What is Sponge and Scouring Pads Market?
Sponge and scouring pads are made of steel or polymer, which is used to clean utensils, scouring slabs, sinks, etc. These pads are suitable for cleaning kitchen, tableware, metallic, wood and all types of daily household items. The soft material of the sponge and scouring pads are suitable for cleaning kitchen utensils, tableware, metallic, wood and all types of daily household items. The factors such as Increasing Demand for Household Applications, Increasing Number of Restaurants and Hotels and Rise in the Disposable Income of the People are driving the sponge and scouring pads market.
The market study is being classified by Type (Reusable and Disposable Use), by Application (Residential and Non-residential) and major geographies with country level break-up.
3M Company (United States), Armaly Brands Inc. (United States), Newell Brands Inc. (United States), The Clorox Company (United States), The Procter & Gamble Co (United States), Henkel (Germany), Kiwi Scourers LTD (Kenya), Sun 'n' Shine Industries (India), Weiman Products, LLC (United States) and La Crosse Brush Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sponge and Scouring Pads market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sponge and Scouring Pads market by Type, Application and Region.
On the basis of geography, the market of Sponge and Scouring Pads has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Household Applications
- Increasing Number of Restaurants and Hotels
- Rise in the Disposable Income of the People
Market Trend
- Robust Increase in the Distribution Channels
- Increasing Number of Online Customers
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Demand from End-users
- Growth in the E-commerce Industry
- Increasing Opportunities in the Developing Markets
Challenges
- Availability of Substitute Products in the Market
Market Leaders and some development strategies
In May 2018, Henkel signed an agreement with the Toronto Stock Exchange-listed company Acasta Enterprises Inc. to acquire JemPak Corporation, Canada.
Key Target Audience
Sponge and Scouring Pads Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users