INDUSTRIAL LAUNDRY DETERGENT INDUSTRY INSIGHTS
The global industrial laundry detergent market size to reach revenues of USD 89.33 billion by 2026, growing at a CAGR of 7.39% during the forecast period. 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 increasing development and use of automatic washing machines and RFID tags by the laundry service providers ensure higher service quality drives the global industrial laundry detergent market growth. A significant portion of the market is untapped and uninformed about the proper use of the product. As a result, manufacturers are encouraged to expand their distribution networks in some countries to increase their market share.
- There are over 270 million employees in the travel and tourism industry, reflecting a huge requirement for washing and cleaning uniforms.
- In APAC, China and India dominated the market with 26.14% share and 19.71% of the global industrial laundry detergent market share.
- With more than a 2% contribution to Australia’s GDP, the aerospace industry is expected to generate demand for laundry services and detergent in the country.
- The e-commerce industry growth has been impressive in the US in recent years and adds to the growth of the online sales of detergents.
INDUSTRIAL LAUNDRY DETERGENT MARKET GROWTH FACTORS
- US, China, India, Germany, UK, Japan, and Spain are some key countries where laundry detergent vendors can expand their presence in the coming years.
- Regulatory standards often direct the way for growth; thereby, staying abreast with regulatory standards holds the growth opportunities for the laundry detergent manufacturers during the forecast period.
- The trend of internet penetration among consumers is boosting the demand.
- The trend of using natural and organic ingredients in the hygiene segment has been increasing in recent years, thereby surging the growth of the laundry detergent industry.
INDUSTRIAL LAUNDRY DETERGENT MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Distribution Channel
INSIGHTS BY PRODUCT
The liquid-based industrial laundry detergent market is expected to witness an incremental growth of USD 8.81 billion by 2026.
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 increasing awareness about the quality and comfort of the clothing and other textiles propels the demand for fabric softeners. In addition, the preference for fully automatic washing machines over semi-automated items is anticipated to drive the demand for softeners.
INSIGHTS BY APPLICATION
In 2020, the global laundry detergent market by hospitals was valued at USD 19.99 billion.
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.
INSIGHTS BY DISTRIBUTION CHANNEL
Offline channels are the most significant distribution channel accounting for almost 60% of sales 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.
INSIGHTS BY GEOGRAPHY
China and India are the dominating markets in the APAC region.
APAC can be viewed as one of the largest potential markets for industrial laundry detergent vendors due to the vibrant economic situation of countries in this region. The rapid increase of urbanization in developing countries of the APAC region is expected to bolster demand for food & beverage products manufacturing and hospital provisions. As a result, this will drive the demand for industrial laundry detergent during the forecast period. As a result, players are expected to increase their presence and grab growth opportunities in the APAC region.
AGAR is offering its products through its warehouses and from a huge network of cleaning product distributors.
P&G, Reckitt Benckiser, Unilever, and Lion Corporation are some of the leading vendors in the global industrial laundry detergent market. Arizton 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.
The industrial laundry detergent market research report includes in-depth coverage of industry analysis with revenue and forecast insights for the following:
- Fabric Softener
- Manufacturing Industries
- Other Applications
- Distribution Channel
- South Korea
- Rest Of APAC
- North America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Latin America
- Rest Of Latin America