The Asia Pacific Fabric Wash and Care Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 8,773.3 Kilo Tonnes, showcasing a growth of 6.1% (2019-2022).
The textile industry is closely linked to the fashion and style preferences of consumers. As people seek to express themselves through their clothing and interior decor, they are more inclined to invest in fabric care products to ensure that their textiles maintain their appearance, color, and texture over time. This factor has driven demand for specialized laundry products and detergents tailored to different fabric types. There is a growing tendency towards sustainability and the desire for products that have a longer lifespan. As disposable fashion becomes less desirable, consumers are increasingly interested in preserving and extending the life of their textiles. This has led to the demand for fabric care products that not only clean but also protect and prolong the quality of fabrics.
The market has witnessed significant technological advancements. New formulations, smart washing machines, and eco-friendly solutions have emerged, offering consumers more choices and convenience in fabric care. These innovations have made it easier for consumers to select the right products for their needs. Increasing environmental awareness has led to a shift in consumer preferences towards eco-friendly and sustainable fabric care products. Manufacturers are responding by developing environmentally friendly detergents, fabric softeners, and washing machines with reduced water and energy consumption. This sustainability trend has created new market opportunities and attracted a growing customer base.
The hospital sector in India was valued at $ 61.79 billion in FY17 and is projected to reach $132 billion by 2023, according to Invest India. The hospital sector in India, which comprises 80% of the overall healthcare industry, is experiencing a significant number of international and domestic investors. The healthcare industry places a strong emphasis on infection control and hygiene. As a result, hospitals and healthcare facilities require fabric sanitizers, antibacterial detergents, and specialized cleaning products to ensure the cleanliness and safety of textiles. This includes using eco-friendly and biodegradable fabric care products for maintaining medical textiles. The factors mentioned above will propel the market growth in this region.
The China market dominated the Asia Pacific Fabric Wash and Care Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,871.8 Million by 2030. The Japan market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.1% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Specialty Stores, Online, and Others. Based on Application, the market is segmented into Residential, Hospitality, Healthcare, Aviation, Automotive, and Others. Based on Product Type, the market is segmented into Detergent, Fabric Softener/Conditioner, Bleach. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Fabric Wash and Care Market is Predict to reach $175.3 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Colgate-Palmolive Company, Church & Dwight Co., Inc., The Procter and Gamble Company, Henkel AG & Company, KGaA, Reckitt Benckiser Group PLC, Wipro Limited, Seitz GmbH, Unilever PLC, Amway Corporation and The National Detergent Company S.A.O.G.
By Distribution Channel (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
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