Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 186 Million | USD 303 Million | 5.6% | 2023 |
The global laundry detergent market size was around USD 186 million in 2023 and is predicted to grow to around USD 303 million by 2032, with a compound annual growth rate (CAGR) of roughly 5.6% between 2024 and 2032.
Garments are being cleaned; stains, filth, and smells are eliminated from them using a cleaning solution known as laundry detergent. Maintaining hygienic conditions and the cleanliness of linens, clothes, and other objects depends on this. Surfactants, enzymes, and other ingredients mixed help laundry detergents break down and remove a range of stains, including oil, grease, and protein-based stains like perspiration or blood.
Apart from cleaning garments, laundry detergent is quite versatile and a must for both domestic and business cleaning. Homes typically use laundry detergent most commonly to wash linens, clothes, and other objects. Made to eliminate stains, filth, and smells from clothing, these detergents leave it clean and fresh. They come in powder, liquid, and pod forms and have particular benefits, including simplicity of use, efficiency at varying water temperatures, and compatibility with several washing machine types.
Increasing Internet penetration drives market growth
Several sellers actively use online platforms to increase consumer awareness of their goods. Global internet penetration has allowed laundry detergent suppliers to advise industrial organizations online fabric care. Additionally, before making a final purchase decision, end users compare a wide range of product options using several internet platforms. There are many chances for vendors to boost their profitability when they use e-commerce platforms for their commercial operations.
Due to the growing popularity of the Internet, several websites now serve retailers in different end-use industries as well as other customers seeking easy and rapid access to industrial laundry detergents. Online shopping is preferred by many customers since it is convenient and offers lower prices. Additionally, the online retail format increases vendor profitability and necessitates lower operating expenses.
Additionally, end consumers of industrial laundry detergent have the chance to select from a large selection of items and compare pricing from other vendors. Therefore, the global market for industrial laundry detergent is driven by the growing e-commerce industry and the growing Internet penetration.
Growing raw material costs hinder market growth
The laundry detergent market is seriously challenged by growing raw material prices. Key compounds like surfactants and enzymes have changed in response to unstable markets, which has impacted manufacturing prices. These growing costs could push manufacturers to raise product pricing, therefore compromising their profit margins. Higher retail prices can put off budget-conscious consumers, lowering the demand for laundry detergent.
Furthermore, it is difficult for companies to predict and budget the volatility of raw material prices, which makes maintaining constant output levels difficult. This makes it challenging for companies to balance consumer affordability with cost control, thus hindering market expansion.
Increasing product addition by the market players offers a lucrative opportunity for market growth
The increasing product addition by the key market players offers a lucrative opportunity for the laundry detergent industry growth over the forecast period. For instance, in April 2024, all® sensitive freshTM is a new laundry solution from the company that makes all® free clear, the detergent brand that dermatologists, allergists, and pediatricians suggest for sensitive skin. 99% of common daily and seasonal allergies are eliminated by all® sensitive freshTM, which was created with a "Spring Breeze" hypoallergenic fragrance and is 100% dye-free. The new detergent, which is already getting great reviews, was announced as the 2024 winner of Product of the Year USA, the most extensive consumer-voted awards program focused on product innovation. Kantar surveyed 40,000 people in the laundry detergent category.
Shift toward eco-friendly alternatives poses a major challenge to market expansion
Rising consumer awareness, changes to laws, and sustainability targets are causing the laundry detergent industry to shift toward environmentally friendly products. Seeking plant-based, biodegradable, non-toxic detergents more and more, consumers want to minimize their impact on the surroundings. Concerns about water contamination and skin sensitivity are driving demand for detergents devoid of phosphates, sulfates, and synthetic smells.
Moreover, governments and environmental organizations are regulating companies to use greener alternatives by imposing rigorous rules on detergent compositions to limit dangerous chemicals. Declared bans on phosphates and microplastics in places like the EU and North America are hastening this change.
