The Laundry Detergents Market is expected witness substantial growth in future owing to the ever-growing population, which is leading to increasing household consumption of laundry detergents. The key players in the market are focused on manufacturing ecofriendly laundry products, which are made by using biodegradable ingredients including natural washing soda, mineral based surfactants, coconut oil, and plant-based enzymes. This in turn, is expected to drive the growth of laundry detergents market.
The liquid segment accounted for the maximum market share in 2017 and is expected to grow at a higher rate during the forecast period due its increasing usage in residential and commercial sectors such as hospitality industry, laundry services, textile industry, and others. Residential sector includes its usage in household cleaning. Based on product type, the global laundry detergents market has been segmented into bars, powder, liquid, pods, and others.
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Some of the key players in the Global Laundry Detergents Market are
- Unilever (UK)
- The Procter & Gamble Company (US)
- RSPL Group (India)
- Henkel AG & Company
- KGaA (Germany)
- Church & Dwight Co. Inc. (US)
- Nirma Limited (India)
- Lion Corporation (Japan)
- Kao Corporation (Japan)
- Method Products (US)
The global laundry detergents market has been segregated, by distribution channel, into store-based and non-store based. The store-based segment has been further segregated into supermarkets and hypermarkets, convenience store, and others. The store-based segment is expected to generate higher revenue, with the supermarkets and hypermarkets sub-segment being the largest due to the strong and widespread network of stores. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online retailing.
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The global laundry detergents market has been segmented based on region, into North America, Europe, Asia-Pacific, Rest of the World.
North America is expected to dominate the global laundry detergents market owing to the rising number of e-commerce platforms is expected to be the major driving factor for product growth, particularly among the working-class owing to the convenience and easy accessibility. The e-commerce platform, in the US and Canada is largely acquired by companies such as Target, Amazon, and Walgreen. These companies offer wide range of products, which in turn attracts more consumers. Hence, it is expected to drive the laundry detergents market in coming years
Asia-Pacific laundry detergents market are expected to grow at a rapid pace due to the increasing population in the countries and consumption of laundry detergents in the regions. Europe is also expected to project a significant market share owing to the increasing disposable income of consumers in the countries, have led consumers opt for different products. Furthermore, hectic schedule of consumers in the countries have led to adoption of products which are easy and continent to use. Hence, this is expected to drive the growth of laundry detergents market.
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Some Important Table of Contents:
LIST OF FIGURES
FIGURE 1 Global Laundry Detergents Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Laundry Detergents Market
FIGURE 4 Value Chain of Global Laundry Detergents Market
FIGURE 5 Share of Global Laundry Detergents Market In 2018, By Country (%)
FIGURE 6 Global Laundry Detergents Market, By Region, 2018–2023,
FIGURE 7 Global Laundry Detergents Market Size, By Product Type, 2018
FIGURE 8 Share of Global Laundry Detergents Market, By Product Type, 2018–2023 (%)
FIGURE 9 Global Laundry Detergents Market Size, By Distribution Channel, 2018
FIGURE 10 Share of Global Laundry Detergents Market, By Distribution Channel, 2018–2023 (%)
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