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 per cent, according to a new study from market research firm Research and Markets.

The study found the growth is mainly attributed to rising urbanisation 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 per cent 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 per cent.

This article was first published by ISSA News

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