Report ID: SQMIG30K2028
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.
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Report ID: SQMIG30K2028