Jan 13, 2024   SOURCE: BusinessWire

Global Soaps and Detergents Strategic Business Report 2023: Market to Reach $263.9 Billion by 2030 - Evergreen Importance of Soaps & Detergents in Daily Hygiene Provides the Foundation for Growth - ResearchAndMarkets.com

The "Soaps and Detergents - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Soaps and Detergents Market to Reach $263.9 Billion by 2030

The global market for Soaps and Detergents estimated at US$160.4 Billion in the year 2022, is projected to reach a revised size of US$263.9 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030. Household Detergents, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$128.3 Billion by the end of the analysis period. Growth in the Industrial Soaps & Detergents segment is estimated at 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $46.2 Billion, While China is Forecast to Grow at 9.7% CAGR

The Soaps and Detergents market in the U.S. is estimated at US$46.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$49.4 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$36.3 Billion by the year 2030.

Select Competitors

What's New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report Attribute Details
No. of Pages 398
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $160.4 Billion
Forecasted Market Value (USD) by 2030 $263.9 Billion
Compound Annual Growth Rate 6.4%
Regions Covered Global

MARKET OVERVIEW

  • Evergreen Importance of Soaps & Detergents in Daily Hygiene Provides the Foundation for Growth in the Market
  • Global Economic Update
  • Competition
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E)
  • Recent Market Activity
  • Innovations

MARKET TRENDS & DRIVERS

  • From Pandemic Practice to Lifelong Habit, the Rise of Hand Hygiene Drives Demand for Hand Wash Liquids
  • Robust Demand for Commercial Laundry Services Drives Demand for Soaps & Detergents
  • Spurred On by Rising Healthcare Burden, Hospitals Emerge into the Fastest Growing End-Use Market for Soaps & Detergents
  • Clean Homes Are Happy Homes. Here's Why & How it Impacts Demand for Household Soaps & Detergents
  • Focus on Productivity, Safety & Enhancement of Resource Efficiency Drives Industrial Adoption of Soaps and Detergents
  • Robust Outlook for the Hospitality Industry Bodes Well for the Soaps & Detergents Market
  • Rising Sales of Washing Machines to Benefit Demand for Liquid Detergents
  • Focus on Sustainability Brings Eco-Friendly Soaps & Detergents Into the Spotlight
  • Enzymes Detergents Steal the Spotlight
  • Continuous Innovations Remain Crucial to Growth

FOCUS ON SELECT PLAYERS (Total 97 Featured)

  • Amway
  • Betco Corporation
  • Church & Dwight Co. Inc.
  • Colgate-Palmolive Company
  • Den-Mat Holdings
  • Dial
  • Ecolab Inc.
  • Ecover
  • FROSCH
  • Henkel AG & Co KGaA
  • James Austin Company
  • Johnson & Johnson
  • Kutol Products Company
  • Lion Corp.
  • Nafine Chemical Industry Group Co. Ltd.
  • Nice Group
  • Oralabs
  • Piedmont Chemical Industries
  • Procter & Gamble
  • Reckitt Benckiser Group plc
  • Rose Raining
  • Sheffield Pharmaceuticals
  • State Industrial Products Corporation
  • The Clorox Company
  • The Original Bradford Soap Works
  • The Sun Products Corporation
  • Unilever plc
  • US Chemical
  • Zep Inc.

For more information about this report visit https://www.researchandmarkets.com/r/pqyuzx

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