Global Home Care Products Market By Product Type (Air Care, Bleach, Dishwashing, Insecticides, Laundry Care, Polishes, Surface Care, Toilet Care), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
Market Analysis: Global Home Care Products Market
The global home care products market is expected to reach USD 219.32 billion by 2025, from USD 153.23 billion in 2017 growing at a CAGR of 4.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Home Care Products Market
Home care showcase is developing impressively as the quantity of individuals deciding on home care benefits instead of therapeutic care in healing facilities is expanding step by step. Home care administrations are financially savvy and henceforth for the most part alluded by patients. The worldwide market for home care items is becoming altogether because of expanding selection of this pattern in created economies in any case, it is required to witness an expansion popular in creating nations in not so distant future because of the developing mindfulness about home care administrations. According to an article published in 2017 by the “Chemical and Engineering News” the net sales of detergents in the U.S. market was of USD 7.2 billion in the year 2016. s. In an article published in 2016 by the USA today Americans spend around USD 5.1 billion on laundry detergents every year. Hence the increasing detergents market will help in the growth of these products.
- Demand for naturals products
- Increase in disposable income
- Growth of E-commerce trading or online shopping
- Stringent government regulations
- Pseudo products
Market Segmentation: Global Home Care Products Market
By Product Type
- Air Care
- Laundry Care
- Surface Care
- Toilet Care
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- Saudi Africa
- Rest of Middle East & Africa
Competitive Landscape: Global Home Care Products Market
The global home care products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of home care products market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In May 2018, Henkel acquired leading retailer brand manufacturer for laundry & home care products JemPak Corporation.
Key Market Competitors: Global Home Care Products Market
The key players operating in the global home care products market are –
- Abbott Laboratories
- Baxter International
- Devilbiss Healthcare
- Drive Medical
- Graham-Field Health Products Inc.
The other players in the market are, Hard Manufacturing Co., Hollister, Invacare, Kimberly-Clark Corporation, Medline Industries Inc., Philips, Sunrise Medical Inc., Colgate-Palmolive Company, Henkel AG & Co., Reckitt Benckiser Group, Procter & Gamble Company, Unilever, Alfa Laval, Krauter, ELIXIR HOME CARE PVT. LTD., 3M, Indus Home Products, CareClean and many more.
Research Methodology: Global Home Care Products Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global home care products market
- Analyze and forecast the home care products market on the basis of product type
- Trends of key regional and country-level markets for ingredient product type
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis