The Fabric Detergent Market in India by Product Type and Application - Forecast to 2023: CAGR to Grow at 5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “India Fabric Detergent Market - Segmented by Product Type, and Application - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The India fabric detergent market is expected to witness a CAGR close to 5% during the forecast period. The launching of new products to cater to the consumer demand is also likely to stimulate the market growth in the coming years.
Rising Penetration of Washing Machines is Driving the Market
The demand for fabric detergents in India is mainly driven by the rising penetration of washing machines, which is rapidly increasing the demand of liquid detergents in the country. The usage of washing machines in India is continuously increasing due to increase in the number of working women and increasing household income in the country. The Indian market for washing machines in 2016-17 was around 6 million units and is expected to witness 8-9% year-on-year growth.
Liquid Detergent Type is Expected to Grow at the Highest Rate
In 2017, powder detergent type dominated the fabric detergent market in India. The demand for fabric liquid detergent is primarily driven by the ease in application and less wastage in comparison to detergent powders. The powder detergent category is coming under increasing pressure from liquid detergents as it gives premium wash particularly to delicate clothes at a similar cost. With consumers experiencing a high quality wash at a similar price, they are shifting towards liquid detergents.
Notable DevelopmentsIn March 2018, FMCG major, Wipro Consumer Care & Lighting, expanded its range of Safewash, the liquid detergent brand. The company launched its new variants namely Safewash MATIC series (Liquid detergent) and Softouch fabric conditioner (after wash).
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Competitive Landscape
7. Company ProfilesECOF Industries Private Limited Fena (P) Limited (INDIA) Galaxy Detergent LLC Godrej Group Henkel AG & Company KGaA Nirma Limited Patanjali Ayurved Proctor & Gamble Co. RSPL Group Safechem Industries Unilever Group Wipro Consumer Care & Lighting Jyothy Laboratories Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/wsvmsp/the_fabric?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005337/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Laundry Care and Detergents
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: HOME GOODS RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/20/2018 09:40 AM/DISC: 08/20/2018 09:40 AM