PORTLAND, Ore., May 11, 2021 /PRNewswire/ — Allied Market Research published a report, titled, “Liquid Soap Market by Type (Organic and Conventional), Product (Hand Wash, Face Wash, Surface Cleaner and Others), Application (Commercial and Residential), and Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores and Online Sales Channel): Global Opportunity Analysis and Industry Forecast 2021–2027.” According to the report, the global liquid soap industry was estimated at $18.20 billion in 2019, and is expected to hit $38.19 billion by 2027, registering a CAGR of 9.3% from 2021 to 2027.
Drivers, restraints, and opportunities-
Rise in awareness about huge number of benefits associated with healthy & hygienic lifestyle, various initiatives by governments and hospitals toward maintenances of personal hygiene, and ease in availability of low-cost products drive the growth of the global liquid soap market. On the other hand, certain governments in various countries of Europe, the America’s, and Asia-Pacific have put restrictions on use of chemical additives in liquid soaps, which restrains the market growth. However, rapid urbanization in developing economies and increase in use of luxurious premium organic liquid soaps across the globe are expected to create multiple opportunities in the future.
Request Sample Report at : https://www.alliedmarketresearch.com/request-sample/7206
Covid-19 scenario-
- The outbreak of the pandemic led to…
