Laundry Detergent Pods Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global laundry detergent pods market size is expected to
reach USD 12.37 billion by 2025, according to a new report by Grand View
Research, Inc. It is anticipated to expand at a CAGR of 4.6% during the
forecast period. Increasing awareness about the benefits of laundry detergent
pods such as excellent fabric protection and longevity along with excellent
cleaning is anticipated to fuel the product demand. The composition of product
is strong enough to remove stains and dirt but not harsh enough to the fabric.
Biological
products generated a revenue of more than USD 3 billion in 2018. Rising
concerns over adverse effects associated with synthetic detergents as they
contain chemicals including phosphates which are considered non-biodegradable,
is expected to promote the scope of application for biological capsules. Over
the past few years, increasing emphasis is being given to reducing the
greenhouse emissions in manufacturing sector on a global level as a result of
implementation of environmental regulations by the regulatory bodies including
the U.S. Environment Protection Agency (EPA). The environmental concerns are
also expected to force the detergent manufacturers to use biological
ingredients for their laundry detergent pods.
In March
2019, Unilever under its brand line Homey launched washing tablet available in
recycled and recyclable packaging. The reasonably priced product is
eco-friendly and can help reduce the pollution caused by the microfibers
present in conventional products. In March 2019, Smol launched Super
Concentrated Liquid Capsules. These products are claimed to be 100% vegan and
are fragranced with essential oil.
Household
application accounted for a leading market share of more than 60% in 2018 and
is expected to continue the dominance over the next few years as majority of washing
machine companies recommend using laundry detergent pods for the longer
life of the machine. Increasing household income in countries including China
and India is expected to expand the market size over the next few years.
Further key
findings from the report suggest:
- Non-biological
products generated a revenue of more than USD 5 billion in 2018
- Commercial
segment is expected to foresee a CAGR of 5.1% from 2019 to 2025
- North America
accounted for a share of more than 35% of the laundry detergent pods
market in 2018
Access
full research report on global laundry detergent pods market:
www.grandviewresearch.com/industry-analysis/laundry-detergent-pods-market
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Created on Dec 12th 2019 03:34. Viewed 362 times.