By Daniel Webster, dWeb.News
DUBLIN, July 21st, 2021 /PRNewswire/ — ResearchAndMarkets.com has added the “Soap and Other Detergents Market Report 2021 COVID-19 Impact and Recovery up to 2030” report to its offering.
Global soap and detergents market is expected grow at a compound annual rate (CAGR of 2.9%) from $92.56 billion to $95.28 billion in 2020. At a CAGR rate of 3%, the market is expected reach $108.65 Billion in 2025.
Procter & Gamble is a major player in the soap and detergents market.
The companies have reorganized their operations and are now recovering from the COVID-19 effect, which previously led to restrictive containment measures that included remote working and social distancing. This also resulted in operational difficulties.
The soap and detergents market is made up of soap, other detergents, and related services to remove dirt from skin, textiles, and other solid surfaces. Chemical compounds are surface active agents. Soap and detergents are soaps. These products are made of animal fats and vegetable oil and are used for cleaning a solid surface. The four types of surface-active agents can be classified as: anionic detergents (cationic detergents), nonionic on ionic detergents (ampholytic) and ampholytic. This is key to the growth of the soap and detergent industries. To meet the needs of their customers, manufacturers continue to invest in innovative product development. Companies are creating soaps with anti-allergy ingredients and detergents made from natural ingredients that are widely accepted.
Unilever, a British/Dutch consumer goods company, launched a new liquid detergent product in 2019 under the brand Hindustan Unilever(HUL), ‘Love Home and Planet’. This is the fifth brand of fabric wash brands for HUL. Certain regulations are in place to reduce the release of toxic chemicals into the atmosphere during soap and detergent manufacturing. The US code of federal regulations (40 CFR) regarding safety of the environment (part 417) requires soap and detergent manufacturers to comply with these regulations. This thereby restricts the soap and detergent market. These laundry products are water-efficient and require less water to rinse because they contain chemicals that are less dependent on water. These products also reduce packaging and transport costs for manufacturers.
In August 2019, Hindustan Unilever launched a continuous premiumization strategy in laundry with the brand Love & Care’. This brand is designed to wash premium fabrics such as silk and fine cotton. These new brands are expected to drive the soap and detergents market during the forecast period.
Key Topics: 1. Executive Summary 2. Market Characteristics of Soap and Other Detergents Trends and Strategies in Soap and Other Detergents. COVID-19’s Impact on Soap and Other Detergents Market Size and Growth of Soap and Other detergents 5.1. Global Soap and Other Detergents Historic Market 2015-2020, $ billion
5.1.1. Drivers of the Market
5.1.2. 5.2. Restraints to the Market 5.2. Global Soap and Other Detergents Market Forecast, 2020-2025F 2030F, $Billion 5.2.1. Drivers of the Market
5.2.2. Restraints on Market 6. Segmentation 6.1 of the Soap and Other Detergents market 6.1. Global Soap and Other Detergents market, Segmentation by Product Type. Historic and Forecast. 2015-2020, 2020-2025F. 2030F. $ Billion
Industrial Soap and Detergent
7. Soap and Other Detergents Market Analysis
7.1. Global Soap and Other Detergents Market, Divided by Region, Historic and Forecast, 2015-2025F, 2030F. $ Billion 7.2. Global Soap and Other Detergents Market, Split By Country, Historic and Forecast, 2015-2025F, 2030F. $ Billion
Procter & Gamble
Henkel AG & Co KGaA
Church & Dwight Co. Inc.
Reckitt Benckiser Group plc
Johnson and Johnson
Nafine Chemical Industry Group Co. Ltd.
Nafine Chemical Industry Group
The Sun Products Corporation
State Industrial Products Corporation
Akzo Nobel Spg
Original Bradford Soap Works
Kutol Products Company
James Austin Company
Piedmont Chemical Industries
For more information on this report, visit https://www.researchandmarkets.com/r/90t1yd
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SOURCE Research and Markets
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