According to Goldstein Research, global laundry care market is expected to reach USD 117.0 billion by 2024 from USD 75.5 billion in 2017, growing at a CAGR of 5.6% over the forecast period 2016-2024. The growth of washing machine market and the personal disposable income of the people are driving the growth of the global laundry care market. Global [URL=https://www.goldsteinresearch.com/report/laundry-care-market-global-industry-analysis]laundry care market[/URL]segmentation has been done on the basis of the type of product, a form of product, ingredient type, distribution channel and geography. Laundry detergents segment acquires the largest market share and it is expected to continue its dominance. Over the forecast period, the fabric softeners market share is expected to closely follow detergents segment. Global laundry care market is largely dominated by Asia-Pacific region with 26.9% market share. North America closely follows APAC market share backed by the presence of major players of the market in North America region.
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Market Segmentation
On the basis of our in-depth analysis, Global Laundry Care Market can be segmented as follows:
By Types of Products
o Detergents
o Fabric Softeners
o Detergents for colors
o Bleach
o Fabric Whiteners
By Form of the Product
o Cake/Bar
o Powder
o Liquid
By Ingredient Type
o Synthetic Ingredients
o Organic Ingredients
By Distribution Channel
o Online distribution channel
o Offline distribution channel
By Region
o North America
o Europe
o Middle East and Africa
o Latin America
o Asia Pacific
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“Global Laundry Care Market Outlook 2024” contains a detailed overview of the global laundry care market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, a form of the product, ingredient type and distribution channel.
Further, for the in-depth analysis, Global Laundry Care Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Procter & Gamble Co., Unilever PLC, Colgate-Palmolive Company, etc.
Overall, the report represents the global laundry care market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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