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Sponge and Scouring Pads Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 151
  • SKU: IRTNTR40585
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The sponge and scouring pads market share is expected to increase by USD 1.24 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.17%.

This sponge and scouring pads market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sponge and scouring pads market segmentations by end-user (residential and non residential), distribution channel (offline and online), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The sponge and scouring pads market report also offers information on several market vendors, including 3M Co., Americo Manufacturing Co, Amway Corp., ARIX POLSKA SP zoo, Armaly Brands Inc., Bombril SA, Corazzi Fibre Srl, Freudenberg SE, Fuller Brush Co., Henkel AG and Co. KGaA, Jyothy Labs Ltd, Kiwi Scourers LTD, Newell Brands Inc., Scrub Daddy Inc., Sponge Technology Corp. LLC, The Clorox Co., The Crown Choice, The Libman Co, The Procter and Gamble Co., and Weiman Products LLC among others.

What will the Sponge And Scouring Pads Market Size be During the Forecast Period?

Sponge and Scouring Pads Market Size

Download Report Sample to Unlock the Sponge and Scouring Pads Market Size for the Forecast Period and Other Important Statistics

 

Sponge And Scouring Pads Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing use of online sales channels is notably driving the sponge and scouring pads market growth, although factors such as the presence of counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sponge and scouring pads industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sponge And Scouring Pads Market Driver

One of the key factors driving the market growth in the sponge and scouring pads market is the expansion of the e-commerce market. Globalization and liberalization policies and the expansion of the e-commerce market have simplified cross-border trade and driven the business-to-business (B2B) and business-to-consumer (B2C) sectors. Technological advances, coupled with the increasing Internet penetration, have increased online purchases and sales of goods and services across the globe. The gradual shift in customer spending and shopping habits has amplified the growth potential of the global e-commerce market. The advent of social media, increasing Internet penetration, and growing adoption of smartphones have allowed customers reliable access to a wide range of products and helped them to choose the best of scrubbing pads and sponges available in the market.

Key Sponge And Scouring Pads Market Trend

The introduction of sponge and scouring pads made of eco-friendly raw materials is a sponge and scouring pads market trend that is expected to have a positive impact in the coming years. In the last few years, the demand for natural and eco-friendly sponges and scouring pads has increased among both residential and commercial end-users, owing to the negative impact of plastic or non-biodegradable sponges and scouring pads on both human health and the environment. Natural or eco-friendly scouring pads and sponges are made of eco-friendly and green raw materials such as wood pulp and cotton fiber, which are recyclable. Additionally, these eco-friendly sponges and scouring pads emit fewer toxins in comparison to scouring pads and sponges made of regular plastic and polyester. Materials that are used in these sponges and scouring pads are completely biodegradable and can decompose easily.

Key Sponge And Scouring Pads Market Challenge

The presence of counterfeit products will be a major challenge for the sponge and scouring pads market growth during the forecast period. The presence of numerous counterfeit products negatively impacts the global sponge and scouring pads market. These products are priced comparatively lower and attract a wide range of consumers. Counterfeit products are considered harmful as they might be contaminated and made using cheaper ingredients to bring down costs. Customers find it difficult to differentiate genuine brands from counterfeits as both appear similar. The high availability of such counterfeit products hampers the revenue inflow of organized players, thereby, hindering the growth of the global sponge and scouring pads market. Manufacturers operating in the global sponge and scouring pads market are taking steps to differentiate their products from me-too and local brands, further increasing consumer awareness across the globe. These me-too branded products are expected to gradually limit the growth of the global sponge and scouring pads market.

This sponge and scouring pads market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global sponge and scouring pads market as a part of the global household products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sponge and scouring pads market during the forecast period.

Who are the Major Sponge And Scouring Pads Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • 3M Co.
  • Americo Manufacturing Co
  • Amway Corp.
  • ARIX POLSKA SP zoo
  • Armaly Brands Inc.
  • Bombril SA
  • Corazzi Fibre Srl
  • Freudenberg SE
  • Fuller Brush Co.
  • Henkel AG and Co. KGaA
  • Jyothy Labs Ltd
  • Kiwi Scourers LTD
  • Newell Brands Inc.
  • Scrub Daddy Inc.
  • Sponge Technology Corp. LLC
  • The Clorox Co.
  • The Crown Choice
  • The Libman Co
  • The Procter and Gamble Co.
  • Weiman Products LLC

This statistical study of the sponge and scouring pads market encompasses successful business strategies deployed by the key vendors. The sponge and scouring pads market is fragmented and the vendors are deploying growth strategies such as focusing on major factors, such as brand, labor, quality, and innovation to compete in the market.

Product Insights and News

  • Newell Brands Inc. - The company offers a range of scourer pads such as BRILLIANT SCOURER PAD.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sponge and scouring pads market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Sponge And Scouring Pads Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the sponge and scouring pads market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Sponge And Scouring Pads Market?

Sponge and Scouring Pads Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

35% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the sponge and scouring pads market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth of the food service market has raised the need for cleaning tools and supplies, which will facilitate the sponge and scouring pads market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Sponge And Scouring Pads Market?

Sponge and Scouring Pads Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The sponge and scouring pads market share growth in the residential segment will be significant during the forecast period. The residential segment accounts for the highest share due to the increasing use of sponges and scouring pads for hygiene and cleanliness. The rising awareness of the benefits of using sponges and scouring pads and the severe health implications of improper cleanliness will propel the demand for these products in the residential segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sponge and scouring pads market size and actionable market insights on post COVID-19 impact on each segment.

