The Laundry Care Market is being driven by Product innovation and portfolio extension
The Laundry Care Market is expected to grow at a CAGR of 3.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 23.3 billion. The laundry care market is facing growing concerns regarding the environmental impact of conventional products. Consumers are becoming more conscious of the ecological issues caused by laundry care solutions, particularly their role in water pollution. Chemical-based laundry care products not only pose risks to the environment but also negatively affect consumers' skin and degrade the texture and quality of garments over time. In response, consumer goods marketers are advocating for eco-friendly initiatives, urging companies to produce and promote green laundry care products. These sustainable offerings primarily consist of organic ingredients derived from natural sources, avoiding synthetic additives, chemicals, artificial preservatives, and other harmful substances that can adversely affect human health.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
241 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.9% |
Market growth 2025-2029 |
USD 23.3 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.7 |
Key countries |
US, China, Japan, India, Germany, South Korea, UK, Brazil, France, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The laundry care market encompasses a range of home cleaning products, with laundry detergents being a significant segment. Fragrance is a key consideration, as is the growing demand for eco-friendly goods. Personal hygiene and fabric softeners are also important. Plant-based ingredients, such as liquid detergent and capsules, are gaining popularity. E-commerce platforms are driving sales, fueled by rapid urbanization and infrastructural developments. Consumer concerns for healthier lives are influencing market trends towards sustainable and effective fabric care solutions.
The global household products market encompasses non-durable items, such as laundry detergents, home cleaning solutions, diapers, and tissue and paper products. Market expansion will be fueled by several key factors. Primarily, the surge in online sales is driving growth, particularly in emerging economies. Over the past five years, e-commerce platforms have experienced substantial expansion and are projected to continue growing. These platforms offer numerous advantages, including convenience, seamless payment processing, discounts, and a vast selection of offerings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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