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Lucintel Reports Indicates APAC to be the Growth Driver for Global Homecare Products Industry
Irving, Texas (PRWEB) December 12, 2012
The global homecare products industry experienced robust growth over the last five years and is expected to grow moderately with a CAGR of 4.6% over next five years (2012-2017). In 2017, the industry’s revenue is forecast to reach approximately US $146 billion. Recovery of the industrial and manufacturing sectors was the major driver for industry growth.
Lucintel, a leading global management consulting and market research firm, has analyzed the global homecare products market and presents its findings in “Global Homecare Products Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The research indicates that the Asia Pacific (APAC) region’s homecare product industry is forecast to lead the industry due to increasing population, new demand for homecare products, and changing lifestyles. Growth in this region is expected mainly in the developing markets such as India and China due to increased high retail sales growth. Higher sales growth percentage of consumer goods and rising consumer expenditures are the key factors that are boosting the homecare products industry. The laundry segment is rapidly growing due to innovative products such as liquid fabric softener, fine washable detergent, and fabric conditioner products. Necessity of product and the retail store that provides special offers and discounts depicts positive growth. Rapid rate of innovation, eco-friendly products, and the use of natural ingredients are creating the demand for homecare products.
As per the study, the global homecare products industry is mainly driven by purchasing power of consumers, their disposable income, and a rising population. Some of the challenges for the global homecare industry are economic recession, resource constraints, climate impacts, and political instability (changing taxation polices). Maintaining balance between quality and price is the biggest challenge for the industry.
This study provides an overview of the global homecare products industry. The market report studies manufacturers serving this segment, providing a five-year annual trend and forecast analysis that highlights market size, profit, and cost structure for North America, Europe, APAC, and the Rest of the World.
For a detailed table of contents and pricing information on this timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.
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