The global market for household air care products is estimated to register a slack in growth over 2017 to 2022, according to a new report by Fact.MR. The global household air care products market is anticipated to reach nearly US$ 12,000 Mn in revenues by 2022-end.
Rockville, WA -- (SBWIRE) -- 06/26/2018 -- Disposable income among urban populations is on the rise, particularly in the emerging economies with mushrooming and prospering industries and small and medium enterprises. A significant chunk of that disposable income is being spent by the metropolitan people on improving quality of lifestyle. Thanks to deepening penetration of social media, the awareness regarding air pollution has multiplied in the recent past and as a result, well-earning professionals are opting for household air care products such as room and rug deodorizers, scented sprays, fragrance gels, and several other dynamic products. These products are customized for enhancing or conditioning the indoor atmosphere, removing unpleasant odors, and eliminating airborne particles.
Global Household Air Care Products Market to Breach USD12 Billion by 2022
According to the projections of an up to date business intelligence study by Fact.MR, the global household air care products market will attain a value of US$12,000 million by the end of 2022. The report has analyzed the growth prospects of the market for air care products used in household during the forecast period of 2017 to 2022. The analyst of the report has attributed rising air pollution levels across industrial areas as the primary driver of the market. Having said that, a lot of credit must be given to the manufacturers of air care products for identifying opportunities and innovating their portfolio.
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There are various types of household air care products that are available that can enhance the environment using electronic room fresheners. These manufacturers are constantly strengthening their supply chain and indulging into methods to increase awareness among their targeted consumers to find new demands. For instance, mushrooming of shopping malls has formulated potential locations for the manufacturers to lure new consumers via marketing activities. Most of the footfall at these shopping malls have the potential to be a future consumer and the information fed now goes a long way in enticing future sales.
Mushrooming SMEs Creating Strong New Opportunities
Another niche that is opening for the stockholders of the household air care products is the mushrooming of small and medium business enterprises. The corporate offices that these SMEs work out of, makes for ideal facility for the products such as air fresheners and room sprays. A number of business organizations are also investing on electronic room fresheners, which substantially adds to the profitability of the market. Some of the families with disposable income are utilizing air fresheners in order to create a good ambience of air within their house comforts - setting up a good mood which helps in relaxing after a busy lifestyle. Additionally, families with children and animal pets are also expected to indulge into the adoption of air care products.
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Geographically, the analyst of the Fact.MR report has rated Europe as the region that is contributing to the most prominent chunk of demand in the global household air care products market. The awareness levels regarding growing pollution levels in surrounding air is maximum in countries such as France, Germany, the U.K., Italy, and Spain, and even the governments are stroking the demand potential by encouraging companies and increasing awareness among citizens. The demand for air care products from the regions of North America and Asia Pacific are also projected increment solidly during the forecast period.
Based on product type, the Fact.MR report has segmented the household air care products market into candles and strips, ionizers, and spray and aerosol, whereas fragrance-wise, the market has been bifurcated into fruity, floral, spices and herbs, vanilla, and others.
Some of the key companies currently holding major shares in the global household air care products market are The Procter & Gamble Co., Reckitt Benckiser, Henkel KgaA, SC Johnson & Son, Inc., J.K. Helene Curtis Limited, Air Delights, Inc., Earth Chemical Company Ltd., Church & Dwight Co., Inc., The Yankee Candle Company, Inc, S.T. Corporation, Godrej Consumer Products Limited, Blyth, Inc., Ada Electrotech (Xiamen) Co., Ltd., RB plc, California Scents, and Farcent Enterprise Co., Ltd.
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