Laundry Beads Market, Growth, Size, Share, and Industry Analysis, By Type (Non-Bio and Bio Laundry Beads), By Application (Household, Commercial), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Laundry Beads Market REPORT OVERVIEW

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The global laundry beads market size is expected to be USD 4307 million in 2022. As per our market research, the market is expected to touch USD 7703.33 million by 2031, exhibiting a CAGR of 6.7% during the forecasted period.

The global COVID-19 pandemic was unprecedented & staggering, with laundry beads experiencing higher-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels post the pandemic. The market is expected to rapidly increase the supply, production, and the need for laundry products during the forecast period.

The increasing customer awareness about maintaining hygiene and health has driven the consumption of essential cleaning products such as liquid and powdered detergents and excellent laundry scent products such as beads and boosters. With the rise in the need to keep individual belongings and surroundings clean and tidy, especially with the onset of the pandemic, the demand for eco-friendly laundry scent boosters propelled massively during the last two years.

Consumers' changing lifestyles have made them adapt to different ways of cleaning their belongings. Wide-ranging products have been introduced to the global market to enhance the quality and freshness of clothes and items such as laundry beads. These beads with active ingredients, soap bars with the new smart-foam technology, and bottle laundry boosters are some of the advancements that have been made in the industry, which will drive the market growth and share of the product.

COVID-19 Impact: Need for Laundry Products Spurred Market Growth and Demand

The requirement for premium laundry products such as laundry beads during the pandemic massively spurred product demand in the industry, leading to profits and revenues for investors and manufacturers globally. The product's market growth was driven by people who stayed at home and required sanitization of clothes more frequently than the pre-pandemic levels. Thus, consumers demanded the production of the product be increased, which was a significant factor in driving the product's market share.

LATEST TRENDS

"Production of Organic-Free Beads to Propel Market Share"

Leading industrial players and manufacturers are gradually shifting their focus towards producing chemical-free and organic products by using organic sources of raw materials to provide consumers with natural laundry scent beads. This development will address the growing concerns of health-conscious consumers who avoid using products that are harmful to nature and the environment. Thus, a change in manufacturing and production is expected to result in an upsurge in product demand over the forecast period, leading to profits and revenues for investors.

Laundry Beads Market SEGMENTATION

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• By Type

The market is subcategorized into types and consists of non-bio and bio laundry beads.

• By Application

The market is subcategorized based on other applications in household and commercial.

DRIVING FACTORS

"Cleanliness and Health Concerns to Boost Market Growth"

In the age of viruses, there have been growing concerns about sustainability and cleanliness in the minds of consumers. To tackle this issue of preventing the spread of germs and viruses, wide-ranging varieties of cleaning laundry scent boosters, beads, and powders have emerged in the global market, as they add a pleasant smell to the clothes. Thus, laundry scent boosters for woolen fabrics and laundry scent crystals have shown a massive rise in demand, which will drive the laundry beads market growth.

"Rising Production Demand Post-Pandemic to Drive Market Share"

In modern times, consumers are more centric on work post the pandemic and are reluctant to devote their time to cleaning and washing clothes. Due to this, the sales of washing machines and dryers are experiencing a massive production demand. Hence, a subsequent increase in the need for detergents, laundry beads, and boosters for tubs in developed regions such as North America and Europe. This will drive the product's market share and growth immensely.

RESTRAINING FACTORS

"Lack of Awareness in Developing Countries to Impede Market Growth"

The lack of consumer awareness in developing countries such as the Asia Pacific region and Africa will impede the market growth and share of the product, leading to significant revenue losses for investors and manufacturers. Laundry beads are premium products primarily used in developed regions and countries. The lack of production and supply demand in the area and the effects of the pandemic are the major factors restraining the industry's product market growth and share. Thus, investors should consider these factors before investing in the region.

Laundry Beads Market REGIONAL INSIGHTS

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"North America to Lead Market Share Owing to Increased Production Demand"

The North American region will lead the laundry beads market share owing to the increased production demand in the area. This development is due to the rising need for the product in developed countries of the continent, such as the U.S, which will primarily drive the product's market growth and share in the region. This will lead to massive profits and revenues for investors globally, thus further causing the market share of the industry and the product.

KEY INDUSTRIAL PLAYERS

"Market Growth to Increase Owing to Booming Product Demand"

The report analyzes various leading 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 outcomes, and newly emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the laundry industry. Therefore, the factors specified in the report are subject to manipulation as the dynamics and situation of the market change. North America will lead the market share, with the U.S. leading the production and supply chain.

List of Market Players Profiled

• Procter & Gamble (U.S.)
• Henkel (U.S.)
• Unilever (U.K.)
• Church & Dwight (U.S.)
• Clorox (U.S.)
• Colgate-Palmolive (U.S.)

INDUSTRY DEVELOPMENT

October 2022: Saperatac's prototype, a developer for recycling processes, has been produced in collaboration with two leading industrial players: Germany-based Wentus– whose flexible packaging design allows for flexible recyclability – and U.S.-based functional coatings provider Henkel, which supplies the package's recycled adhesives. This development comes after Henkel made a significant investment in Saperatec in 2019, strengthening the company partnership. The prototype consists of new technology, i.e., an extended mechanical recycling process for thin-layered composite materials.

REPORT COVERAGE

The report examines elements that will affect the demand & supply and estimate dynamic forces for the forecasted period. After thoroughly evaluating the market and industry factors, the report provides an extensive, comprehensive SWOT and PEST analysis. The information estimates all the factors mentioned, 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 laundry and detergent beads industry. The report lists the worldwide leading industrial players and the regions that will experience growth during the forecast period.