ID: MRFR/CR/8686-HCR | February 2021 | Region: Global | 90 pages
Global Multipurpose Cleaners Market is projected to reach a value of approximately USD 5.15 Billion by 2026, at a CAGR of 4.20% from 2020 to 2026. The global multipurpose cleaners market is highly competitive, owing to the presence of several national & international brands across the globe. The Clorox Company, Reckitt Benckiser Group PLC, and The Procter & Gamble Company are the leading manufacturers of multipurpose cleaners. In several emerging and under-developed economies, the local brands hold most of the market share. The demand for floor cleaners has been surging at a high pace across the globe over the last decade. The multipurpose cleaners market is growing due to rising product innovation by the key manufacturers. Multipurpose cleaners are used in several indoor areas. Multipurpose cleaners offer long-lasting freshness and can be used on hard, non-porous surfaces in bathrooms, kitchens, and other areas. Consumers prefer multipurpose cleaners as they offer several benefits.
The advent of the pandemic, COVID-19, has resulted in a global crisis. The outbreak has disrupted the growth of the global personal care industry. Consumers are emphasizing essential personal care & hygiene products, including hand sanitizers, hand wash, hand soaps, tissues & wipes, and household cleaning products. The usage of multipurpose cleaners is high for residential purposes, as COVID-19 cases are surging across the globe. So, the consumers are inclined to keep their homes clean to minimize the chances of spreading the coronavirus. However, the usage of multipurpose cleaners is exceptionally low in commercial and institutional areas, as the majority of the commercial and institutional places have remained shut over the last few months.
Multipurpose cleaners are widely used for disinfecting and cleaning various surfaces. They also impart a shine to the floor. Several chemical compounds are used in the production of multipurpose cleaners, which include hydrogen peroxide, potassium hydroxide, p-chloro-o-benzyl phenyl, and many more. The usage of multipurpose cleaners is not only restricted to the residential sector as they are also used in several commercial and institutional places as well. Multipurpose cleaners are available in the spray and liquid forms. Rising usage of multipurpose cleaners in commercial places is expected to act as one of the key drivers for the growth of the market during the forecast period. The demand for natural & organic certified multipurpose cleaners has been surging over the last few years, which is anticipated to create lucrative opportunities for the manufacturers of multipurpose cleaners in the near future.
Rising demand for cleaning products from households
By Distribution Channel
|Market Size||2026: USD 5.15 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Form, Category, End-Use and by Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||The Clorox Company (US), Reckitt Benckiser Group PLC (UK), The Procter & Gamble Company (US), Sunshine Makers, Inc. (US), Gojo Industries, Inc. (US), Tri-Coastal Design Group, Inc. (US), Unilever (UK), Dabur (India), Amway (US), CERO (India)|
|Key Market Opportunities||The multipurpose cleaners market is growing due to rising product innovation by the key manufacturers.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The COVID-19 pandemic is estimated to be one of the major reasons for the boost in the overall market share.
The Procter & Gamble Company (US), The Clorox Company (US), Reckitt Benckiser Group PLC (UK), Sunshine Makers, Inc. (US), and Gojo Industries, Inc. (US) are the notable contenders.
The North American regional market is promoting the overall market in the impending period.
A CAGR of 4.20% is predicted to direct the market in the forecast period.
The market stands to achieve revenue worth USD 5.15 Billion by 2026.