Albany, NY -- (SBWIRE) -- 12/12/2018 -- Laundry detergent market is expected a significant growth during the forecast period owing to the rising demand from different industries such as hotel, textile industry, restaurant, hospital and others is fueling the growth of laundry detergent market globally. In addition, increasing consciousness of e-commerce is booming the growth of this market. E-commerce offers several benefits such as variety of products offering, different option, easy delivery and time saving among others.
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Manufacturers reach out to a wider customer base through the online distribution channel which further is resulting to growth of the laundry detergent market. Furthermore, many manufacturers are focused on developing green laundry products, which offer biodegradable components such as coconut oil, natural washing soda, mineral based surfactants, and plant based enzymes. Owing to this factor the market of laundry detergent is expected a significant growth during the forecast period 2017 to 2025. Some of the major market players are started offering green laundry detergent such as Unilever (OMO Green), Henkel (Persil Bio), P&G (Gain Flings) and others.
Owing to low energy consumption, minimizing the need of hot water for washes the demand of green laundry detergent is increasing. This factor is boosting the growth of laundry detergent market and anticipated a significant growth during the forecast period. However, increasing availability of counterfeit products initially sold by established brands with the rising prices is effecting the market growth and this factor has become a restraint of laundry detergents market. Although product innovation and the use of good quality of ingredient is expected to offer new opportunity for the market. Moreover, growing participation of local manufacturers is also fueling the market of laundry detergent and is expected a steady growth during the forecast period. The multinational firms take the bigger pie in the market share.
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The market is segmented into four categories by component, by application, by distribution channel and by region. The market of laundry detergent is segmented by component into builders, bleach, enzymes and others. In terms of application the global laundry detergent market is segmented into residential and industrial. The global of laundry detergent market is segmented by distribution channel into online distribution channel and offline distribution channel. Offline distribution channel for laundry detergent market is further segmented by departmental stores, convenient stores, hyper market and super market, retail stores and other.