ID: MRFR/CR/8848-HCR | February 2021 | Region: Global | 90 pages
Global Dishwashing Detergents Market size in 2019 was valued at USD 8.09 Billion and is expected to register a CAGR of 5.3% from 2020 to 2026.
The demand for dishwashing detergents is increasing owing to the rising popularity of efficient and sustainable cleaning products along with the increasing urbanization across the world. Rising product innovations among global players have also triggered a substantial growth opportunity for the dishwashing detergent manufacturers. For instance, Colgate-Palmolive Company introduced a phosphate-free dish detergent range. Introduction of an innovative automatic dishwasher cleaner by The Procter & Gamble Company that not only cleans dishes but also cleans machine during the washing process itself are helping in the growth of the dishwashing detergents market. Furthermore, in the emerging economies increasing disposable income and the advent of many startups specialized in the manufacturing of efficient and economical dishwashing detergents are triggering the growth of the dishwashing detergent market.
The outbreak of COVID-19 has resulted in a surge in demand for dishwashing detergents around the world. With lockdown restrictions across the globe and people restricting itself at home to restrain the growth of COVID-19, demand for dishwashing detergents has surged exponentially. This was mainly due to stockpiling and panic buying of dishwashing detergents. For instance, The Procter & Gamble Company in the US has witnessed a 10% surge in sales of dishwashing detergents in the US, primarily due to stockpiling. However, according to MRFR analysis, this sudden increase in demand for dishwashing detergents is only for a temporary period and is expected to normalize once the outbreak decreases.
Global Dishwashing Detergents Market has witnessed exponential growth in the last couple of months. Owing to the outbreak of a global pandemic, COVID-19, lucrative growth opportunities were created for dishwashing detergent manufacturers worldwide. As people are staying more at home due to lockdown restriction, cleaning utensils, dishes, and cutleries have increased, which has resulted in a surge in demand for dishwashing detergents. For instance, many popular brands of The Procter & Gamble Company for dishwashing detergents has witnessed an increase in sales of over 10% post-COVID-19. Many other companies are witnessing a surge in sales of over double-digit growth post-COVID-19 outbreak.
Growing urbanization coupled with rising consumer awareness for efficient cleaning products
By Distribution Channel
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By End-Use, Distribution Channel, By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||The Procter & Gamble Company (US), Colgate-Palmolive Company (US), Henkel AG & Company, KGaA (Germany), C. Johnson & Son, Inc. (US), Reckitt Benckiser Group plc/N.V. (UK) Unilever (UK), Johnson & Johnson (US), Estée Lauder Companies (US), Kao Corporation (Japan), The Clorox Company (US)|
|Key Market Opportunities||Increasing disposable income and the advent of many startups specialized in the manufacturing of efficient and economical.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The demand for effective and sustainable cleaning products is powering the market expansion.
A 5.3% CGAR is foreseen to change the market progress in the impending period.
Henkel AG & Company, KGaA (Germany), Colgate-Palmolive Company (U.S.), C. Johnson & Son, Inc. (U.S.) and Reckitt Benckiser Group plc/N.V. (U.K.) are a few of the prolific contributors in the market.
The Asia Pacific regional market is foreseen to lead the charge for change in the coming period.
The residential segment is estimated to bolster the market in the near future.