Published Date: 31-May-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Laundry Care Market size is expected to reach $126 billion by 2028, rising at a market growth of 3.9% CAGR during the forecast period.
The Laundry Detergents segment acquired maximum revenue share in the Global Laundry Care Market by Product Type in 2021, thereby, achieving a market value of $77,171 Million by 2028. Laundry detergents are basically used to remove stains and grime from clothing. Cleaning with detergent is popular among consumers because of its effectiveness and speed. As a result of increased marketing efforts by industry companies, consumer knowledge of laundry detergent products such as gels, pods, and liquids has increased.
The Online market is showcasing a CAGR of 3% during (2022 - 2028). The online distribution channel segment is predicted to develop in the next years due to an increase in sales of laundry care goods primarily through company websites and e-commerce companies such as Walmart, Amazon, and others. Furthermore, prominent market players are continually presenting new product launches on online portals and e-commerce websites, which is predicted to help them reach a broader audience and establish new revenue streams. Furthermore, increased internet penetration and the expansion of the e-commerce industry are likely to boost the market growth.
The Asia Pacific is the fastest growing region in the Global Laundry Care Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $51,523.4 Million by 2028. The North America market is estimated to witness a CAGR of 3.2% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 3.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/laundry-care-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Procter and Gamble Company, Unilever PLC, Kao Corporation, Henkel AG & Company, KGaA, The Clorox Company, Reckitt Benckiser Group PLC, The Colgate-Palmolive Company, Church & Dwight Co., Inc., Godrej Consumer Products Ltd., and S. C. Johnson & Son, Inc.
By Product Type
By Distribution Channel
Unique Offerings from KBV Research