Thursday, 23 February 2023 09:15 AM
Company Update
NEWARK, DE / ACCESSWIRE / February 23, 2023 / The fabric care market is projected to grow from USD 114.0 billion in 2023 to USD 193.1 billion in 2033. Fabrics that are loosely woven, and can easily get out of shape, require special care while washing, drying, and ironing. Dry cleaning is defined as cleaning with solvents and little or no water. The combination of heat and solvents is hard on fabrics and may cause as much wear as the actual wearing of the garment.
Better lifestyles have resulted from improving economies and rising disposable income for consumers
Washing and fabric care products are used to clean furniture and clothing. Cleaning chemicals must be used to keep the fabric supple and clean. There are detergents, soaps, bleach, fabric softeners, and other fabric wash products on the market. Different types of clothing require special care, such as dry cleaning or hand washing, to make them look the best.
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Fabric products can also be used on various seasonal garments. Acrylic, cotton, denim, linen, microfiber, nylon, polyester, rayon, silk, lycra, velvet, and wool are all good candidates for fabric cleaning agents. With a growing population and rising middle-class income levels, the market demand for fabric care and cleaning is fuelling.
Consumers are turning to innovative cleaning methods to protect the quality and shelf life of their branded garments as their discretionary income rises. Adoption is bolstered further by great consumer knowledge about the importance of using approved fabric cleaners for washing machines to protect materials and extend the life of the machine.
Customers are increasingly choosing environmental-friendly fabric cleaners as they become more aware regarding the potentially detrimental impacts of chemical-based textile cleaners. Industry competitors have introduced novel and environmental-friendly textile cleaning products without sacrificing cleaning effectiveness. These factors are anticipated to boost future demand for fabric wash and care products.
Key Takeaways from the Fabric Care Market
- The fabric care market is expected to hold a CAGR of 5.4% during the forecast period 2023 to 2033.
- Improved package style, growing disposable income, and novel product launches are the important factors driving the India fabric care market.
- Asia Pacific dominated the fabric care market.
- The fabric detergents segment, amid other product type segments, is predicted to account for the comparatively high-value share in the fabric care market. This segment is expected to lead the global fabric care market in the forthcoming years.
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Competitive Landscape:
Top players operating in the fabric care market are 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., and many more.
Key Developments in the Fabric Care Market:
- November 2020 - P&G increased its fabric care product portfolio; released "Ariel Laundry PODs" in India. P&G's top detergent brand, Ariel, is pushing innovation in the country.
- June 2020 - Wipro Consumer launched an anti-germ liquid detergent and fabric conditioner. Wipro Consumer Care and Lighting have also released a liquid fabric wash and conditioner with a germ-prevention solution that helps disinfect clothing, in response to the coronavirus outbreak.
- September 2020 - SCHUTZEN Chemical Group released the SCHUTZEN WEAR SAFE fabric softener and disinfection. SCHUTZEN Chemical Group, the world's largest maker of diversified specialty chemicals, has released SCHUTZEN WEAR SAFE Garment Softener and Sanitizer to assist people in navigating the new normal.
Key Segmentation
By Product type:
- Fabric detergents
- Fabric softeners/enhancers
- Stain removers/bleach
- Other fabric care products
By Form:
- Powder
- Dry sheets
- Bars/blocks
- Pacs & tablets
- Other forms
By Nature:
- Synthetic
- Organic
- Others
By Sales Channel:
- Wholesalers/ distributors
- Convenience stores
- Supermarkets/hypermarkets
- Online stores
- Independent small stores
- Other sales channels
By Region:
- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- Japan
- The Middle East and Africa
Table of Content
- Executive Summary | Fabric Care Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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Have a Look at Related Research Reports of Consumer Product
Fabric Softener Market Size: The global laundry products market is growing at a swift rate owing to the innovation of new products and rising awareness about the availability of these products.
Fabric Odor Eliminator Market Share: Nowadays the consumers are concerned about health and hygiene more than ever leading them to adapt to products such as fabric Odor eliminator
Fabric Stain Remover Market Trends: The global fabric stain remover market is currently valued at around US$ 10 Billion and is predicted to increase at a CAGR of 5% to reach a market valuation of US$ 14.56 Billion by the end of 2030
Smart Fabric Market Growth: The Smart Fabric Market is likely to hold the global market at a moderate CAGR of ~20% during the forecast period
Fabric Freshener Market Forecast: The global fabric freshener market size is anticipated to reach a valuation of US$ 3.4 Billion, exhibiting a CAGR of 6% in the forecast period 2022-2032
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