ID: MRFR/CR/8686-HCR | February 2021 | Region: Global | 90 pages
The multipurpose cleaners market is registered to generate a market value of USD 5.15 Billion by the end of 2026. Further, it is projected to grow at a CAGR of 4.20% during the assessment period of 2020 to 2026. Cleanliness has been a priority of almost everyone now. The multipurpose cleaners are widely used for cleaning different indoor areas. It can be used on non-porous or hard surfaces in kitchens, bathrooms, and other areas. This multipurpose cleaner is also providing long-lasting freshness that attracts many customers to purchase it. Also, people highly prefer these multipurpose cleaners because it is offering many benefits to the users. Many chemical compounds are used in multipurpose cleaners production, including p-chloro-o-benzyl phenyl, potassium hydroxide, hydrogen peroxide, and many others.
As per the Multipurpose cleaners market Outlook report, the local brands of different regions hold the largest market share in many under-developed and emerging economies. In the last few decades, the floor cleaners demands have been increased at a high pace globally due to the growing product innovation by different major manufacturers of the World.
Out of all segments, the conventional segment is considered as the chemical compounds manufactured product. In the conventional multipurpose cleaner’s production, organic and natural raw materials are not used. In the past few years, it has been witnessed the maximum usage of the conventional segment due to the economical pricing of these cleaners. Additionally, multipurpose cleaners have achieved massive popularity across the world due to the rising COVID-19 cases in different countries, leading to the high adoption of household cleaning products. Also, the growing spending on household products is fueling the growth of the residential segment in the forecast period.
COVID-19 Impact Analysis
A global crisis has been witnessed during the pandemic period, which has affected most industries. Among these, the personal care industry was affected the most. At this time, the customers focused on essential personal care & hygiene products such as tissues & wipes, hand wash, hand sanitizers, hand soaps, and other household cleaning products. For instance, a huge surge of demand for multipurpose cleaners has been witnessed for residential purposes due to the increasing case of Covid-19.
However, the demand for multipurpose cleaners in institutional and commercial areas remained low during the pandemic period. Many of these areas have remained shut down for several months across the World.
In the past few years have been witnessed that the demand for household cleaning products has been growing rapidly because of the changing usage patterns of the consumers for household cleaning products. Moreover, it is driving the multipurpose cleaners market Value due to the advancement in the household cleaning products, such as eliminating dirt, germs, and bacteria. Additionally, the growth of the commercial sectors is attributed to enhancing the market growth during the forecast period.
According to World Health Organization (WHO), coronavirus is an infectious disease, which has confirmed approximately 256,966,237 COVID-19 cases across the World as of 22 November 2021. Hence, it has warned the public to stay hygienic and safe. This kind of declaration has generated health concerns among the people, which led to increasing the demand for Multipurpose Cleaner products and boosting the Multipurpose cleaners market Growth.
The global Multipurpose cleaners market is expected to bring significant opportunities due to the increasing demand for cleaning products among households and growing effective marketing strategies.
In addition, the growing new product launches and investment is projected to drive lucrative market opportunities for the market.
The global Multipurpose cleaners market Value might be affected due to the negative perception of chemical raw materials used in multipurpose cleaners.
Moreover, the easy availability of cheap substitutes in contrast to branded products might hamper the market growth during the research period.
The global Multipurpose cleaners market Trends might experience challenges due to the high raw material cost and easy availability of cheap substitutes of cleaners.
Furthermore, the strident government regulations related to chemical products in the cleaner can also bring a major challenge for the Multipurpose cleaners market Trends.
Cumulative Growth Analysis
The market has witnessed significant growth in the present context with the changes in the lifestyle and increasing rate of urbanization. Further, it is projected to continue the same growth in the upcoming years.
Also, it has been analyzed that the regional market growth supports the overall growth of the global market. Hence, the current market is employing new market players in the multipurpose cleaning industry to enhance the market growth in the coming years.
Based on the category segment, the global Multipurpose cleaners market has been classified into two categories such as organic and conventional.
In 2019, the conventional segment was estimated to account for a significant Multipurpose cleaners market Share. It is further projected to grow at a moderate growth rate in the research period.
The global Multipurpose cleaners market is consisting of different forms such as liquids, sprays, and others.
In 2019, the liquids segment was projected to account for the larger Multipurpose cleaners market Share. Further, this segment is expected to lead the global market during the review period. For instance, the economical pricing and ease of availability are fueling the growth of the liquids segment.
Depending on the distribution channel segment, the worldwide market has been segmented into non-store-based and store-based.
Among these two segments, the store-based distribution channel is projected to sell the majority of multipurpose cleaners in the research period. Further, the store-based segment is sub-segmented into convenience stores, supermarkets & hypermarkets, and others. In 2019, the supermarkets & hypermarkets segment was projected to hold the largest Multipurpose cleaners market Size, and it is estimated to lead the global market in the review period.
The multipurpose cleaners market has been categorized into commercial, residential, and institutional based on the end-use segment.
In 2019, the residential segment was accounted to generate a significant Multipurpose cleaners market Size.
As per the Multipurpose cleaners market Forecast report, the current market has been segmented based on different regional segments such as Europe, North America, Latin America, South America, Asia-Pacific, and the rest of the World.
The market report also highlighted that the North American region is holding the dominant market share during the forecast period among all the regions. Also, this region is expected to witness moderate growth in between the assessment period. This region is fueling due to the developing economies of countries like the US. Additionally, the strong marketing campaigns and prominent players in the region are estimated to account for the higher Multipurpose cleaners market Growth.
Competitive Landscape Analysis
According to the Multipurpose cleaners market Outlook report, high competition can be witnessed in the global market because of many national & international brands in different parts of the World. These brands include:
The leading multipurpose cleaners’ manufacturers include The Procter & Gamble Company, Reckitt Benckiser Group PLC, and The Clorox Company based in the US. These market leaders are adopting new strategies and advanced technologies to promote their multipurpose cleaner products.
According to the Multipurpose cleaners market Analysis, the global market is showing significant growth. This report has been prepared using both qualitative and quantitative research methods. Also, primary and secondary research methods have been used to get an insight into the global market.
Furthermore, the Multipurpose cleaners market Analysis highlights that the report is consists of a market overview, market segmentation, market dynamics, recent developments, covid-19 analysis, regional analysis, and competitive analysis.
By Distribution Channel
|Market Size||2026: USD 5.23 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 4.25% is predicted to direct the market in the forecast period.
The market stands to achieve revenue worth USD 5.23 Billion by 2026.