Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 186 Million | USD 303 Million | 5.6% | 2023 |
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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