- Laundry detergent
- Fabric softener
B2B Laundry Care Market size valued USD 47,724.1 million in 2021 and is poised to grow with a CAGR of 5.4% from 2023-2029. In almost every household, laundry is a daily and never-ending chore. Outsourcing has a lot of potential to make customers' lives easier. This laundry market includes both B2B and B2C divisions, with B2C accounting for 87 percent of the total. Laundry operations such as cleaning and pressing garments are included in the B2C market, whether done at home or with the support of a laundry service provider (unorganized or organized). The B2B market, on the other hand, comprises laundry activities including ironing and washing bed towels and sheets, which are performed in-house or through outsourcing to a laundry service provider by enterprises in fields including hospitality and healthcare (unorganized or organized). The B2B Laundry Care Market expansion can be attributed to rising consumer awareness of basic hygiene and increased demand for natural home care products. The COVID-19 epidemic had little influence on the laundry care sector. Even during FQ-2020, sales of laundry care products increased as customers became more conscious of illness and the hazardous implications of unsanitary clothing as a result of the pandemic. Additionally, as consumer knowledge has grown, sales of organic and biodegradable cleansers and synthetic detergents have increased. Because synthetic laundry detergents contain dangerous chemicals that are hazardous to the environment and the skin, the market for organic laundry detergents has risen rapidly. Furthermore, producers were forced to develop plant-based laundry care products due to strict limits imposed on the use of certain chemicals. Surfactants including phosphates, strong bleach, and alkyl were banned in 2017 by the International Association for Soaps, Detergents, and Maintenance Products (AISE). On the other hand, local manufacturers making laundry care items also including detergent powder and cakes are also a big issue for the laundry care sector. These goods are affordable and easily accessible at every grocery store on any street.
Fastest Growing Market
Laundry Detergent accounted for larger revenue share in global B2B laundry care market with a CAGR of 4.9% and is expected to grow over the forecast. The growth for this segment is due to increase in household expenditure, growth in the real estate sector owing to increase in residential units has enlarged the demand for laundry detergent products across the globe. The growing significance of healthier lifestyles with rising concerns among individuals about health and hygienic living, free of germs, bacteria, dust, and dirt has led to rise in per capita spending on household cleaning products including laundry detergents.
The b2b laundry care market size valued USD 47,724.1 million in 2021
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The b2b laundry care market key players are Church & Dwight Co. Inc., Colgate Palmolive Co., The Dial Corporation, Godrej Consumer Products Ltd., Henkel AG & Co. KGaA