The global liquidlaundry detergent market size size ispredicted to reach USD 33.24 billion by 2027, exhibiting a CAGR of 5.8% duringthe forecast period. The rising shift from powder detergent to liquid detergentowing to its formula to remove tough stains in one wash will spur demand forthe market, states Fortune Business Insights in a report, titled “LiquidLaundry Detergent Market Size, Share & Industry Analysis, By Application(Household, and Industrial & Institutional, {Laundry & Dry CleaningService, Hotel & Other Lodging, Healthcare, Textile Industry, and Others}),and Regional Forecast, 2020-2027” the market size stood at USD 21.25 billion in2019.
The emergence of COVID-19 hasbrought the world to a standstill. We understand that this health crisis hasbrought an unprecedented impact on businesses across industries. However, thistoo shall pass. Rising support from governments and several companies can helpin the fight against this highly contagious disease. There are some industriesthat are struggling and some are thriving. Overall, almost every sector isanticipated to be impacted by the pandemic.
We are taking continuous efforts tohelp your business sustain and grow during COVID-19 pandemics. Based on ourexperience and expertise, we will offer you an impact analysis of coronavirusoutbreak across industries to help you prepare for the future.
The Report Lists the Main Companies in the LiquidLaundry Detergent Market:
· Procter & Gamble(U.S.)
· Unilever(U.K.)
· Lion Corporation(Japan)
· KAO CORPORATION(Japan)
· Henkel AG & Co. KGaA(Germany)
· Church & Dwight Co., Inc.(U.S.)
· Reckitt Benckiser Group plc (U.K.)
· Wipro Consumer Care and Lighting (India)
· Seventh Generation Inc.(U.S.)
Regional Analysis:
Rapid Urbanization to Augment Growthin Asia Pacific
The NorthAmerica market size stood at USD 6.94 Billion in 2019 and is expected to growrapidly during the forecast period. The growth in the region is attributed tothe surge in the hospitality andtextile industries. The rising inclination towards a healthy lifestyle coupledwith concerns regarding home care hygiene will accelerate the healthy growth ofthe market. The rising household spending will further influence growth in theregion. Asia Pacific is predicted to dominate the market during the forecastperiod owing to the increasing product awareness in the emerging nations. The rapidlyevolving industries in the developing countries such as India and China willhave a tremendous impact on the market. The rapid urbanization and high demandfor washing machines will create lucrative opportunities for the market in theforeseeable future.
Market Driver:
Heavy Demand for Automatic WashingMachines to Propel Market
The rising necessity for washing machines in the residentialsector is a key factor driving the market. The growing demand for fullyautomatic washing machine owing to its user-friendliness and lowtimeconsumption time will subsequently aidthe expansion of the market during the forecast period. The ability to bothwash and whirl in fully automatic washing machines along with beingeco-friendly will promote its use, which, in turn, will foster the growth ofthe market. The evolvement from semi-automatic to fully automatic washingmachine owing to its capacity to offer efficient and stain removal operationswill have a positive impact on the market. The growing popularity of automaticmachines in the household and the residential sector will drive the market.Moreover, the increased spending on household accessories and machines willconsequently boost the market in the foreseeable future. In addition, theintroduction of innovative products by major brands will spur opportunities forthe market in the forthcoming years. For instance, Kao Corporation a Japanese chemical and cosmetics companyannounced the launch of concentrated liquid laundry detergent "AttackZERO.” The new concentrated liquid detergent is the first of Kao's exclusivelydesigned product series formulated as its key ingredient.
Key Development:
September 2018: DuPont IndustrialBiosciences, a leader in biotechnology introduced PREFERENZ, a detergent Linefor liquid laundry. The company plans to enhance its enzyme portfolio to thenext level by launching PREFERENZ P 300, including several PREFERENZ products,as well as EFFECTENZ and REVITALENZ.
Information Source:
https://www.fortunebusinessinsights.com/liquid-laundry-detergent-market-102962
About Us:
FortuneBusiness Insights™ offers expert corporate analysis and accurate data, helpingorganizations of all sizes make timely decisions. We tailor innovativesolutions for our clients, assisting them to address challenges distinct totheir businesses. Our goal is to empower our clients with holistic marketintelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connectus via Social Media Channels:
Facebook:https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter:https://twitter.com/FBInsightPvtLtd?s=20
LinkedIn:https://www.linkedin.com/company/fortune-business-insights/
