Globally, about 25 percent of the population is under 15 years of age and 10 percent is over 65 years of age. Africa has the youngest population worldwide. In Sub-Saharan Africa, more than 40 percent of the population is below 15 years, and only three percent are above 65, indicating the low life expectancy in several of the countries. In Europe, on the other hand, a higher share of the population is above 65 years than the population under 15 years. Fertility rates The high share of children and youth in Africa is connected to the high fertility rates on the continent. For instance, South Sudan and Niger have the highest population growth rates globally. However, about 50 percent of the world’s population live in countries with low fertility, where women have less than 2.1 children. Some countries in Europe, like Latvia and Lithuania, have experienced a population decline of one percent, and in the Cook Islands, it is even above two percent. In Europe, the majority of the population was previously working-aged adults with few dependents, but this trend is expected to reverse soon, and it is predicted that by 2050, the older population will outnumber the young in many developed countries. Growing global population As of 2025, there are 8.1 billion people living on the planet, and this is expected to reach more than nine billion before 2040. Moreover, the global population is expected to reach 10 billions around 2060, before slowing and then even falling slightly by 2100. As the population growth rates indicate, a significant share of the population increase will happen in Africa.

The U.S. home organization products market is valued at USD 11.79 Billion in 2023 and is projected to reach USD 16.15 Billion by 2030, registering a CAGR of 4.6% for the forecast period 2023-2030. Driving factor of the Home Organization Products

Rising awareness about benefits of home organization products

The benefits of Home Organization Products play a significant role in driving the Home Organization Products market. These benefits make organization products attractive to consumers and encourage them to invest in such products.

Benefits of home organization products:

Improved Efficiency

Products for home organizing make it easier for people to find and access goods. Time is saved, and the frustration of looking for items is reduced.

Maximized Space

They utilize vertical and covert storage options to maximize space, especially in tiny homes or flats.

Reduced Clutter

Stress and a sense of disorder can be brought on by clutter. Products for home organizing assist keep possessions orderly, reducing clutter and fostering a more relaxing environment.

Improved Aesthetics

Numerous organizational goods are made with aesthetics in mind, which contributes to making a house that is more aesthetically pleasant.

Increasing awareness about these products coupled with marketing strategies increasing adoption of home organization products worldwide. For instance, YouTube has become powerful platform in today’s world due to the growing penetration of internet in developing as well as developed countries. Many companies and youtubers are using these platforms to introduce, demonstrate the home organization products usability etc. In addition, DIY products videos becoming popular day by day among users.

For instance, IKEA has its YouTube channel with more than 271K subscribers assist its customers through its video of different products with real life use and appearance. 

(Source:www.youtube.com/@IKEA/videos)

Rising urbanization and growing residential construction in developing region

Rising urbanization and growing residential construction have a significant positive impact on the home organization products market. Urbanization often leads to smaller living spaces, such as apartments and condos, due to the high population density in cities. This limitation of space creates a need for efficient storage and organization solutions. Home organization products, such as compact shelving units, closet organizers, and space-saving furniture, become essential for urban dwellers who want to maximize their available living space.

According to the Statista; approximately a third of the total population in India lived in cities. The trend shows an increase of urbanization by almost 4 percent in the last decade, meaning people have moved away from rural areas to find work and make a living in the cities.

(Source:www.statista.com/statistics/271312/urbanization-in-india/#:~:text=Urbanization%20in%20India%202021&text=In%202021%2C%20approximately%20a%20third,a%20living%20in%20the%20cities.)

According to estimates from the World Population review, India’s population reached 1.4 billion people in the end of 2022. 

(Source:frontline.thehindu.com/news/explained-india-now-has-14-billion-people-what-does-it-mean-for-their-health/article66575826.ece)

According to the Statista; in 2022, approximately 65.2 percent of the total population in China lived in cities. The urbanization rate has increased steadily in China over the last decades.

(Source:www.statista.com/statistics/270162/urbanization-in-china/)

In 2015, Indian government has launched Pradhan Mantri Awas Yojana (Urban) Mission, which intends to provide housing for all in urban areas by year 2022. The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses. This encourages the residential constructions in India. 

(Source:pmaymis.gov.in/)

The demand for efficient and space-saving organization solutions in urban areas is on the rise, driving the need for a wide range of home organization products.

Rising focus and implementation of minimalism in people's daily lifestyle

Restraining Factor of the Home Organization Products

Competitive market

The market for home or...

As of July 2024, Nigeria's population was estimated at around 229.5 million. Between 1965 and 2024, the number of people living in Nigeria increased at an average rate of over two percent. In 2024, the population grew by 2.42 percent compared to the previous year. Nigeria is the most populous country in Africa. By extension, the African continent records the highest growth rate in the world. Africa's most populous country Nigeria was the most populous country in Africa as of 2023. As of 2022, Lagos held the distinction of being Nigeria's biggest urban center, a status it also retained as the largest city across all of sub-Saharan Africa. The city boasted an excess of 17.5 million residents. Notably, Lagos assumed the pivotal roles of the nation's primary financial hub, cultural epicenter, and educational nucleus. Furthermore, Lagos was one of the largest urban agglomerations in the world. Nigeria's youthful population In Nigeria, a significant 50 percent of the populace is under the age of 19. The most prominent age bracket is constituted by those up to four years old: comprising 8.3 percent of men and eight percent of women as of 2021. Nigeria boasts one of the world's most youthful populations. On a broader scale, both within Africa and internationally, Niger maintains the lowest median age record. Nigeria secures the 20th position in global rankings. Furthermore, the life expectancy in Nigeria is an average of 62 years old. However, this is different between men and women. The main causes of death have been neonatal disorders, malaria, and diarrheal diseases.