Laundry Care Market is Projected to Increase at a 5.7% CAGR from US$ 103.6 Billion in 2023 to US$ 180.3 Billion in 2033

The anticipated size of the global laundry care market in 2022 was close to US$ 98.2 billion. The increasing need for laundry care goods as a result of the expanding population in emerging regions is the main factor driving the expansion of the worldwide market. It is thus anticipated to have produced US$ 180.3 billion by 2023, alongside a CAGR of 5.7% from 2023 to 2033.

The market for laundry care products including detergents along with fabric conditioners is driven by the steadily rising demand for laundry services in important industries like hospitality, healthcare, and food services. A wide range of solutions for consumers are now available at reasonable prices as a consequence of the market's abundance of laundry service providers.

A number of laundry service companies now give instant pickup, payment options via the internet, and customer loyalty discounts to their clients along with speedy services. There is a greater need for new resorts and hotels, which will have a big impact on how the market for laundry care products expands throughout the projection period as the consumer sector expands.

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Chemical detergents along with cleaners frequently fall short of the performance of organic cleaners and detergents. They have components made from plants, which makes them preferred over those that employ chemicals. If the laundry detergent is chemical-based, even recently cleaned garments could feel sticky. This is not the case, in contrast, when washing clothes with natural detergents. Utilizing organic detergents has the added benefit of utilizing less resources. Clothing is in continual touch with the skin throughout the day. It is possible that some residue will stay in the clothing and come into proximity to the skin if harsh or even chemical-based cleaning solutions are employed.

Key Takeaways from the Market Study

Between 2018 and 2022, sales of laundry care increased at a CAGR of 5.4%.
In 2022, it is predicted that the fabric softeners category would increase its market share to 23%.
Through 2023, the organic source type sector is anticipated to grow at a 5.5% CAGR to reach US$ 38.8 billion.
The liquid detergent market is anticipated to grow at a rate of above 5.5% CAGR through 2023, representing an additional potential of US$58.4 Bn.
The market for laundry care products in India will grow at a 5.8% CAGR between 2023 and 2033.
According to estimates, the United States dominates the global market for laundry care with about 17.6% of total sales.

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"The increasing need for laundry care products as a result of the expanding population in emerging regions is the main factor driving the growth of the worldwide market. Customers are further enticed to shell out more on textile care and cleaning supplies by the availability of a variety of wash & care solutions." remarks an FMI analyst.

Key Segments Profiled in the Global Laundry Care Market

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

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Read Related Reports:

U.S. Laundry Facilities and Dry Cleaning Services Market - https://www.futuremarketinsights.com/reports/us-laundry-facilities-and-dry-cleaning-services-market

Laundry Sanitizers Market - https://www.futuremarketinsights.com/reports/laundry-sanitizers-market

On-Demand Laundry Service Market - https://www.futuremarketinsights.com/reports/on-demand-laundry-service-market

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This release was published on openPR.