The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Surface Cleaning Products market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Surface Cleaning Products
The report offers actionable and valuable market insights of Surface Cleaning Products. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Surface Cleaning Products Market across various industries and regions.
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This revised analysis on the surface cleaning products market by Fact.MR has estimated demand for surface cleaning and disinfection products to increase at a steady CAGR of nearly 5% over the next ten years. The cleaning products market has gained massive importance due to the onset of the COVID-19 pandemic.
The North America surface cleaning products market is expected to account for approximately 30% of global sales in 2021. The market for surface cleaning products saw an upshift in 2020 in terms of demand when the COVID-19 outbreak reached at its peak. The industry has been evolving over the past few years as awareness regarding personal hygiene increases across regions.
Even though the global market saw a major shift in demand for surface cleaning products when the pandemic hit in 2020, sales of surface cleaning products are expected to continue to rise over the next ten years as well.
This newly published and insightful report sheds light on Market Insights of Surface Cleaning Products, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Surface Cleaning Products Market.
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Segmentation of Surface Cleaning Products Industry Research
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By Product Type
- Liquid Surface Cleaning Products
- Powder Surface Cleaning Products&
- Surface Cleaning Wipes
- Others
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By Sales Channel
- Sales of Surface Cleaning Products Via Modern Trade
- Sales of Surface Cleaning Products Via Groceries
- Sales of Surface Cleaning Products Via Conveniences Stores
- Sales of Surface Cleaning Products Via E-Commerce
- Other Retail Format
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By Packaging Format
- Bottle Packaging for Surface Cleaning Products
- Pouch Packaging for Surface Cleaning Products
- Surface Cleaning Product Sprays
- Others
Competition Landscape
In order to maximize their sales and meet growing demand, surface cleaning product manufacturers are opting for both, organic and inorganic growth strategies such as capacity expansion, partnerships, and mergers to help them garner more market share.
- In the financial year ending Jun 2020, Clorox Company recorded an eight percent hike in its sales revenue as compared to previous year of 2019. The company’s sales amounted to a total of around US$ 6.7 Bn.
- Reckitt Benckiser rebranded itself as Reckitt in March 2021; this is part of the company’s efforts towards its sustainable growth goals. The company’s rebranding is aimed at its motive to attain a cleaner, healthier world.
- Unilever, in September 2020, announced plans to eliminate fossil fuels from its cleaning products. The company has plans to source renewable and recycled raw materials for its cleaning products.
8 Key Projections for the Global Surface Cleaning Products Market
- With more than half share of the market in terms of revenues, liquid surface cleaning products will continue to be sought-after among consumers across the globe.
- Sales of wipes and liquid surface cleaning products are estimated to register a parallel expansion through 2022.
- In terms of revenues, grocery stores will remain dominant in the global surface cleaning products market, based on distribution channels. However, sales of surface cleaning products in grocery stores are expected to exhibit the lowest CAGR over the forecast period.
- Sales of surface cleaning products in e-commerce distribution channel are projected to register the highest CAGR through 2022.
- By packaging format, bottles will remain preferred among consumers in the global market, with revenues account for over half share of the market throughout the forecast period.
- Pouch is expected to be the second most lucrative packaging format type of surface cleaning products.
- Europe is expected to retain its dominance in the global surface cleaning products market, closely followed by North America.
- The markets in Middle East & Africa (MEA), and North America will continue to register similar CAGRs through 2022, North America being a more lucrative region for the market than MEA.
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More Valuable Insights on Surface Cleaning Products Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Surface Cleaning Products, Sales and Demand of Surface Cleaning Products, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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