The global laundry detergent market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The growing demand for laundry detergents has been observed in the commercial sector, significantly, owing to the rise in the small business sectors such as restaurants, salons, clinics, laundry services, and others who use clothes during their working hours. Moreover, post-COVID-19 pandemic, several such businesses have increased their concern towards sanitizing the shops, to provide improved safety, and healthier environment for the workers. Owing to such causes the businesses are deploying washing machines, or hiring a person for cleaning clothes, which has directly will bolster the use of laundary detergents.
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Additionally, such small businesses have been thriving across the globe as youngsters have been showing more interest in businesses over jobs which has been hard to get and perform in the recent competitive years. Such initiatives have also got a lot of support from some governments. For instance, in November 2021, as per data from the MSME Ministry, India has approximately 63 million MSMEs. the Udyam Registration portal (URP) registered more than 5.7 million MSMEs, replacing the former process of filing for a Udyog Aadhaar Memorandum (UAM). Registered micro-enterprises stood at more than 5.4 million (94.34%), followed by small enterprises at more than 0.29 million (5.09%) and midsized enterprises at over 32 thousand (0.57%).
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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
Global Laundry Detergent Market Report Segment
By Product Type
- Powder
- Liquid
- Gel
- Pods/Tablets
By Application
- Home
- Commercial
By Distribution Channel
- Online
- Offline
Global Laundry Detergent Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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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