8 Key Prospects on Future of Surface Cleaning Products Market: Industry Insights and Forecast Till 2022

Dublin 2, Ireland, 2018-Jan-23 — /EPR Network/ —Fact.MR has recently added a new report to its vast online database. This research study is titled as “Surface Cleaning Products Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

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Surface cleaning products are usually liquid, granules, sprays, or powder, utilized for removing dirt including clutters, bad odor, stains, and dust from surfaces. Surface cleaning products are generally in the form of alkaline, acidic, or neutral in nature. Surface cleaning products find their applications across a wide range including food & dairy processing cleaners, catering & kitchen cleaning agents, industrial cleaners, janitorial & sanitation cleaning products, and chemical processing.

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. Consumers nowadays, along with their increasing disposable income, are prepared to pay more for such products, as keeping the surface at their homes as well as commercial places clean has become a higher priority. Awareness about personal hygiene, focus on communal hygiene, and rising concerns pertaining to spread of infectious diseases have led to customers to keep their surroundings fresh and clean. 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.

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.

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8 Key Projections for the Global Surface Cleaning Products Market

1.    With more than half share of the market in terms of revenues, liquid surface cleaning products will continue to be sought-after among consumers across the globe.

2.    Sales of wipes and liquid surface cleaning products are estimated to register a parallel expansion through 2022.

3.    In terms of revenues, grocery stores will remain dominant in the global surface cleaning products market, based on distribution channels. However, sales of surface cleaning products in grocery stores are expected to exhibit the lowest CAGR over the forecast period.

4.    Sales of surface cleaning products in e-commerce distribution channel are projected to register the highest CAGR through 2022.

5.    By packaging format, bottles will remain preferred among consumers in the global market, with revenues account for over half share of the market throughout the forecast period.

6.    Pouch is expected to be the second most lucrative packaging format type of surface cleaning products.

7.    Europe is expected to retain its dominance in the global surface cleaning products market, closely followed by North America.

8.    The markets in Middle East & Africa (MEA), and North America will continue to register similar CAGRs through 2022, North America being a more lucrative region for the market than MEA.

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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