The global multi cleaners market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of 6.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Multi-purpose cleaners are widely used for cleaning several surfaces such as windows, floors, carpets, upholsteries, etc. In the residential sector, multi-cleaners protect individuals from germs and infections along with rendering comfort within residential premises. On the other hand, commercial industries, such as food & beverage, hospitality, healthcare, etc., pose higher risks of infection; thus, raising the demand for multi-use cleaners in maintaining a hygienic environment. Moreover, with the current pandemic situation of coronavirus outbreak, the impetus of sanitization across commercial and residential spaces has become an important factor in ensuring infection-free conditions across the globe.
The rising consumer concerns towards maintaining proper hygiene, regular cleaning, and high prevalence of diseases, such as diarrhea, E. Coli, Buruli ulcers, etc., have significantly influenced the demand for multi-purpose cleaners. Additionally, the rising disposable income levels leading to high consumer purchasing power, have augmented the per capita expenditure on premium and high-end home care products, across both developed and emerging markets. Furthermore, rising construction of smart and luxury homes, including different kinds of surfaces such as stainless, mirrored, glass, vitrified, wood, etc., have led to the rising adoption of home care products with specific cleaning abilities. Furthermore, various technological advancements have led to the introduction of infused wipes, novel dispensing systems, and smart tube drop solutions to clean and preserve specialized surfaces. Moreover, several companies are launching newer and advanced products across a broad spectrum of price points to serve all categories of income groups. Additionally, the rising consumer concerns towards the harmful effects of harsh chemicals present in cleaners have led to the growing popularity of natural and organic products over chemically formulated ones. Such developments in the home care industry owing to the continuous upgradations and changing consumer preferences will continue to fuel the growth of the global multi-purpose cleaners market in the coming years.
Breakup by Product Type: Cream Cleaner Spray Cleaner Wipes Others
Breakup by End-Use: Residential Commercial Industrial Automotive and Aerospace Hospitality Healthcare Others
Breakup by Distribution Channel: Online Speciality Stores Supermarkets and Hypermarkets Departmental Stores Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa Turkey Saudi Arabia Others
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being 3M, Amway Corp, Carroll Clean, The Clorox Company, Grainger Inc., Permatex Canada Inc, Procter & Gamble, Reckitt Benckiser Group plc, SC Johnson & Son, Inc., Spartan Chemical Company Inc, etc. Key Questions Answered in This Report:
How has the global multi cleaners market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of Covid-19 on the global multi cleaners market? What is the breakup of the market based on the product type? What is the breakup of the market based on the end-use? What is the breakup of the market based on the distribution channel? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the market? What is the structure of the global multi cleaners market and who are the key players? What is the degree of competition in the market?
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