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North America Household Care Market to aid the growth of the Global Household Care Market, which is expected to grow at a CAGR of 1.5% between 2021 and 2026

According to a new report by EMR titled, ‘North America Household Care Market Report and Forecast 2021-2026', the North America household care market reached a value of almost USD 8.2 billion in 2020. The North America laundry detergent market is expected to support the growth of the global household care market. The global household care market is projected to grow at a CAGR of 1.5% in the forecast period of 2021-2026 to attain a value of USD 126 billion by 2026.

The North America household care market is propelled by the growing laundry detergent market in the region. The industry can be variously divided into many products; some of them are laundry detergents, laundry additives, dishwashing, hard surface cleaners, toilet care, among others. These are used to clean and polish our household items. The market is significantly dominated by the liquid detergent, which is widely demanded by the consumers. There has also been a rise in demand for eco-friendly products due to growing hygiene awareness.

Procter & Gamble Company (NYSE: PG) and The Clorox Company (NYSE: CLX) are the leading companies in the household care market. In 2020 Procter & Gamble, under its brand Zevo, launched a line of indoor traps and bug sprays which are kid and pet friendly. It is part of the company's initiative to create new products, achieving the commercial success of its Gillette razors and Tide detergent. The brand also offers an ultraviolet light box that lures and traps insects with the help of sticky cartridge. The Clorox Company (NYSE: CLX), another key player, in 2018 introduced Clorox® Disinfecting Bio Stain & Odour Remover. Its function is to clean, disinfect, and deodorize the surfaces. It helps remove the bio-stains, blood, or urine. The market is being aided by the rising hygiene and health consciousness of the consumers in the region.

Market Analysis by Products and Regions:

  • The household care industry is divided into various products, i.e., laundry detergents, laundry additives, dishwashing, hard surface cleaners, toilet care, among others.
  • The major regional markets in the North America household care industry are USA and Canada.

Key Findings of The Report:

  • The growing laundry detergent market in North America is driving the North America household care market.
  • The increasing high-income class, along with the rising purchasing power of the consumers, is expected to boost the industry growth.
  • The prevalence of e-retail websites is further aiding the growth of the industry.
  • The developing innovation and product diversification are providing further impetus for industry growth.
  • The rising hygiene and health consciousness of the consumers in the region are further propelling the industry forward.

Key Offerings of the Report:

  • The EMR report offers an overview of the North America household care market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products and regional markets of household care.

The primary key players in the North America household care market include the Unilever, Henkel Corporation, Reckitt Benckiser, Kao Corporation, The Procter & Gamble Company, The Clorox Company, SC Johnson, Church & Dwight Co., Inc., Colgate-Palmolive Company among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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