rising disposable income.
Eco-friendly and multi-purpose cleaning products are gaining traction among consumers.
E-commerce is becoming a preferred channel for purchasing household cleaners.

Competitive Landscape

The household cleaners market is a competitive landscape with a mix of established players and emerging brands. Some of the key players include Procter & Gamble, Unilever, Reckitt Benckiser, Henkel, SC Johnson, and Seventh Generation. These companies are constantly innovating and expanding their product portfolios to cater to evolving consumer needs.

Recent Developments

Major cleaning product manufacturers are investing in research and development to create eco-friendly cleaning solutions.
There is a growing trend of partnerships between cleaning product companies

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.transparencymarketresearch.com/checkout.php?rep_id=16169<ype=S

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Household Cleaners Market Outlook Latest Trends and Future Growth Study by 2031 here

News-ID: 3539269 • Views: โ€ฆ

More Releases from Transparency Market Research

Non-Destructive Testing Market Projected to Reach $31.9 Billion by 2034: TMR Analysis
Non-Destructive Testing Market Projected to Reach $31.9 Billion by 2034: TMR Ana โ€ฆ
The Global Non-Destructive Testing (NDT) Market (๋น„ํŒŒ๊ดด ๊ฒ€์‚ฌ(NDT) ์‹œ์žฅ) is set to witness significant growth, projected to reach an estimated value of $31.9 billion by the end of 2034. This growth trajectory follows a valuation of $15.5 billion in 2023, fueled by a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034. The increase in demand for inspection and health monitoring of concrete and steel structures is a primaryโ€ฆ
Outdoor Power Equipment Market Set to Reach $42.8 Billion by 2034, Driven by Sustainable Solutions and Growing Landscaping Demand
Outdoor Power Equipment Market Set to Reach $42.8 Billion by 2034, Driven by Sus โ€ฆ
The Global Outdoor Power Equipment Market (ๅฑ‹ๅค–็”จ้›ปๅ‹•ๆฉŸๅ™จๅธ‚ๅ ด), valued at $30.5 billion in 2023, is projected to experience robust growth over the next decade. According to recent industry analysis, the market is expected to grow at a compound annual growth rate (CAGR) of 3.1%, reaching an estimated $42.8 billion by 2034. This growth is largely attributed to the increasing adoption of landscaping services and a rising demand for sustainable solutions inโ€ฆ
Global Semiconductor IP Market to Reach $13.5 Billion by 2034, Growing at a 5.9% CAGR: TMR Analysis
Global Semiconductor IP Market to Reach $13.5 Billion by 2034, Growing at a 5.9% โ€ฆ
The Global Semiconductor Intellectual Property (IP) Market (๋ฐ˜๋„์ฒด ์ง€์ ์žฌ์‚ฐ๊ถŒ(IP) ์‹œ์žฅ), valued at US$ 7.1 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2034, reaching US$ 13.5 billion by the end of the forecast period. This growth is primarily fueled by increasing demand for AI-based applications across various industries and government initiatives aimed at modernizing defense technologies. Download Sample PDF fromโ€ฆ
Glass Wafer Carrier Market to Surge, Expected to Reach $2.2 Billion by 2031: TMR Analysis
Glass Wafer Carrier Market to Surge, Expected to Reach $2.2 Billion by 2031: TMR โ€ฆ
The Global Glass Wafer Carrier Market (ใ‚ฌใƒฉใ‚นใ‚ฆใ‚งใƒผใƒใ‚ญใƒฃใƒชใ‚ขๅธ‚ๅ ด) is poised for significant growth, expected to reach a valuation of US$ 2.2 billion by 2031, advancing at a remarkable CAGR of 19.2% from 2024. The surge in demand for semiconductors in automotive and IT & telecommunications sectors is driving this trend, positioning glass wafer carriers as critical components in semiconductor manufacturing processes. Analysts indicate that the automotive industry's increased focus on vehicle safety,โ€ฆ

All 5 Releases


More Releases for USD

$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com. There is a $3,000,000โ€ฆ
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period. An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide. Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market This report presentsโ€ฆ
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa." These days many businesses are adopting a market research reportโ€ฆ
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics. Eubiotics or specific organicโ€ฆ
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile andโ€ฆ
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market sizeโ€ฆ