Fabric Softeners and Conditioners Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global fabric softeners and conditioners market size is
expected to reach USD 22.72 billion by 2025, according to a new report by Grand
View Research, Inc. It is projected to register a CAGR of 4.7% during the
forecast period. Rising adoption of fabric conditioners for maintaining the
elasticity of fabrics is projected to drive the growth. These products help
maintain softness of products and lighten the textile fibers. Growing demand
for eco-friendly cleaning products owing to rising concerns over water
pollution and hazardous effects associated with chemicals are expected to open
new growth avenues in near future.
Liquid
product segment exceeded USD 10 billion in 2018. Liquid products protect
clothes from stretching and fading. Increasing adoption of top-load machines
across the world is expected to further fuel the use of liquid products as they
can be easily incorporated in washing machine dispensers. Rising adoption of washing
machines in emerging economies is projected to further fuel the demand.
Commercial
application held the largest market share in 2018 and is expected to register a
CAGR of 4.4% from 2019 to 2025. Growing textile and hospitality industries is
expected to drive the segment growth. Hospitality industry requires freshly
washed and stain-free towels, bed sheets, and pillow covers among other
products on a daily basis. This factor is anticipated to boost growth of the
commercial application segment in near future.
Asia Pacific
is expected to witness the fastest CAGR of 6.1% from 2019 to 2025. Rising
household income in emerging economies including China and India is expected to
remain a favorable factor. Increasing product launches in these countries is
projected to positively influence the regional growth. In April 2018, Hindustan
Unilever launched a fabric conditioner under the brand name, Comfort Pure for
baby clothes. In March 2019, Proctor & Gamble launched plant-based product
line under the Home Made Simple brand. Under this category, the company will
offer a wide range of products including soaps, multipurpose cleaners, laundry
detergents, and fabric softeners.
Further key
findings from the report suggest:
- Liquid products
is expected to witness a CAGR of 5.2% from 2019 to 2025
- Commercial
application held the leading market share of over 60% in 2018
- In 2018, Asia
Pacific held a revenue share of 36.6%
- Key fabric softeners and conditioners market participants include Procter & Gamble; Unilever; RECKITT BENCKISER GROUP PLC; HENKEL AG & CO.; LG Household & Health Care Ltd.; PIGEON CORPORATION; Church & Dwight Co., Inc.; and MELALEUCA, INC.
Access full
research report on global fabric softeners and conditioners market:
www.grandviewresearch.com/industry-analysis/fabric-softeners-conditioners-market
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Created on Oct 22nd 2019 08:19. Viewed 283 times.