Laundry Cleaning Product Market Expected to Witness Rapid Expansion by the End of 2022

Posted on 2018-06-07 by Mark Hub in Industrial, Retail // 0 Comments

ROCKVILLE, US, 2018-Jun-07 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Laundry Cleaning Product Market. The study is titled as “Laundry Cleaning Product Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Laundry Cleaning Product Market.

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Increasing need to offer and maintain clean and hygienic amenities has led to an upsurge in demand for laundry cleaning products in the textile and hospitality industry. Expanding e-commerce platforms will impact growth of the global market of laundry cleaning products positively. According to a recently published report, the global market of laundry cleaning products will register a relatively slow CAGR growth over the forecast period, 2017–2022.

Market Dynamics

Surging need to maintain hygiene and cleanliness in the healthcare and residential industries has revved up demand for laundry cleaning products significantly. Laundry cleaning products represent considerable demand among textile manufacturers to preserve the quality of products, and stop deterioration of textiles. Such factors are likely to impact the global market growth of laundry cleaning products positively through 2022. Hotels will witness considerable growth in demand for laundry cleaning products in order to offer clean pillow covers, towels, bed sheets, and carpets. Increasing need to offer cleanliness and hygienic amenities in the hospitality industry is likely to impact growth of the global market of laundry cleaning products throughout 2022.

Apart from textile and hospitality, the automotive industry will contribute towards the global market growth of laundry cleaning products by 2022 – end. Increasing need to clean the leather automotive seats to avoid bacteria and fungi has further fueled demand for laundry cleaning products in the automotive industry. Such factors are likely to contribute towards the global market growth of laundry cleaning products throughout 2022.

Textile Industry to Contribute Towards Market Growth

Unprotected fabric subject to fungi and bacteria can shorten the shelf life of fibers and yarns used for manufacturing textile. Fungi and bacteria growth can lead to discoloration, decay, odor and deterioration in the textile products. Bound to such factors, laundry cleaning products witness a significant demand in the textile industry.

Considerable Demand in the Automotive Industry

Attributed to magnesium and calcium builders, the laundry cleaning products also witness considerable demand among automotive manufacturers. In order to prevent fungi or bacteria in the automotive leather seats, manufacturers prefer using laundry cleaning products in the automotive industry. Considerable demand for laundry cleaning products in the automotive industry is expected to impact growth of the global laundry cleaning products market positively during the projected period.

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E-Commerce to Register Significant Growth in the Global Market

Detergents among laundry cleaning products is predicted to witness the highest growth in terms of revenue in 2017. Europe is expected to remain the largest market for detergents and conditioner laundry cleaning products in the global market. Detergent laundry cleaning products will represent a value of more than US$ 10,000 Mn by 2022 – end.

Liquid & gel product forms will outsell powder and bar product forms in Europe market. Europe will represent the largest market for liquid & gel product form globally. However, APEJ will register the highest CAGR growth for liquid & gel product form throughout 2022. Powder laundry cleaning products among other forms will represent the highest growth in terms of revenue globally by 2022–end.

E-commerce among other sales channel will register the highest CAGR growth in the global laundry cleaning products market. Laundry cleaning product will witness a significant growth in terms of sales through e-commerce platforms in Latin America. In terms of revenue, grocery stores is expected to represent the highest revenue growth in Europe by 2022–end. Other retail formats will register the highest CAGR growth among other sales channel in APEJ through 2022.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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