WILMINGTON, Del., Oct. 7, 2024 (Globe Newswire) — Allied Market Research publishes a report titled “By Product Type (Liquids, Powders, Wipes), By Packaging Type (Bottle, Pouch, Other)” has been published. ), and Applications (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global surface cleaning products industry generated $17,872.1 million in 2020 and is expected to generate $29,556.9 million by 2032. CAGR from 2023 to 2032 is 4.2%.
Key determinants of growth
Due to the outbreak of the pandemic, the growth of the surface cleaning products market is expected to increase rapidly. However, the negative effects of chemical disinfectants are restraining the market growth. Surface cleaning products are used in medical, household, and commercial sectors, offering lucrative opportunities to expand the market. This wipe is used as a disinfectant surface due to its properties such as ease of use and zero water consumption. It is also used for disinfecting medical equipment, kitchen appliances, table tops, etc. and is expected to provide lucrative opportunities for market growth.
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Report scope and details:
Report scope details Forecast period 2023-2032 Base year 2022 2020 market size $17,872.1 million 2032 market size $29,556.9 million CAGR 4.2% Number of report pages 270 Segments covered Product type, packaging Types, Applications, and Regions Drivers Emerging healthcare sector Increasingly stringent regulations on the use of surface cleaning products Increasing incidence of hospital-acquired infections (HAIs) Increasing awareness of hygiene and cleanliness Opportunities Advances in cleaning technology Constraints Chemical disinfection adverse effects of agents
Liquid segment will maintain its leadership position throughout the forecast period
Based on product type, the liquid segment held the highest market share in 2020, accounting for almost half of the global surface cleaning products market revenue due to rising importance and increasing demand for cleanliness and hygiene in the household and commercial sectors accounted for. For surface cleaning products. The liquid is highly effective against a wide range of pathogens, including bacteria, viruses, and fungi. Used on a wide range of surfaces such as floors, walls, countertops, medical equipment, and other hard surfaces. However, the wipes segment is projected to witness the highest CAGR of 4.6% from 2023 to 2032. Wipes contain disinfectants that kill or inactivate a wide range of germs, including bacteria and viruses. This is useful for frequently touched surfaces that are frequently exposed to potential contamination. Wipes are typically made from non-woven materials that are soft, absorbent, and durable. Non-woven fabrics are gentle on surfaces and have excellent cleaning power.
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Bottle segment maintains leadership position throughout the forecast period
Based on packaging type, the bottle segment held the highest market share in 2020, accounting for more than three-fifths of the global surface cleaning products market. Surface cleaning products are often packaged in bottles, which serve as convenient, easy-to-use containers for dispensing cleaning solutions. These bottles are available in a variety of sizes, from compact, portable options designed for everyday home use to fuller containers suitable for commercial or industrial use. The bottle design prioritizes user convenience and incorporates features such as a spray nozzle, trigger spray, and pump dispenser to accurately and efficiently apply cleaning fluid to surfaces. However, the pouch segment is expected to witness the highest CAGR of 4.0% from 2023 to 2032. Pouch packaging has become a popular choice for surface cleaning products, offering numerous benefits to both consumers and manufacturers. The growing popularity of eco-friendly household detergent refill pouches is expected to drive market growth. Additionally, pouch packaging for surface cleaning products offers a variety of benefits. It is lighter and more portable compared to traditional rigid packaging, providing handling and storage convenience for consumers. Pouches also allow for easy dispensing and controlled pouring of cleaning solutions.
Household segment maintains top position during forecast period
Based on application, the household segment accounted for the largest share in 2020, contributing more than half of the global surface cleaning products market revenue and is projected to maintain its leading position during the forecast period. Cleaning and disinfection of surfaces within the home, in addition to hand hygiene, is becoming increasingly important in a multi-barrier approach to preventing infection and is expected to boost the surface cleaning products market. However, the commercial sector is expected to exhibit the highest CAGR of 4.3% from 2023 to 2032. Growth opportunities for surface cleaning products in clinics are driven by a variety of factors that emphasize the importance of maintaining a clean and sanitary healthcare environment. Clinics are constantly striving to improve patient safety, reduce the risk of infection, and meet higher cleanliness standards, resulting in a demand for surface cleaning products.
Asia-Pacific will maintain its dominance by 2032
By region, Asia Pacific holds the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global surface cleaning products market revenue and is expected to dominate the market during the forecast period. There is. The Asia-Pacific region is experiencing significant growth in the healthcare industry, with increased investment in healthcare infrastructure, hospitals, and medical facilities. This expansion will create a larger market for surface cleaning products. Additionally, increasing awareness of the importance of surface cleaning products in the household and commercial sectors is driving the market growth. Additionally, rapid urbanization and industrial development in the Asia-Pacific region has led to an increase in residential and commercial facilities. These facilities require a wide range of surface cleaning products to maintain cleanliness and hygiene. However, the LAMEA region is expected to witness the fastest CAGR of 4.9% from 2023 to 2032. Increasing concern for the environment and health has increased the demand for green and sustainable cleaning products. The LAMEA region is adopting more environmentally friendly practices and there is a growing interest in environmentally friendly surface cleaning products. Additionally, the domestic and commercial sectors in the LAMEA region are increasingly paying attention to surface cleaning products and patient safety, and are increasingly focusing on effective surface cleaning products to prevent healthcare-associated infections (HAIs) and ensure a sanitary environment. The need is growing.
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Key market players: –
Reckitt Benckiser Group PLC Procter & Gamble Company
This report offers a detailed analysis of these key players in the global Surface Cleaning Products market. These players are adopting different strategies to expand their market share and maintain a dominant share in different regions. The report helps to introduce the competitive scenario by highlighting business performance, business segments, product portfolio, and strategic moves of market players.
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