Households, particularly with kids, are the largest users of surface cleaning products, such as products with anti-bacterial characteristics. Number of surface cleaning products sold in the world has been witnessing a significant surge over the past few years. Increasing fear of germs has boosted sales of surface cleaning products, with leading products concentrating on robust advertising activities, and new product development. A recent report by Fact.MR provides in-depth analysis of the global surface cleaning products market for the forecast period 2017-2022, and offers key insights about future market direction.
Cleaning surfaces without using any soaps or detergents results into a time consuming process most of the time. This has necessitated the utilization of favorable and high standard products which make the tasks quick and easy. Safe food storage, maintenance of control over garbage in a hygienic way, and sterilization of household surface has further driven the adoption of various surface cleaning agents by consumers around the world.
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In underdeveloped economies, cost becomes the prime factor as individuals have less money to spend on such products. Leading manufacturers have therefore been compelled to develop cost-efficient surface cleaning products, along with maintaining the product quality, in order to gain profits from these untapped markets. Stringent regulations have been imposed by the government concerned with the utilization of cleaning agents, as they comprise of certain environment-abusive chemicals. However, introduction of technologically advanced, innovative and new products, coupled with efficient R&D activities by leading manufacturers of surface cleaning products are expected to influence growth of the market in the foreseeable future. The global market for surface cleaning products has been estimated to witness a sluggish growth, to account for nearly US$ 20,273 Mn revenues by 2022-end.
Grocery Stores to Remain the Dominant Distribution Channel in the Market
Based on distribution channel, grocery stores are expected to retain their dominance in the global market for surface cleaning products. However, surface cleaning products’ sales in grocery stores will register the lowest CAGR through 2022. Surface cleaning product sales in e-commerce distribution channel will continue to register the fastest expansion through 2022.
More than half revenue share of the market is expected to be held by liquid surface cleaning products. Liquid surface cleaning products are anticipated to remain sought-after among consumers around the world. Sales of liquid, and wipes among surface cleaning products are poised to exhibit a parallel expansion over the forecast period.
MEA and North America to Exhibit Similar CAGRs Through 2022
Europe is expected to remain dominant in the global market for surface cleaning products, followed by North America. Sales of surface cleaning products in North America, and Middle East & Africa (MEA) are expected to exhibit similar CAGRs during 2017 to 2022, North America being more attractive than MEA.
Based on packaging format, bottles are anticipated to remain sought-after among consumers, with revenues poised to account for more than half share of the global market over the forecast period. In addition, pouch segment is projected to be the second largest sold packaging format for surface cleaning products.
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Table of Content
- Global Surface Cleaning Products Market - Executive Summary
- Global Surface Cleaning Products Market Overview 2.1. Introduction 2.1.1. Global Surface Cleaning Products Market Taxonomy 2.1.2. Global Surface Cleaning Products Market Definition 2.2. Global Surface Cleaning Products Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Surface Cleaning Products Market Y-o-Y Growth 2.3. Global Surface Cleaning Products Market Dynamics 2.3.1. Drivers 2.3.2. Restraints 2.3.3. Trends 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.7. Raw Material Sourcing Strategy and Analysis 2.8. Trade Analysis 2.9. Key Participants Market Presence (Intensity Map by Region)
- Global Surface Cleaning Products Market Analysis and Forecast By Product Type 3.1. Global Surface Cleaning Products Market Size and Forecast By Product Type, 2012-2022 3.1.1. Liquid Surface Cleaning Products Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Powder Surface Cleaning Products Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 3.1.3. Wipes Surface Cleaning Products Market Size and Forecast, 2012-2022 3.1.3.1. Revenue (US$ Mn) Comparison, By Region 3.1.3.2. Market Share Comparison, By Region 3.1.3.3. Y-o-Y growth Comparison, By Region 3.1.4. Other Products Surface Cleaning Products Market Size and Forecast, 2012-2022 3.1.4.1. Revenue (US$ Mn) Comparison, By Region 3.1.4.2. Market Share Comparison, By Region 3.1.4.3. Y-o-Y growth Comparison, By Region
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