Household Cleaners Contract Manufacturing Procurement Intelligence anticipated to witness growth at a CAGR of 11.0% by 2030
Household Cleaners Contract Manufacturing Procurement Intelligence
The household cleaners contract
manufacturing category is anticipated to witness growth at a CAGR of 11.0%
from 2023 to 2030. In 2022, Asia Pacific held a substantial share of the global
category, followed by North America and Europe. This dominance is mainly
attributed to the rising disposable income and emphasis on cleanliness and
hygiene, which has raised demand for household cleaners. The growth is further
fueled by an increase in the number of local manufacturers. Key players based
out of Asia Pacific are focusing on developing multi-purpose and organic
products with an objective to increase their market share. In addition, the
North America region is home to cutting-edge facilities and technologies. These
technologies are used by the household cleaner contract manufacturing service
providers to produce better goods and services and gain a competitive
advantage.
Based on service type, the category is
dominated by the manufacturing segment. The services offered in this category
enable the businesses (band owners) to reduce equipment & machinery costs.
The cost of buying massive machinery and keeping it maintained, repaired, or
replaced requires fewer resources. It also eliminates the need to pay personnel
to manufacture goods internally. It can be expensive to hire whole teams of
experts, researchers, and manufacturers, paying them full wages and perks.
Service providers may not charge a client for the personnel or equipment they
own. They simply have to pay the total agreed upon in the contract, plus any
other applicable fees or costs. In addition, a business can put all of the
money and resources it saves to fund other endeavors, such as supporting sales
initiatives, expanding its marketing plans, and/or adding personnel for other
divisions.
Order your copy of the Household Cleaners Contract Manufacturing category
procurement intelligence report 2023-2030, published by Grand View Research, to get more details
regarding day one, quick wins, portfolio analysis, key negotiation strategies
of key suppliers, and low-cost/best-cost sourcing analysis
Technologies such as Artificial
intelligence (AI) have gained significant popularity in the industry. The
ability of AI to evaluate enormous volumes of data in real time is one of the
most important advantages for manufacturing. Artificial intelligence (AI)
systems can quickly investigate the data to find patterns and trends, helping
firms understand how their manufacturing processes are working. This is made
possible by Industrial Internet of Things (IIoT) devices and sensors that
gather data from machines, equipment, and production lines. The technology
supports the service providers in finding abnormalities and equipment flaws. For
example, they (service providers) can use machine learning algorithms, that are
equipped to notice patterns in the data and suggest the next steps based on
those patterns while identifying any defects in the initial stages of the
manufacturing process itself.
The outbreak of the COVID-19 pandemic
significantly impacted the demand for household cleaners as it was being
increasingly utilized in commercial as well as residential properties to
disinfect the surroundings. As a result, due to the unanticipated increase in
demand, there was a shortage of supply, prompting some manufacturers to
increase their production capacity to meet the customer demand. Leading
producers, such as Henkel, P&G, and Reckitt Benckiser, witnessed a spike in
demand for cleaning products which led them to outsource their manufacturing
operations to the service providers in the category with an objective to
increase their supply. The demand for household cleaners is expected to
increase in the next years due to growing disposable income and increased
urbanization, which will result in significant infrastructure investments.
Consequently, it will support the growth of the global category.
Household Cleaners Contract
Manufacturing Sourcing Intelligence Highlights
·
The household
cleaners contract manufacturing category exhibits a fragmented landscape with
intense competition among the players in the industry.
·
Buyers in the
category possess high negotiating capability due to the intense competition
among the suppliers, enabling the buyers with flexibility to switch to a better
alternative.
·
India is the
preferred low-cost/best cost country for sourcing household cleaners contract
manufacturing service providers. The nation is a cost-effective destination for
contract manufacturing due to its relatively cheap raw material costs, energy
costs, and labor costs, which result in significant cost savings.
·
Raw materials,
labor, equipment & machinery, rent & utilities, packaging &
transportation, and other costs are the key cost components in the household
cleaners contract manufacturing category. Other costs can be further bifurcated
into research & development (R&D), administrative expenses, taxes &
insurance, maintenance & repairs, depreciation, and interests.
List of
Key Suppliers
·
Abdos
·
Advance Research Chemicals, Inc.
·
CleanPak Products, LLC
·
Colep Consumer Products
·
Formula Corp.
·
Guy & O'Neill, Inc.
·
McBride plc
·
Megamorph Marketing Pvt. Ltd.
·
Nicols S.A
·
PLZ Corp.
·
Premier Care Industries
·
Rockline Industries
Browse
through Grand View Research’s collection of procurement intelligence studies:
· Electric Vehicle Charging Connector Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix,
Emerging Technologies, Pricing Models, Cost Structure, Engagement &
Operating Model, Competitive Landscape)
· Catering Service Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies,
Pricing Models, Cost Structure, Engagement & Operating Model, Competitive
Landscape)
Household Cleaners Contract Manufacturing Procurement Intelligence
Report Scope
·
Household
Cleaners Contract Manufacturing Category Growth Rate: CAGR of 11.0% from 2023
to 2030
·
Pricing Growth
Outlook: 5% - 10% increase (Annually)
·
Pricing
Models: Cost-plus pricing, competition-based pricing, demand-based pricing,
hourly pricing, and fixed pricing
·
Supplier
Selection Scope: Cost and pricing, past engagements, productivity, geographical
presence
·
Supplier
Selection Criteria: Geographical service provision, years in service, employee
strength, quality management system, technologies deployed in manufacturing,
regulatory compliance & IP protection, assembly & storage capacity, transportation
support, lead time, and others
·
Report
Coverage: Revenue forecast, supplier
ranking, supplier matrix, emerging technology, pricing models, cost structure,
competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand
View Research:
A smart and
effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect
of supply chain, which helps in efficient procurement decisions.
Our services include (not
limited to):
·
Market
Intelligence involving – market size and forecast, growth factors, and driving
trends
·
Price and Cost
Intelligence – pricing models adopted for the category, total cost of
ownerships
·
Supplier
Intelligence – rich insight on supplier landscape, and identifies suppliers who
are dominating, emerging, lounging, and specializing
·
Sourcing /
Procurement Intelligence – best practices followed in the industry, identifying
standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized
with the suppliers, and best suited countries for sourcing to minimize supply
chain disruptions
Comments
Post a Comment