Laundry Detergent Market-to boost the market growth| Market Outlook Report 2019-2026 | DataM Intelligence
Laundry Detergent Market is expected to grow at a CAGR of 3.9% during the forecast period 2019-2026.
(EMAILWIRE.COM, November 08, 2019 ) Market Outlook:-
The market is segmented by product type into Powder detergents, Liquid detergents, Fabric softeners, Detergent tablets, and others.
Powder segment is expected to dominate the market especially in developing economies such as China, India, Brazil, and others. Powder detergents accounted for the largest market share of Laundry Detergent market due to consumer preference for economical products. Also, in rural areas, people prefer powder-based products over other products.
Market Dynamics:-
Liquid products segment is expected to grow during forecast period along with powder detergents due to several factors such as increasing usage of liquid products in North America and Europe. Liquid detergent is more used compared to powder detergent because it is much more comfortable, and convenient for consumers.
On the other hand, the Fabric softeners market had a downward trend in the past few years. Companies like Procter & Gamble are innovating new methods to grow its sales.
Due to the rising demand for fragrant and natural laundry care products, the market for fabric softeners is growing. The detergent tablets segment is declining due to the preference for liquid products and powder products over detergent tablets by consumers.
Market Segmentation:-
By Application, the market is segmented into Household and Industrial or Institutional.
The household segment is expected to dominate laundry detergent market due to rising penetration of washing machines in developing economies and a large number of vendors planning to expand their footprint by establishing manufacturing facilities in emerging economies having massive potential regarding revenue.
Industrial segment is a significant segment due to increasing industrial detergents in different industries like paper & rubber, textiles, hospitals, railways, household, and others as cleaning agents. Also, growing tourism is leading to increasing demand for new hotels construction.
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Geographical Trends:-
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
The Asia Pacific is expected to dominate the global laundry detergent market due to growing competition between major regional brands. For instance, Unilever and Procter & Gamble detergent markets are declining in India because of the already established regional brands like Nirma and Rohit Surfactants.
Competitive Landscape:-
Some of the Key Players are Unilever, Henkel AG & Co. KGaA, Church & Dwight Co., Inc., Procter & Gamble, Lion Corporation, Kao Corporation and Method products, pbc.
View full report sample and pricing@ https://www.datamintelligence.com/research-report/laundry-detergent-market
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About Us:
DataM Intelligence was established on an elemental idea of publishing Advanced Market Research Reports with precise data points & utmost accuracy that will accelerate the decision-making in designing disruptive solutions. We monitor and analyze the market by dissecting various parameters such as market influencers, competitive intensity, innovations, trends, and emerging products.
For more information:
Sai Kiran
Sales Manager
Website: www.datamintelligence.com
The market is segmented by product type into Powder detergents, Liquid detergents, Fabric softeners, Detergent tablets, and others.
Powder segment is expected to dominate the market especially in developing economies such as China, India, Brazil, and others. Powder detergents accounted for the largest market share of Laundry Detergent market due to consumer preference for economical products. Also, in rural areas, people prefer powder-based products over other products.
Market Dynamics:-
Liquid products segment is expected to grow during forecast period along with powder detergents due to several factors such as increasing usage of liquid products in North America and Europe. Liquid detergent is more used compared to powder detergent because it is much more comfortable, and convenient for consumers.
On the other hand, the Fabric softeners market had a downward trend in the past few years. Companies like Procter & Gamble are innovating new methods to grow its sales.
Due to the rising demand for fragrant and natural laundry care products, the market for fabric softeners is growing. The detergent tablets segment is declining due to the preference for liquid products and powder products over detergent tablets by consumers.
Market Segmentation:-
By Application, the market is segmented into Household and Industrial or Institutional.
The household segment is expected to dominate laundry detergent market due to rising penetration of washing machines in developing economies and a large number of vendors planning to expand their footprint by establishing manufacturing facilities in emerging economies having massive potential regarding revenue.
Industrial segment is a significant segment due to increasing industrial detergents in different industries like paper & rubber, textiles, hospitals, railways, household, and others as cleaning agents. Also, growing tourism is leading to increasing demand for new hotels construction.
Download free report sample @ https://www.datamintelligence.com/download-sample/laundry-detergent-market
Geographical Trends:-
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
The Asia Pacific is expected to dominate the global laundry detergent market due to growing competition between major regional brands. For instance, Unilever and Procter & Gamble detergent markets are declining in India because of the already established regional brands like Nirma and Rohit Surfactants.
Competitive Landscape:-
Some of the Key Players are Unilever, Henkel AG & Co. KGaA, Church & Dwight Co., Inc., Procter & Gamble, Lion Corporation, Kao Corporation and Method products, pbc.
View full report sample and pricing@ https://www.datamintelligence.com/research-report/laundry-detergent-market
For any enquiry about the report@
About Us:
DataM Intelligence was established on an elemental idea of publishing Advanced Market Research Reports with precise data points & utmost accuracy that will accelerate the decision-making in designing disruptive solutions. We monitor and analyze the market by dissecting various parameters such as market influencers, competitive intensity, innovations, trends, and emerging products.
For more information:
Sai Kiran
Sales Manager
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results