Laundry Care - NAFTA

NAFTA

Highlights

In 2024, the revenue in the Laundry Care market of NAFTA amounted to US$20.48bn.
It is projected to grow annually by 2.24% (CAGR 2024-2029).
When compared to other global markets, United States generates the highest revenue, reaching US$16bn in 2024.
Furthermore, in relation to the total population, per person revenues amount to US$40.12 in 2024.
The Laundry Care market within NAFTA holds significant economic significance and potential for growth.
In NAFTA, the laundry care market is experiencing a shift towards eco-friendly products due to increasing consumer awareness and demand for sustainable options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Laundry Care Market within the Home & Laundry Care sector in NAFTA is experiencing mild growth, influenced by factors such as shifting consumer preferences towards eco-friendly products, innovations in fabric care technology, and the increasing demand for convenience in laundry solutions.

Customer preferences: Consumers in the Laundry Care Market are increasingly prioritizing sustainable and eco-friendly products, reflecting a broader cultural shift towards environmental consciousness. This trend is particularly pronounced among younger demographics, such as millennials and Gen Z, who favor brands that emphasize responsible sourcing and reduced carbon footprints. Additionally, urbanization and busy lifestyles are driving demand for convenient, multi-functional laundry solutions, such as pods and quick-wash options, catering to the fast-paced needs of modern households.

Trends in the market: In North America, the Laundry Care Market is experiencing a significant shift towards sustainability, with brands increasingly developing eco-friendly products that resonate with environmentally conscious consumers. In Latin America, the demand for concentrated formulas and refillable packaging is on the rise, reflecting a growing awareness of resource conservation. In Europe, innovations in laundry technology, such as energy-efficient machines and biodegradable detergents, are gaining popularity, as consumers seek solutions that align with both convenience and environmental responsibility. These trends indicate a shift that industry stakeholders must navigate to maintain competitiveness and address evolving consumer preferences.

Local special circumstances: In the United States, the Laundry Care Market is shaped by a strong focus on innovation, with consumers prioritizing high-performance products that also meet eco-friendly standards. The regulatory landscape, including stringent environmental guidelines, further drives brands to develop sustainable solutions. In Mexico, cultural preferences for traditional laundry methods coexist with a rising demand for modern, efficient products, as urbanization influences laundry habits. Meanwhile, Canada emphasizes biodegradable packaging, reflecting a commitment to environmental stewardship, prompting brands to adapt their offerings accordingly.

Underlying macroeconomic factors: The Laundry Care Market in North America is significantly influenced by macroeconomic factors such as consumer spending patterns, economic stability, and sustainability trends. In the United States, a robust economy supports high discretionary spending on premium laundry products, while rising awareness of environmental issues drives demand for eco-friendly solutions. In Mexico, economic growth and urbanization are reshaping consumer preferences, leading to increased adoption of modern laundry technologies. Canada’s commitment to sustainability, driven by fiscal policies that promote green products, enhances market opportunities as consumers increasingly seek biodegradable packaging and environmentally responsible brands.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on home and laundry care products. The market encompasses cleaning products designed for private households, including laundry care, household cleaners, dishwashing detergents, and polishes, room scents & insecticides.

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.