Press release
Laundry Care Market grow By 4% CAGR Between 2021 - 2031
As per Future Market Insights (FMI), sales in the laundry care market are expected to total between US$ 25 Bn and US$ 35 Bn in 2021. With growing demand for eco-friendly packaged laundry care products and increasing adoption of detergent pods, demand for laundry care products will increase at a high pace.Get | Download Sample Copy with Graphs & List of Figures:
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In terms of volume, FMI has forecast the laundry care market size to grow by 4% CAGR between 2021 and 2031. According to the report, over 16% - 21% of home & laundry care market sales are contributed by laundry care products.
According to the report, emergence of e-commerce platforms and promotion of plant-based liquid detergents and laundry care products will continue accelerating the demand in the laundry care market.
Key Takeaways from FMI’s Laundry Care Market Study
• Based on product type, the fabric softeners segment is poised to expand at over 5.6% CAGR 2021
• In terms of source type, synthetic segment is expected to register growth at 5.1% CAGR during the forecast period
• Sales of powder laundry care products are expected to reach US$ 38.5 Bn between 2021 and 2031
• South Korea and Japan are expected to account for over 22% and 34% of global sales in 2021, respectively
• India and China are expected to spearhead the growth of South and East Asia laundry care market, respectively during the forecast period
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Key Players:
Some of the players operating in laundry care market profiled by FMI are Procter & Gamble Co., Unilever PLC, Colgate-Palmolive Company, Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, Amway Corporation, Kao Corporation, S.C. Johnson & Son Inc., LG Household & Health Care Ltd., Golrang Industrial Group, Lion Corporation,and Alicorp S.A.A. among others
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By segmentation:
Product Type:
• Fabric Softeners
• Laundry Detergents
• Others
Distribution Channel:
• Wholesaler/Distributors
• Supermarket/Hypermarket
• Convenience Stores
• E-Commerce
• Grocery Stores
• Others
Source Type:
• Synthetic
• Organic
• Others
Form Type:
• Powder
• Cake/Block
• Liquid
• Others
Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East & Africa
• Japan
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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