Household Products
Build your household products portfolio in the CPG & Retail Industry around sustainability with greener products and implement a 'glocal' strategy for new markets
What Are The Trends Changing How Household Products Are Developed?
Technological and environmental leaps are reshaping the competitive landscape and demand in the industry. What are they and how will they affect your business?
- Sustainability Initiatives
- Design-for-Cost Formulation
- Expand to New Markets
- Raw Materials Costs
The Smart, Data-Driven Formulation Strategy
Launch more sustainable, cost-compliant product formulations with a data-driven strategy, powered by smart technology on the 3DEXPERIENCE® platform.
Sustainability Initiatives
Cleaning the world does not mean you have to dirty the planet. There is a significant shift towards household products in the CPG industry that are effective but gentle and eco-friendly to the environment. To meet this demand and expand the market for sustainable and 'green' products, household product Consumer Packaged Goods manufacturers must enhance their product portfolio with products that can compete. This means driving sustainability initiatives across product development, reformulation efforts, and both packaging and manufacturing initiatives. To deliver products that consumer will embrace and use in their homes, manufacturers need to capitalize on the demand for sustainability in the household products sector and shift their development process. Technological advancements can help brands break through in a competitive landscape, including the e-commerce channel.
Formulate to Cost
Deliver formulas tailored to specific cost structures on the 3DEXPERIENCE® platform.
Design-for-Cost Formulation
R&D organizations from brand and contract manufacturers can balance performance and cost with a robust formula design and management solution that manages powerful ingredient-level calculations. Constant innovation in products requires an agile development process for formulators. More than ever, it is also about leveraging the availabilities of raw materials in different plants around the world at the lowest cost. This may be very helpful in designing different formulas for different distribution channels, including e-commerce. Managing pricing profiles by channel can help drive distribution across channels and support a healthy growth rate. With powerful formulation tools that leverage artificial intelligence, formulators can accelerate development and get to market fast with the right product profiles. Based on the household product market size, sourcing enough new material is critical. By employing strong product specifications and maintaining full traceability of materials, companies can accelerate substitutions and thrive in a competitive landscape.
The Sure Answer to Quality and Compliance Management
Improve lab processes to ensure faster product delivery and to regulate demand.
Drive Home Products into New Markets
Market globalization and product success replication in every region of the world is a key challenge for a world class CPG brand manufacturer. Local and global governmental regulations and brands willing to strengthen consumers’ ‘trust in their equity’ rely on a perfect regulatory compliancy for formulas. Very often today, managing regulatory compliance is a highly manual process: collecting status reviews, discovering changes late in the process and making decisions on the right materials to be used can be a long process that drives up costs and slows down time-to-market. Using a powerful digital platform enables brand manufactures to capture and maintain critical regulatory intelligence from regions around the globe. This ensures that the products consumers bring into their homes will be safe and effective.
Contain Costs in the CPG Industry with Optimized Product Specification Management
It's time to get real about cost control. Here's a proven strategy for smarter sourcing of raw material equivalents that cost less but perform just as well.
Raw Materials Costs
Rare mineral resources can drive costs up for household products companies in the CPG industry. With enormous pressure on internal margins, how do companies react when materials go up in price? Leveraging science for raw materials substitutions that can help decrease formula costs is a lever that leading companies can take advantage of. Success in the household products segment may come down to how fast you can source new raw materials. With the pace of change in the regulatory environment, it's imperative that companies be agile in their sourcing strategies and be able to reformulate with new materials in a quick manner.
The Smart, Data Driven Formulation Strategy
Launch more sustainable, cost-compliant product formulations with a data-driven strategy, powered by smart technology on the 3DEXPERIENCE® platform.
Discover Examples of our Customers' Success
Build the Future of Sustainable Products for Consumers' Home Use
Learn how to accelerate sustainable product innovation from molecule to marketplace and drive your growth rate
Household Products Development: FAQ
A household product is a consumer packaged good used for household cleaning or cleaning clothes or for personal hygiene. Example products include surface cleaners, glass cleaners, laundry detergent, paper towels and some personal care products like tissues and wipes. These products are generally used in all rooms of a house by consumers.
Developing household products starts in the lab with formulators designing and testing products that will be effective and safe to use. Based on the scope of the item, materials will need to be sourced so that the products can be properly packaged and manufactured so as to be sold to consumers. These products and generally distributed through various retail channels, including e-commerce.
According to RESEARCH AND MARKETS, the household product market size is nearly $314Bn USD and the global growth rate forecast for the household products industry will be approximately 4.8% per year from 2023 - 2028.
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