Kitchen Storage Organization Market, By Product Type (Cabinet Organizers/Drawer Organizers, Food Storage, Pantry Organizers, Sink & Under Sink, Dinnerware & Serving Storage and Others), By Material Type (Plastic, Metal, Glass & Crystal, Wood, and Others), By End Use (Residential and Commercial), By Price Range (Premium, Medium, and Low), And by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

Published In : Apr 2023

Code : CMI3333

Pages :218

Formats :

Excel and PDF

Industry : Consumer Goods

Market Challenges And Opportunities

Drivers:

Increasing consumer disposable income:

The benefits of kitchen storage organization and increasing consumer disposable income are the factors that are expected to drive market growth over the forecast period. Kitchen storage organization offers advantages such as it reduces clutter and thereby, making it easier to find items. It allows better utilization of kitchen space. Kitchen storage organization products are easy to clean and it improves cleanliness and hygiene in the kitchen by reducing clutter. In addition, a wide variety of inexpensive kitchen storage organization products such as racks, baskets, bins, boxes, and drawers are available in different materials such as plastic and metals and are easily available through offline and online distribution channels. Such advantages offered by kitchen storage organization products are expected to drive the growth of the global kitchen storage organization market.

Furthermore, increasing demand for household organization products, and increasing disposable household income are expected to fuel the growth of the global kitchen storage organization market. For instance, according to the Organization for Economic Co-operation and Development’s (OECD) data published in 2023, real household income per capita grew by 0.2% in the OECD in the third quarter of 2022, the first rise in real household income since the first quarter of 2021. Real GDP per capita grew by 0.3% in the third quarter of 2022

Restraints:

Increasing demand for do it yourself (DIY) kitchen products:

There is increasing demand for do it yourself (DIY) kitchen products, which are unique, creative, can be used as organizers, and can be replaced with kitchen storage organization products. This factor is expected to hinder the growth of the kitchen storage organization market over the forecast period.