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Europe Laundry Detergents Market to Grow at a CAGR of about 1.1% between 2021 and 2026

According to a new report by EMR titled, ‘Europe Laundry Detergents Market Report and Forecast 2021-2026', The global laundry detergents industry attained a value of USD 71 billion in 2020, aided by the growth of the Europe laundry detergents market. The Europe laundry detergents market is further expected to grow at a CAGR of 1.1% in the forecast period of 2021-2026 to attain USD 13.17 billion in 2026.

The Europe laundry detergents market is driven by the rising population, along with growing disposable income of the consumers is driving the industry forward. They are used as cleaning agents, and they help get rid of the stains from the fabric. They have a significant role in providing hygiene and securing the cleanliness of an individual.

The market has shown great potential in Europe due to rising health and hygiene awareness. Unilever (NYSE: UN) and Proctor and Gamble (NYSE: PG) are the two of the significant laundry detergents companies in Europe. Unilever recently launched a natural plant-based detergent with a completely recyclable pack as part of its OMO brand. Proctor and Gamble is a crucial player in the laundry detergents market in Europe, accounting for 24% of the overall 2020 net sales of the company. Fabric & Homecare is a significant contributing segment in this market.

Market Analysis by Forms, Types, Applications, and Regions:

  • Laundry detergents are broadly divided into powder, liquid, and other forms.
  • By type, the laundry detergents are segregated into enzymatic and non-enzymatic.
  • The laundry detergents are applicable in household and the industrial and institutional areas.
  • By region, the Europe laundry detergents have penetrated Germany, UK, France, Spain, and Italy, among others.

Key Findings of the Report:

  • The rising population, along with growing disposable income of the consumers, is driving the industry forward.
  • The rising health and hygiene awareness among younger consumers is propelling the market forward.
  • Widespread penetration of washing machines and laundry care products, along with rising demand environment-friendly products are providing the impetus for the growth of the organic segment of the industry.
  • The laundry detergents industry in the continent is driven by the rise in the hospitality and tourism sector.
  • The progress in the online retail industry is providing a further catalyst for industry growth.

Key Offerings of the Report:

  • The EMR report provides a detailed overview of the market for the periods, (2016-2020) and (2021-2026), by the forms, types, applications, and regions of Europe laundry detergents.
  • The report also evaluates the regional historical (2016-2020) and forecasted (2021-2026) markets.
  • It gives an in-depth insight into the price trends according to forms for the periods (2016-2020) and (2021-2026).
  • The report by EMR analyses the global trade data, covering the value and volume of the major exporting and importing countries.

The Procter & Gamble Company, KGaA, Church & Dwight Co., Inc, Henkel AG & Company, S. C. Johnson & Son, Inc., Unilever, Alticor Inc., The Clorox Company, and Reckitt Benckiser, among other, are the key players in the Europe laundry detergents market as identified by EMR. The comprehensive report looks into their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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