Press release
Laundry Detergent Market To See Major Growth By 2026: Hindustan Unilever, Rohit Surfactants, Proctor and Gamble Home
Laundry Detergent Market
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Summary
The India laundry detergent market is anticipated to expand at a compound annual growth rate (CAGR) of ~5% during the (2021-2026) period, owing to rising consumer demand. Based on type, hand wash detergents constitute ~82% of the market share, while machine wash detergents hold the remaining of it. The demand for hand wash detergents is high, since only ~33% of the population use washing machines and require machine-wash detergents, and the rest of the population use hand-wash detergents for washing clothes.
Market segment insights:
Among the major laundry detergent companies like Hindustan Unilever Ltd. (HUL), Rohit Surfactants Pvt. Ltd. (RSPL), and Proctor and Gamble Home Products Ltd. (P&G) dominate the market, owing to high customer satisfaction both at national and regional levels. Apart from these players, Nirma, Jyothy Laboratories, Fena, and Reckitt Benckiser also operate in the market.
Among the major laundry detergent brands, Ghari had the largest market share during the period of 2014-2017, followed by Surf, and Wheel. Owing to its affordable price, Ghari detergent is the most preferred among the masses, and secures a high market share. On the other hand, brands like Surf and Wheel suffice demands of the middle-market and premium consumers.
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Market drivers:
The growth in market demand for washing machines has recently expanded at an impressive rate in India. The growing penetration of washing machines is directly increasing the demand for machine-wash laundry detergents. Moreover, the purchasing power of Indians has increased, which is encouraging many players in the detergent market to expand their network and upturn product penetration, especially in the rural market.
Market challenges:
Based on product pricing, laundry detergent manufacturers in India often face stiff competition. In addition, there is not much scope of product differentiation in the sector. Thereby, product differentiation, and high competition act as deterrents to the growth for the market players.
Companies covered:
1. Fena Pvt. Ltd.
2. Godrej Consumer Products Ltd.
3. Hindustan Unilever Ltd.
4. Jyothy Laboratories Ltd.
5. Nirma Ltd.
6. Patanjali Ayurved
7. Procter & Gamble Home Products Ltd.
8. Reckitt Benckiser (India) Ltd.
9. Rohit Surfactants Pvt. Ltd.
Customization available:
With the given market data, Research on Global Markets offers customizations according to specific needs. Write to us at craig.francis@htfmarketreport.com, or connect with us here.
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Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Laundry detergent market definition and structure
Chapter 4: Laundry detergent market in India
4.1. Market overview
4.2. Market size and growth forecast ((2021-2026)e)
Chapter 5: Laundry detergent market in India - segmentation
5.1. Machine wash vs hand wash split (2018)
5.2. Based on market players (2018)
5.2.1. Hindustan Unilever Ltd.
5.2.2. Rohit Surfactants Pvt. Ltd.
5.2.3. Procter & Gamble Home Products Ltd.
5.2.4. Nirma Ltd.
5.2.5. Jyothy Laboratories Ltd.
5.2.6. Fena Pvt. Ltd.
5.2.7. Reckitt Benckiser (India) Ltd.
5.2.8. Others
5.3. Based on major brands (2018)
5.3.1. Rin
5.3.2. Sunlight
5.3.3. Surf
5.3.4. Wheel
5.3.5. Ariel
5.3.6. Tide
5.3.7. Ghari
5.3.8
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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