Global Home and Laundry Care Market

Home And Laundry Care Market Size, Share, Growth Analysis, By Type(Laundry Care, Household Cleaners), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30K2016 | Region: Global | Published Date: July, 2024
Pages: 198 | Tables: 61 | Figures: 83

Home And Laundry Care Market Dynamics

Home and Laundry Care Market Driver

Growing Awareness About Cleanliness

  • One of the key forces behind the home and laundry care industry is the desire for cleanliness. The need for clean, fresh homes and clothing fuels the market for cleaning supplies and services. The demand for cleanliness is one of the primary forces behind the growth of the home and laundry care industries. The need for clean, fresh homes and clothing fuels the market for cleaning supplies and services.

Need to Maintain Hygienic Environment in Homes

  • The COVID-19 pandemic has boosted awareness of the value of cleanliness and hygiene, which has further increased demand for laundry and home care products that help stop the transmission of germs and viruses.

Rapid Rate of Urbanization

  • There is an increasing need for goods and services that can help manage and clean smaller living spaces as more people move into urban regions.

Home and Laundry Care Market Restraints

Environment-related Issues

  • Consumers are paying closer attention to how their household products affect the environment as sustainability and waste reduction become increasingly important. This has increased consumer demand for natural and eco-friendly goods, which could restrain the expansion of conventional home and laundry care companies that don't place a high priority on sustainability.

Competition in Home and Laundry Care Sector

  • Many well-known brands are striving for market share in the fiercely competitive home and laundry care sector. This means that new entrants may find it challenging to establish a presence in the market, especially if they are unable to set themselves apart from other companies.
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Home and Laundry Care Market size was valued at USD 188.65 Billion in 2022 and is poised to grow from USD 201.29 Billion in 2023 to USD 338.17 Billion by 2031, at a CAGR of 6.70% during the forecast period (2024-2031).

With the objective of sufficing to the rising demand and requirements, major businesses are putting their efforts into R&D and launching novel products, such as sustainable and eco-friendly ones. In order to improve production capacity, businesses also invest in new manufacturing facilities. In addition, they partner with local, small-scale producers to broaden their geographic reach and customer base. Some prominent players in the Home and Laundry Care market include: 'Procter and Gamble (US)', 'BASF SE (Germany)', 'Unilever (Netherlands)', 'Bayer AG (Germany)', '3M Company (US)', 'Henkel AG & Co. KGaA (Pril) (Germany)', 'DuPont de Nemours, Inc. (US)', 'Reckitt Benckiser (UK)', 'Colgate-Palmolive Company (US)', 'Kao Corporation (Japan)', 'C. Johnson & Son, Inc. (US)', 'Newell Brands (US)', 'The Clorox Company (US)', 'Syngenta AG (Switzerland)', 'Caleres Inc. (US)', 'Spectrum Brands Holdings, Inc. (US)', 'Bombril (Brazil)', 'Payless ShoeSource (US)', 'Implus LLC (US)', 'Charles Clinkard (UK)', 'Grangers International (UK)', 'Salamander: (Germany)', 'Dropps (US)', 'Voluspa (US)', 'Blueland (US)', 'Griffin Shoe Care (US)', 'Seda France, Inc. (US)', 'Acer Group (Taiwan)'

One of the key forces behind the home and laundry care industry is the desire for cleanliness. The need for clean, fresh homes and clothing fuels the market for cleaning supplies and services. The demand for cleanliness is one of the primary forces behind the growth of the home and laundry care industries. The need for clean, fresh homes and clothing fuels the market for cleaning supplies and services.

As consumer knowledge of environmental sustainability grows, they are looking for more environmentally friendly home and laundry care solutions. The market for eco-friendly goods is expanding as a result of this trend.

The market for home and laundry care is dominated by the North American region, which includes the United States and Canada. The main factors driving this market are the rising demand for environmentally friendly and sustainable goods and the rising standard of cleanliness. The market for home and laundry care in this area is expanding as a result of the rising use of smart and innovative goods as well as the use of e-commerce platforms.

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Global Home and Laundry Care Market

Report ID: SQMIG30K2016

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