According to the latest report by IMARC Group, titled “Liquid Detergent Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the liquid detergent market. The report also includes competitor and regional analysis, and contemporary advances in the market. The global liquid detergent market size reached US$ 31.4 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 43.3 Billion by 2028 , exhibiting a growth rate (CAGR) of 5.6% during 2023-2028 .
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Liquid Detergent Industry Outlook:
Liquid detergent is a mixture of surfactants used to effectively clean dirt and grease. It comprises anti-soil-deposition agents, fragrances, foam regulators, optical brighteners, dyes, corrosion inhibitors, bleach, and water softeners that aid in the washing process by reducing the surface tension of water. Due to its ability to loosen and remove stains from clothes, it is considered a good personal hygiene care product. It also reduces the presence of germs that cause infectious diseases and extends the life of clothes, tableware, and furnishings. It is a cost-efficient method that is suitable for different water qualities, safe to use, and easy to rinse.
Top Companies in Liquid Detergent Industry:
- Henkel
- Procter & Gamble
- The Clorox Company
- Church & Dwight
- Unilever
Global Liquid Detergent Market Growth:
One of the key factors driving the market is the rising consciousness regarding hygiene among individuals. Coupled with the extensive product utilization across the healthcare sector on account of the increasing prevalence of infections, it is a major catalyzing factor. Along with this, the growing investments by major companies in the development of organic and environment-friendly products are gaining widespread prominence among the masses. Besides, the wide availability of liquid detergents through online and offline organized distribution channels and the advent of home delivery models are creating a positive market outlook. Other factors, such as the rising number of dry cleaning centers, innovative product packaging, and aggressive marketing strategies, are also influencing the market.
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Key Market Segmentation:
Breakup by Product Type
- Inorganic Liquid Detergent
- Organic Liquid Detergent
Breakup by End-Use
- Residential
- Commercial
Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Departmental Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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