Market Trend
The introduction of sponge and scouring pads made of eco-friendly raw materials is a trend in the market. Natural or eco-friendly scouring pads and sponges are made of eco-friendly and green raw materials such as wood pulp and cotton fiber, which are recyclable. In addition, they emit fewer toxins in comparison to scouring pads and sponges made of regular plastic and polyester.
Vendor Insights
The sponge and scouring pads market is fragmented, and the vendors are deploying growth strategies such as focusing on major factors, such as brand, labor, quality, and innovation to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Armaly Brands Inc.
- Corazzi Fibre Srl
- Henkel AG & Co. KGaA
- Newell Brands Inc.
- Reckitt Benckiser Group Plc
- The Clorox Co.
- The Libman Co.
- The Procter & Gamble Co.
- Unilever Group
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
Geographical Market Analysis
North America will provide maximum growth opportunities in the sponge and scouring pads market during the forecast period. According to our research, the region will contribute to 36% of the global market growth during the forecast period. The US is the major market in North America. The growth of the foodservice market has raised the need for cleaning tools and supplies, which is further driving the demand for sponges and scouring pads in the region.
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Key Segment Analysis
The sponge and scouring pads market share growth in the residential segment will be significant during the forecast period. This is because of the increasing use of sponges and scouring pads for hygiene and cleanliness. The presence of various types of sponges and scouring pads intensifies the competition for players operating in the residential segment. The rising awareness about the benefits of using sponges and scouring pads and the severe health implications of improper cleanliness will propel the demand for these products in the residential segment. The growing demand for sponges and scouring pads encourages vendors to offer products exclusively designed for residential use.
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Key Market Drivers & Challenges:
The expansion of the e-commerce market is driving the growth of the sponge and scouring pads market. Technological advances, coupled with the increasing Internet penetration, have increased online purchases and sales of goods and services. The growth of information and communication technology, artificial intelligence, and other modern technologies has expanded the customer base, thus creating lucrative growth prospects for key market vendors.
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Sponge and Scouring Pads Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2020-2024 |
USD 3.18 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.09 |
Regional analysis |
APAC, Europe, North America, and South America |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, China, Germany, India, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Armaly Brands Inc., Corazzi Fibre Srl, Henkel AG & Co. KGaA, Newell Brands Inc., Reckitt Benckiser Group Plc, The Clorox Co., The Libman Co., The Procter & Gamble Co., and Unilever Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis 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. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- Residential - Market size and forecast 2019-2024
- Non-residential - Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel placement
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Armaly Brands Inc.
- Corazzi Fibre Srl
- Henkel AG & Co. KGaA
- Newell Brands Inc.
- Reckitt Benckiser Group Plc
- The Clorox Co.
- The Libman Co.
- The Procter & Gamble Co.
- Unilever Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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