USD 5.27 billion
Report ID:
SQMIG30K2028 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
62
|Figures:
76
Global Sponge & Scouring Pads Market size was valued at USD 5.27 billion in 2022 and is poised to grow from USD 5.40 billion in 2023 to USD 6.52 billion by 2031, at a CAGR of 2.40% during the forecast period (2024-2031).
The primary drivers of the market's growth are expected to be the increased usage of home care and cleaning goods as well as the increasing number of media and advertising campaigns promoting the advantages of cleanliness and hygiene. The market is anticipated to expand at a faster rate during the anticipated period due to rising demand for the product and its exceptional effectiveness in cleaning without scratching. The need for sponges and scouring pads is further accelerated by other factors, such as rising restaurant and café populations, changing lifestyles, increased washing machine penetration, and rising awareness of personal hygiene and cleanliness.
The market's expansion in the anticipated period, however, may be hampered by consumers' shifting preferences for various items. On the other hand, the limited product portfolio, which forces competitors to rely entirely on different schemes and marketing to maintain a client base and reach out to the underserved demographic, is likely to restrain the market's growth throughout the course of the aforementioned forecast period.
US Sponge & Scouring Pads Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.27 billion
Largest Segment
Steel
Fastest Growth
Polymers
Growth Rate
2.40% CAGR
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Global Sponge & Scouring Pads Market is segmented on the basis of product, raw material, application and region. By product, the market is segmented into light duty, heavy duty, medium duty, extra heavy duty. By raw, the market is segmented into steel and polymer. By application, the market is segmented into slabs & sinks, kitchen utensils, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Sponge & Scouring Pads Market Analysis by Application
By topping 55.0% in 2021, kitchen utensils held the greatest proportion. These goods are constructed from a variety of materials, including stone, bone china, glass, steel, and iron. When exposed to filth and cleaning solutions, each of these polymers reacts in a unique way. Some items, such as Bone China, may be cleaned without cleaning. Cookware composed of steel and iron needs to be scrubbed vigorously with an extra-heavy-duty pad to remove grease and oil.
The quickest CAGR of 2.7% is anticipated for the growth of slabs and sinks. Raw materials such as laminate, granite, wood, glass, composite stones, and stainless steel can be used to create these surfaces. Also, depending on their resistance to scratches, grease, oil, and stains, slabs and sinks require different kinds of scouring pads. With contemporary modular kitchen designs, the slabs and sinks play a crucial role, and maintaining them is now a top priority for households.
Global Sponge & Scouring Pads Market Analysis by Product
In 2021, heavy-duty items represented a share of more than 30.0%. The best application for these goods is cleaning the kitchen and cooking equipment of dirt and soil that has been coated. Some of the most difficult dishes, which take many hours to prepare, have become more well-liked worldwide. The cookware and kitchen utensils get extremely oily and dirty while cooking dishes like biryani, lasagna, wild meat and Italian cracker bread, which have an average cooking period of more than 6 hours and occasionally exceed to 24 hours.
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In 2021, the largest market was North America, which accounted for more than 35.0% of global sales. The importance of hygiene is growing as there are more fine dining establishments in the United States and Canada. However, some contemporary beef and lamb recipes call for the meat to be cooked for more than 24 hours, which leaves the cookware with incredibly tenacious stains. As a result, using a scouring pad while cleaning is essential.
The Asia Pacific region is anticipated to have the fastest growth rate (CAGR), at 3.7%. Working-class people are becoming more prevalent domestically in the majority of developing nations, including China, India, Bangladesh, and Pakistan. The range of cleaning applications for scouring pads is anticipated to increase significantly as a result of this trend.
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Global Sponge & Scouring Pads Market Drivers
Increasing Awareness about Hygiene to Bolster Market Growth
Global Sponge & Scouring Pads Market Restraints
Increasing Competition might Pose as a Threat for Players
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A thorough study of the competitive environment in the market for sponges and scouring pads has also been provided in the report. All significant companies' detailed profiles are also available. Among the businesses discussed are 3M Corporation, Amway Corp., Armaly Sponge Company Ltd., Bio90 Manufacturing Canada Inc., Corazzi Fibre, Impact Products LLC, Kiwi Scourers Limited, Lola Products, and Rozenbal Iberica.
Top Player’s Company Profiles in Global Sponge & Scouring Pads Market
Global Sponge & Scouring Pads Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global sponge and scouring pads market has been growing steadily in recent years, driven by various factors such as increasing awareness about hygiene, growing demand from the hospitality industry, and the availability of a wide range of products for different applications. However, the market also faces several challenges, such as increasing competition, the availability of low-cost alternatives, compliance with regulations, and the growing demand for eco-friendly products. North America is the largest market for sponge and scouring pads, due to the high demand for these products in residential and commercial applications. However, the market is also growing in the Asia Pacific region, due to the increasing awareness about hygiene and the growth of the hospitality industry in countries such as China and India. The global sponge and scouring pads market is highly competitive, with a large number of players operating in the industry. To remain competitive in the market, manufacturers and distributors need to focus on developing high-quality, innovative, and eco-friendly products, and invest in branding and marketing strategies to differentiate themselves from their competitors.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.27 billion |
Market size value in 2031 | USD 6.52 billion |
Growth Rate | 2.40% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sponge & Scouring Pads Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sponge & Scouring Pads Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sponge & Scouring Pads Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sponge & Scouring Pads Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30K2028
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