Detergent Market In India- Urbanization Is Booming The Industry
Detergent Market In India is expanding at an exponential rate that is driven by the rising hygienic awareness and a growing population. The market is projected to develop at a compound annual growth rate (CAGR) of more than 10%, reaching a value of USD 7.8 billion by 2025. Urbanization is increasing because of increased disposable incomes and as the people are moving toward high-end, environmentally friendly detergent solutions are the main drivers of this growth.
Strong competition is held between local and foreign companies that cater to different customers that ranges from urban to rural families. The market is constantly changing to satisfy the diverse demands of Indian customer’s base while placing a greater emphasis on efficacy, efficiency and sustainability. Examples of advancements in this regard are concentrated methods and sophisticated washing technologies.
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