In 2021, the fabric care industry is expected to be worth US$ 107 billion. It is expected to expand at a 5.9% compound annual growth rate (CAGR) until 2027. Fabric detergents are the most popular, accounting for about half of the market. Asia Pacific excluding Japan (APEJ) will grow at a 6.9% compound annual growth rate (CAGR). The fabric detergent market, among all of these fabric care products, is predicted to develop at a substantial CAGR in the global fabric care market over the forecast period. This area of the fabric care market is predicted to rise due to the increased use of liquid detergents for cleaning reasons.
Rapidly increasing e-commerce penetration, coupled with the introduction of new product variants, is driving the global fabric care market
In the worldwide fabric care product market, the increasing adoption of e-commerce for selling consumer products has resulted in a spike in the expansion of B2C firms in the FMCG sector. Consumer behavior has evolved dramatically over the years, and they are now more inclined to conduct product research online as well as purchase various products, such as fabric care and cleaning care products, through e-commerce.
- According to the E-commerce Foundation, over 49.8 million individuals in the UK use the Internet in 2015, with 71 percent using a smartphone. Furthermore, 43.5 million people in the United Kingdom shop online.
The fabric care detergents segment is primarily driven by increasing usage of liquid fabric care detergents formulated with stain-fighting actives to remove ground-in dirt and stains
Fabric detergents, fabric softeners/enhancers, stain removers/bleach, and other fabric care products are the product types that make up the worldwide fabric care market. The fabric detergents category is anticipated to have the biggest value share in the fabric care market out of all of these product types.
During the projected period, this category is expected to maintain its dominance in the global fabric care market. The fabric detergents sector of the global fabric care market is predicted to account for 48.7% of market value in 2018 and grow at a CAGR of 6.1 percent over the forecast period.
Reckitt Benckiser Group PLC, S.C. Johnson & Son Inc., Golrang Industrial Group, Alicorp S.A.A., RSPL Limited, LG Household & Health Care Ltd., Wings Corporation, Lion Corporation, Procter & Gamble Co., Guangzhou Liby Enterprise Group Co., Ltd., Whealthfields Lohmann Guangzhou Ltd., Fabrica de Jabon La Corona; SA de CV, Unilever PLC, Church
