Commercial Cleaning Products Market Poised for GrowthJanuary 7, 2022
The global market for commercial cleaning products is expected to grow to US$36.4 billion by 2028 with a compounded annual growth rate—or CAGR—of 9.7%, according to a new study from market research firm Research and Markets.
The study found the growth is mainly attributed to rising urbanization in developing economies. According to Research and Markets, growing investments by countries in constructing office buildings, hotels, retail stores, and other commercial infrastructure will result in the subsequent increased demand for various types of cleaning products.
The surface cleaners product segment in particular is forecasted to expand at a CAGR of over 10.0% due to a large variety of surface tops being introduced in modern construction projects. The Asia-Pacific region is predicted to be the largest region of growth, with an anticipated CAGR of 11%.