As per Fact.MR’s projections, the market for Laundry Cleaning Products in the Asia Pacific will likely expand at a 40% CAGR.
The global laundry cleaning product market is expected to reach a valuation of around US$ 88.34 Bn in 2022 and is slated to accelerate at a CAGR of 5.0% to top US$ 145 Bn by 2032. This noteworthy jump in market size is rising consumer emphasis on increasing the shelf-life of fabrics in regions like the Asia Pacific & North America.
Demand for laundry detergents is high and is
projected to increase at a CAGR of 4% across the assessment
period of 2022 to 2032, with the segment continuing to hold the bulk of the
global market share.
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Key findings of the Laundry Cleaning Product
market study:
·
Regional breakdown of the Laundry Cleaning
Product market based on predefined taxonomy.
·
Innovative manufacturing processes
implemented by Laundry Cleaning Product vendors in detail.
·
Region-wise and country-wise fragmentation of
the Laundry Cleaning Product market to grasp the revenue, and growth outlook in
these areas.
·
Changing preferences among consumers across
various regions and countries.
·
Factors (Positive and Negative) impacting the
growth of the global Laundry Cleaning Product market.
Competitive Landscape:
Companies
operating in the market are focused on improving the supply chains by offering
low manufacturing and transportation cost. The overall laundry care market is
fragmented in nature, and sustainability is of utmost importance for existing
as well as new players entering this space.
- In March
2021, Unilever announced
its intention to close the washing powder factory in Warrington, United
Kingdom, as consumers are switching to other alternatives, including
laundry liquid and capsule detergents.
- In May 2021,
consumer health and hygiene company Reckitt Benckiser (RB) announced
its entry into the premium liquid laundry detergent category in India with
Woolite. This is the first time RB has brought an innovative keratin-based
new detergent formula, imported from Europe to India and launched
exclusively on e-commerce.
- In September
2022, Fort Wayne-based Summit
Brands is adding to its portfolio of laundry products. The company, which
markets and distributes household cleaning products, has acquired the Zout
and Fels-Naptha brands from Germany-based chemical company Henkel, though
financial terms are not being disclosed.
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Key Segments in Laundry Cleaning Product Industry Research:
- By Product :
o Laundry Detergents
§
Plant-Based Laundry Detergents
§
Laundry Detergent Liquids
§
Laundry Detergent Powder
§
Gel Laundry Detergents
o Laundry Whiteners
§
Liquid Laundry Whiteners
§
Laundry Whitener Powder
§
Laundry Whiteners And Brighteners
o Laundry Conditioners
§
Liquid Laundry Conditioners
o Fabric Softeners
- By Form :
o Liquids
o Bars
o Powders
o Gels
- By Distribution Channel :
o Modern Trade
o Grocery Stores
o Convenience Stores
o e-Commerce
- By Packaging :
o Bottle Packaging
o Pouch Packaging
o Carton Packaging
- By Application :
o Healthcare Industry
o Hospitality Industry
- By Region :
o North America
o Europe
o East Asia
o South Asia
o Oceania
o Middle East & Africa
o Latin America
Queries
addressed in the Laundry Cleaning Product market report:
·
Why are the Laundry Cleaning Product market
players targeting region for increased product sales?
·
What patented technologies are the players
utilizing in the global Laundry Cleaning Product market?
·
Which regions are displaying the fastest
growth in the Laundry Cleaning Product market?
·
What are the underlying micro- macroeconomic
factors affecting the global Laundry Cleaning Product market?
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