2020 Laundry Detergent Market Data Analysis

Analysis of the 2020 Laundry Liquid Market Report: The total retail sales of clothing, personal and household cleaning and care products were RMB 67.8 billion, 9.5 billion and 33.5 billion, accounting for 61.2%, 8.6% and 30.2% of the total retail sales of household cleaning and care products in China, respectively. From 2015 to 2019, the size of the clothing market increased from RMB 56.2 billion to RMB 67.8 billion, with a CAGR of 4.8%, showing a steady growth; according to Frost & Sullivan, it is expected to continue to increase to RMB 97.1 billion in 2024 at a CAGR of 7.4%. RMB. The domestic penetration rate of laundry detergent has steadily increased. Data from the Ministry of Commerce shows that from 2013 to 2017, the retail sales of synthetic laundry detergents in key large-scale retail enterprises in my country continued to decline. According to Frost & Sullivan, the domestic laundry detergent market will exceed that of laundry detergent in 2021, and the penetration rate of laundry detergent is expected to reach 58.6% in 2024, with a market size of RMB 51.5 billion. The market indicates opportunities, and the continuous warming of the laundry detergent market will also drive more laundry detergent manufacturers to compete. In the future, there will be large and small manufacturers entering the ranks of laundry detergent production. Non-professionals can also get started quickly. If you also want to engage in the production of laundry detergent, you can contact Jinzong Chemical Machinery Co., Ltd., a 30-year-old daily chemical equipment supplier with rich experience and quality assurance. Thousands of daily chemical and cosmetic companies provide professional production line solutions and smart equipment. If you want to seize the market share as soon as possible, and want to put into production as soon as possible, then quickly enter the official website of Jinzong to contact customer service for consultation and understanding!

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