Global Home Storage and Organization Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Closet Organizers, Shelving Units, Storage Bins and Boxes, Hooks and Hangers, and Others), By Material (Plastic, Metal, Wood, Fabric, and Others), By Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033

Global Home Storage and Organization Market Insights Forecasts to 2033

• The Global Home Storage and Organization Market Size was Estimated at USD 46 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.15% from 2023 to 2033
• The Worldwide Home Storage and Organization Market Size is Expected to Reach USD 76.1 Billion by 2033
• Asia Pacific is Expected to Grow the Fastest during the Forecast Period.

The Global Home Storage and Organization Market Size Was Worth around USD 46 Billion in 2023 and is Predicted to Grow to around USD 76.1 Billion by 2033 with a compound annual Growth rate (CAGR) of 5.15 % between 2023 and 2033. The Market is driven by the Growing trend towards minimalist living and the growth in home work and home learning; the need for creative storage solutions is on the rise. 

Market Overview

The home storage and organization market refers to an industry that is made up of real workhorses, problem-solvers and functions in a lot of different spaces. They are products that are accepted everywhere and most preferred products because they save time, money, and other resources.  Plastic, wire, wood, and metal, etc., are the various materials that are utilized in the production of these products. The major drivers of growth in the home storage and organization market are the rapidly expanding urbanization and the resulting reduction in living space. As cities grow denser, the average size of the home decreases, leading to a higher demand for efficient storage solutions. Furthermore, consumers are seeking more creative products that will help them make their limited space even more efficiently managed, driving demand for storage bins, closet organizers, and multi-functional furniture. Moreover, government programs encouraging eco-friendly solutions and industry-standard policies are also significantly contributing to market growth. The growing research and development expenditure by major industry players is driving new product development and increasing market prospects. Additionally, brands that specialize in environment-friendly manufacturing processes and provide green products tend to build a loyal customer base. Partnerships with green organization markets and product certifications for sustainability can contribute to brand believability and market visibility.

Report Coverage

This research report categorizes the home storage and organization market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the home storage and organization market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the home storage and organization market.

Driving Factors

The home storage and organization market is driven by a number of major drivers. The expansion of the home storage and organization market industry is fueled by a number of fundamental drivers, such as technological innovation, expanding consumer demand, and favorable regulatory policies. Moreover, product development and manufacturing process innovations are optimizing efficiency, enhancing performance, and minimizing expenses, thus making home storage and organization markets affordable for a broader base of industries. Increasing awareness regarding the advantages, along with increasing applications in industries like healthcare, automotive, and electronics, is further driving market growth. Furthermore, the convergence of digital technologies, including AI and IoT, is streamlining operational processes and improving product capabilities. Combined, these elements play a significant role in the consistent growth of the home storage and organization market, making it a worthwhile business for future investment.

Restraining Factors

The home storage and organization market encounters certain difficulties that would restrain its development. Volatility in raw material prices is one of the key restrainers. Changes in the prices of materials such as plastic, metal, and wood may affect the cost of manufacturing and, by extension, product pricing. This volatility can create uncertainties in supply chains and influence the profitability of manufacturers. Furthermore, the high level of competition in the market, where many players sell similar products, can result in price wars and margin squeezes, which present a challenge to market growth.

Market Segmentation

The home storage and organization market share is classified into product type, material, and distribution channels.

• The closet organizer segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the product type, the global home storage and organization market is divided into closet organizers, shelving units, storage bins and boxes, hooks and hangers, and others. Among these, the closet organizer segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by growing consumer demand for structured and uncluttered areas. These products assist in optimizing closet space, hence their popularity among city residents with small living areas. Furthermore, design and material innovations provide consumers with a variety of choices suited to their individual needs.

• The plastic segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the material, the global home storage and organization market is categorized into plastic, metal, wood, fabric, and others. Among these, the plastic segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's growth is attributed to its durability, affordability, and flexibility. Plastic products are lightweight and available in numerous colors and patterns, which contributes to their popularity for a variety of storage requirements. Additionally, plastic is simple to mass-produce, and due to mass production, plastic storage products are ubiquitous available in local stores, big supermarkets, and online.

• The supermarket/ hypermarket segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on distribution channels, the home storage and organization market is segmented into online stores, supermarkets/hypermarkets, specialty stores, and others. Among these, the supermarket/ hypermarket segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to the retail stores having the benefit of instant buying and the option to look at products physically before purchasing. Additionally, supermarkets and hypermarkets generally stock a wide variety of storage solutions for home storage products to suit a large consumer base. The availability of these retail stores in both urban and rural locations means home storage products are within reach for a large population.

Regional Segment Analysis of the Home Storage and Organization Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the home storage and organization market over the predicted timeframe.

North America is anticipated to hold the largest share of the home storage and organization market over the predicted period. The dominance is due to the high home improvement and decoration consumer spending. Furthermore, the United States and Canada, most notably, enjoy a robust culture of aesthetic living and home organization, which is driving the growth of the market. Urbanization and the availability of large retailers also drive demand for storage products in this marketplace.

Asia-Pacific is expected to grow rapidly in home storage and organization markets during the forecast period. The market in the region is driven by the rapid urbanization, growing disposable incomes, and a growing middle-class population are the major drivers of the market in this region. Moreover, China and India are witnessing strong growth in the home improvement market, which is resulting in increased demand for storage solutions.

Competitive Analysis:

The report offers an appropriate analysis of the key organization markets/companies involved within the home storage and organization market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• IKEA
• The Container Store
• ClosetMaid
• Rubbermaid
• Sterilite
• Honey-Can-Do
• Whitmor
• Elfa International
• Hafele
• Rev-A-Shelf
• InterDesign
• Spectrum Diversified Designs
• Simplehuman
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In July 2021, Bed Bath & Beyond launched Squared Away, a Clutter-Be-Gone Product Line of Storage and Organization Market "Solutions for A Well-Kept Home.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the home storage and organization market based on the below-mentioned segments:  

Global Home Storage and Organization Market, By Product Type

• Closet Organizers
• Shelving Units
• Storage Bins and Boxes
• Hooks and Hangers
• Others

Global Home Storage and Organization Market, By Material

• Plastic
• Metal
• Wood
• Fabric
• Others

Global Home Storage and Organization Market, By Distribution Channels

• Online Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Others

Global Home Storage and Organization Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa