Sales of Organization Products Grow 4.8% Annually Through 2023
Demand for home organization products used in closets is projected to advance 4.8 percent per year through 2023 to $3.4 billion. The use of home organization products in closets is well established, as storage is their primary purpose. As a result, closets are the rooms where the largest amount of home organization products are used. These and other trends are presented in Home Organization Products, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Demand for home organization products for all rooms (Closets, Garages, Family Rooms, Bedrooms, Pantries and Kitchens, and Bathrooms and Utility Rooms) is projected to reach $12.7 billion in 2023 on gains of 3.8 percent per year. A healthy economy will support continued advances in this consumer-facing industry. Further demand growth will result from: