Household Cleaning Products Market Growth, Size, Share, Trends, and Business Opportunities to 2027
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The global Household Cleaning Products Market size is expected to reach USD 312,493 million by 2027, exhibiting a CAGR of 4.97 % during the forecast period.
The growing emphasis to uphold a clean and hygienic household environment can be an essential factor augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Household Cleaning Products Market Size, Share & Industry Analysis, By Product (Laundry Detergents, Surface Cleaners, Dishwashing Products, Toilet Cleaners, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 163,981 million in 2019
The coronavirus crisis has led to the collapse of many economies across the globe. We comprehend that this health emergency has destructively impacted various sectors in various regions. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
Market Driver:
Rising Awareness about Clean-labelled Products to Boost Market
The shift from artificial and harsh chemical products to green and natural products by consumers owing to the rising environmental knowledge will bolster the healthy growth of the market. The increasing demand for natural and clean-labeled products has led to high production and supply of green household cleaning products. The increasing environmental concerns have generated the necessity for all-natural products, which, in turn, will enable speedy expansion of the market. The increasing environmental initiatives by authorities is expected to push the development of organic products, which, in turn, can strengthen the market in the forthcoming years.
Covid-19 IMPACT
Cleaning and Disinfection of Households to Eliminate Coronavirus
The COVID-19 pandemic is predicted to have an excellent impact on the global market. The rising consciousness regarding hygiene and cleanliness at homes will spur opportunities for the market. The inflated demand for household cleaning products has led to the scarcity of such products. The rising pressure on manufacturers to elevate their production capacities in this crisis will further benefit the market. The growing implications and concerns regarding the spread of the virus will fuel demand for cleaning products. Moreover, the long-term effect of the virus will simultaneously incite cautiousness among people, which, in turn, will augur well for the market.
Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/household-cleaning-products-market-103286
The Report Lists the Main Companies in the Household Cleaning Products Market:
Church & Dwight Co. Inc. (U.S.)
Colgate-Palmolive Co. (U.S.)
Godrej Consumer Products Ltd. (India)
Henkel AG & Co. KGaA (Germany)
Kao Group (Japan)
The Procter & Gamble Co. (U.S.)
Recki
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| Keyword : Household Cleaning Products Market
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| Created Date: 16-04-2021
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