Global Laundry Balls Market Size By Product Type, By Application, By Sales Channel, By Geographic Scope And Forecast

Report ID: 367157|No. of Pages: 202

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Global Laundry Balls Market Size By Product Type, By Application, By Sales Channel, By Geographic Scope And Forecast

Report ID: 367157|Published Date: Jan 2024|No. of Pages: 202|Base Year for Estimate: 2023|Format:   Report available in PDF formatReport available in Excel Format

Laundry Balls Market Size And Forecast

Laundry Balls Market size is valued at USD 261.72 Million in 2023 and is projected to reach USD 1588.86 Million by 2030, growing at a CAGR of 26.3% during the forecast period 2024-2030.

Laundry Balls Market is estimated to grow at a CAGR of 26.3% & reach US$ 1588.86 Mn by the end of 2030

Global Laundry Balls Market Drivers

The market drivers for the Laundry Balls Market can be influenced by various factors. These may include:

  • Environmental Awareness: Consumers are looking for eco-friendly laundry detergent alternatives as their awareness about the effects of conventional detergents on the environment grows. Laundry balls are frequently promoted as a more environmentally friendly option since they might use less water and less chemical detergent.
  • Health and Allergen Concerns: An increasing number of consumers are paying attention to skin sensitivity and allergies. The claim that laundry balls are hypoallergenic and kind to the skin makes them appealing to people with skin issues or allergies.
  • Savings: Since laundry balls remove the need to buy conventional detergents and softeners, they are frequently promoted as being economically advantageous over time. This option may be appealing to customers who want to cut back on their laundry-related expenses.
  • Water Conservation: You can cut down on the amount of water used in each wash cycle by using laundry balls. This can be a compelling selling factor in areas where there is a water shortage because it supports water conservation initiatives.
  • Energy Efficiency: Because they can shorten wash cycle times and minimise the demand for hot water, certain laundry ball products make the claim that they consume less energy. Customers who are trying to cut back on their energy costs and carbon footprint may find this appealing.
  • Convenience: Laundry balls are frequently promoted as an easy substitute for conventional detergents. Customers value how easy it is to load up the washing machine with a laundry ball instead of measuring and pouring detergent.
  • Longevity: A lot of laundry balls are made to last for hundreds of washes, which lowers the need for replacements and may be advantageous to customers.
  • Marketing and Awareness: The laundry ball market can also be driven by successful marketing efforts and awareness-raising events. Laundry balls may become more popular as customers learn more about their advantages.
  • Regulatory Support: The market may also be impacted by modifications to regulations or by initiatives to promote eco-friendly goods and ingredients. Encouraging laws or labelling guidelines could promote the usage of washing balls.

Global Laundry Balls Market Restraints

Several factors can act as restraints or challenges for the Laundry Balls Market. These may include:

  • Effectiveness and Cleaning Performance: One of the main issues with laundry balls was determining how effective they were in comparison to conventional laundry detergents, both in terms of perception and reality. Particularly for extremely dirty goods or stubborn stains, some customers and professionals questioned whether laundry balls could clean clothes as thoroughly as regular detergents.
  • Customer Scepticism: The laundry sector has a track record of making bold claims and inventing new products. It can be difficult to win over customers’ doubts regarding laundry balls’ efficacy and establish confidence in them.
  • Limited Research and Validation: Because there hasn’t been much independent study done to support laundry balls’ performance claims, some consumers might be reluctant to use them. One potential limitation could be the absence of commonly accepted exams and certifications.
  • Initial Cost: While laundry balls can offer long-term cost savings, the initial expenditure in purchasing a laundry ball can be higher than a single bottle of detergent. This upfront expense can put off some customers.
  • Absence of Fragrance: Conventional laundry detergents frequently contain scents that give garments a pleasant scent. On the other hand, laundry balls usually don’t add smells to the laundry. Some customers like their laundry to smell like laundry.
  • Consumer Habits: Humans are habitual beings, and many of them have ingrained patterns and strong brand allegiances when it comes purchasing washing supplies. It can be difficult to persuade customers to try a new washing method and alter their habits.
  • Hard Water Problems: The hardness of the local water can have an effect on how effective laundry balls are. Laundry balls could not work as well in areas with hard water, which could reduce their market attractiveness.
  • Product Durability: Laundry balls might differ in terms of longevity and durability between different types and manufacturers. If a laundry ball breaks down sooner than anticipated, customers might not be happy with the purchase.
  • Competition: With a variety of laundry products and well-known detergent brands, the laundry sector is very competitive. It can be difficult to compete with well-known brands when selling washing balls.
  • Regulatory Compliance: Manufacturers of washing balls may encounter difficulties adhering to pertinent laws and norms. It can be an intricate and expensive procedure to make sure that items adhere to safety and environmental regulations.

