Laundry Care Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Laundry Care Market: By Product Type (Laundry Detergent, Fabric Softener, and Others), By Distribution Channel (Off-line Distribution and On-line Distribution), and Geography

 

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Report

Description

Laundry Care Market size is valued at approximately USD 54,829.3 Million in 2021 and is predicted to exceed a significant CAGR of 5.3 percent between 2022 and 2028. Rising Demand for laundry detergents owing to increased household expenditure. The soap and detergents industry includes products for washing, viz laundry soaps, and synthetic detergents. Low energy, water consumption, and high-performance values are essential aspects that consumers consider when purchasing automatic washing appliances. Due to the emergence of small pack sizes, rapid urbanization, existing environmental pressures, and price escalation of petrochemical feedstock, the demand for sustainable laundry and dishwashing products is developing swiftly. Extreme research in household cleaning offers more innovative cleaning solutions. Over half of consumers worldwide favor functionality over natural and multipurpose claims in household care products. The emergence of new start-ups in the market presents a profit opportunity, and as a result, many enterprises will enter this domain. Based on product type, the laundry detergent segment accounts for a higher value in laundry care market with USD 23,734.2 Mn, followed by fabric softener. Consumer acceptance of scented laundry care products and non-allergenic/green products, as well as the development of new products, is propelling the expansion of the laundry detergent industry.

Recent Market Developments:

In Jan 2022, Henkel plans to merge Laundry & Home Care and Beauty Care to create new “Consumer Brands” business unit.

In November 2021, Lonza announced acquisition of Exosomics Service Unit in Siena, Italy to expand development service offering in exosome bioprocessing.

Laundry Care Market

MARKET SUMMARY
-
5.3% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.3%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Laundry Care Market

  • The laundry care market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The laundry care market is segmented based on product type, distribution channel, and geography.
Key Players
  • Fagor Automation
  • The Clorox Company.
  • Procter & Gamble
  • Reckitt Benckiser Group PLC.
  • Henkel AG & Co. KGaA
Laundry Care Market

Dynamics

The onset of eco-friendly and sustainable laundry care products is expected to drive market growth during the forecast period. Eco-friendly products are generally organic and are made of natural substances rather than artificial preservatives, chemicals, artificial additives, and synthetics, which are toxic to human health. At present, numerous consumers choose organic and eco-friendly laundry care products, such as liquid detergents made of natural ingredients. Strict government regulations on laundry care products such as detergents, soaps, and conditioners are expected to dampen the market.


Asia-Pacific Got Significant Share

Laundry Care Market

As manual washing is the most common method of washing clothes in emerging economies such as India, Indonesia, and China, the Asia Pacific is anticipated to produce the highest revenue share in the global laundry care products market owing to high invasion by companies such as Procter & Gamble, Unilever, and others with brands such as Surf Excel, Ariel, and others.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The laundry care market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Laundry Care Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Laundry Care Market is projected to expand at a CAGR of 5.3% during the forecast period.

The Clorox Company., Belmont Laundry, Procter & Gamble, Reckitt Benckiser Group PLC.

Asia-Pacific is the fastest-growing region for Laundry Care Market


Report

Company Profile

  • Henkel AG & Co. KGaA
  • Lonza
  • Fagor Automation
  • The Clorox Company.
  • Reckitt Benckiser Group PLC.
  • Procter & Gamble
  • Unilever
  • C. Johnson & Son Inc
  • Belmont Laundry.

Description

Laundry Care Market size is valued at approximately USD 54,829.3 Million in 2021 and is predicted to exceed a significant CAGR of 5.3 percent between 2022 and 2028. Rising Demand for laundry detergents owing to increased household expenditure. The soap and detergents industry includes products for washing, viz laundry soaps, and synthetic detergents. Low energy, water consumption, and high-performance values are essential aspects that consumers consider when purchasing automatic washing appliances. Due to the emergence of small pack sizes, rapid urbanization, existing environmental pressures, and price escalation of petrochemical feedstock, the demand for sustainable laundry and dishwashing products is developing swiftly. Extreme research in household cleaning offers more innovative cleaning solutions. Over half of consumers worldwide favor functionality over natural and multipurpose claims in household care products. The emergence of new start-ups in the market presents a profit opportunity, and as a result, many enterprises will enter this domain. Based on product type, the laundry detergent segment accounts for a higher value in laundry care market with USD 23,734.2 Mn, followed by fabric softener. Consumer acceptance of scented laundry care products and non-allergenic/green products, as well as the development of new products, is propelling the expansion of the laundry detergent industry.

Recent Market Developments:

In Jan 2022, Henkel plans to merge Laundry & Home Care and Beauty Care to create new “Consumer Brands” business unit.

In November 2021, Lonza announced acquisition of Exosomics Service Unit in Siena, Italy to expand development service offering in exosome bioprocessing.

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