Laundry Care - Philippines

Philippines

Highlights

In the Philippines, the revenue generated in the Laundry Care market is projected to reach US$1.56bn by the year 2024.
It is anticipated that the market will experience an annual growth rate of 4.60% (CAGR 2024-2029).
When compared globally, United States leads in terms of revenue generation, with an estimated figure of US$16bn in 2024.
Looking at the per capita basis, each individual in the Philippines is expected to contribute US$13.08 in revenue in the year 2024.
The demand for eco-friendly laundry detergents is on the rise in the Philippines as consumers become more conscious of environmental sustainability.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Laundry Care Market in the Philippines is witnessing mild growth, influenced by factors such as urbanization, increased disposable income, and a shift towards convenience-driven products, which are enhancing consumer preferences for efficient laundry solutions.

Customer preferences: In the Philippines, consumer preferences in the Laundry Care Market are shifting towards eco-friendly and innovative products, reflecting a growing awareness of sustainability. Younger generations, influenced by environmental concerns, are increasingly opting for concentrated detergents and biodegradable packaging. Additionally, the rise of urban living has led to a demand for compact and multifunctional laundry solutions. Time-strapped professionals are also gravitating towards laundry pods and online subscription services, prioritizing convenience and efficiency in their busy lifestyles.

Trends in the market: In the Philippines, the Laundry Care Market is experiencing a notable shift towards eco-friendly products, with consumers increasingly prioritizing sustainability in their purchasing decisions. The demand for concentrated detergents and biodegradable packaging is rising, driven by a younger demographic that values environmental responsibility. Additionally, urbanization is spurring interest in compact, multifunctional laundry solutions that fit smaller living spaces. Time-constrained professionals are leaning towards laundry pods and subscription services, emphasizing convenience and efficiency. These trends signify a critical transformation in consumer behavior that industry stakeholders must adapt to, fostering innovation and sustainability in product offerings.

Local special circumstances: In the Philippines, the Laundry Care Market is shaped by unique local factors, such as the country’s tropical climate, which promotes higher humidity levels and frequent rainfall, influencing the need for quick-drying and mold-resistant laundry products. Culturally, the strong emphasis on family and communal living drives demand for bulk packaging and cost-effective solutions. Additionally, regulatory support for environmental initiatives encourages brands to innovate eco-friendly offerings, aligning with the Filipino consumer's growing awareness of sustainability and responsible consumption.

Underlying macroeconomic factors: The Laundry Care Market in the Philippines is significantly influenced by macroeconomic factors such as consumer spending patterns, income growth, and inflation rates. As the national economy continues to recover post-pandemic, rising disposable incomes enable households to invest in higher-quality laundry care products. Additionally, inflationary pressures can impact product pricing and consumer purchasing decisions, leading to a preference for cost-effective solutions. Global trends toward sustainability also resonate locally, as Filipino consumers increasingly seek eco-friendly products, further driving innovation. Moreover, government policies promoting environmental initiatives support brands focused on sustainable practices, enhancing market competitiveness.

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.