(GLOBE NEWSWIRE) -- According to Fortune Business Insights™, The global household cleaning products market size is expected to reach USD 312.49 billion by 2027, exhibiting a CAGR of 4.97 % during the forecast period. The growing emphasis to uphold a clean and hygienic household environment can be an essential factor augmenting the growth of the market during the forecast period. The market size stood at USD 163.98 billion in 2019.

Key Market Driver:

Rising Awareness about Clean-labelled Products to Boost Market

The shift from artificial and harsh chemical products to green and natural products by consumers owing to the rising environmental knowledge will bolster the healthy growth of the market. The increasing demand for natural and clean-labeled products has led to high production and supply of green household cleaning products. The increasing environmental concerns have generated the necessity for all-natural products, which, in turn, will enable speedy expansion of the market. The increasing environmental initiatives by authorities is expected to push the development of organic products, which, in turn, can strengthen the market in the forthcoming years.

COVID-19 IMPACT

Cleaning and Disinfection of Households to Eliminate Coronavirus

The COVID-19 pandemic is predicted to have an excellent impact on the global market. The rising consciousness regarding hygiene and cleanliness at homes will spur opportunities for the market. The inflated demand for household cleaning products has led to the scarcity of such products. The rising pressure on manufacturers to elevate their production capacities in this crisis will further benefit the market. The growing implications and concerns regarding the spread of the virus will fuel demand for cleaning products.  Moreover, the long-term effect of the virus will simultaneously incite cautiousness among people, which, in turn, will augur well for the market.

More at source: Globe Newswire

Find A Janitorial Service Here

Discuss This Article Here

More Cleaning & Janitorial News Here