What Growth Strategies are Implemented by Vendors in Stain Remover Products Market?
Stain Remover Products Market Growth
The stain remover products market witnessed reasonable growth in 2020. China is the largest market for stain removers in terms of revenue in APAC. Urbanization plays an important role in increasing the demand for stain remover products as urbanization will lead to the construction of new houses across the globe. E-commerce platforms in stain remover products are largely dominated by companies such as Target, Amazon, Flipkart, Alibaba, and Walgreen, among others. The powder form of stain remover is widely used and popular amongst consumers. The powder form of stain removers is contributing 32.65% to the overall stain remover market.
Interesting facts to know!
- The global stain remover market is likely to witness healthy growth with a CAGR of around 5.11% over the forecast period, mainly in residential sectors for cleaning purposes worldwide.
- Online distribution of stain remover products is expected to grow at a CAGR of 4.97% during the forecast period.
- Growing awareness of the environment and human lives pushing the manufacturers to provide eco-friendly products in the stain remover product market.
- Innovations in the quality of fabrics supporting the growth of stain remover products in the global market.
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Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product type, distribution channel, end-user, and geography
- Competitive Landscape – 5 Key Company Profiles and 22 Other Prominent Vendors
How is APAC Leading the Stain Remover Product Market?
APAC is the world's largest stain remover product market and is growing above-market rates for several years. China is the leading country in APAC, accounting for 20.34% of the total APAC market for stain removers. The rising population in various countries is driving residential construction activities, thereby supporting the growth of the stain remover market. The stain remover market in APAC will grow at of 5.46% and is estimated to reach USD 9,971.92 million by 2026.
The US is the major revenue contributor to the North American stain remover product market and accounted for a share of around 74.12% in 2020. The market for stain removers products in North America is mainly driven by the construction, residential, and home improvement sectors. Rising homeownership is a major factor driving the market for stain removers across the region.
Strategies Adopted by the Players in Stain Remover Products Market
The global stain remover products market is highly competitive with the presence of several vendors. The key vendors in the market include Reckitt Benckiser, Procter & Gamble, The Clorox Company, SC Johnson, Church & Dwight, Henkel, and Clariant. Global players are increasingly focusing on pursuing organic growth strategies such as product innovations, and emerging companies to expand their presence, enhance their product portfolios, and improve expertise in the market. Though the market is dominated by major players, other players are also focusing on the continuous development of stain remover products with competitive pricing and more safety. Many laundry vendors are now running campaigns to increase hygiene and health awareness related to laundry product usage.
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