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Biodegradable Detergents Market Size, Share , Latest Trends, Key Players And Forecast To 2033
Biodegradable Detergents Market Analysis
The Business Research Company presents an extensive market research report on the Biodegradable Detergents Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The biodegradable detergents market size has grown strongly in recent years. It will grow from $7.7 billion in 2023 to $8.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to environmental awareness, stringent environmental regulations, sustainable consumer preferences, reduced impact on water systems, consumer education and awareness campaigns.
The biodegradable detergents market size is expected to see strong growth in the next few years. It will grow to $10.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to green product market growth, rising eco-conscious consumer base, circular economy practices, government incentives and regulations, plant-based ingredients. Major trends in the forecast period include innovation in formulations, technological advancements in formulations, collaborations and partnerships, packaging innovations, innovations in enzyme technology.
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Key Market Players:
Major companies operating in the biodegradable detergents market report are BASF SE, Procter and Gamble (P&G), Unilever PLC, Henkel AG & Co. KGaA, S. C. Johnson & Son Inc., Kao Corporation, The Clorox Company, Lion Corporation, The Honest Company Inc., Nirma Limited, Branch Basics, Sun & Earth Corporation, Attitude Living, Cot's Wash Inc., Greenology Products LLC, Frank T Ross And Sons Ltd., Earth Breeze, If You Care, Better Life, Sutherland Products Inc., Grab Green, Eco Nuts, Bi-O-Kleen Industries Inc., Elements Brands, Vaska, Bio Pac Inc., GreenShield Organic
Market Drivers:
Increasing water pollution is expected to propel the growth of the biodegradable detergent market going forward. Water pollution refers to spreading pollutants into subterranean groundwater or bodies of water such as lakes, streams, rivers, and estuaries. A biodegradable detergent dissolves into harmless substances, reducing the amount of harmful chemicals released into water bodies and promoting eco-friendly cleaning practices while protecting aquatic ecosystems. For instance, in 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health, over 1.7 billion individuals worldwide rely on a drinking water source tainted with fecal contamination. Furthermore, in November 2022, according to Food and Water Watch, a US-based non-government organization, it is estimated that approximately 3.5 billion people will have water shortages by 2025, mainly due to water pollution. Therefore, increasing water pollution is driving the growth of the biodegradable detergent market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/biodegradable-detergents-global-market-report
The biodegradable detergents market covered in this report is segmented -
1) By Product Type: Powder, Liquid, Gel, Pods Or Tablets
2) By Distribution Channel: Online, Supermarket Or Hypermarket, Convenience Stores, Independent Retailers, Other Distribution Channels
3) By Application: Industrial, Household
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