Global laundry care product industry to reach $85 billion of revenue in 2017
Lucintel, a leading global management consulting and market research firm, has analyzed the global laundry care product industry and presents its findings in “Global Laundry Care Products Industry 2012-2017: Trend, Profit, and Forecast Analysis”.
The global laundry care product industry revenue is forecast to reach estimated revenue of $85 billion in 2017 with a CAGR of 5.1% over the next five years (2012-2017), according to the report. Rising standards of living, increasing population, and growing purchasing power and disposable income of consumers all are expected to drive the industry over the forecast period. The industry recovered from the recessionary period and now is in a growing phase with rising population and consumer spending power. The competitive landscape changed little during 2006-2011. Rising population, consumer income, and changing lifestyles drive laundry care product demand. Maintaining a balance between price and quality is the biggest challenge for the industry. Product development is expected to create demand for powder and liquid detergents in the global market. This consumer goods report provides an overview of the global laundry care product industry, tracking the market in four geographic regions. The report studies manufacturers of laundry care products, providing a five-year annual trend and forecast analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and the Rest of the World. Read more