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.
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sample copy or view summary of this report@
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.
About
Us:
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, the company
offers market intelligence studies ensuring relevant and fact-based research
across a range of industries including technology, chemicals, materials,
healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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