Product Innovations Expected to Drive Demand in the Soaps and Detergents Industry, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Soaps and Detergents Industry. Improving economic scenario, constant product innovation, rising levels of disposable incomes, and rising awareness about environment sustainability comprise major factors driving sales in the soaps and detergents industry. The market is projected to register steady growth in the near term as companies streamline strategies and focus on product innovation and eco-friendly products to meet consumer demands.

Soaps and Detergents: A Global Outlook

Follow us on LinkedIn – The economic crisis severely dented the prospects of several major industries. However, the negative impact of the crisis on soaps and detergents industry appeared to be more or less mediocre. The global soaps and detergents industry witnessed a marginal drop in demand, which was predominantly witnessed in institutional and industrial sectors. Demand from domestic market that constitutes the key revenue generator for the industry, remained intact. Recovering from the economic crisis, the industry is all set to unleash new growth avenues, as manufacturers renew focus on producing eco-friendly and efficient products to meet consumer demand. In the near term, natural, biodegradable and new products suiting customer preferences are forecast to register robust growth patterns.

The United Sates comprises the leading market for soaps and detergents and is closely trailed by the UK. Asia-Pacific represents the fastest growing market. With developed countries exhibiting saturated growth, soaps and laundry product manufacturers are shifting focus to developing countries, where rapid urbanization and increasing disposable incomes are creating new demand for laundry products. The most prominent among the developing countries include India and China. The embryonic state of the industry and absence of technologically advanced products such as liquid detergents and tablets in several developing regions translate into plenteous opportunities for market growth. Additionally, ‘Going Green' has become an overriding trend catching up in the market. The market is witnessing a rise in demand for nature-based products in recent times. Several soap and detergent companies are focusing on green products, the demand for which remained consistent even during global economic crisis.

The research report titled “Soaps and Detergents: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the world soaps and detergents market, and identifies major trends, issues, challenges and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Japan, France, Germany, Italy, The United Kingdom, Spain, Australia, China, India, Honk Kong, Peru, Middle East and Africa, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Soaps_and_Detergents_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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