The Air Care Market is expected to reach USD 19,571.62 million by 2030, growing at a 5.3% CAGR between 2022 and 2030.
One of the major factors driving the growth of the air care market is the rise in global concern about indoor air quality. Increased demand for air care products to maintain a pleasant atmosphere in homes, offices, and vehicles, as well as increased consumer demand for various fragrance products such as gels, plug-ins, sprays, beads, and candles, drive market growth. The widespread use of air care products to eliminate toxic indoor pollutants such as volatile organic compounds released from perfumes, smoke from cigarettes and firewood, and repellents, among others, and an increase in consumer preference for aromatherapy, all have a positive impact on the market. The air care market benefits by increasing awareness, easy availability, an increase in disposable income, and an increase in the personal care sector. The developments and innovations in air care products provide profitable opportunities to market participants from 2022 to 2030.
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The COVID-19 outbreak has had a negative impact on the air care industry, resulting in the temporary closure of manufacturing facilities and a drop in demand. To limit further revenue losses, players in the global market for air care products are attempting to strengthen their supply chains and accelerate their operations. Furthermore, with the gradual lifting of the blockade across countries and the novel coronavirus under control, the global market will be able to recover more quickly in the coming years.
The global air care market is segmented based on distribution channel and product type.
According to the distribution channel:
According to the product type:
During the forecast period, the Asia-Pacific air care market is expected to account for the largest share of the global air care market. Rapid urbanization, rising population, and rising purchasing power drive market growth. Technological advancements, product innovations, and the easy availability of multiple products through various online and offline channels are expected to drive the growth of the Asia-Pacific air care market.
Furthermore, North America and Europe are expected to account for a sizable portion of the global air care market. The increased awareness of the importance of using environmentally friendly air care products is the primary driver of the region’s growth and advancement of air care products.
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What are the major tailwinds pushing the growth of the global air care market?
Rising disposable income that is impacting the consumer’s spending behaviour and the demand, are major tailwinds pushing the growth of the global air care market.
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