Soaps and Detergents Project Profile

The global soap and other detergents market is expected to grow from $92.56 billion in 2020 to $95.28 billion in 2021 at a compound annual growth rate (CAGR) of 2.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.65 billion in 2025 at a CAGR of 3%.

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Engineers India Research Institute
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