Press release
Fabric Wash And Care Market is Expected to Grow at a CAGR of over 6.21% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Fabric Wash And Care market was valued at USD 103.11 Billion in 2020 and is projected to reach USD 166.96 Billion by 2028, growing at a CAGR of 6.21% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 6.21% size of the Fabric Wash and Care Market at the end of the forecast period.
• The Global Fabric Wash and Care market is predicted to reach a value of USD 166.96 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Laundry and care products are used to protect clothing from damage caused by regular washing and use. Furthermore, these products are used for laundry purposes in a variety of industries such as automotive and aviation.
The growth in the fabric wash and care market is anticipated to drive growth over the forecast period, driven by growth in consumer disposable income and improvement in lifestyle.
Moreover, increasing awareness about the benefits of using fabric conditioners is also anticipated to drive the growth of the market over the forecast period.
The adverse effects of chemical based products are expected to hamper the market growth over the forecast period.
Market Segmentation:
By Type:
• Detergent
• Fabric softener/conditioner
• Bleach
By Application:
• Residential
• Hospitality
• Healthcare
• Aviation
• Automotive
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COVID-19 Impact Analysis of Fabric Wash and Care Market:
When the Covid-19 pandemic began in China last year, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Fabric Wash and Care market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Fabric Wash and Care Market:
• Rohit Surfactants Private Limited (RSPL)
• Reckitt Benckiser Group
• SEITZ GMBH
• Kao Corporation
• Wipro Enterprises Limited
• Huntsman International
• Procter & Gamble
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Reason for buying this Fabric Wash and Care market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Fabric Wash and Care market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Fabric Wash and Care market and provides possible solutions to those problems.
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