Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 112.32 Billion | USD 201.11 Billion | 6.69% | 2023 |
The global fabric wash and care market size was evaluated at $112.32 billion in 2023 and is slated to hit $201.11 billion by the end of 2032 with a CAGR of nearly 6.69% between 2024 and 2032.
Fabric wash & care products are utilized for protecting fabrics from wear & tear caused due to constant washing and usage. In addition to this, these items are used for performing washing activities in the automotive and aviation sectors. A surging population across the globe is making use of cleaning products and this has enhanced the demand for fabric wash and care items.
Rising use of premium cleaning detergents to bulge the growth of market across the globe
A surge in the disposable income along with huge demand for premium cleaning items such as detergents will embellish the expansion of the global fabric wash and care market in the years to come. Rapidly changing customer styles along with flourishing fashion sector will contribute majorly towards the growth of the global market. Flourishing e-commerce and online retail sectors will proliferate the size of the global market.
Dynamic pricing of fresh wash & care products can inhibit the expansion of the global industry
Sensitivity in prices as well as dynamic pricing can restrict the expansion of the global fabric wash and care industry. Growing environmental pollution can restrain the expansion of the global fabric wash and care industry.
Escalating demand for eco-friendly products to pave a way for immense growth of the global market
Growing demand for environment friendly products and innovations in formulations of fabric wash & care products will create new growth opportunities for the global fabric wash and care market.
Supply chain fluctuations can prove detrimental to the expansion of the global industry
Disruptions in supply chain activities and tough competition between business rivals can prove to be a huge challenge for the global fabric wash and care industry's growth.
The global fabric wash and care market is divided into product type, application, end-user, distribution channel, and region.
In product type terms, the fabric wash and care market across the globe is segregated into bleach, fabric softener, and detergent segments. Furthermore, the detergent segment, which acquired nearly two-fifths of the global market share in 2023, is expected to register the fastest yearly rate of growth in the forecast timeline. The expansion of the segment in the next couple of years can be a result of detergents being active cleansing agents that can easily remove stains as well as dirt & bad smells from clothes.
On the basis of application, the global fabric wash and care industry is segmented into stain removal and odor removal segments. Additionally, the stain removal segment, which amassed a key share of the global industry in 2023, is predicted to lead the segment sphere in the coming eight years. The segmental surge from 2024 to 2032 can be due to the large-scale use of stain removal fabric wash and care products by users as they improve fabric cleaning performance.
Based on the end-user, the global fabric wash and care market is sectored into residential, aviation, hospitality, automotive, and healthcare segments. However, the residential segment, which garnered about 60% of the global market share in 2023, is expected to make notable contributions towards the global market size over the assessment timeline. The growth of the segment in the next few years can be attributed to a prominent surge in the usage of fabric care and wash items such as fabric softeners, detergents, and stain removers for routine washing as well as household laundry washing activities.
Based on the distribution channel, the global fabric wash and care industry is bifurcated into e-commerce, pharmacy & drugstores, hypermarkets & supermarkets, and other segments. Moreover, the hypermarkets & supermarkets segment, which accumulated about 60% of the global industry share in 2023, is projected to make lucrative contributions towards the global industry revenue over the expected timespan. The growth of the segment in the forthcoming years can be credited to the easy availability of fabric wash and care items on the shelves of hypermarkets & supermarkets.
Report Attributes | Report Details |
---|---|
Report Name | Fabric Wash and Care Market |
Market Size in 2023 | USD 112.32 Billion |
Market Forecast in 2032 | USD 201.11 Billion |
Growth Rate | CAGR of 6.69% |
Number of Pages | 218 |
Key Companies Covered | Alicorp S.A.A., Henkel AG & Co.KGaA, LG Household & Health Care Ltd., Amway Corporation, Huntsman International LLC, Colgate Palmolive, Guangzhou Liby Group Co. Ltd., Kao Corporation, Lion Corporation, SEITZ GmbH, Rohit Surfactants Private Limited (RSPL), The National Detergent Company Co., Procter and Gamble, The Clorox Company, Wipro Enterprises Pvt. Ltd., Wings Corporation, Church & Dwight Co. Inc., Reckitt Benckiser Group plc., Guangzhou Blue Moon Industry Co. Ltd., The Nice Group, Team Thai Ltd., Golrang Industrial Group, Unilever, and others. |
Segments Covered | By Product Type, By Application, By End-User, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to maintain the leading position in the global fabric wash and care market in the years ahead
Asia-Pacific, which accounted for nearly 66% of the global fabric wash and care market earnings in 2023, is anticipated to establish a numero uno position in the global market in the years to come. Moreover, the regional market expansion in the next couple of years can be due to an increase in the fabric manufacturing business in countries such as India, Bangladesh, Thailand, Indonesia, and China. Rapid industrialization will further account majorly towards the regional market size.
North American fabric wash and care industry is anticipated to register the fastest CAGR in the forecast timespan. The progression of the industry in North America can be ascribed to the humungous presence of key players in countries such as the U.S. Additionally, changing customer lifestyles and demand for particular detergent formulations & brands will scale up the growth of the industry in the region.
The global fabric wash and care market profiles key players such:
By Product Type
By Application
By End-User
By Distribution Channel
FrequentlyAsked Questions
Fabric wash & care products are utilized for protecting fabrics from wear & tear caused due to constant washing and usage.
The global fabric wash and care market growth over forecast period can be owing to rapidly changing customer styles along with flourishing fashion sector.
According to a study, the global fabric wash and care industry size was $112.32 billion in 2023 and is projected to reach $201.11 billion by the end of 2032.
The global fabric wash and care market is anticipated to record a CAGR of nearly 6.69% from 2024 to 2032.
The North American fabric wash and care industry is set to register the fastest CAGR over the forecasting timeline owing to humungous presence of key players in the countries such as the U.S. Additionally, changing customer lifestyles and demand for particular detergent formulations & brands will scale up the growth of the industry in the region.
The global fabric wash and care market is led by players such as Alicorp S.A.A., Henkel AG & Co.KGaA, LG Household & Health Care Ltd., Amway Corporation, Huntsman International LLC, Colgate Palmolive, Guangzhou Liby Group Co., Ltd., Kao Corporation, Lion Corporation, SEITZ GmbH, Rohit Surfactants Private Limited (RSPL), The National Detergent Company Co., Procter and Gamble, The Clorox Company, Wipro Enterprises Pvt. Ltd., Wings Corporation, Church & Dwight Co. Inc., Reckitt Benckiser Group plc., Guangzhou Blue Moon Industry Co., Ltd., The Nice Group, Team Thai Ltd., Golrang Industrial Group, and Unilever.
The global Fabric Wash and Caremarket report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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