What is the global market size of Home And Laundry Care Market?

Home and Laundry Care Market size was valued at USD 176.8 Billion in 2021 and is poised to grow from USD 188.65 Billion in 2022 to USD 316.93 Billion by 2030, at a CAGR of 6.70% during the forecast period (2023-2030).

Home And Laundry Care Market Size, Share, Growth Analysis, By Type(Laundry Care, Household Cleaners), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031

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

Home And Laundry Care Market News

In October 2022, Downy, a Procter & Gamble brand, introduced Downy Rinse & Refresh, a revolutionary deep-cleaning fabric rinse. Its goal is to help eradicate odor-causing residues 3X more effectively than detergent on its own. With 1 in 3 houses naming malodor as their top laundry issue, Downy created the perfect supplement to consumers' laundry routines to help solve malodor problems in the first wash, every time.
Unilever introduced a sustainable laundry capsule in July 2022. This kind of detergent offers superior cleaning performance and aids in the decarbonization of the washing process.

Home And Laundry Care Market Report Snapshots

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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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Home And Laundry Care Market Size, Share, Growth Analysis, By Type(Laundry Care, Household Cleaners), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031

Home And Laundry Care Market News

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