Chemicals Industry Today
Household Cleaning Products Market Share Expected to Surge to USD 345.07 Billion by 2030
The Household Cleaning Products Market Share, valued at USD 258.72 billion in 2023, is poised for significant growth at a CAGR of 4.2% from 2024 to 2030. Factors such as the growing demand for natural and green cleaning products and the rising awareness regarding the adverse effect of traditional chemical-based cleaning products are acting as a catalyst for the growth of this market expansion.
Market Drivers with Opportunities for Market Growth
Key factors fuelling the growth of the household cleaning products market are the rising trend for natural ingredients, rising health conscience among people, and the rising demand for biodegradable and environmentally safe household cleaning products. With consumers becoming increasingly aware of the longer-term effects created by many chemical cleaning products, there is a rising demand for safe household and environmentally friendly products. In addition, the market holds great potential for innovation in cleaning products as consumers show preference toward multi-functional cleaning solutions as well as breakthrough packaging.
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Segmentation Analysis
Household cleaning products market is segmented by type of ingredients; product and distribution channel.
By Ingredient: The chemical ingredients segment led the market and includes more than 86% of the market in 2023. Still, consumer demand is for natural ingredients and that segment looks to grow at a lofty 7.3% CAGR from 2024 to 2030. Due to the adverse effects of chemical-based products, consumers are using a more sustainable and eco-friendly cleaning product.
By Product: Surface cleaners lead the global market, accounting for more than 55% of the overall market share in 2023. This segment is further set to gain from increasing consumer demand for specialized surface cleaners for materials such as wood, tiles and glass along with increase in hygiene and sanitation issues. As for the toilet cleaners, they are becoming more popular, with conventional brands welcoming natural products with fresh scents.
By Distribution Channel: Household cleaning products are distributed mainly through retail, online and direct sales. Increasing preference for natural and sustainable cleaning products is projected to fuel the demand for eco-friendly products through online channels owing to convenience coupled with availability of extensive product line.
Country-Level Analysis
US Market: The US market is poised to remain the leader at the backdrop of increasing trend of green cleaning products. COVID-19 fuelled a boom in demand for chemical-based products from short-term home-centric lifestyles, however consumer choices are shifting to safer choice natural alternatives.
Germany: With one of the biggest markets in Europe, Germany has seen a shift towards green and biodegradable cleaners. Powering this change is robust green legislation and increasing consumer awareness and education pertaining to sustainability.
China — Household cleaning products market is flourishing in China owing to urbanization and increase in disposable incomes. Increasing awareness of health among consumers is leading to increased demand for natural products.
India: The Indian market has become lucrative in terms of hygiene among urban households post-COVID-19 pandemic. Demand for cleaning products is seeing an additional boost with the growing number of middle-class population.
The key focus of these players is natural cleaning alternatives as sustainability is gaining momentum among consumers in Brazil. And this trend will continue as the Brazilian market matures.
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Competitive Analysis
Prominent players in the global household cleaning products market are Procter & Gamble, Unilever, Reckitt Benckiser, SC Johnson, and Clorox. These companies have significant market shares and are continuously innovating their product portfolios to meet increasing demand for sustainable products.
Procter & Gamble plans to introduce an entire line of green cleaning products under its marque and a prime example is the "Tide Clean" range of products.
Unilever has also taken fast action by promoting sustainability through products such as Seventh Generation, which uses natural ingredients and biodegradable packaging.
Reckitt Benckiser said demand was soaring for its hygiene and disinfecting-centric Lysol products and that it was working to make its products more eco-friendly.
SC Johnson retains top position in surface cleaners, leveraging innovations from its "Windex" and "Glade" brands with environmentally friendly focus
Clorox has adopted a greener strategy with their "Green Works" line of natural cleaning products for eco-friendly shoppers.
To capitalize on the growing demand for natural (derived from plants or other natural sources) and biodegradable household cleaning solutions, these companies are focusing on heavy investments in product innovation, consumer education, and small/large scale acquisitions.
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Conclusion
The global household cleaning products market is in a state of flux as the demand for natural and eco-friendly alternatives continues to expand. With consumer preference evolving towards sustainable choices and health-conscious policies, the companies are likely to innovate and so the competition becomes fierce. Emerging markets offer significant opportunities and the industry continues to evolve with the continued shift toward green cleaning — resultantly, this industry is well-positioned for strong growth.
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Household Vacuum Cleaners Market https://www.maximizemarketresearch.com/market-report/global-household-vacuum-cleaners-market/19977/
Household Appliances Market https://www.maximizemarketresearch.com/market-report/household-appliances-market/194211/
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