The global laundry detergent market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The growing demand for laundry detergents has been observed in the commercial sector, significantly, owing to the rise in the small business sectors such as restaurants, salons, clinics, laundry services, and others who use clothes during their working hours. Moreover, post-COVID-19 pandemic, several such businesses have increased their concern towards sanitizing the shops, to provide improved safety, and healthier environment for the workers. Owing to such causes the businesses are deploying washing machines, or hiring a person for cleaning clothes, which has directly will bolster the use of laundary detergents.
Additionally, such small businesses have been thriving across the globe as youngsters have been showing more interest in businesses over jobs which has been hard to get and perform in the recent competitive years. Such initiatives have also got a lot of support from some governments. For instance, in November 2021, as per data from the MSME Ministry, India has approximately 63 million MSMEs. the Udyam Registration portal (URP) registered more than 5.7 million MSMEs, replacing the former process of filing for a Udyog Aadhaar Memorandum (UAM). Registered micro-enterprises stood at more than 5.4 million (94.34%), followed by small enterprises at more than 0.29 million (5.09%) and midsized enterprises at over 32 thousand (0.57%).
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Product Type
- By Application
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Church & Dwight Co., Inc., Clorox, Hindustan Unilever Ltd., Procter & Gamble GmbH, Reckitt Benckiser group, and others.
Laundry Detergent Market Report Segment
By Product Type
- Powder
- Liquid
- Gel
- Pods/Tablets
By Application
- Home
- Commercial
By Distribution Channel
- Online
- Offline
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Laundry Detergent Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Amway Corp.
- BASF SE
- CLARIANT
- Colgate-Palmolive Co.
- Croda International Plc
- DuPont de Nemours, Inc.
- Falcon Detergents Industry
- Henkel AG & Co. KGaA
- Kao group
- NIRMA LTD.
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