Household Cleaning Products Market Worth USD 14.26 Billion, at CAGR 5% During 2018-2022 | Technavio

LONDON--(BUSINESS WIRE)-- According to Technavio Research Report "Household Cleaning Products Market by product (surface cleaners, dishwashing products, toilet cleaners, and other cleaning agents) and geographical regions (APAC, EMEA, and the Americas) is witnessed to grow USD 14.26 billion, at a CAGR of 5% from 2018 to 2022”.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190619005440/en/

Browse complete ToC and LoE, as well as selected illustrations and example pages of Household Cleaning Products Market.

Request for Sample @ https://www.technavio.com/talk-to%20us?report=Global%20Household%20Cleaning%20Products%20Market%202018-2022&type=sample&src=report

Global Household Cleaning Products Market: growing demand for premium products

Developed economies such as the US, the UK, Canada, and Japan, have been experiencing a growing demand for premium household cleaning products. Convenience, better packaging, and aesthetic appeal are the key attributes of household cleaning product brands. Most consumers are well-informed about the various cleaning products in the market and look for better performance and quality of products. Moreover, vendors incentivize this demand to increase their profit margins by charging premium prices for these products, which can positively influence growth in this market during the forecast period.

“Even though the scope for innovation is limited in this industry, it is seen that several manufacturers are continuously investing in R&D to innovate and launch new products, which is anticipated to drive the growth of the market in the near future,” says a senior analyst at Technavio for research on cosmetics and toiletry.

Speak to Research Expert @

https://www.technavio.com/talk-to-us?report=Global%20Household%20Cleaning%20Products%20Market%202018-2022&type=customization&tpl=y

Few Major Players for the Household Cleaning Products Market are:

  • Colgate-Palmolive
  • Henkel
  • Procter & Gamble
  • Reckitt Benckiser Group
  • S. C. JOHNSON & SON
  • The Clorox Company
  • Unilever

Segmentation analysis - Household Cleaning Products Market

This market research report segments the global household cleaning products market by product (surface cleaners, dishwashing products, toilet cleaners, and other cleaning agents) and geographical regions (APAC, EMEA, and the Americas).

The EMEA region led the market in 2017 with a market share close to 40%, followed by APAC and the Americas respectively. However, during the forecast period, the APAC region is expected to show the highest incremental growth followed by the Americas. EMEA is expected to witness a commensurate decline in its market share by 2022.

Increasing product innovation and portfolio extension

A key factor driving the growth of the market is product innovation and portfolio extension. To sustain in the intensely competitive household cleaning products market, vendors are coming up with new product formulations and subsequent launches. Moreover, manufacturers are implementing technological advancements, such as using automated rapid prototyping machine, implementing refill technology and introducing a spray form of products. Such recent innovations in the global household cleaning products market have been successful in increasing the sale of household cleaners which is driving the growth of the overall global market.

Browse Industries Reports @ Household Durables

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Source: Technavio Research

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.