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Global Industry Size:
The global hygiene market size was valued at USD 57.6 billion in 2020 and is expected to reach USD 85.4 billion by 2027, growing at a CAGR of 5.6% during the forecast period.
India Industry Size:
The Indian hygiene market size was valued at INR 35,000 crore (USD 4.9 billion) in 2020 and is expected to reach INR 60,000 crore (USD 8.5 billion) by 2027, growing at a CAGR of 8.2% during the forecast period.
Number of Players in India:
There are approximately 100-150 players in the Indian hygiene industry, with a mix of large-scale manufacturers, small and medium-sized enterprises, and regional players.
Growth Rate:
The Indian hygiene industry has been growing at a CAGR of 8-10% over the past few years, driven by increasing awareness of personal hygiene and sanitation.
Factors Causing the Industry to Thrive in India:
Future Potential:
The Indian hygiene industry has significant potential for growth, driven by increasing demand from various end-use industries and growing awareness of hygiene and sanitation.
The industry is expected to benefit from the "Swachh Bharat Abhiyan" initiative, which aims to promote cleanliness and sanitation across the country.
Some other trends and factors that may impact the industry include:
Note: The data and figures mentioned above are approximate and sourced from various industry reports, research studies, and market analysis.
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