Market Forecast By Product (Household detergents, Industrial soaps & detergents, Household soaps, Others), By Applications (Homecare Detergents, Industrial Soap and Detergent, Homecare Soaps, Others) And Competitive Landscape
Product Code: ETC017872 | Publication Date: Apr 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Bangladesh Soap and Detergents Market report thoroughly covers the market by products and by applications. The Soap and Detergents Market outlook report provides an unbiased and detailed analysis of the ongoing Soap and Detergents Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Soap and Detergents Market size is forecast to grow during the forecast period. The market is driven by the growing population, rising income levels, and the increasing urbanization. Moreover, the growing awareness about hygiene and the changing lifestyle are also some of the factors driving the Bangladesh Soap and Detergents Market growth. The future of soap and detergents market looks promising as the country's economy is growing at a healthy rate. Moreover, the government initiatives are likely to boost the domestic manufacturing industry, which in turn, boost the market growth to a great extent.
According to 6Wresearch, the Bangladesh Soap and Detergents Market is anticipated to grow at a higher growth rate during the 2023-2029. The rising population, urbanization, and changing lifestyles are the major factors propelling the growth of the soap and detergents market in Bangladesh. The increase in the number of working women and their rising discretionary expenses are also contributing to the growth of the soap and detergents industry in Bangladesh. However, the market faces some challenges such as high raw material costs and intense competition. Nevertheless, the changing lifestyles is another factor that is expected to boost growth in the Bangladesh soap and detergents market. Bangladesh has a growing soap and detergents industry, and there is potential to export products to neighboring countries.
The pandemic has led to a decrease in demand for soap and detergents as people have been staying at home. This has resulted in a decline in sales for many companies operating in the Bangladesh soap and detergents industry. The pandemic has led to the growing awareness of the importance of personal hygiene, and this has resulted in a surge in demand for soap and detergent products market in Bangladesh. Also, the pandemic has led to changes in consumer behavior, with many consumers becoming more price-sensitive. Many manufacturers have experienced delays in the delivery of raw materials and packaging materials, which has impacted production schedules.
There are a few key players in soap and detergents market. Unilever is one of the leading manufacturers with a significant share in the market. The competition in the Bangladesh soap and detergents market is relatively high as there are many local and international players. The major players in the Bangladesh soap and detergents market are Procter & Gamble Bangladesh Limited, ACI Limited, Square Toiletries Limited, KOHINOOR Chemical Co. (BD) Ltd., and TK Soap Factory Pvt. Ltd.
According to Ravi Bhandari, Research Head, 6Wresearch, the household detergent segment includes the use of detergent for household cleaning. These products are widely used in households across Bangladesh. Industrial Soaps & Detergents are used for industrial cleaning purposes, such as hospitals, factories, and hotels. Lastly, the Household Soaps category includes soaps used for personal hygiene and grooming purposes.
Based on Application, the homecare detergents segment includes household cleaning and personal hygiene. On the other hand, the industrial Soap And Detergent segment includes cleaning in industries like healthcare, hospitality, and food processing.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Soap and detergents Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Soap and detergents Market Revenues & Volume, 2022 & 2029F |
3.3 Bangladesh Soap and detergents Market - Industry Life Cycle |
3.4 Bangladesh Soap and detergents Market - Porter's Five Forces |
3.5 Bangladesh Soap and detergents Market Revenues & Volume Share, By Product, 2022 & 2029F |
3.6 Bangladesh Soap and detergents Market Revenues & Volume Share, By Applications, 2022 & 2029F |
4 Bangladesh Soap and detergents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Soap and detergents Market Trends |
6 Bangladesh Soap and detergents Market, By Types |
6.1 Bangladesh Soap and detergents Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Soap and detergents Market Revenues & Volume, By Product, 2019 - 2029F |
6.1.3 Bangladesh Soap and detergents Market Revenues & Volume, By Household detergents, 2019 - 2029F |
6.1.4 Bangladesh Soap and detergents Market Revenues & Volume, By Industrial soaps & detergents, 2019 - 2029F |
6.1.5 Bangladesh Soap and detergents Market Revenues & Volume, By Household soaps, 2019 - 2029F |
6.1.6 Bangladesh Soap and detergents Market Revenues & Volume, By Others, 2019 - 2029F |
6.2 Bangladesh Soap and detergents Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Soap and detergents Market Revenues & Volume, By Homecare Detergents, 2019 - 2029F |
6.2.3 Bangladesh Soap and detergents Market Revenues & Volume, By Industrial Soap and Detergent, 2019 - 2029F |
6.2.4 Bangladesh Soap and detergents Market Revenues & Volume, By Homecare Soaps, 2019 - 2029F |
6.2.5 Bangladesh Soap and detergents Market Revenues & Volume, By Others, 2019 - 2029F |
7 Bangladesh Soap and detergents Market Import-Export Trade Statistics |
7.1 Bangladesh Soap and detergents Market Export to Major Countries |
7.2 Bangladesh Soap and detergents Market Imports from Major Countries |
8 Bangladesh Soap and detergents Market Key Performance Indicators |
9 Bangladesh Soap and detergents Market - Opportunity Assessment |
9.1 Bangladesh Soap and detergents Market Opportunity Assessment, By Product, 2022 & 2029F |
9.2 Bangladesh Soap and detergents Market Opportunity Assessment, By Applications, 2022 & 2029F |
10 Bangladesh Soap and detergents Market - Competitive Landscape |
10.1 Bangladesh Soap and detergents Market Revenue Share, By Companies, 2022 |
10.2 Bangladesh Soap and detergents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |