December 1, 2021 04:45 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, December 1, 2021 (GLOBE NEWSWIRE) - According to Fortune Business Insight™, the liquid laundry detergent market is expected to grow from USD 22.24 billion in 2021 to USD 32.99 billion in 2028, a compound annual growth rate Is 5.8% during the forecast period. The increasing demand for effective and convenient washing solutions is expected to drive market progress. Fortune Business Insights™ mentions this information in its report entitled "Liquid Detergent Market 2021-2028".
Liquid laundry detergent is a detergent made from liquid instead of powder. It is composed of surfactants and other ingredients to enhance the cleaning effect of fabrics. They are an extremely convenient choice to eliminate hair loss and color fading. It can reduce washing time and effectively remove dirt on clothes. These types of detergents consist of a mixture of nonionic and anionic surfactants. Liquid detergents can play a good role in cold water, dry water and hot water, reducing the workload of washing clothes and improving consumer experience. In addition, the ever-changing consumer experience and growing demand for effective laundry solutions are expected to drive market development in the next few years.
Companies that exist in the liquid laundry detergent market. They are as follows:
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According to the application, the market is divided into households, industries and institutions. Divided by region, it is divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
The report provides a detailed analysis of the top market segments and the latest trends in the market. It comprehensively discussed the driving and restraining factors of COVID-19 and its impact on the market. In addition, it examines regional development and strategies adopted by major market players.
Strong demand for fully automatic washing machines drives market progress
The increasing awareness of the benefits of washing machines is expected to drive demand for consumer convenience products and electrical appliances. Adding these detergents can improve washing quality and remove dust and other impurities in clothes. It5 improves consumer convenience and improves time management. Liquid laundry detergent eliminates the problems related to fiber retention and color loss. The addition of liquid detergent can improve the smoothness and provide an excellent washing experience in cold and hot water. It is easy to clean and eliminate fiber formation and powder residue. These factors may promote the growth of the liquid laundry detergent market.
However, the harmful effects of the product on the environment are likely to hinder the progress of the market.
Mature real estate will boost the growth of the North American market
North America is expected to occupy the main market, with a value of 6.94 billion U.S. dollars in 2020. The adoption of healthy lifestyles, the rapid development of home care facilities, and mature real estate are expected to drive the sales of liquid laundry detergents. These factors may promote market development.
Due to the increase in industrial investment in the industrial sector, significant growth is expected in the Asia-Pacific region. In addition, the increasing demand for high-efficiency household products is expected to drive the sales of liquid detergents. In addition, the surge in middle-class population, household income and rapid urbanization is expected to drive demand for liquid detergents. These factors may promote market growth.
In Europe, growing household demand for liquid laundry detergent may drive sales of this product. In addition, the growing demand for liquid bio-detergents and higher lifestyle expenditures have promoted the progress of the industry.
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Well-known companies release sanitary products to enhance brand image
Well-known companies operating in the market release hygiene products to enhance their brand image. For example, a German company called Henkel launched sanitary products for the COVID-19 pandemic in May 2020. In addition, the combination of R&D strategies enables the company to improve product quality and meet consumer needs. In addition, major manufacturers focus on developing advanced production machinery to improve product quality, reduce labor costs, increase productivity, increase operational efficiency, and achieve organizational goals.
Qualitative insight-the impact of COVID-19 on the global laundry detergent market
2017-2028 Global Laundry Liquid Market Analysis, Insight and Forecast
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Detergent chemicals market size, share and COVID-19 impact analysis, by product type (surfactants, additives and fillers, enzymes, fragrances, etc.), by application (solid detergent and liquid detergent), by end user ( Households and industries and institutions), and regional forecasts, 2021-2028
Commercial laundry market size, share and industry analysis, by product type (washing machines and dryers, dry cleaners, commercial laundries, other), by application (hospitals, hotels and restaurants, laundries, other), by distribution channels (large Stores and supermarkets), retail stores, online stores, others) and regional forecasts for 2021-2028
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