The global deodorizer bags market size is expected to reach USD 857.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. The market is driven by increasing consumer awareness about health concerns, especially due to air borne diseases. Moreover, significant change in the consumer preference for different types of fragrances is expected to augment the demand for deodorizer bags.
The
market is driven by increasing demand for the premium and quality products due
to the natural ingredients present in them. Moreover, growing working class
population and rising disposable income are likely to drive the demand for the
products over the forecast period.
Enhanced
freshness and capability of deodorizer bags to remove unpleasant odor are
driving the product demand. Moreover, increasing number of product launches by
the manufacturers is boosting the market growth. However, high cost of these
products as compared to the other deodorizing agents has been a factor
restraining the growth of the market.
The
market in North America is anticipated to grow due to the rise in the sales of
natural products, along with increasing product launches. The growth in the
region is also attributed to growing health awareness among consumers and rise
in the economic factors, such as disposable income and purchasing power for the
consumers. Moreover, increasing sales in the automotive and footwear sector are
anticipated to drive the product demand in Asia Pacific over the forecast
period.
Growing
interest in the natural and quality products among the working population due
to their various health benefits will fuel the product demand in the market.
Companies are expanding their geographical reach and developing novel products
in order to gain a major share in the market. The market is recognized by a few
initiatives such as mergers and acquisitions, limited extension, and online
sales and developments, endeavored by the key players including Moso Natural;
Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh
Solutions.
Full Research Report On Deodorizer Bags Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/deodorizer-bags-market
Further key
findings from the study suggest:
- Based on application, the
cars segment is projected to expand at a CAGR of 9.8% over the forecast
period. The residential segment dominated the market with an overall share
of 72.3% in 2018
- North America dominated the
market in 2018 and accounted for 49.3% share of the overall revenue. This
trend is projected to continue over the next few years owing to growing
automotive industry, which is attributed to rise in mobility, mainly in
developed countries
- The deodorizer bags market
in Asia Pacific is anticipated to witness growth due to increasing
disposable income in countries, such as India, South Korea, China, and
Japan
- The industry is highly
competitive due to presence of key players including Moso Natural; Home
Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh
Solutions
- Various manufacturers are
concentrating on new product launches, capacity expansion, and
technological innovations to estimate existing and future demand patterns
from upcoming product segments.
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https://www.grandviewresearch.com/industry-analysis/deodorizer-bags-market/request/rs1
Grand View Research has segmented
the global deodorizer bags market on the basis of application, distribution
channel, and region:
Deodorizer Bags
Application Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
- Cars
- Others
Deodorizer Bags
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Deodorizer Bags
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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