Global Laundry Detergent Market is thriving worldwide by 2028

The global laundry detergent market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. One of the core factors that is fueling market growth includes the growing urbanization rate. As per the data published by the World Bank, in 2020, 56% of the total population, which is around 4.36 billion, lives in an urban region. It indicates that several people live an urban lifestyle that mostly follows phrases such as "First impression is the last impression", and judges people mostly based on their outfits. Such a mentality has increased the demand for laundry detergents for cleaning clothes regularly. The rising demand is reflected in the rising laundry startup companies such as Laundry Project Pvt. Ltd., PickMyLaundary, Doormint, and others.

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The COVID-19 pandemic impacted the laundry detergent market negatively owing to the nationwide lockdowns across the globe which restricted the supply chain, and halted the production process. However, the situation raised the demand for laundry detergent as personal hygiene became a necessity for people. This increased the growth of the market significantly as the situation normalized. As per the annual report of Inc., 2020, the company's net sales increased by 12.3% in 2020 as compared to the net sale in 2019.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Market Segmentation
Global Laundry Detergent Market by Product Type
o Powder
o Liquid
o Gel
o Pods/Tablets

Global Laundry Detergent Market by Application
o Home
o Commercial

Global Laundry Detergent Market by Distribution Channel
o Online
o Offline

Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Amway Corp.
o BASF SE
o CLARIANT
o Colgate-Palmolive Co.
o Croda International Plc
o DuPont de Nemours, Inc.
o Falcon Detergents Industry
o Henkel AG & Co. KGaA
o Kao group
o NIRMA LTD.

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global laundry detergent market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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