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%).
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Church & Dwight Co., Inc., Clorox, Hindustan Unilever Ltd., Procter & Gamble GmbH, Reckitt Benckiser group, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Laundry Detergent Market Report Segment
By Product Type
By Application
By Distribution Channel
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
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