Worldwide Industrial Laundry Detergent Industry to 2026 - by Product, Application, Distribution Channel and Geography
DUBLIN, Aug. 18, 2021 /PRNewswire/ -- The "Industrial Laundry Detergent Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global industrial laundry detergent market is expected to grow at a CAGR of 7.39% during 2021-2026.
The rising hospitality and healthcare sector are leading the consumption of industrial laundry detergent. APAC held the largest detergent market share in 2020, followed by Europe and North America. Since the last few decades, industrial detergent has become a widely used product throughout the globe due to rising industrial and commercial sectors. For instance, the US invests a lot in its healthcare system and offers vast growth opportunities for the vendors in the industry.
The following factors are likely to contribute to the growth of the industrial laundry detergent market during the forecast period:
- Increasing Penetration of Internet
- Long Term Growth in Travel and Tourism Industry
- Rising Shift Towards Natural & Sustainable Products
- Increasing Demand for Liquid Laundry Detergent from Emerging Economies
The report considers the present scenario of the industrial laundry detergent market and its market dynamics for the period 2021-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
The global industrial laundry detergent market research report includes a detailed segmentation by product, application, distribution channel, geography. North American and European regions are dominating the industrial liquid laundry detergent market. With the improvement of the industrial and commercial sectors in emerging countries, liquid laundry detergents will likely expand at a CAGR of over 7% by 2026. In the coming years, concentrated liquid laundry detergents demand is expected to increase globally.
The rise of healthcare spending is expected to increase the number of hospitals, which will boost the demand for industrial laundry detergent. The hospital relies heavily on a dependable laundry service. In addition, the rising health awareness among people, growing HAIs, and the significant surge in COVID-19 cases in some parts of the world are expected to accelerate the demand for laundry detergent globally.
The key players in the US and the UK primarily sell their finished products either in B2B or brick and mortar stores, directly through distributors, through their websites, or through other online channels to smoothen the distribution channels. The distribution through retail stores is substantially generating revenue opportunities for various vendors across the market. Therefore, the vendors need to maintain good relations with the retailers to grow ahead of their competitors. Supermarkets and hypermarkets are store options where vendors can sell their products and boost their sales through better relations (offers, gifts, and product promotions) with such retailers.
P&G, Reckitt Benckiser, Unilever, and Lion Corporation are some of the leading vendors in the global industrial laundry detergent market. The publisher believes international players would grow inorganically by acquiring regional or local players in the future. Many foreign players are expected to expand their presence worldwide, especially to gain more market share in the fast-developing countries in APAC and Latin America during the forecast period. Players must develop new technologies and remain well-informed on upcoming technologies to gain a competitive advantage over other vendors. Product customization may prove an effective way to enhance the consumer base and increase market share.
KEY QUESTIONS ANSWERED:
1. How big is the laundry detergent industry?
2. What is the growth rate of the Industrial laundry detergents market?
3. Which application segment accounts for the largest industrial laundry detergent market share?
4. Which region has the largest share in Detergents Market?
5. Who are the key players in the industrial laundry detergent market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Developed and Developing Economies Outlook
7.3 Raw Material Insights
7.4 Value Chain Analysis
7.5 Industry Q&A
8 Market Opportunities & Trends
8.1 Increasing Demand for Liquid Laundry Detergents from Emerging Economies
8.2 Transition to Natural & Sustainable Products
9 Market Growth Enablers
9.1 Increasing Penetration of Internet
9.2 Long-Term Growth in Travel and Tourism Industry
10 Market Restraints
10.1 Slow Economic Growth in 2020
10.2 Trade Restrictions Due to Political Turmoil
10.3 Volatility in Oil & Gas Industry
11 Market Landscape
11.1 Market Overview
11.2 Key Insights
11.3 Demand Insights
11.4 Vendor Analysis
11.5 Product Differentiation
11.6 Market Size & Forecast
11.7 Product
11.8 Distribution
11.9 Application
11.10 Five Forces Analysis
12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Powder Laundry Detergent
12.4 Liquid Laundry Detergent
12.5 Fabric Softener
12.6 Other Detergents
13 Application
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Hospitality
13.4 Hospitals
13.5 Manufacturing
13.6 Others
14 Distribution Channel
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Offline
14.4 Online
15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16 APAC
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Distribution
16.4 Product
16.5 Application
16.6 Key Countries
17 North America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Product
17.4 Distribution
17.5 Application
17.6 Key Countries
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Product
18.4 Distribution
18.5 Application
18.6 Key Countries
19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product
19.4 Distribution
19.5 Application
19.6 Key Countries
20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product
20.4 Distribution
20.5 Application
20.6 Key Countries
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 Accurate Chemical Acquisitions
22.2 Agar
22.3 Ashland
22.4 BASF
22.5 Croda International
22.6 Deluxe Chemcials
22.7 Devere Company
22.8 JLA
22.9 Kao Corporation
22.10 Procter & Gamble (P&G)
22.11 Solvay
22.12 Stepan Company
22.13 The Clorox Company
22.14 Unilever
23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendations
24 Quantitative Summary
24.1 Market by Geography
24.2 Market by Product
24.3 Market by Distribution
24.4 Market by Application
24.5 APAC
24.6 Europe
24.7 North America
24.8 Middle East & Africa
24.9 Latin America
25 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/m2nx1r
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