The fabric care market is projected to grow from USD 114.0 billion in 2023 to USD 193.1 billion by 2033, expanding by a CAGR of 5.4% from 2023 to 2033.
Increasing lifestyle improvement is a vital factor responsible for the upliftment of market growth. Furthermore, growing awareness about the benefits of using fabric conditioners, increasing diversification of product portfolio, and rising consciousness towards the benefits of using quality detergent coupled with fabric conditioners are the factors driving the fabric care market.
Furthermore, factors such as a fast-growing population, rising per capita spending on domestic cleaning goods, an expanding global FMCG industry, and the developing trend of hygienic personal care are likely to enhance demand for fabric care products over the forecast period.
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Fabric care companies use a variety of marketing methods to grow their market share, revenue, penetration, and client base. Multiple competitors, for example, offer combination deals to enhance sales and profits, product innovation to build brand loyalty, and the introduction of various items in the same product category for different user groups are some of the drivers driving the global fabric care market.
Moreover, packaging plays an important role in protecting and extending the shelf life of a wide range of FMCG products, thus, nowadays, consumers are not only concerned about buying natural & green-label home care, personal care and fabric care products, but are also demanding environment-friendly packaging.
Thus, growing consumer expectations for eco-friendly packaging and consciousness about the detrimental effects of fabric care containers and plastic packaging on the environment are projected to accelerate the growth of the natural fabric care market worldwide. Moreover, the frequent launch of fabric care products that target specific customers, coupled with increasing demand for green products, is creating considerable opportunities in the global fabric care market.
The global fabric care market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the Asia Pacific excluding Japan and Europe regions are estimated to have a substantial value share. In terms of value, APEJ is the most attractive region in the global fabric care market, and is expected to grow at a CAGR of 6.9% over the forecast period. In the global fabric care market, the region is expected to gain 278 BPS during the forecast period.
On the basis of product type, the fabric care market is segmented into fabric detergents, fabric softeners/enhancers, stain removers/bleach and other fabric care products. In 2018, the fabric detergents segment accounted for the highest revenue share of 48.7% in the global fabric care.
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Key Players in the Global Fabric Care Market
Detailed profiles of companies are also included in the global fabric care market report to evaluate their performance, key product offerings and recent developments. Some of the key players profiled in the global fabric care market study include
- Reckitt Benckiser Group PLC
- S.C. Johnson & Son Inc
- Golrang Industrial Group
- Alicorp S.A.A.
- RSPL Limited
- LG Household & Health Care Ltd
- Wings Corporation
- Lion Corporation
- Procter & Gamble Co.
- Guangzhou Liby Enterprise Group Co., Ltd.
- Whealth fields Lohmann Guangzhou Ltd.
- Fabrica de Jabon La Corona;
- SA de CV
- Unilever PLC
- Church & Dwight Co., Inc.
- Nice Group Co., Ltd.
- Kao Corporation; Henkel AG & Co. KGaA
- Guangzhou Blue Moon Industry Co., Ltd.
- Amway Corporation.
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