The wrinkle release spray market until 2030, the global population will increase at a CAGR of more than 5.0%. The wrinkle release spray market will increase, says Future Market Insights (FMI), despite a slow growth year in 2020. This is because customers are looking for ways to make their everyday duties easier. The FMI report provides a clear analysis of how growth will proceed by tracking the wrinkle release spray industry in more than 20 countries.
The analysis shows that the market growth for wrinkle release spray is also hampered by the slowdown brought on by the COVID-19 outbreak. Today, a variety of retail items are offered to improve the convenience of consumers’ lifestyles. Wrinkle release sprays have established their market presence in the vast variety of retail goods and have grown into a popular item.
Wrinkle release sprays have transitioned from a specialty product to a general product category in supermarkets and hypermarkets over the past five years. Due to lack of understanding, they haven’t yet been extensively offered to customers. Nevertheless, these goods are becoming more popular with businesses that offer expert fabric care services. According to FMI’s forecast, supermarkets and hypermarkets would sell approximately 20% of the wrinkle release sprays in 2021.
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Key Takeaways from the Wrinkle Release Spray Market Study
- FMI has forecast the global wrinkle release spray market to reach US$ 1.08 Bn by 2030
- Exhibiting consistently high demand, the U.S. will emerge as a key market, accounting for over 88% of wrinkle release sprays market in North America
- The U.K. will exhibit consistent demand, registering 3% Y-o-Y growth in 2021
- Germany and France will emerge as other key markets for wrinkle release sprays in Europe
- In East Asia, the demand from China and South Korea is expected to remain considerably high
“Fabric care product manufacturers and upcoming startups are focusing on designing attractive brand campaigns. Also, some of the leading market players are considering expansion of the online presence to broaden their reach worldwide,” says an FMI analyst.
Who is winning?
Some of the key players operating in the wrinkle release spray market are P&G, Kao Corporation, Grove Collaborative, Faultless, Unilever, MiiSTS, Downy, Dryel, Bon Ami, Spray & Forget, The Laundress, Magic, Soak Wash, Fox Valley Traders, Quidsi, Grandma’s Secret, Ecokindness, Bayes Cleaners, Follure Clothing, and Woolite.
The players are aggressively investing in campaigns to attract the consumers. They also are focusing on product development with an aim to gain a competitive advantage. Some of them are entering into strategic collaborations to expand their footprint and portfolio.
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Future Market Insights, in its new offering, provides an unbiased analysis of the global wrinkle release spray market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the wrinkle release spray market based on the product type (scented wrinkle spray and unscented wrinkle spray), nature (natural and conventional), price range {Mass (US$0 – US$ 200), Premium (US$ 200 and Above)}, market channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores/ franchise outlets, departmental stores, independent small stores, online retailers, others) across seven major regions.
Global Dishwashing Additives Market by Category
By Product Type:
- Branded
- Private Label
By Application:
- Commercial
- Residential
By Form Type:
- Liquid
- Powder
- Others
By Sales Channel:
- Hypermarkets/ Supermarkets
- Independent Grocery Stores
- Specialty Stores
- Wholesalers/Distributors
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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