Deodorizer Bags Market Set to Witness an Uptick during 2019 to 2025

Posted by Mrudula Anil Karmarkar on April 13th, 2022

The global deodorizer bags market size is expected to reach USD 857.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. The market is driven by increasing consumer awareness about health concerns, especially due to air borne diseases. Moreover, significant change in the consumer preference for different types of fragrances is expected to augment the demand for deodorizer bags.

Growing interest in the natural and quality products among the working population due to their various health benefits will fuel the product demand in the market. Companies are expanding their geographical reach and developing novel products in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, limited extension, and online sales and developments, endeavored by the key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions.

Further key findings from the study suggest:

• Based on application, the cars segment is projected to expand at a CAGR of 9.8% over the forecast period. The residential segment dominated the market with an overall share of 72.3% in 2018
• North America dominated the market in 2018 and accounted for 49.3% share of the overall revenue. This trend is projected to continue over the next few years owing to growing automotive industry, which is attributed to rise in mobility, mainly in developed countries
• The deodorizer bags market in Asia Pacific is anticipated to witness growth due to increasing disposable income in countries, such as India, South Korea, China, and Japan
• The industry is highly competitive due to presence of key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions