STAIN REMOVER INDUSTRY INSIGHTS
The global stain remover market size is was valued at USD 20.64 billion in 2020 and is expected to reach revenues of USD 27.84 billion by 2026, growing at a CAGR of 5.11% during the forecast period. Over the years, the demand for stain remover products in the construction industry especially from residential and commercial spaces has grown and will continue to grow in the upcoming years. According to IBEF, in the APAC region especially in India, the Construction sector is expected to reach USD 1 trillion by 2030. The growing population, rising demand for public construction activities, and growing foreign investments in construction sectors are expected to fuel the growth of stain remover products during the forecast period.
The growing number of middle-class populations is supporting the growth of consumer durables, these middle-class populations are expected to spend a portion of their income on clothing and on maintaining a hygienic environment. To keep their clothes fresh and new, the usage of stain remover products in the middle-class population is growing.
- The US is the major revenue contributor to the North American stain remover market and accounted for a share of around 74.12% in 2020.
- The growing laundry services in the hospitality industry will support the growth of stain remover products. The hospitality industry is expected to reach USD 3,877.56 million by 2026.
- Germany, France, Italy, Spain, and the UK account for approximately 67.03% of the stain remover market share in Europe.
- Online distribution of stain remover products is expected to grow at a CAGR of 4.97% during the forecast period.
STAIN REMOVER MARKET GROWTH FACTORS
- Growing awareness and rising concern over the environment and human lives is forcing the manufacturer to provide eco-friendly stain remover products in the global market.
- The innovation of high-quality is supporting the stain remover market growth as the customer choice of a quality fabric is changing.
- People around the world are becoming more conscious about their health & hygiene due to the COVID-19 pandemic, thereby, increasing the use of laundry detergent products.
- New companies are catching up with established vendors and are expected to erode the market share to established players during the forecast period.
STAIN REMOVER MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Product Type
- Distribution Channel
INSIGHTS BY PRODUCT TYPE
The global liquid stain remover market was valued at USD 5,413.94 million in 2020.
The liquid-based product generally works on the absorbing and dissolving principle. The product is used on certain types of wet and dry stains such as tea and coffee mark on clothes. Manufacturers are offering a variety of products to remove tough stains. For instance, the Vanish Oxi Action liquid a product by Reckitt Benckiser is one of the best liquid stain remover products in the world which works exceptionally well on tough marks and gaining high momentum among users.
The powder stain remover segment will dominate the market. The segment is going to witness the fastest growth (CAGR) during the forecast period. The powder-type product does not have any side effects on the health of the user, this is going to increase the demand in the market.
INSIGHTS BY DISTRIBUTION CHANNEL
The offline segment is expected to witness an incremental growth of USD 5,038.31 million by 2026.
The changing global consumption patterns are greatly influenced by marketing and distribution strategies. Offline channels accounted for the majority of the global stain remover market share. Specialty stores and online channels are expected to witness the fastest growth over the next few years.
The major offline distribution channels include supermarkets & hypermarkets, convenience stores, specialty stores, and others. In North America, Walmart, and Kroger are the major retailers of stain remover products. Pharmacies and specialty stores are the other key distribution channels that are likely to boost sales during the forecast period.
INSIGHTS BY END-USER
The residential sector contributes 57.80% to the global stain remover products.
The rising activities in the residential sector such as the construction of houses, remodeling, and renovations of houses are supporting the growth of stain remover products. According to experts, the residential sector gets to be normalized by 2021 across the world and the construction of new houses will support the growth of these products. The rise in the construction of buildings and civic infrastructure will drive market growth.
INSIGHTS BY GEOGRAPHY
Asia Pacific region is the world's largest stain remover market during the forecast period.
Increasing populations, growing women participation in household making decisions, rising per capita income, construction activities, a large segment of middle-class people, rapid urbanization, growing textile, and hospitality industry are some of the key factors driving the market in the APAC region.
The APAC has the largest textile industry, in which China has a major portion for exporting clothes and apparel. The country contributes 31% of overall clothing exports, followed by Bangladesh, Vietnam, and India. The growing clothing industry in the region is boosting the growth of the stain remover market across APAC.
Technological advances in composition formulation are one of the leading factors contributing to rapid change in the stain remover industry.
The competitive scenario is intensifying with the presence of a large number of players. Vendors, especially global players, are increasingly focusing on pursuing organic growth strategies such as product innovations and emerging companies to expand their presence, enhance product portfolio, and improve expertise in the market. Reckitt Benckiser, Proctor & Gamble, The Clorox Company, Clariant AG, and SC Johnson & Son Inc are the key players in the market.
The global stain remover market research report includes in-depth coverage of industry analysis with revenue and forecast insights for the following:
- Product Type
- Distribution Channel
- Healthcare Facility
- Textile Industry
- South Korea
- North America
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa