Soap and Detergent Market Size Worth USD 108.1 Billion by 2025 | CAGR: 3.2%
Published Date : July 2019 | Report Code: AV342 | Report Format: PDF
The soap and detergent market is expected to grow at CAGR of 3.2% to reach USD 108.1 billion by 2025.
Soaps and detergents play an essential role in our day to day lives. For example, detergents are an effective cleaning chemical because it contains one or more surfactants. Because of their chemical makeup, the surfactants used in detergents can be engineered to perform well under various conditions. The rising demand for consumer goods and consumable products is foretold to stimulate the growth of the worldwide soap and detergent market. Emerging economies are prognosticated to offer opportunities to increase revenue in the overall market. This could encourage vendors to build manufacturing plants in emerging economies such as China and India. The industry growth is also driven by the rising use of washing machines which will boost the demand for soap and detergent market. Development of the textile industry is also anticipated to bolster the global market. Other factors such as new product introduction, increasing number of key players and rising disposable income are foreseen to bode well for the worldwide market.
The report digs deep into critical aspects of the global soap and detergent market while providing a thorough qualitative and quantitative analysis. In addition, the analysis includes a comprehensive evaluation of the market drivers, restraints, and opportunities, competitive landscape, regulatory, key issues, and industry trends.
- Strong growth of the textile industry, especially in developed regions, is anticipated to boost the demand for soap and detergent products
- In terms of products, the market is categorized into industrial soaps and detergents, household detergents, household soaps and others
- Household detergents are accounting for a significant revenue share of the global market owing to their rising demand among end-users and rising penetration of powder and liquid detergents
- Regionally, North America, Latin America, Europe and Asia Pacific are studied in detail based on qualitative and quantitative aspects
- North America captured a substantial share of the global soap and detergent industry in terms of revenue share. Canada and the U.S. having a large textile manufacturing facilities which will support the industry growth.
- Key players such as Unilever, Ecolab, Procter & Gamble, Church & Dwight Company, Colgate-Palmolive Company, Henkel AG, Lion Corp., Reckitt Benckiser Group PLC, The Clorox Company, and Amway are profiled
- Large multinational players are forecast to take command of the global soap and detergent market
- Companies are prophesied to adopt strategic collaboration, product innovation, and merger and acquisition as key growth strategies. Global companies are foreseen to face a tough competition against local players, especially in developing countries.
KEY BENEFITS OF THE REPORT
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Industrial Soaps and Detergents
- Household Soaps
- Household Detergents
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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