(MENAFN – iCrowdNewsWire) Laundry Detergent Pods Market Future Growth Challenges, Size, Share, Demand, Trends, Revenue and Forecast to 2023
iCrowdNewswire Jan 12, 2021 4:37 PM ET
Laundry detergent pods are disposable pouches containing laundry detergent, fabrics softener, and other laundry products. These pouches are efficient and reliable due to the measurement of quantity it offers to the customer. The global laundry detergent pods market report highlights on important factors, trends, opportunities, and challenged faced by the market in the period between 2018 and 2023 (forecast period.)
The global laundry detergent pods market is set to reach a value of USD 3,567.7 million by 2023 at a CAGR of 5.04% over the forecast period. The market can attract a demand of 12,000.1 million units by 2023 at a CAGR of 3.59% over the same period. Development of new household care products is likely to induce customers in purchasing this product. Its functionality and performance over liquid and powder counterparts can work favorably for the market.
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Inclusion of sweet fragrances in these pouches can attract customers. Celebrity endorsements of these products in China and India can drive the consumer awareness level and fuel product demand. The