2025 Jun 9, 14:38
Laundry And Dishwashing Detergent Market Expected to Reach USD 18.78 Billion by 2023 NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The Laundry And Dishwashing Detergent Market size is projected to witness significant growth, with a CAGR of 5.64% during the forecast period. The hospitality sector's expansion is a key driver for the market, although volatility in raw material prices may hinder growth. The market is segmented by Product, Distribution Channel, and Geography
Technavio's comprehensive report provides insights on the market size, forecast, and research methodology, including dishwasher soap, clean dishwasher detergent, clean dish soap, dishwasher gel, dish liquid, washing soda for laundry, dish soap detergent, and detergent in dishwasher for household washing. The increase in disposable income is expected to drive growth in the offline segment. Laundry and dishwashing detergents are widely available in offline avenues such as specialty stores, hypermarkets, supermarkets, convenience stores, and clubhouse outlets. Retail stores are favored by customers for their wide range of product choices and diverse brand selections. These outlets also offer bulk purchases at reduced prices, attracting cost-conscious consumers
The market's expansion in this segment is fueled by factors like increased disposable income, robust consumer purchasing power, and growing demand for environmentally friendly laundry care products. North America is projected to contribute significantly to the global market growth, with the United States leading the way. Favorable policies and regulations promoting natural surfactants, along with consumer preferences shifting towards natural and organic products, drive market growth in the region. Increased expenditure on healthcare services has also boosted the demand for laundry and dishwashing detergents in the healthcare industry. The North American market is expected to grow from 2023 to 2028. Household cleaning products play a crucial role in maintaining a spotless living space
Washing soda for laundry helps preserve fabric quality while effectively removing tough stains. Dishwasher soap, clean dishwasher detergent, dishwasher gel, dish liquid, and clean dish soap ensure sparkling clean utensils and a pristine dishwashing experience. Selecting the right dish soap detergent or detergent in the dishwasher guarantees optimal cleanliness and hygiene in household washing tasks. The laundry and dishwashing detergent market is fragmented, with companies employing organic and inorganic growth strategies to compete. The report provides insights on several market companies, including Bombril SA, Church and Dwight Co
Inc., Colgate Palmolive Co., Devansh Chem, DeVere Company Inc, Dharam Chand Ladha Mal, Formula Corp., Godrej Consumer Products Ltd., Henkel AG and Co. KGaA, Kao Corp., McBride Plc, One Home Brands Inc., People Against Dirty Holdings Ltd., The Procter and Gamble Co., Reckitt Benckiser Group Plc, RSPL Ltd., S.C. Johnson and Son Inc., Saraya Co. Ltd., The Clorox Co., and Unilever PLC. Technavio is a leading global technology research and advisory company, providing actionable insights to help businesses identify market opportunities and develop effective strategies
With a vast report library and a client base consisting of enterprises of all sizes, Technavio offers comprehensive coverage, extensive research, and actionable market insights to its clients. For more information, please contact: Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/