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Soap And Other Detergents Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Soap And Other Detergents Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021
  • 175 pages
  • ID: 6072026
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the soap and other detergents market are Procter & Gamble, Ecolab Inc, Unilever plc, Henkel AG & Co KGaA, Church & Dwight Co. Inc, Colgate-Palmolive Company, Dial, Reckitt Benckiser Group plc, The Clorox Company and Lion Corp.

The global soap and other detergents market is expected to grow from $92.56 billion in 2020 to $95.28 billion in 2021 at a compound annual growth rate (CAGR) of 2.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.65 billion in 2025 at a CAGR of 3%.

The soap and other detergents market consists of sales of soap and other detergents and related services for removing dirt from human skin, textiles and other solid surfaces.Soap and detergents are chemical compounds refers to surface active agents in general.

These products are made from animal fats or vegetable oil and are used to clean a solid surface. Surface-active agents are categorized in four groups: anionic detergents, cationic detergents, nonionicnon-ionic detergents and ampholytic.

The introduction of innovative new products is a key factor leading to growth of the soap and other detergent industry.Manufacturers continue to focus on innovative product development to meet the unmet needs of their customers.

Companies are launching anti-allergy soaps and natural ingredients containing detergents that are widely adopted. For instance, in 2019, Unilever, a British-Dutch consumer goods company launched new liquid detergent product under the brand Hindustan Unilever (HUL), ’Love Home and Planet’, which is HUL’s fifth fabric wash brand, thereby is driving the demand for the soap and other detergents market globally.

Soap and other detergent providers globally faced uncertain regulatory environment in the historic period.There are certain regulations governing at reducing the release of toxic chemical substances into the atmosphere during the manufacturing process of soaps and detergents.

For instance, according to the US code of federal regulations (40 CFR), regarding the safety of the environment (part 417) comply with manufacturers of soap and detergent, which thereby restraints the soap and other detergents market.

The soap and other detergents market covered in this report is segmented by type into laundry detergent, soap, dishwashing detergent, toothpaste, others. It is also segmented by end use into body, clothing, others.

With increasing water scarcity worldwide, soap and other detergent manufacturers are working continuously on creating opportunities for water-efficient laundry products.These water-efficient laundry products, require less water for rinsing as these concentrated detergents contains chemicals with less water dependent laundry ingredients.

Furthermore, these products also cut down packaging and transportation cost for the manufacturers.In August 2019, Hindustan Unilever (HUL) launched an ongoing premiumization strategy in the laundry category with the brand ’Love & Care’.

The new brand is produced for washing premium fabrics like silk, fine cotton, and others. Thereby, are driving the market of soap and other detergents in the forecast period.

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