Fabric Care Is Fastest Growing Segment Fueling The Growth Of Fabric Wash And Care Product Market



https://www.coherentmarketinsights.com/market-insight/ethanol-derivatives-market-5997
Fabric Wash And Care Product Market




Fabric wash and care products are used for cleaning and maintaining fabrics like clothes, curtains, towels and upholstery. These products remove dirt, grime, stains and impart softness, freshness and care to fabrics. With changing lifestyles, development of multipurpose fabric wash formulas and innovations in fabric care products continue to drive market growth.

The global Fabric Wash and Care Product Market is estimated to be valued at US$ 114.0 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends driving the fabric wash and care market is the growing demand for eco-friendly, natural and sustainable products. Consumers are increasingly preferring products with natural ingredients that are biodegradable and free from harsh chemicals for a healthier lifestyle and to reduce environmental impact. Manufacturers are responding to this demand by launching products with plant-based ingredients, recycled packaging and emphasizing on sustainable sourcing and Production. This shift towards eco-friendly products is expected to continue in the coming years.

Segment Analysis

The global fabric wash and care product market is segmented into laundry detergents, fabric softeners/conditioners, bleaches, and other products. The laundry detergents segment accounts for the major share in the market and it is expected to continue its dominance over the forecast period. This is due to the segment's wide applications in various fabrics including cotton, linen, wool, synthetic, and blended fabrics for effective cleaning. Fabric softeners/conditioners segment holds the second position in the market owing to its ability to reduce static cling and impart fresh fragrance to clothes after washing.

Key Takeaways

The global fabric wash and care product market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing demand for eco-friendly and sustainable products.

Regional analysis
Asia Pacific dominates the global market and is expected to continue its dominance over the forecast period. China is the major country contributing to the growth of the APAC fabric wash and care product market. North America is expected to witness steady growth due to stable demand from the United States.

Key players
Key players operating in the Fabric Wash And Care Product Market Size are Wings Corporation, Lion Corporation, and Procter & Gamble Co. Wings Corporation is one of the leading companies in Japan offering an extensive range of fabric care products. Lion Corporation holds a leading position in Asia owing to its strong brand portfolio and vast distribution network across the region. Procter & Gamble Co is a global giant in home and personal care products with significant market share in North America and Western Europe.

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