Contract Cleaning Services Market To Grow
Between 2020 to 2024 factors such as increasing demand for cleaning services from commercial office buildings and healthcare organizations will play a significant role in the commercial segment to maintain its market position, according to a press statement highlighting research from ReportLinker. However, low penetration rate in developing economies, slowdown in industrial sector growth, and fragmented nature of the market may hamper the growth of the contract cleaning services industry over the forecast period.
Rising awareness about workplace wellness and sustainability organizations across the world are increasingly focusing on creating a healthier work environment for employees to enhance their productivity. Moreover, companies are increasingly outsourcing their cleaning services as it offers advantages such as ease of management and cost-effectiveness, the report found.
The use of contract cleaning services also helps organizations to adopt a holistic approach to keep their offices cleaner, healthier, and greener. This rising awareness about workplace wellness and sustainability will lead to the expansion of the global contract cleaning services market at a compound annual growth rate of almost five percent during the forecast period.
The adoption of green cleaning products is identified in the report as one of the critical contract cleaning services market trends contributing to market growth. Chemicals like carcinogens, hormone disruptors, and allergens present in cleaning products are harmful to individuals as well as the environment. Thus, the demand for green cleaning products is increasing as they are cost-effective and do not lead to environmental pollution. Moreover, green cleaning services involve the use of cleaning products that are derived from natural essential oils and are non-toxic and biodegradable. This development is expected to have a positive impact on the overall market growth.
Read ReportLinker’s full report here.
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