[source] Infinium Global Research
“Homecare Product Market (By Type – Surface Cleaner, Toilet Cleaner, Fabric Cleaner, Air Purifier and Others; By Distribution Channel – Offline Retail Stores and Online Retail Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026” estimates that the market was worth USD 173.32 billion in 2019 and is projected to reach up to USD 233.58 billion in 2026, growing with a CAGR of 4.58% during the period of 2020 to 2026.
Homecare Product Market to Grow on the Backdrop of Growing Awareness Regarding Home Sanitizing Amidst of COVID-19 Outbreak.
The growing awareness among consumers about home sanitization is the major driving force for the growth of the global homecare product market. Concerns regarding spread of coronavirus disease has increased the awareness among the consumers to keep their surrounding clean and sanitized. People are more concerned about sanitization in general than ever before.
Although coronavirus is not airborne, that is, it doesn’t travel through air but it settles on surfaces and infects people when they touch such contaminated surfaces. Thus, it has been recommended by WHO as well as CDC to sanitize surfaces frequently. This has encouraged people to use surface cleaners more frequently than usual.
Therefore, as more people are getting aware of the home sanitization the sale of the homecare products are expected to grow considerably. Additionally, the outbreak is also predicted to cause a drastic change in social and cleanliness practices and the market will thus witness a major boost in the long term.