What Has Been The Evolution of the Furniture Polish Wipe Market in Recent Years?
The furniture polish wipe market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for furniture polish wipes has noticed a significant growth. The forecasted growth marks an increase from $26.44 billion in 2024 to $29.23 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%.
Factors such as heightened attention to home decor aesthetics, the rise in the disposable income, the expansion of the middle-class families, innovative advancements in cleaning products, and an increase in the popularity of wooden furniture, contributed to the noteworthy growth during the past years.
What Is the Forecasted Market Size and Growth Rate for The Furniture Polish Wipe Market Size In The Coming Years?
The furniture polish wipe market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for furniture polish wipes is predicted to undergo quick expansion in the coming years. By 2029, it is estimated to reach $43.04 billion, with their compound annual growth rate (CAGR) being 10.2%.
The surge in forecast period can be associated with the escalating demand for domestic care items, increasing trend for eco-friendly and sustainable products, growth in e-commerce and online retail platforms, rise in disposable income, and the rising interest in do-it-yourself and home improvement endeavors. The prediction for the future trend includes the introduction of nano-technology formulations, environmentally friendly formulations, and inventive product designs.
What Factors Are Driving Growth In The Furniture Polish Wipe Market?
The furniture polish wipes market is set to expand, driven by the escalating demand for home makeovers. Home renovation, which upgrades or modifies existing homes for improved utility, aesthetic value, or overall worth, has seen a surge due to the appreciation of property values, individuals' growing interest in personalizing homes, the wish for enhanced functionality, mature housing inventory, building material advancements, higher disposable income, and the sway of home improvement TV shows and social media. Furniture polish wipes contribute to home remodeling by offering an effective and simple method to clean and restore furniture luster, hence making it appear restored and well-looked-after, thereby enhancing the overall aesthetic enhancement and adding an element of finesse to remodeled spaces. For instance, a May 2024 poll conducted by Houzz Study, a US-based web platform for home remodeling and design, revealed that renovation expenses have spiked in the past three years. The UK homeowners' median expenditure rose 13% to $17595.68 (£17,000) in 2023 relative to their 2023 remodelling and 2024 plan. Thus, the burgeoning demand for home redesigns is stimulating the furniture polish wipes market. The expansion of the furniture polish wipes market is also boosted by the escalating growth of e-commerce platforms. These software tools enable the digital transaction of commodities and services, with their expansion due to rising internet reach, consumer preference for handy shopping, mobile commerce progression, and a friendly regulatory framework. E-commerce systems aid the growth of the furniture polish wipes market by facilitating easier shopping experiences, allowing clients to scrutinize products and peruse reviews before buying. They also allow for a broader market reach, aiding manufacturers and brands in reaching customers beyond brick-and-mortar outlets. For example, Ecommerce Europe, a Belgian non-profit government entity, reported in October 2024 that total B2C e-commerce sales in Europe escalated by 8% in 2024, reaching $992.8 billion (€958 billion), a rise from $916.8 billion (€887 billion) in 2023. Thus, the advancement of e-commerce platforms is fueling the growth of the furniture polish wipes market.
What Are The Main Segments Of The Global Furniture Polish Wipe Market?
The furniture polish wipe market covered in this report is segmented –
1) By Type: Furniture Polish Wipe In Bottles, Furniture Polish Wipe In Bags, Other Types
2) By Material Type: Microfiber, Cotton, Synthetic, Other Material
3) By Distribution Channel: Online Stores, Supermarkets/Hypermarkets, Specialty Stores, Other Distribution Channel
4) By Application: Household Use, Commercial Use
Subsegments:
1) By Furniture Polish Wipe In Bottles: Spray Bottle Wipes, Pump-Dispenser Wipes, Squeeze Bottle Wipes, Refillable Bottle Wipes, Aerosol-Based Wipes
2) By Furniture Polish Wipe In Bags: Resealable Bag Wipes, Single-Use Sachet Wipes, Bulk Pack Wipes, Vacuum-Sealed Bag Wipes, Compostable Bag Wipes
3) By Other Types: Canister Wipes, Individually Wrapped Wipes, Multi-Surface Polish Wipes, Scented And Unscented Wipes, Eco-Friendly And Biodegradable Wipes
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What Emerging Trends Are Influencing The Growth Of The Furniture Polish Wipe Market?
Major companies operating in the furniture polish wipe market are focused on developing innovative solutions, such as double-sided design, to offer dual functionality for cleaning and polishing, enhancing efficiency and user convenience. Double-sided design refers to a product feature where each side serves a distinct purpose, such as one for cleaning and the other for polishing, maximizing functionality and efficiency. For instance, in October 2023, Harper Hygienics, a Poland-based company offering innovative products and modern technologies, launches presto professional dual action wipes to the household care. These wipes feature a dual-material design, with a rough side for removing tough dirt and a soft side for polishing surfaces. These are ideal for cleaning various household surfaces, including countertops, sinks, furniture, and floors. These are dedicated to providing effective and user-friendly cleaning solutions that simplify household chores.
Who Are the Key Players In The Furniture Polish Wipe Market?
Major companies operating in the furniture polish wipe market are:
• 3M Company
• Weiman Products LLC
• Colgate-Palmolive Co. Ltd.
• Reckitt Benckiser Group plc
• S. C. Johnson & Son
• Zep Inc.
• Nice-Pak Products Inc.
• Bona AB
• Betco Corporation
• S. Freedman & Sons Inc.
• Seventh Generation Inc.
• Hillyard Inc.
• Fuller Brush Company
• Method Products PBC
• Guardsman
• Claire Manufacturing Company
• Kleen-Pak Products Pte Ltd.
• Guardian Protection Products Inc.
• Howard Products Inc.
• Orange Glo International
• Endust
What Is The Most Dominant Region In The Furniture Polish Wipe Market?
North America was the largest region in the furniture polish wipe market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the furniture polish wipe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
