Water Soluble Detergent Pods Market to Reach USD 58.5 Bn by 2028 Credence Research

The latest market report published by Credence Research, Inc.?“Global Water Soluble Detergent Pods Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”.?The?Global Water Soluble Detergent Pods Market generated revenue of around USD 30.1 billion in 2021 and is anticipated to grow a CAGR of over 11.70 % during the forecast period from 2022 to 2028 to reach around USD 58.5 billion in 2028.The expanding market for water-soluble detergent pods is significantly influenced by the population's growing awareness of personal hygiene and cleaning products. The need for water-soluble detergent pods is increasing in both the commercial and residential sectors. This could be explained by how useful the product is for regular use. It is also in demand due to its antibacterial properties, which are essential as a defense against pollution and diseases spread by dirt. Innovations drive the market due to changing consumer needs and powder conversion from water-soluble pouches into an advanced liquid form. A range of sales channels, including online and brick-and-mortar retailers, are available in the market for water-soluble detergent pods, which has fueled industry expansion and product diversification. However, water-soluble pods are a market restraint because they are significantly more expensive for identical clothing loads than liquid detergents. The rise of the global market during the expected timeframe may be hampered by the escalating environmental problems around water-soluble detergent pods. The industry for water-soluble detergent pods is seriously threatened by the rising reports of children consuming the pods because they resemble sweets.

The global water soluble detergent pod market is segmented by type, application, and geography. Based on type, the water-soluble detergent pods market is categorized into PVA and PVOH. Based on the application, the water-soluble detergent pods market is segmented into detergents, hand wash, dish wash and others. Based on geography, the water-soluble detergent pods market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

In 2021, North America will dominate the global water-soluble detergent pod market. Due to growing sustainability and environmental concerns, the market for water-soluble detergent pods is anticipated to expand. Additionally, it is anticipated that the water-soluble detergent pods market will be driven by governments worldwide adopting tight laws for eco-friendly products to reduce pollution. Canada and the US are the two largest markets in North America for water-soluble detergent pods. This area will experience faster market growth than other areas. Due to the rising need for biodegradable polymers, particularly in the consumer products sectors, the North American water-soluble detergent pod market will expand over the projection period. The growing demand from the textile industries is one important factor fueling the market's rise.

Why To Buy This Report-

• The report provides a qualitative and quantitative analysis of the global water soluble detergent pods market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
• The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
• In-depth analysis of the global water soluble detergent pods market segmentation based on the type and application.
• Major countries in each region with their import/export statistics.
• The global water soluble detergent pods market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

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