Air Freshener Market Analysis Highlights the Impact of COVID-19 (2020–2024) | Product Launches to Boost the Market Growth | Technavio
Technavio has been monitoring the air freshener market and it is poised to grow by USD 2.78 billion during 2020–2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Air Delights Inc., Church & Dwight Co. Inc., Farcent Enterprise Co. Ltd., Godrej Consumer Products Ltd., Henkel AG & Co. KGaA, Kobayashi Pharmaceutical Co. Ltd., Newell Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., and The Procter & Gamble Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Product launches have been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Air Freshener Market 2020–2024: Segmentation
Air Freshener Market is segmented as below:
- End-user
- Application
- Geographic Landscape
- Individual Users
- Enterprise Users
- Residential
- Corporate Office
- Car
- Others
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41612
Air Freshener Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The air freshener market report covers the following areas:
- Air Freshener Market Size
- Air Freshener Market Trends
- Air Freshener Market Analysis
This study identifies the rise in product premiumization as one of the prime reasons driving the air freshener market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
