SOURCE: Packaged Facts

December 15, 2008 13:14 ET

Consumers Cut Clutter and Stress With Home Organization Products

NEW YORK, NY--(Marketwire - December 15, 2008) - Consumer spending may be down, but seven years of super consumerism and population growth have sustained the U.S. home organization industry in an otherwise unstable economy. In the all-new report, "Home Organization Products in the U.S.: Containers, Shelving, Cabinets, Drawers, Hanging Storage and Accessories," market research publisher Packaged Facts estimates that sales of home organization products reached about $6 billion in 2007. Between 2003 and 2007 the market experienced a 5% compound annual growth rate (CAGR).

Copious spending tendencies have left Americans with an overabundance of "stuff" and in the middle of a storage crisis. Consumers are opting to funnel their strained funds into home organization products designed to make their homes more comfortable, less cluttered, and ultimately less stressful. Packaged Facts forecasts this trend to invigorate the home organization market to grow at a CAGR of 4% to total sales of about $7 billion in 2012.

"As consumers decrease spending on big ticket items they will likely continue to buy affordable products that help them maintain an orderly, healthy lifestyle for themselves and their homes," says Tatjana Meerman, publisher of Packaged Facts.

"Home Organization Products in the U.S.: Containers, Shelving, Cabinets, Drawers, Hanging Storage and Accessories" analyzes why consumers desire and need to organize their homes, and examines why this need will continue despite housing and economic troubles. The report contains comprehensive data on the U.S. market for home organization products, including historical (2003-2007) and forecasted (2007-2012) retail sales data. It also examines the trends impacting the market, including the growth of niche items for specialty storage needs, the influence of design and color, and the rise of the kitchen and laundry room as the areas most needed to be organized after closets and garages. For further information, visit http://www.packagedfacts.com/Home-Organization-Products-1819893/.

About Packaged Facts - Packaged Facts, a division of Market Research Group, publishes market intelligence on a wide range of consumer industries, including consumer goods and retailing, foods and beverages, demographics, pet, and financial products. Packaged Facts also offers a full range of custom research services. For more information contact Jenn Tekin at (240) 747-3015 or jtekin@marketresearch.com.

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