DISHWASHING LIQUID MARKET REPORT OVERVIEW
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The global dishwashing liquid market size is expected to be USD 20.05 billion in 2022 and the market is expected to touch USD 25.77 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecasted period. The global COVID-19 pandemic was unprecedented & staggering, with dishwashing liquids experiencing higher-than-anticipated demand across all regions compared to pre-pandemic times.
Dishwashing liquid products can be found in liquid, gel, and powder compositions and are creations of a blend of surfactants, accompanied by increasing amounts of foam or lather when used to wash utensils such as cutlery, glasses, cooking utensils, cookware, plates, and bowls. The usage of dishwashing products can be found in residential and commercial sectors. Each sector has significant competition between corporations to gain a stable hold and position in the industry and dishwashing gel market.
The market's growth is predicted to increase along with the culinary industry as there prevails a heavy usage in residential and commercial kitchens that could set the tone for the significant growth of the dishwashing gel market. Furthermore, increasing sales of commercial dishwashing products, growing demand for residential dishwashing items, and the increasing innovation in skin-friendly dishwashing products are likely to fuel the sales of store-based & non-store-based dishwashing products.
COVID-19 Impact: Rising Demand for Liquid Gel Fueled Market Growth
The rising demand for dishwashing gel in households was the primary factor in fueling the need for the product, as consumers stayed indoors due to lockdowns and the pandemic. The rise in the demand for food caused the demand for liquid gel, thus affecting the dishwashing industry positively as the demand for the liquid kept increasing during the last two years. The market will continue to witness a growing trajectory in need in the post-pandemic period, as regions such as the Asia Pacific supply affordable products.
LATEST TRENDS
"Rise in Demand for Dishwashing Devices to Drive Industry Growth"
The rise in the demand for dishwashing devices will drive industry growth as it will fuel the market demand for dishwashing liquids and detergents. The rapid technological advancements in developed countries and rising disposable consumer income in these regions will lead to massive profit generation for industrial players and manufacturers globally. This can be attributed to the post-pandemic boom in product demand in the worldwide consumer market.
DISHWASHING LIQUID MARKET SEGMENTATION
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- By Type
The market is categorized into hand dishwashing gel and automatic dishwashing liquid.
- By Application
The market is subcategorized based on household and commercial.
DRIVING FACTORS
"Government Initiatives in Developing Countries to Stir Market Growth"
Various government initiatives in developing countries to create awareness about basic hygiene in the kitchen will drive the dishwashing liquid market growth, as these schemes emphasize using organic products with less concentration. The demand for dishwashing gels will thus increase in areas such as the Asia Pacific as countries such as India produces and manufacture the product in large quantities to meet the consumer demand of its vast population. Investors must remember these factors, as the region will become a hotspot for investments.
"Growing Demand for Dishwashers in the Culinary Industry to Propel Market Growth"
The demand for liquid gels will increase as the demand for automatic dishwashing machines rises in the culinary sector. The usage of automatic dishwashers in the hospitality sector and households in developed regions will significantly drive the market share of the product. Thus, the demand for dishwashing gels will see positive growth during the forecasted period. The rising disposable consumer income in the developed regions will also fuel the product demand in the industry. Thus, investors should consider these developments for investments.
RESTRAINING FACTORS
Dishwasher liquids are made from chemicals that cause health issues and impact the environment severely. The chemicals used in these products harm the skin, resulting in dryness and damaging the skin's innermost layer, impeding the demand for the product. Dishwashing liquid detergents escape from the narrow openings of the dishwasher, forming suds that harm the internal parts such as pipes, motors, and dishwasher filters. Additionally, the escalating cost of raw materials used in organic substances will act as a restraining factor for market growth.
DISHWASHING LIQUID MARKET REGIONAL INSIGHTS
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"Asia Pacific to Lead Market Share Owing to Rising Market Demand"
The Asia Pacific region will lead the dishwashing liquid market share due to the rising demand for dishwashing liquid in the area. The rise of manufacturing and industrial activities, increasing disposable consumer income, and affordable pricing due to mass production are the factors that will drive the market growth and share of the industry in the forecasted period. The increasing regional investment is also a significant factor expected to drive market growth and share.
KEY INDUSTRIAL PLAYERS
"Asia Pacific to Lead Market with Presence of Significant Players"
The report analyzes various market players in the industry, and the information is published after research, analysis of trends, key industry developments, initiatives, and technological developments and innovations. The report also includes research on companies, technical and environmental outcomes, and newly emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the dishwashing gel market. Therefore, the factors specified in the report are subject to manipulation as the dynamics and situation of the market change.
List of Market Players Profiled
- P&G (U.S.)
- Unilever (U.K.)
- Reckitt Benckiser (U.K.)
- Colgate-Palmolive (U.S.)
- Henkel (Germany)
- Kao (Japan)
- Amway (U.S.)
- Lion (Japan)
- Liby (China)
- Nice Group (Philippines)
- Lam Soon (Vietnam)
INDUSTRY DEVELOPMENT
September 2022: Proctor and Gamble launched a new product named Downy Rinse and Refresh, a deep-cleansing fabric claimed to remove odor residues from clothes. With researchers and experts endorsing the latest product, the company will see an increase in market growth and share, along with rising revenues in the industry. The demand for new, organic products by consumers is a significant factor that will drive the company's market growth further.
REPORT COVERAGE
The report examines elements that will affect the demand & supply and estimate dynamic forces for the forecasted period. After evaluating the market factors, the report provides an extensive, comprehensive SWOT analysis. The information estimates the factors specified, taken into consideration after thorough research and analysis. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the dental endodontics industry. The report lists the leading industrial players worldwide and the regions that will experience growth during the forecast period.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 20.05 Billion in 2022 |
Market Size Value By |
US$ 25.77 Billion by 2030 |
Growth Rate |
CAGR of 3.2% from 2022 to 2030 |
Forecast Period |
2022-2030 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the dishwashing liquid market expected to touch by 2028?
The global dishwashing liquid market is expected to touch USD 24.22 billion by 2028.
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What is the CAGR that the dishwashing liquid market is expected to exhibit by 2028?
The market will exhibit a CAGR of 3.2% by 2028
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What are the dishwashing liquid market's driving factors?
The market's driving factors are the rising demand for dishwashers in the culinary industry, the development of automatic dishwashers, and government initiatives undertaken in developing countries
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What are the leading companies operating in the market?
P&G, Unilever, Reckitt Benckiser, Colgate-Palmolive, Henkel, Kao, Amway, Lion, Liby, Nice Group, and Lam Soon are the leading players in the market