Commercial Cleaning Products Market Size Worth $36.3 Billion By 2028: Grand View Research, Inc.

SAN FRANCISCO, Jan. 18, 2022 /PRNewswire/ -- The global commercial cleaning products market size is anticipated to reach USD 36.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 9.7% from 2021 to 2028. The rapid and increasing urbanization across developing economies is a prominent factor leading to a positive market scenario for commercial cleaning products. In line with this, growing investments by countries in constructing office buildings, hotels, retail stores, malls, hospitals, and other commercial infrastructure will result in the subsequent demand for various types of cleaning products.

Key Insights & Findings from the report:

• The surface cleaners product segment accounted for the largest share of 44.0% in 2020 and is expected to expand at a CAGR of over 10.0% during the forecast period
• The offline segment accounted for the largest share of 81.7% in 2020 and is estimated to ascend with a CAGR of over 9.0% during the forecast period
• Asia Pacific is expected to expand at the fastest CAGR of over 11.0% during the forecast

Read 97 page market research report, "Commercial Cleaning Products Market Size, Share & Trends Analysis Report By Product (Surface Cleaners, Metal Surface Cleaners, Glass Cleaners Fabric Cleaners), By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

Moreover, a large variety of surface tops are being introduced, including natural stones, solid surfaces, engineered stones, concrete, ceramic tiles, laminates, wood, and glass, and these are gaining popularity across sectors. Different surface materials require different cleaning solutions. This scenario is expected to result in the growing adoption of different surface cleaners over the forecast period.

Additionally, during the forecast years, cleaning products that act as disinfectants and sanitizers are likely to see a significant increase in demand from well-publicized epidemics, such as the Ebola virus, swine flu, and most recently the Zika virus, which can spread more rapidly across the world. Consequently, healthcare facilities, hotels, tourist destinations, offices, and educational institutions are witnessing rising applications of these products.

Furthermore, there has been a paradigm shift in terms of economic growth from the West to potential emerging markets in the past decade. This has substantially increased the growth of new businesses across the globe. Regions with prominent developing countries, such as Asia Pacific, have seen decent economic growth owing to improved infrastructure and lighter regulations.

Market Segmentation:

Grand View Research has segmented the global commercial cleaning products market based on product, distribution channel, and region:

• Commercial Cleaning Products Outlook (Revenue, USD Million, 2016 - 2028)
• Surface Cleaners
• Metal Surface Cleaners
• Glass Cleaners
• Fabric Cleaners
• Others
• Commercial Cleaning Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
• Online
• Offline
• Commercial Cleaning Products Regional Outlook (Revenue, USD Billion, 2016 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• France
• Sweden
• Asia Pacific
• China
• India
• South America
• Brazil

List of Key Players of the Commercial Cleaning Products Market

• Diversey, Inc.
• Ecolab Inc.
• 3M
• The Clorox Company
• SC Johnson
• Medline Industries, Inc.
• The Procter & Gamble Company
• Unilever Plc
• Betco
• Lonza Group AG

Check out more studies related to cleaning products & home care, published by Grand View Research:

• Natural Household Cleaners Market – The global natural household cleaners market size was valued at USD 3.7 billion in 2018. Rising awareness regarding health and hygiene, coupled with environmental effects associated with the harmful chemicals present in the cleaning products, is anticipated to a key factor for the market growth over the forecast period.
• Carpet Cleaning Products Market – The global carpet cleaning products market size was valued at USD 1.4 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2019 to 2025. Rising consumer inclination towards hygiene and cleanliness is a key factor driving demand for carpet cleaning products over the forecast period.
• Home Care Contract Manufacturing Market Procurement Intelligence – The contract manufacturing market for homecare products is highly fragmented with suppliers present across different regions. Moreover, the low switching costs associated with manufacturing have led buyers to have moderate bargaining power over suppliers. However, training and product testing costs may increase in case a new supplier is appointed.

Browse through Grand View Research's coverage of the Global Homecare & Decor Industry.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.