Increasing Global Demand For Dishwashing Detergent Market With Rising CAGR Forecast Till 2028|Grand View Research, Inc.Posted by Mrudula Karmarkar on September 19th, 2022 The global dishwashing detergent market size is expected to reach USD 31.26 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2022 to 2028. The growing demand for eco-friendly and sustainable products in developed regions like Europe and North America is propelling the industry demand. Rising urbanization and industrial expansion are expected to boost market growth over the forecast period. The augmented use of dishwashers in developed regions is propelling the market growth and leading to a larger production of machine dishwashing detergents, which are easy to use. Additionally, owing to a rise in disposable income, consumers are shifting towards electronic appliances such as dishwashers. As a result, there is an increase in demand for dishwashing detergents. Dishwashing detergent products consist of enzymes, bleaches, surfactants, chemicals, and other ingredients. These chemicals are hazardous to the environment and affect human health. Owing to all these factors, certain governments had implemented stringent regulations in some countries. Thus, manufacturers have initiated implementing sustainable processes for producing biodegradable, non-toxic, and safe products, which are safer for human health and the environment. Thus, owing to all these factors, the market is anticipated to witness growth over the forecast period. A number of industries and global economies were negatively impacted by the COVID-19 pandemic. Authorities announced a lockdown across the world and citizens were asked to follow strict social distancing to restrict the spread of the virus. Owing to the COVID-19 pandemic, demand and supply of the consumer industry were observed to be steady. With the restrictions and lockdown, a lack of workers was observed, which, in turn, has reduced or limited the production of manufacturing units, thereby limiting the production. It is expected that post-COVID-19 restrictions and lockdown, the global economy will grow normally as earlier. The hand dishwashing detergents product segment held the largest revenue share of more than 60.0% in 2021 due to its increasing demand. With the rising availability and increasing awareness regarding the benefits of cleanliness, the demand for hand dishwashing detergents in emerging economies such as China, India, and Malaysia will drive the industry. The offline distribution channel segment held the largest revenue share in 2021. The offline segment includes store types such as supermarkets, hypermarkets, specialty stores, and retail stores. The growing number of organized retail channels in developing countries such as India, Singapore, Malaysia, and China is expected to increase the demand for dishwashing detergents in the coming years. Vendors offer products with gifts and discounted prices to attract consumers. Owing to these factors, the segment is anticipated to witness growth over the coming years. Europe held the largest revenue share of more than 35.0% in 2021 owing to the large utilization of dishwashing detergents in this region. Growing demand for machine dishwashing detergents owing to the increasing number of dishwashers per house in this region is augmenting the growth of this market. In addition, stringent environmental regulations are creating opportunities for eco-friendly and bio-based dishwashing detergents manufacturers. This is expected to aid the market growth in the coming years. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/dishwashing-detergent-market-report/request/rs1 This can be credited to the growing demand for sustainable and efficient cleaning products. Emerging economies and rising disposable income are likely to propel the market demand over the forecast period. In addition, increasing demand for eco-friendly and bio-based products over chemical-based products has augmented the growth of the market. Growing adoption of the product in the primary and secondary housing sectors, coupled with developments in detergent product packaging, is also likely to boost the market growth over the forecast period. Dishwashing Detergent Market Report Highlights
Factors such as environmental regulations and changing behavior of consumers toward eco-friendly products are anticipated to drive the market over the forecast period. Furthermore, growing rapid urbanization across the world is expected to augment the market growth over the coming years. Additionally, advertisement and promotional strategies by the key players aid in the growth of the market. The COVID-19 pandemic has negatively impacted various industries as well as global economies. The whole world was suffering from the lockdown situation and strict social distancing announcing to limit the spread of the virus. Owing to the COVID-19 pandemic, the growth of the industries such as consumer goods and packaging had been steady. Supply chains of raw materials required for manufacturing and the supply chain of dishwashing detergents got affected, thus hindering the growth of the market. With a short period of crisis, the global economy is expected to grow normally as earlier. For instance, in October 2021, Unilever SA, a leading dishwashing detergent manufacturer, launched a dishwashing liquid containing captured carbon. This launch is expected to shift from fossil fuels. In another instance, in February 2022, Procter & Gamble, a consumer goods giant from the U.S., launched Gain Power Blast, a new aroma-packed dishwashing spray. Furthermore, key players are focusing on an alternative to chemical-based products with eco-friendly products, along with the expansion of their presence in the market. Some prominent players in the global dishwashing detergent market include:
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