Home Care Contract Manufacturing Industry Procurement Intelligence Report: COVID-19 Induced Demand for Homecare & Sanitation Products To Witness Further Growth | Grand View Research, Inc.

Home Care Contract Manufacturing Industry Procurement Intelligence Report: COVID-19 Induced Demand for Homecare & Sanitation Products To Witness Further Growth | Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Dec. 15, 2021

SAN FRANCISCO, Dec. 15, 2021 /PRNewswire/ -- Home care contract manufacturing market has grown significantly since 2017 and is expected to grow at a CAGR of 11.42% from 2020-2025. Some of the homecare product manufacturers have expanded their business geographically during the lockdown period.

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Synergy Home Care announced that it has sold in 35% more territories in 2020 as compared to 2019. Similarly, Best Life Brands awarded 71 new franchise agreements across its brands last year. Other companies like HHCN expect the sales to be boosted even more when the pandemic comes to an end.

A U.K.- based contract manufacturer, McBride, has utilized this opportunity to expand its portfolio. In retail manufacturing alone, McBride has 6000 references manufactured and 1.5 million pallets delivered to over 250 customers. As a contract manufacturer, they have boosted their customer base. As of 2020, they have manufactured over 30 home and laundry care categories, which are active in the market for 150 brands.

The suppliers offering contract manufacturing for homecare products also cater to personal products, which is witnessing a strong growth due to changes in shopping patterns and formulations. The major selection criteria are Certifications and Ingredients used by the contract manufacturer; brands prefer partnering with manufacturers who use organic ingredients in their production process.

Home Care Contract Manufacturing Industry Procurement Intelligence report, by Grand View Research, deep dives into the following insights from the industry:

Home care Contract Manufacturing Market – Cost Intelligence Highlights:

Grand View Research has identified the following key cost components for Home care Contract Manufacturing:

Raw materials are the major cost component of home care contract manufacturing and account for 75% of the total cost of production.

Home Care Contract Manufacturing Industry – Supplier Intelligence – Capability based ranking & selection criteria with weightage:

Operational Capabilities –

Functional Capabilities –

List of Key Suppliers in the Home care Contract Manufacturing industry:

Addon Services offered 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):

Browse through Grand View Research's collection of procurement intelligence studies:

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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