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Technavio has published a new market research report on the global liquid detergent market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rising demand for ultra-concentrated liquid detergent. These products are in high demand as they are more effective and are manufactured in a more environment-friendly manner optimizing on the use of water and raw materials.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing demand for organic and environment-friendly liquid detergent as one of the key emerging trends in the global liquid detergent market:
Global liquid detergent market: Growing demand for organic and environment-friendly liquid detergent
Disruption of ecological balance has led to increased focus on environment conservation. Consumers are becoming conscious about using eco-friendly laundry care products, including liquid detergents. The growing demand for environmental-friendly products is leading vendors to develop organic laundry care products using natural substances instead of chemicals, artificial additives, and other synthetic products.
“Several vendors are launching products with biodegradable ingredients such as natural washing soda, coconut oil and mineral based surfactants, and plant-based enzymes. Most of these organic and eco-friendly detergents perform well in water at low temperatures. This reduces the need for using hot water, thereby conserving energy as well,” says a senior analyst at Technavio for research on cosmetics and toiletry.
Global liquid detergent market: Segmentation analysis
This market research report segments the global liquid detergent market by product (liquid laundry detergent and liquid dishwashing detergent) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of over 37%, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to show the highest incremental growth followed by the EMEA region.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market ecosystemMarket characteristicsMarket segmentation analysis
Market definitionMarket size and forecast
Five Forces Analysis
Regional comparisonKey leading countries
Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: HOME GOODS ENVIRONMENT RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 09/24/2018 09:33 AM/DISC: 09/24/2018 09:33 AM
Copyright Business Wire 2018.