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Global Domestic Liquid Detergent Market to Signify Strong Growth by 2022-2028

06-06-2022 12:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The domestic liquid detergent market is anticipated to grow at a significant CAGR of 5.8% during the forecast period (2022-2028).Domestic liquid detergent is a liquid cleaning product that is used for getting rid of dirt and grease from sensitive materials. Liquid detergent is prepared by dissolving the dry powder in a solution of water and chemicals known as solubilises, which aid in the uniform mixing of the water and detergent. Complexation agents, zeolites, bleach, enzymes, and other materials are used to make synthetic surfactants. Consumers are increasingly using liquid detergents as they may be equally mixed in both cold and warm water. Growing disposable incomes, particularly in emerging countries, are driving up demand for detergent liquid, with buyers choosing goods based on a company's reputation, price, and quality. Furthermore, producers are focusing on eco-friendly laundry detergents built from biodegradable components in response to growing concerns about environmental sustainability.

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The global domestic liquid detergent market is segmented based on the product type and distribution channel. Based on the product type, the market is sub-segmented into inorganic liquid detergent and organic liquid detergent. Among these product types, the organic liquid detergent segment is expected to propel the growth of the market due to the rising concern for environmental conservation. Based on the distribution channel, the market is sub-segmented into supermarkets, convenience stores, departmental stores, online stores, and others.

The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in July 2019, after three decades, Hindustan Unilever (HUL) announced that it is introducing a new laundry brand that looks to be targeted at the country's largest retailer, Future Group. Future has reduced HUL's shelf space in the category by about a third to make room for its own detergent liquid and powder goods. From parent company Unilever comes a new liquid detergent.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product Type
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- The Procter & Gamble Co., Henkel, The Clorox Co., and Unilever PLC, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Domestic Liquid Detergent Market Report by Segment

By Product Type

Inorganic Liquid Detergent
Organic Liquid Detergent

By Distribution Channel

Supermarkets
Convenience Stores
Departmental Stores
Online Stores
Others

A full report of Global Domestic Liquid Detergent Market is available at: https://orionmarketreports.com/global-domestic-liquid-detergent-market/111842/  

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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