LONDON--(BUSINESS WIRE)--Technavio projects the global carpet cleaning products market to post a CAGR of over 3% during the forecast period. The inclination towards hygiene and cleanliness is a key driver, which is expected to positively impact market growth during the period 2018-2022. Carpets require high maintenance such as deep cleaning and regular vacuuming as they are susceptible to allergens such as dust mites, mold and pet dander. To eliminate bacteria contamination from carpets, vendors have introduced carpet cleaning that keeps the carpet floor clean.
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In this report, Technavio highlights the introduction of differentiated products along with innovative packaging as one of the key emerging trends to drive the global carpet cleaning products market:
Introduction of differentiated products along with innovative packaging
One of the most important aspects of carpet cleaning is efficacy, hence packaging needs to showcase the quality and efficiency of products. The development of new formulas, in innovating and informative packaging help to improve the overall customer experience. Smaller bottles use less space and ease the process of carrying, storing, using and handling of the products.
According to a senior analyst at Technavio, “The new line of 2X concentrated formula, incorporating optimized ergonomics and dispensing features which improve the overall consumer experience, will lead to the growth of the market.”
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Market segmentation and analysis through 2022
This market research report segments the global carpet cleaning products market by end-user (commercial and residential), and key regions (the Americas, APAC, and EMEA).
The commercial end-user segment accounted for over 85% of the market in 2017, followed by the residential segment. However, with increasing emphasis on hygiene, the residential segment is expected to witness a growth in its market share over the forecast period.
In 2017, the global carpet cleaning products market was led by the Americas which accounted for over 43% share followed by EMEA and APAC respectively. APAC is expected to witness an increase in its market share over the forecast period, while the Americas and EMEA will see a corresponding decline in their market shares by 2022.
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