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.
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
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Product Type
By Application
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Church & Dwight Co., Inc., Clorox, Hindustan Unilever Ltd., Procter & Gamble GmbH, Reckitt Benckiser group, and others.
Laundry Detergent Market Report Segment
By Product Type
Powder
Liquid
Gel
Pods/Tablets
By Application
Home
Commercial
By Distribution Channel
Online
Offline
A full Report of Laundry Detergent Market is Available @ https://www.omrglobal.com/industry-reports/laundry-detergent-market
Laundry Detergent Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Amway Corp.
BASF SE
CLARIANT
Colgate-Palmolive Co.
Croda International Plc
DuPont de Nemours, Inc.
Falcon Detergents Industry
Henkel AG & Co. KGaA
Kao group
NIRMA LTD.
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