Some of the major players working in household cleaners market are Godrej Consumer Products, Henkel AG & Company KGaA, S.C. Johnson & Son Inc., McBride, Bombril S.A, Church & Dwight Co. Inc., Kao Corporation, Unilever, Colgate-Palmolive, Seventh Generation, Procter & Gamble, The Clorox Company Reckitt Benckiser Group plc, and others. These players are set to bolster the development of global household cleaners market in the near future.
As per analysts at Zion Market Research, the global household cleaners market was capitalized at almost USD 25.50 Billion in 2016 and is likely to cross almost USD 33.00 Billion by end of 2022, developing at a CAGR of almost 4.8% from 2017 to 2022.
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Rising Usage Of Household Cleaners To Augment The Development Of Household Cleaners Market
Household cleaners market is likely to show high gains due to rising usage of household cleaners paired with rising urbanization in developing nations particularly in Asia Pacific area, as per analysts at Zion Market Research. In addition to this, rising employment of household cleaners as surface deodorizers and fabric refreshers is further likely to drive the requirement for household cleaners market. In addition to this, huge varieties of household cleaners obtainable in the industry at lower costs are likely to tower the growth of household cleaners market in the coming years. On the other hand, environmental problems related with the damaging composition of household cleaners in addition to rising rivalry from local players mostly in Asia Pacific area might affect the growth of household cleaners market.
On the other hand, rising R&D for development of eco-friendly goods is likely to unlock up new growth opportunities in the years to come. Supporting government initiatives is also one of the factors responsible for the development of household cleaners market. For example, in June 2018, the State Department of Environmental Conservation declared the roll out of the state’s new disclosure initiative for chemicals in household cleaning goods. As per DEC, New York is the first state in the country to oblige the makers to disclose chemical ingredients used in cleaning goods.
North America Likely To Hold Its Dominance In Household Cleaners Market
North America is leading area for the household cleaners market and is likely to hold its dominance in the coming years. Europe was the second biggest region for household cleaners market. Asia Pacific area is likely to develop at a highest CAGR in the forecast period in the household cleaners market. Asia Pacific is spearheaded by India and China. These nations are likely to see significant development in usage of household cleaners market in the coming years. The Latin America household cleaners market is also expected to develop due to rising demand from Brazil.
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The global household cleaners market is segmented as follows:
- Specialty Cleaners
- Surface Cleaners
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaners
- Fabric Care
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- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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