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Dry Laundry Detergents Market to Receive overwhelming hike in Revenues by 2021
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The global market for dry laundry detergent is expected to witness moderate growth on account stronger demand from key market such as hotels, restaurants and hospitals stimulating revenue growth. In addition, higher disposable income and improving employment rates in emerging countries such as China and India are also expected to spur demand for dry laundry products.
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Factors such as continuing trend towards business-casual clothing coupled with the postrecession bounce and employment gains, which are further prompting greater overall demand for professional clothing cleaning is expected to boost the demand for dry laundry detergents. However, increasing environmental regulations regarding the use of commonly used solvent in dry laundry such asperchloroethylene (perc), is expected to slow the growth of the market.
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Increasing R&D activities towards developing innovative and safe detergents is anticipated to provide new opportunities for the growth of the market. North America was the largest consumer for dry laundry detergents, followed by Europe. However, Asia Pacific is expected to witness significant growth over the forecast period owing to growing implementation of inexpensive dry cleaning and launder services such as household dryers and washer, and home-use dry cleaning kits.
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