Global LaundryDetergent Market is anticipated to reach USD 205.2 billion by 2025. Laundry detergent exist as a dry powder or liquid. Less expensive detergents have no enzymes. The factors that are playing a key role in raising the market share include rise in industrialization in the developing countries, urbanization, product introductions, augmentation in the disposable income, rising demand for eco-friendly liquid laundry detergents, growing penetration of washing machines, mounting demands from the developing nations, rise in the expenditure by the customers, and rising prerequisites among the masses.
On
the other hand, there are factors that may hamper the growth of the market
including low durability of organic detergents, harmful effects of constituents
used in laundry detergents on skin, increasing competition between global and
regional companies and continuously fluctuating price of raw materials. Laundry
Detergents Market is anticipated to grow at a significant CAGR of 4.9% in the
upcoming period as the scope, product types, and its applications are
increasing across the globe.
Laundry
Detergent industry could be explored by product type, application, sale
channel, and geography. The key product type in the market include Powder
Detergents, Liquid Detergents, Detergent Tablets, Fabric Softeners, and Others.
The “Powder Detergents” segment led the Laundry Detergents Market in 2016 and
is anticipated to maintain its dominance by 2025 due to a huge population is
based in rural parts and selection of powder-based products over the other
products, and consumers’ preference for economical products. “Powder
Detergents” segment is followed by “Liquid Detergent” segment.
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The
laundry detergents industry by application could span Industrial or
Institutional, and Household. The “Household” segment led the market in 2016
and is anticipated to maintain its dominance by 2025 owing to increasing
saturation of washing machines in emerging economies. The laundry detergent
industry could be explored based on sale channel as Drugstores and pharmacies,
Hypermarkets and supermarkets, and Convenience stores.
Asia-Pacific
accounted for the major share of the Laundry Detergent Market Size in 2016 and
will continue to lead in the forecast period. The factors that could be
attributed to the growth include increased competition owing to increasing
acceptance of regional brands, and growing prominence of regional brands in
rural India, emerging economies, mounting disposable income of the population,
wider customer base, and enhanced standard of living. Countries including
China, and India have been recognized as the important contributors to the
market growth.
Some
of the key players that fuel the growth of the laundry detergent industry
comprise Johnson & Son, Inc., BASF SE, AkzoNobel, DuPont, Unilever, Lion
Group, The Dow Chemical Company, Henkel AG, Church & Dwight Co., Inc.,
Procter & Gamble, and Amway. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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Product Outlook (Revenue, USD
Million; 2014 - 2025)
• Powder detergents
• Liquid detergents
• Fabric softeners
• Detergent tablets
• Others
Application
Outlook (Revenue, USD Million; 2014 - 2025)
• Household
• Industrial or Institutional
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• Russia
• UK
• Asia Pacific
• China
• Japan
• India
• CSA
• Brazil
• Middle East & Africa
• Saudi Arabia
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