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 Insights

Home And Laundry Care Market size was valued at USD 201.29 Billion in 2023 and is poised to grow from USD 214.78 Billion in 2024 to USD 360.83 Billion by 2032, growing at a CAGR of 6.70% during the forecast period (2025-2032).

Growing public awareness of the importance of laundry and household hygiene has been a primary driver of industry expansion. Additionally, it is anticipated that the easy accessibility of laundry and domestic cleansers as well as the availability of variations such as various fragrances in the market will fuel market expansion.

Due to growing disposable income and increasing initiatives by manufacturers to introduce organic cleaning products, the global home and laundry care market is anticipated to witness rapid expansion in the upcoming years. The online sales distribution channel is anticipated to be crucial in positively influencing market expansion.

It is also anticipated that the dissemination of COVID-19 would increase consumer awareness of the importance of maintaining good personal hygiene and clean home, which will propel the market's expansion.

The demand for household and laundry care goods increased as a result of significant infrastructure investments brought on by rising disposable income and growing urbanization. Also, more possibilities for key industry players are anticipated to arise from the rising demand for environmentally friendly and sustainable laundry and household cleaning products, which is predicted to significantly fuel this market's expansion throughout the course of the forecast year.

Increasing environmental worries about the hazardous chemicals included in cleaning products, together with rising health and hygiene awareness, are expected to be important market drivers throughout the course of the forecast period. Many industry actors are making significant efforts to launch eco-friendly cleaning products in order to meet the expanding customer demand.

The introduction of COVID-19 had a huge influence on the world economy, and major market participants had to deal with serious issues like decreased product demand, halted transit, and supply chain disruption. The World Health Organization (WHO) mandated the use of household disinfection methods in response to the pandemic to reduce the danger of virus contamination. Home care items like household cleansers, detergents, and room disinfectants saw a surge in demand as a result of this. For instance, according to data from Stepan Company's annual report, sales of floor surfactants in North America increased by 8% in 2020 compared to the prior years. The business added that the increase in sales volume was mostly fueled by consumers' strong demand for cleaning, disinfection, and personal wash products.

US Home and Laundry Care Market is poised to grow at a sustainable CAGR for the next forecast year.

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Home And Laundry Care Market size was valued at USD 201.29 Billion in 2023 and is poised to grow from USD 214.78 Billion in 2024 to USD 360.83 Billion by 2032, growing at a CAGR of 6.70% during the forecast period (2025-2032).

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 global 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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