Eco Friendly Laundry Detergent Market REPORT OVERVIEW
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The global eco friendly laundry detergent market size was worth USD 39899.41 million in 2021 and market is projected to touch USD 61020.7 million by 2031, at a CAGR of 4.34% from 2021 to 2031.
Eco friendly laundry detergents refer to those detergents which are completely free from synthetic fragrances. Most of these detergents are usually made without the usage of any scent. Some of them are made up using natural essential oil which will provide the fragrancr to the detergent.
Growing awareness about hygiene and cleanliness among people has inf;uenced the to buy product s like sanitizers, and laundry detergents. This is considered as the latest trend in the market.
Detergents are avialble in several forms like liquid, powder, gel, and even pods. Organic detergents have the property of easily dissolving in the water and are not harsh on the clothes. All these factors are generating a robust growth in the eco friendly laundry detergent market share.
COVID-19 impact: Increasing Preference for Cleanliness During Pandemic Increased Market Growth
The pandemic of COVID-19 resulted in many problems for all the industries across the world. Reduction in the demand for the products automatically led to the reduction of demand. Disruption in supply chain and logistics was also one major reason for the downfall of all the markets.
However, during the pandemic due to rising health concerns people increased their preference towards cleanliness. This increased the sales of products like sanitizers, cleansers, soaps, and laundry detergents. Increased precautions taken by people to maintain hygiene led to the eco ftiendly laundry detergent market growth during pandemic.
LATEST TRENDS
"Growing Usage of Automatic Washing Machines to Increase Market Growth"
Due to urbanization, and increasing disposable income of people the usge of automtic washing machines have increased. In the busy schedule of people they find it very helpful to use automatic washing machines. While using a washing machine having a laundry detergent is a must.
This has increased the demand for laundry detergents in the market. Another development that can be witnessed among people is their rising awareness about hygiene post the pandemic period. Using laundry detergents will help in removing all the small dirt particles and will help in ensuring cleanliness. These factors have promoted the growth of the market.
Eco Friendly Laundry Detergent Market SEGMENTATION
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- By Type:
The market can be divided on the basis of type into the following segments:
Liquid, powder, and, tablet. Liquid segment is anticipated to dominate the market during the forecast period.
- By Application:
Classification based on application into the following segment:
Household, and, commercial. The household segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Innovative Product Launches and Variety of Products Available to Accelerate Market Growth"
Branding and packaging palys a very crucial role in promoting a product to the customers. This stragey is increasingly being used by key industry players and manufacturers to attrct customers. Several innovative product launches have been observed in the eco friendly detergent market.
Several forms of these detergents are available. They are available as powder, gel, and even pods. The customers can choose them according to their preference and requirement. They also contribute in cleaning the clothes with very less effort. The main advantage of using eco friendly detergents is that they so not contain any kind of chemicals or synthetic fragrances as they are made up of essential oils. All of these factors have accelerated the market growth.
"Customer Preference Towards Organic Detergents to Propel Market Growth "
In today’s world organic products are gaining more demand as they are known to be free from harful chemicals that can have a negative effect on our health. Using chemically induced detergents can cause rashes, and infections. Hence customers are changing their preference towards eco friendly laundry detergents.
Organic detergents have the property of easily dissolving in the water. They also facilitate in maintaining the quality of the clothes without damaging their texture. They are composed of natural ingredients and are considered to be effective agents of cleaning. Eco friendly detregents are very soft on cloths and therefore take very minimal amount of water to clean the clothes.
RESTRAINING FACTOR
"Lack of Genunity in Products to Decrease Market Growth"
Recently several products in the market have been found to be ungenuine. Several products claim to have properties that tey will never exhibit. Similarly several eco friendly laundry detergents that claim to be made with natural ingredients are made upof chemicals that can effect human health. The lack of genunity in this product can cause confusion maong the consumer hampering the market growth.
Most of these detergents can be non-biodegradable. As a result they can cause pollution leading to several environmental concerns. Most of the branded detergents are costly only because of their brand value and packaging. All of these factor can bring down the eco friendly laundry detergent market growth.
Eco Friendly Laundry Detergent Market Regional Insights
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"Asia Pacific to Dominate Market Share in The Upcoming Years"
Asia Pacific is dominating the global market during the forecast period as it occupies nearly one-fourth of the market share. The main reasons that has been responsible for the growth of market in Asia Pacific is the huge population present in this area and the numerous hosueholds.
Both China, and India the first and the second largest populated countries in the world respectively are present in Asia Pacific. Rapid penetration of automatic washing machines has also helped in the growth of the market. Increasing preference of people towards organic detergents and urbanization in Asia Pacific is proepelling the market growth.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Ecover (Belgium)
- Eco Nuts (U.S.)
- Unilever (U.K.)
- Mrs. Meyer’s (U.S.)
- Henkel (Germany)
- Frosch (U.S.)
- Puracy (U.S.)
- P & G (U.S.)
- Ecos (Japan)
- Biokleen (U.S.)
- Green Shield (U.S.)
- AlmaWin (U.S.)
- Grab Green (U.S)
- NaturOli (U.S.)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 39899.41 Million in 2021 |
Market Size Value By |
US$ 61020.7 Million by 2031 |
Growth Rate |
CAGR of 4.34% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the eco friendly laundry detergent market expected to touch by 2031?
The eco friendly laundry detergent market is projected and estimated to touch USD 61020.7 million by 2031.
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What CAGR is the eco friendly laundry detergent market expected to exhibit by 2031?
The eco friendly laundry detergent market is expected to exhibit a CAGR of 4.34% by 2031.
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Which are the driving factors of the eco friendly laundry detergent
market?
Detergents are avialble in several forms like liquid, powder, gel, and even pods. Organic detergents have the property of easily dissolving in the water and are not harsh on the clothes.
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Which are the top companies operating in the eco friendly laundry detergent market?
Ecover, Eco Nuts, and, Unilever are the top companies operating in the eco friendly laundry detergent market.