Global Laundry Balls Market Segmentation Analysis

The Global Laundry Balls Market is segmented on the basis of Product Type, Application, Sales Channel, and Geography.

Laundry Balls Market Segmentation Analysis

Laundry Balls Market, By Product Type

  • Magnetic Laundry Balls: These use magnetic technology to alter the water’s structure, potentially making it more efficient at cleaning.
  • Ceramic Laundry Balls: These contain ceramic beads or pellets that are said to enhance cleaning during the washing process.
  • Mineral Laundry Balls: These laundry balls contain various minerals that interact with water to help remove dirt and stains.
  • Biodegradable Laundry Balls: Focused on sustainability, these laundry balls are designed to be eco-friendly and biodegradable.

Laundry Balls Market, By Application

  • Residential: Laundry balls for home use, typically used in washing machines.
  • Commercial: Laundry balls designed for commercial or industrial laundry applications, such as in hotels, laundromats, and healthcare facilities.

Laundry Balls Market, By Sales Channel

  • Online Retail: Laundry balls sold through e-commerce platforms and the websites of manufacturers or retailers.
  • Brick-and-Mortar Retail: Laundry balls available in physical stores, including supermarkets, home improvement stores, and specialty retailers.

Laundry Balls Market, By Geography

  • North America: Market conditions and demand in the United States, Canada, and Mexico.
  • Europe: Analysis of the Laundry Balls Market in European countries.
  • Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa: Examining market dynamics in the Middle East and African regions.
  • Latin America: Covering market trends and developments in countries across Latin America.

Key Players

The major players in the global Laundry Balls Market include:

  • Smart Sheep
  • Whitmor Incorporated
  • Friendsheep Sustainable Goods
  • Stoney Mountain Farm
  • Etsy
  • Splat & Co.
  • Maple Hill Naturals

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Smart Sheep, Whitmor Incorporated, Friendsheep Sustainable Goods, Stoney Mountain Farm, Etsy, Splat & Co., Maple Hill Naturals.

SEGMENTS COVERED

By Product Type, By Application, By Sales Channel, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Laundry Balls Market is valued at USD 261.72 Million in 2023 and is projected to reach USD 1588.86 Million by 2030, growing at a CAGR of 26.3% during the forecast period 2024-2030.

Consumers are looking for eco-friendly laundry detergent alternatives as their awareness about the effects of conventional detergents on the environment grows.

The major players are Smart Sheep, Whitmor Incorporated, Friendsheep Sustainable Goods, Stoney Mountain Farm, Etsy, Splat & Co., Maple Hill Naturals.

The Global Laundry Balls Market is segmented on the basis of Product Type, Application, Sales Channel, and Geography.

The sample report for the Laundry Balls Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Laundry Balls Market, By Product Type
• Magnetic Laundry Balls
• Ceramic Laundry Balls
• Mineral Laundry Balls
• Biodegradable Laundry Balls

5. Laundry Balls Market, By Application
• Residential
• Commercial

6. Laundry Balls Market, By Sales Channel
• Online Retail
• Brick-and-Mortar Retail

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• Smart Sheep
• Whitmor Incorporated
• Friendsheep Sustainable Goods
• Stoney Mountain Farm
• Etsy
• Splat & Co.
• Maple Hill Naturals

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Laundry Balls Market

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