Household Wipes Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Household Wipes Market - Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
Household wipes are used to clean, polish, and disinfect various surfaces in a house.
Household wipes can be used to clean kitchen counters, window surfaces, glass, appliances,
and tiles in toilets, floors, metal surfaces, wood surfaces, and furniture. Wipes can be of two
types, antibacterial wipes and non-antibacterial wipes. These household care products keep
the house neat and clean. Thereby they lower the risk of illness and also help to enhance the
surface appearance.
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Among product types, disinfecting wipes segment accounted for the largest market share in
the global household wipes market, owing to their hygiene providing nature. Disinfectants
contain antimicrobial agents such as pine oil, sodium hypochlorite, quaternary ammonium
compounds or phenols, which kills bacteria and viruses on surfaces. Disinfecting wipes
segment in the global household wipes market was valued at US$ 1535.7 Mn in 2017, and is
projected to increase to US$ 2480.0 Mn by 2025, witnessing a CAGR of 6.3% during the
forecast period.
Among region, North America is expected to dominate the global household wipes market.
According to a report of American Cleaning Institute (October 2018), the cleaning products
industry has impacted the U.S. economy by US$ 59.1 billion in 2016. Moreover, 78% of U.S.
residents prefer ‘Light cleaning’ i.e. a general surface-level cleaning of their household.
Increasing awareness regarding cleanliness and hygiene in North America contributes to
higher share to the global household wipes market.
However, lack of hygiene awareness in few countries such as Qatar, Pakistan, Indonesia,
Ghana, Syria, and Sri Lanka is restraining market growth. Lack of hygiene is the major cause
of various diseases. According to the National Center for Biotechnology Information (NCBI),
diarrheal diseases cause around 1.6 to 2.5 million deaths annually, which is result of
unhygienic conditions. Therefore, lack of hygiene awareness in few countries may hamper
the global household wipes market growth.
Asia Pacific is the fastest growing region for household wipes market, owing to emerging
economies such as China and India in this region. According to India Brand Equity
Foundation Report (IBEF) on Fast Moving Consumer Goods (FMCG), July 2018, Indian
FMCG sector is forecasted to report revenue growth of about 11-12 per cent in FY19 from 8
per cent in FY18. Moreover, revenues of Indian FMCG sector are estimated to grow from
US$ 49 billion in 2016 to US$ 103.7 billion in 2020. Therefore, growth of FMCG sector is
expected to propel the growth of household wipes market.
Players operating in the global household wipes market are adopting various growth
strategies to cater to increasing demand for Household Wipes. For instance, Household wipes
are one-time use products and decomposition of these wipes are difficult. Therefore,
companies are striving to manufacture eco-friendly and chemical free products.
Furthermore, various key players are focused towards increasing quality of household care
products, which is a key factor driving growth of household wipes market. For instance, in
2017, Solugen, a biotechnology company launched ‘Ode To Clean’, the first line of cleaning
products made of bioperoxide, one of the purest forms of hydrogen peroxide made 100%
from plants. Ode to Clean offers consumers a safe, powerful, and convenient way to clean
without relying on harsh, petroleum-based chemicals, which exist in all cleaners today.
Major players operating in the global Household Wipes market include, S. C. Johnson & Son,
Inc., Procter & Gamble Co., Nice-Pak Products Inc., The Clorox Company, Weiman
Products LLC, Colgate-Palmolive Company, Reckitt Benckiser Group plc. Amway
Corporation, 3M Company, Kimberly-Clark Corporation, Kao Corporation, and Rockline
Industries.
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:Global household wipes market was pegged at 542.6 Mn units in 2017, and is projected to increase to 795.4 units Mn by 2025, witnessing a CAGR of 5.1% during the forecast period.

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