Laundry Gel Ball Market Report Overview
- Request a Free sample to learn more about this report
global laundry gel ball market size was USD 4307 million in 2022 and market is projected to touch 7703.32 Million By 2031, exhibiting a CAGR of 6.7% during the forecast period.
The upsurge in disposable income of customers has generated an increase in demand for laundry uses across both developed and developing markets. Additionally, the easy accessibility of these products at modest prices is also contributing to their rising demand. Ecological concerns about the distribution of detergent waste have been a major restraint on the market. Harmful detergent deposit pollutes the environment and poses a major threat to marine life. The upsurge in manufacturing costs is also a major concern as it affects the prices of finalized goods. In reply to these hindrances, manufacturers have working on various schemes to reduce manufacturing costs, such as altering product preparations, enhancing logistics, and using advanced tool to increase effectiveness and reduce labour costs. Many people are now willing to pay more for biodegradable and improved washing products. Online purchasing has also created opportunities for the market. This has increased revenue and consumer base. The expansion of the commercial and industrial laundry sectors is a further growing factor for the market. With the increased attention on safety and hygiene, people are becoming more hesitant about testing new items, which decreases product innovation and development. The rising disposable income, rapid development, and growing use of washing machine at homes are the factors that seems to provide profitable growth opportunities to the market players. The gel sector is anticipated to grow expressively during the forecast period as gels offer comfort of storage, effective cleaning, and convenience. It also offers cost efficiency due to its method because it has very less probabilities of leftovers as gel form prevents overdoing. Easy accessibility of favourite brands and types of laundry gel ball drives the growth of the offline sector. Online sale of laundry detergent is also gaining reputation among consumers.
COVID-19 Impact: Pandemic hampered the market due to unexpected disruption in the sector
COVID 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. People have become more sterile after the pandemic, which has improved laundry detergent consumption. Due to lockdowns demand has enlarged as people spend more time at home. The pandemic has had a main influence on laundry gel ball supply. Transporting raw materials and finished goods has become challenging due to worldwide closures. The shortage of workers and business closures have hindered detergent output. Lockdowns have forced several businesses to temporarily close, dropping business volume this affected the cost of detergents has also had a big impact on laundry gel ball market share. Market has faced many issues due to strict regulations imposed by government to control the spread of virus.
Latest Trends
"Use of innovative products to boost the market growth "
Companies are aiming on presenting innovative products with enhanced features such as stain removal abilities that can supply to various needs of customers across different industries which will further drive this market's growth over the forecast period. This has led to manufacturers introducing new variants such as silent ball, liquid laundry gel ball, and softball-like balls. Prominent brands are widely aiming on their over-all social existence.
Laundry Gel Ball Market Segmentation
- Request a Free sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into box type, bag type
Box type capture the maximum market shares through forecast period.
- By Application Analysis
According to application, the market can be segmented household, commercial
The market players cover segment as household will dominate the market share during forecast period.
Driving Factors
"Rise in use of convenience products to increase the market growth"
Increasing demand for convenience products as people are now more inclined to use laundry gel ball to keep their clothes clean and fresh due to rise of urbanization, which has increased individual’s awareness and importance of keeping personal hygiene and a clean environment. These products are easy to use and do not involve any special skills or knowledge. This makes them perfect for busy individuals who want to save time and struggle. Customers are looking for environmental and healthy substitutes to regular washing powders or liquids without negotiating on cleaning quality.
"Rising awareness about environmental benefit to boost the market."
Due to increasing demand for laundry gel balls from households the growing awareness about the ecological benefits of using gel balls and their convenience are some of the factors driving this market. Laundry gel balls offer a more workable option as compared to traditional detergents which often contain harmful chemicals that can damage the environment over time. As a result of customers growing liking for environmental friendly and organic detergents over their chemical the competitive market can experience direct result of these development.
Restraining Factors
"High cost of production to hamper the market growth"
Raw materials and manufacturing costs are essential components of the production of laundry detergent. Rise in production cost has a negative effect impact on profit margin also affects the prices of finalized goods. Manufacturers meet the challenge of increasing raw material costs which has an adverse impact on the turnover and also on laundry gel ball market growth.
Laundry Gel Ball Market Regional Insights
- Request a Free sample to learn more about this report
"North America to dominate the region due to increasing demand"
North America is further expected to witness a hold of exponential laundry gel ball market share. The growth in this region can be attributed to the increasing demand for eco-friendly products and rising awareness about their benefits among consumers. Moreover, technological advancements in terms of product design and functionality are also propelling the growth of this market.
Key Industry Players
"Key players focus on partnerships to gain competitive advantage."
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- Ariel (P and G) (Belgium)
- La Mama (Australia)
- Liby (China)
- OMO (Germany)
- Downy (U.S.)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4307 Million in 2022 |
Market Size Value By |
US$ 7703.32 Million by 2031 |
Growth Rate |
CAGR of 6.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the laundry gel ball market expected to touch by 2031?
Laundry gel ball market is expected to touch 7703.32 Million By 2031.
-
What CAGR is the laundry gel ball market expected to exhibit during 2024-2031?
Laundry gel ball market is expected to exhibit CAGR of 6.7% during 2024-2031.
-
What are the driving factors of the Market?
Increasing demand for convenience products as people are now more inclined to use laundry gel ball to keep their clothes clean and fresh due to rise of urbanization, which has increased individual’s awareness and importance of keeping personal hygiene and a clean environment.
-
Which are the key players or most dominating companies functioning in the market?
The dominating companies in the market are Ariel (P and G), Bold, La Mama, Liby, OMO, Downy, and Lonkey