Press release
Fabric Care Global Market Anticipated to Attain $143.74 Billion at a CAGR of 6.6% By 2028, at 4.2% CAGR | Latest Trends and Growth Opportunities
Fabric Care Global Market
According to The Business Research Company's, The fabric care market size has grown strongly in recent years. It will grow from $104.59 billion in 2023 to $111.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to a rise in population, growing purchase of premium products, rise in disposable income of consumers, improvement in living standards, increasing adoption of e-commerce, and increasing use of clothing.
The fabric care market size is expected to see strong growth in the next few years. It will grow to $143.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing demand for environment-friendly and sustainable laundry care products, growing awareness of using quality detergent, increased health and hygiene concerns, increasing consumer awareness, and rising consumer lifestyles. Major trends in the forecast period include smart fabric care solutions, sustainable packaging innovations, the development of fabric care products, the invention of washing machines, the introduction of detergents, and innovations such as automatic washing machines, dryers, and fabric softeners.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/fabric-care-global-market-report
Market Drivers and Trends:
An increase in lifestyle improvements is expected to propel the growth of the fabric care market going forward. Improvement in lifestyle refers to making positive changes in various aspects of one's life to enhance overall well-being. The increase in lifestyle improvements may be attributed to various factors, including health awareness, education, and societal shifts. Fabric care is essential for maintaining cleanliness, hygiene, confidence, comfort, and the longevity of clothing, all of which contribute to an improved lifestyle. For instance, in July 2023, according to the Office for National Statistics (ONS), a UK-based independent producer of official statistics, approximately 91.0% of women and 81.7% of men indicated they had implemented some or significant lifestyle adjustments. Those between 16 and 24 years old showed a rate of 77.2% in making lifestyle modifications, while individuals aged 50 to 64 years demonstrated the highest percentage at 90.7%. Therefore, an increase in lifestyle improvements is driving the growth of the fabric care market.
Major companies operating in the fabric care market are focused on developing innovative products, such as odor removers, to address consumer demands for effective and convenient solutions. Odor removers refer to products that maintain fabric care by effectively eliminating unpleasant smells without compromising fabric quality. For instance, in September 2022, Procter & Gamble, a US-based consumer goods corporation, launched Rinse & Refresh, a fabric rinse solution crafted to effectively eliminate odor-causing residues and hard water metal buildup embedded in fibers. It serves as a laundry detergent enhancer and aids in eliminating residues and odors, resulting in fabrics that are noticeably fresher, softer, and brighter. This formula is devoid of dyes and strong perfumes, ensuring it is gentle on sensitive skin and ideal for laundering baby clothes.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15172&type=smp
Major Key Players of the Market:
Godrej Consumer Products Ltd., The Procter & Gamble Company, Unilever Group, Henkel AG & Co. KGaA, Colgate-Palmolive, Reckitt Benckiser Group PLC, S. C. Johnson & Son Inc., Kao Corporation, Wipro Enterprises Limited, Amway India Enterprises Pvt. Ltd., Huntsman International, The Clorox Company, LG Household & Health Care Ltd., Alicorp S.A.A., Lion Corporation, Dabur India Limited, Guangzhou Blue Moon Industry Co. Ltd., CHT Germany GmbH, Jyothy Laboratories Limited, Golrang Industrial Group, The National Detergent Company SAOG, Team Thai Ltd, RSPL Group Pvt. Ltd, Wings Corporation, Scott's Liquid Gold Inc, Guangzhou Liby Group Co. Ltd, Whealth fields Lohmann Guangzhou Ltd., Nice Group Co. Ltd.
Fabric Care Market 2024 Key Insights:
• The fabric care market size is expected to see strong growth in the next few years. It will grow to $143.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Increase In The Improvement In Lifestyle In Fabric Care
• Advancements In Fabric Care Introducing Effective Odor Removers
• Asia-Pacific was the largest region in the fabric care market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15172&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fabric Care Global Market Anticipated to Attain $143.74 Billion at a CAGR of 6.6% By 2028, at 4.2% CAGR | Latest Trends and Growth Opportunities here
News-ID: 3697630 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Fabric
The Difference Between Rib fabric and Jersey fabric
When it comes to choosing fabrics for clothing, the options can be overwhelming. Two popular choices are rib fabric and jersey fabric, each with its own unique characteristics and uses.
Jersey fabric is a type of weft knitted fabric known for its elasticity in both the warp and weft directions. This fabric has a smooth surface, a naturally clean texture, and a soft, fine feel. It is comfortable to wear and…
Fabric Testing and Fabric Testers
CHINA, HEFEI (February 27, 2024)-Based on the material classification, the textile testing laboratory's testing items are separated into three categories: fiber, yarn, and fabric testing. We will present pertinent fabric testing information based on the various fabric qualities in the content that follows.https://fyitester.com/textile-testing-equipments/fabric-garment/
The fabric solid degrees
The most common mechanical damage to textiles during usage is tensile fracture, tearing, bursting, and abrasion.
Tensile performance testing
The fabric's mechanical deformation law when it is…
Coated Fabric Market Global Coated Fabric Market, Coated Fabric Market, Coated F …
Global Coated Fabric Market Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of…
Fabric detergents
Market Overview
With the global economic recovery, more people look at the increasing environmental factors, especially underdeveloped regions that have a wide range of people, and fast economic growth, the need will increase. The industry is a high-technology and high-profit-based industry, the research team maintains a very positive outlook. New teams are welcomed to enter the market world. The fabric detergents industry is influenced by the economic guidelines, so…
Global Textile and Fabric Finishing and Fabric Coating Mills Market | Textile an …
The textile and fabric finishing and fabric coatings market consists of sales of textile and fabric finishings and fabric coatings by entities (organizations, sole traders and partnerships) that operate mills that produce textile and fabric finishings or fabric coatings.
According to the report analysis, ‘Textile and Fabric Finishing and Fabric Coating Mills Global Market Report 2020-30: Covid 19 Impact and Recovery’ states that the worldwide textile and fabric finishing and fabric…
Global Denim Fabric Market: Analysis, Technologies, Forecasts and Types: Light D …
Denim Fabric Market Report:
Summary: Excellence consistency maintains by Garner Insights in Research Report in which studies the global Denim Fabric market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.
The report on Global Denim Fabric Market studies the historical data and evaluates the current market scenario so as to project the flight of the market during the next couple of years. This study has been…