Report Attributes | Report Details |
---|---|
Report Name | Laundry Detergent Market |
Market Size in 2023 | USD 186 Million |
Market Forecast in 2032 | USD 303 Million |
Growth Rate | CAGR of 5.6% |
Number of Pages | 222 |
Key Companies Covered | Unilever, Henkel AG & Co. KGaA, Church & Dwight Co. Inc., Procter & Gamble, Lion Corporation, Kao Corporation, Method products, PBC., Reckitt Benckiser Group plc., Colgate-Palmolive Company, S. C. Johnson & Son Inc., The Clorox Company, Alticor (Amway Corporation), and others. |
Segments Covered | By Product, By Application, 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 |
The global laundry detergent industry is segmented based on product, application, and region.
Based on the product, the global laundry detergent market is bifurcated into powder detergents, liquid detergents, fabric softeners, detergent tablets, and other detergents. The powder detergents segment is expected to hold the largest market share over the forecast period. Powerful detergents are becoming more and more popular among consumers due to their increased cleaning performance, affordability, and extended shelf life. The increased focus on eco-friendliness and sustainability has also prompted producers to create condensed formulae that save shipping expenses and packaging waste. Urbanization, the spread of washing machines, especially in emerging nations, and the increase in disposable incomes all contribute to this need.
Based on the application, the global laundry detergent industry is bifurcated into household and industrial or institutional. The industrial or institutional segment is expected to dominate the market expansion over the projected period. The need for laundry detergent is driven by the growing need for high standards of cleanliness in a variety of industrial sectors, including the food processing, hotel, and healthcare industries. The market's need for premium laundry detergent is increased by the hotel industry's growth, which is ascribed to the growing popularity of travel. The need for laundry detergents has significantly increased due to the expanding number of laundry service providers, resulting from many people leading busy lives, especially in urban areas.
North America dominates the market over the projected period
North America is expected to dominate the global laundry detergent market during the forecast period. In response to changing consumer demands, technological breakthroughs and product improvements have significantly changed the laundry detergent market in North America.
While laundry pods and tablets offer convenient, pre-measured solutions, concentrated formulae save money on packaging and shipping. Water and energy are saved with high-efficiency detergents made for contemporary washing machines. In addition to addressing environmental issues, biodegradable and eco-friendly detergents are safer for delicate skin. Advanced clothing care is provided by specialized detergents that target particular textiles and stains.
Alternatives for people with sensitivities include fragrance-free and hypoallergenic alternatives. By automatically distributing the appropriate amount, smart appliances improve the usage of detergent. Energy-saving innovations in cold water formulas and environmentally friendly packaging cut down on plastic waste. Tough stains are thoroughly cleaned, thanks to advanced stain removal methods. The demand for local laundry detergents is being driven by these advances, which improve user convenience, efficiency, and sustainability.
The global laundry detergent market is dominated by players like
The global laundry detergent market is segmented as follows:
By Product
By Application
By Region
FrequentlyAsked Questions
Garments are being cleaned; stains, filth, and smells are eliminated using a cleaning solution known as laundry detergent. Maintaining hygienic conditions and the cleanliness of linens, clothes, and other objects depends on this.
The laundry detergent market is driven by several factors, such as growing demand for hygiene & cleanliness, rising urbanization & disposable income, product innovation & eco-friendly trends, growing adoption of washing machines, and many others.
According to the report, the global laundry detergent market size was around USD 186 million in 2023 and is predicted to grow to around USD 303 million by 2032.
The global laundry detergent market is expected to grow at a CAGR of 5.6% during the forecast period
The global laundry detergent market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing investment in sustainable products and increasing product launches.
The global laundry detergent market is dominated by players like Unilever, Henkel AG & Co. KGaA, Church & Dwight Co., Inc., Procter & Gamble, Lion Corporation, Kao Corporation, Method products, PBC., Reckitt Benckiser Group plc., Colgate-Palmolive Company, S. C. Johnson & Son, Inc., The Clorox Company and Alticor (Amway Corporation) among others.
The laundry detergent market 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, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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