 

Sponge And Scouring Pads Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.17%

Market growth 2022-2026

$ 1.24 billion

Market structure

Fragmented

YoY growth (%)

3.56

Regional analysis

APAC, Europe, North America, Middle East, and Africa, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

3M Co., Americo Manufacturing Co, Amway Corp., ARIX POLSKA SP zoo, Armaly Brands Inc., Bombril SA, Corazzi Fibre Srl, Freudenberg SE, Fuller Brush Co., Henkel AG and Co. KGaA, Jyothy Labs Ltd, Kiwi Scourers LTD, Newell Brands Inc., Scrub Daddy Inc., Sponge Technology Corp. LLC, The Clorox Co., The Crown Choice, The Libman Co, The Procter and Gamble Co., and Weiman Products LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Sponge And Scouring Pads Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive sponge and scouring pads market growth during the next five years
  • Precise estimation of the sponge and scouring pads market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sponge and scouring pads industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sponge and scouring pads market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Residential - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.4 Non residential - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Non residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Non residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Non residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Non residential - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 37: Market opportunity by End-user ($ million)

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 38: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 40: Chart on Comparison by Distribution Channel
      • Exhibit 41: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 6.4 Online - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 50: Market opportunity by Distribution Channel ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 56: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 57: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 58: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 59: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 North America - Market size and forecast 2021-2026
      • Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 68: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 India - Market size and forecast 2021-2026
      • Exhibit 88: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.12 Japan - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 96: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 97: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 99: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 100: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 101: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 102: Matrix on vendor position and classification
            • 11.3 3M Co.
              • Exhibit 103: 3M Co. - Overview
              • Exhibit 104: 3M Co. - Business segments
              • Exhibit 105: 3M Co. - Key news
              • Exhibit 106: 3M Co. - Key offerings
              • Exhibit 107: 3M Co. - Segment focus
            • 11.4 ARIX POLSKA SP zoo
              • Exhibit 108: ARIX POLSKA SP zoo - Overview
              • Exhibit 109: ARIX POLSKA SP zoo - Product / Service
              • Exhibit 110: ARIX POLSKA SP zoo - Key offerings
            • 11.5 Armaly Brands Inc.
              • Exhibit 111: Armaly Brands Inc. - Overview
              • Exhibit 112: Armaly Brands Inc. - Product / Service
              • Exhibit 113: Armaly Brands Inc. - Key offerings
            • 11.6 Corazzi Fibre Srl
              • Exhibit 114: Corazzi Fibre Srl - Overview
              • Exhibit 115: Corazzi Fibre Srl - Product / Service
              • Exhibit 116: Corazzi Fibre Srl - Key offerings
            • 11.7 Freudenberg SE
              • Exhibit 117: Freudenberg SE - Overview
              • Exhibit 118: Freudenberg SE - Business segments
              • Exhibit 119: Freudenberg SE - Key news
              • Exhibit 120: Freudenberg SE - Key offerings
              • Exhibit 121: Freudenberg SE - Segment focus
            • 11.8 Newell Brands Inc.
              • Exhibit 122: Newell Brands Inc. - Overview
              • Exhibit 123: Newell Brands Inc. - Business segments
              • Exhibit 124: Newell Brands Inc. - Key news
              • Exhibit 125: Newell Brands Inc. - Key offerings
              • Exhibit 126: Newell Brands Inc. - Segment focus
            • 11.9 The Clorox Co.
              • Exhibit 127: The Clorox Co. - Overview
              • Exhibit 128: The Clorox Co. - Business segments
              • Exhibit 129: The Clorox Co. - Key offerings
              • Exhibit 130: The Clorox Co. - Segment focus
            • 11.10 The Crown Choice
              • Exhibit 131: The Crown Choice - Overview
              • Exhibit 132: The Crown Choice - Product / Service
              • Exhibit 133: The Crown Choice - Key offerings
            • 11.11 The Libman Co
              • Exhibit 134: The Libman Co - Overview
              • Exhibit 135: The Libman Co - Product / Service
              • Exhibit 136: The Libman Co - Key offerings
            • 11.12 The Procter and Gamble Co.
              • Exhibit 137: The Procter and Gamble Co. - Overview
              • Exhibit 138: The Procter and Gamble Co. - Business segments
              • Exhibit 139: The Procter and Gamble Co. - Key news
              • Exhibit 140: The Procter and Gamble Co. - Key offerings
              • Exhibit 141: The Procter and Gamble Co. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 142: Inclusions checklist
                • Exhibit 143: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 144: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 145: Research methodology
                • Exhibit 146: Validation techniques employed for market sizing
                • Exhibit 147: Information sources
              • 12.5 List of abbreviations
                • Exhibit 148: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Sponge and Scouring Pads market growth will increase by $3.18 billion during 2019-2024.
              The sponge and scouring pads market is expected to grow at a CAGR of 3.80% during 2019-2024.
              Technavio has segmented the sponge and scouring pads market by end user (Residential and Non-residential) ,application (Core banking software, Asset and wealth management software, and Other banking software) , and geographic (APAC, Europe, North America, and South America).
              3M Co., Armaly Brands Inc., Corazzi Fibre Srl, Henkel AG & Co. KGaA, Newell Brands Inc., Reckitt Benckiser Group Plc, The Clorox Co., The Libman Co., The Procter & Gamble Co., Unilever Group are a few of the key vendors in the sponge and scouring pads market.
              North America will register the highest growth rate of 40.64% among the other regions. Therefore, the sponge and scouring pads market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the sponge and scouring pads market growth are:
              • Expansion of e-commerce market
              • Growing focus on smart retail stores
              The sponge and scouring pads market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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