NEW YORK, Jan. 17, 2022 /PRNewswire/ -- The drain cleaners market value is set to grow by USD 466.47 million, progressing at a CAGR of 5.08% from 2020 to 2025, as per the latest report by Technavio.
The demand for drain cleaners is expected to increase over the forecast period with rising disposable incomes coupled with growing awareness about health and hygiene among consumers globally. For instance, the per capita income of consumers in India increased from USD 950 in FY 2015 to USD 1,250 in FY 2019. The rising disposable income of consumers in the country is increasing their standard of living, which is increasing the spending on cleaning supplies and disinfectant products such as drain cleaners. In addition, the growth of the online shopping pattern among consumers has opened immense opportunities for market players.
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Drain Cleaners Market: Rising online sales
The online distribution network gained significant growth momentum in 2020, especially in developed regions such as Europe and North America. Similarly, in developing regions, the e-commerce industry is thriving with the growing adoption of smartphones and the internet. Also, the convenience offered by e-commerce sites is driving many customers to prefer purchasing online. All these factors are encouraging vendors in the market to expand their presence on online distribution channels to drive sales. This is one of the key factors driving the growth of the global drain cleaners market.
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Regional Market Analysis
With 34% of the growth originating from Europe, the region will record a faster growth rate during 2021-2025.
The rise of organized retail and the increasing number of private-label brands are expected to boost the growth of the drain cleaners market in Europe. In addition, rising strategic alliances among vendors and increasing awareness about hygiene among consumers are expected to further accelerate the growth of the drain cleaners market in Europe during the forecast period.
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Drain Cleaners Market: Segmentation Analysis
This market research report segments the drain cleaners market by distribution channel (offline and online) and type (liquid and gel and others).
By type, the liquid and gel drain cleaners segment accounted for a market share of 68% in 2020. Liquid and gel drain cleaners are heavier than water, which makes them reach the clog quickly and dissolve grease, soap scum, and hair. Their growing adoption is driving vendors to offer a wide range of liquid and gel drain cleaners with high density, thickness, and non-splash formulas. Vendors are also offering liquid drain cleaners that do not harm septic tank system enzymes, are safe on pipes, and are non-flammable and biodegradable. Many such factors are driving the growth of the market in the liquid and gel drain cleaners segment.
Similarly, the offline distribution channel segment accounted for maximum sales of drain cleaners in 2020. The market growth in the segment will be significant during the forecast period.
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Related Reports:
Drain Cleaners Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.08% |
Market growth 2021-2025 |
USD 466.47 million |
Market structure |
Fragmented |
YoY growth (%) |
4.00 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, China, Germany, UK, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Comstar International Inc., Henkel AG and Co. KGaA, Jelmar LLC, Nu Calgon Wholesaler Inc., Pequa Industries Inc., Reckitt Benckiser Group Plc, RPM International Inc., S. C. Johnson and Son Inc., The Clorox Co., and The Procter and Gamble Co. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
About Technavio
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SOURCE Technavio
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