For instance, Unilever, consumer based company, announced in April 2021, that they are in partnership with LanzaTech and India Glycols, for producing a surfactant that is made of industrial carbon emissions in place of fossil-fuels. However, the start-ups and established companies operating in global laundry detergent market are trying their best to provide laundry detergent amidst shutdowns. Disruptions in supply chain and limited manufacturing facilities across the globe have hit the supply chain and it is impacting the businesses and workers engaged in it. The global market for laundry detergent is estimated to experience a moderate growth amid the COVID-19 pandemic. Covid-19 Impact on Laundry Detergent Market Shares Some of the components that are present in laundry detergents are bleach, surfactants, soil anti deposition agents, and enzymes. Laundry detergents are in many forms that include liquid, powder, gel, and pods form. Laundry detergent is a type of detergent that cleans the dirt that is present on the laundry or clothes. However, complexities in manufacturing laundry detergent are some of the growth-restricting factors for the market.Īccording to the regional analysis, the Asia-Pacific laundry detergent market size is anticipated to grow during the review period and generate a revenue of $43,173.50 million, with CAGR of 7.30% due to increasing demand for laundry detergent in the region. Strategic alliances among market players, along with growing demands for laundry detergent across the globe, are expected to accelerate the growth of the laundry detergent market. The global laundry detergent market size is predicted to garner $103,286.00 million in the 2021 – 2028 timeframe, growing from $61,711.00 million in 2020, at a healthy CAGR of 6.70%.
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