The latest report by IMARC Group, titled “Laundry Detergent Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The laundry detergent industry research report also includes competitor and regional analysis, and contemporary advancements in the market. The global laundry detergent market size reached US$ 48.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.99% during 2023-2028.
Laundry Detergent Market Overview:
Laundry detergent is a cleansing agent specifically formulated for removing dirt, stains, and odors from clothing and other washable fabrics. It is made with builders or water softeners, bleach, surfactants, enzymes, soil anti-deposition agents, optical brighteners, foam regulators, fragrances, dyes, and corrosion inhibitors that help keep soap scum and insoluble salts off the clothes. Due to its ability to loosen and remove stains from clothes, it is considered a good cleanliness care product. It also reduces the presence of germs that cause infectious diseases and extends the life of clothes, tableware, and furnishings. It is cost-efficient, safe to use, suitable for different water qualities, and easy to rinse. As a result, laundry detergent finds extensive applications in the textile, dry cleaning, healthcare, and hospitality industries across the globe.
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Global Laundry Detergent Market Trends:
The rising sales of automatic washing machines is driving the global market. Moreover, the increasing adoption of consumer appliances, such as dishwashers and washing machines, for cleaning purposes is creating a positive market outlook. Besides, continual innovations in product functionality and performance, along with the implementation of coherent strategies by key players to provide the required product, are providing a boost to the market. In line with this, the rising popularity of natural or organic laundry detergents that are environment-friendly and harmless to the skin and clothes is positively influencing the market. Other factors, such as the growing number of dry-cleaning centers, growing concerns about environmental sustainability, and innovative product packaging, are projected to propel the market further.
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Key Market Segmentation:
Top Laundry Detergent Brands Worldwide:
- Amway Corporation
- BASF SE
- Church & Dwight Co. Inc.
- Dow Inc.
- DuPont de Nemours Inc.
- Henkel AG & Co. KGaA
- Kao Corporation
- Lion Corporation
- Procter & Gamble Company
- Reckitt Benckiser Group PLC
- The Clorox Company
- Unilever plc
Breakup by Product Type:
- Powder
- Liquid
- Gel
- Pods/Tablets
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Convenience Stores
- Others
Breakup by Application:
- Industrial
- Household
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.