According to a new report by Expert Market Research titled, ‘Asia Pacific Laundry Detergents Market Report and Forecast 2020-2025’, the Asia Pacific laundry detergents market reached a value of USD 34.5 billion in 2019. The Asia Pacific market is expected to aid the growth of the global laundry detergents market, which is projected to grow at a CAGR of 4.6% in the forecast period of 2020-2025 to attain a value of USD 93 billion by 2025.
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The Asia Pacific laundry detergents market significantly aids the growth of the global laundry detergent market. The Asia Pacific region is one of the largest regional markets for laundry detergents, globally. China, which accounts for nearly 70% of the sector, is the region’s major market. However, India is anticipated to grow more rapidly in comparison with China in the coming few years. Thus, China and India, both, majorly affect how the Asia Pacific market performs. The Asia Pacific laundry detergents market is being driven by the rising demand from India and China. China is also a leading exporter of laundry detergents. In 2018, China was the fourth-largest exporter of laundry detergents by value.
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Market Analysis by Types:
- Enzymatic
- Non-Enzymatic
Market Analysis by Forms:
- Powder Detergents
- Liquid Detergents
- Other
Market Analysis by Applications:
- Household
- Industrial and Institutional
Market Analysis by Regions:
- China
- India
- Japan
- Others
Competitive Landscape & Supplier Analysis:
- The Procter & Gamble Company (NYSE: PG)
- Henkel AG & Company, KGaA (OTCMKTS: HENKY)
- Church & Dwight Co., Inc (NYSE: CHD)
- S. C. Johnson & Son, Inc.
- Unilever (NYSE: UL)
- RSPL
- Kao Corporation
- Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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