USD 20.82 billion
Report ID:
SQMIG30L2206 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Global Commercial Cleaning Products Market size was valued at USD 20.82 billion in 2022 and is poised to grow from USD 22.84 billion in 2023 to USD 47.90 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).
The global commercial cleaning product market caters to a number of industries with its variety of cleaning chemicals and solutions. The two sectors which widely use these products are the industrial and commercial areas. These products provide several benefits, such as cleanliness, sanitation, and hygiene. These advantages are in high demand in several public spaces like restaurants, cafes, hotels, hospitals, offices, educational facilities, and more.
These products can be used to clean a number of specific surfaces and can be utilized in a number of applications. A few examples of the products that this market offers are floor cleaners, detergents, sanitizers, disinfectants, and window cleaners.
To name a few drivers of the rising demand for commercial cleaning solutions are the growing focus on maintenance of optimal hygiene and the need to offer sanitary and clean surroundings for clients, staff, and visitors. Since the COVID-19 pandemic scare and the ongoing trend of health issues, the need for effective sanitizers and disinfectants in several commercial settings is essential in order to prohibit viruses spreading.
Additionally, products which are environmentally conscious and have a minimal affect on human health, have taken a hold in the market due to the demand for green cleaning products aligned with the growing importance of ecological responsibility and sustainability. To align with this trend in the market, producers are focusing on designing and creating non-toxic and bio-based cleaning items.
The market for commercial cleaning products is highly competitive. It is led by renowned firms like Reckitt Benckiser Group PLC, Ecolab Inc., and The Procter & Gamble Company. However new market entrants have also made their mark with sustainable alternatives and there’s quite a few of these innovative emerging companies coming into the market. The commercial cleaning products market continues to be crucial for establishing hygienic and hospitable environments as industries all over the world keep prioritizing cleanliness and sanitation.
Global Market Size
USD 20.82 billion
Largest Segment
Surface Cleaners
Fastest Growth
Disinfectants and Sanitizers
Growth Rate
9.7% CAGR
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Based on Product the market is segmented as, Surface Cleaners, Disinfectants and Sanitizers, Metal Surface Cleaners, Glass Cleaners, Fabric Cleaners, Others. Based on Distribution Channel the market is segmented as, Online, Offline. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA)
Analysis By Product
The commercial cleaning products market, "Surface Cleaners" emerged as the dominating force. Surface cleaners encompass a wide range of cleaning solutions suitable for various surfaces such as floors, countertops, and walls. Their top position is a direct result of their widespread use in a variety of commercial contexts and adaptability.
In the meantime, the quickest-developing category that stands out in the global commercial cleaning product market is the "Disinfectants and Sanitizers" product category. As growing concerns about world health surface, the need for increased hygiene and sanitation fuels the demand for potent sanitizers and disinfectants. Many businesses in varying sectors like offices, hospitals, schools, and other public locations use these products to ensure there is no spreading of viruses. As a result of the recent COVID-19 pandemic, disinfectants and sanitizers have been adopted extensively around the globe, explaining this segment’s contribution to the global commercial cleaning product market.
Analysis By Distribution Channel
The global commercial cleaning product market is ruled by the offline category on the basis of distribution network, owing its dominance to consumer’s desire to shop for cleaning supplies directly from physical retail stores such as industrial supply outlets, supermarkets, and specialty cleaning supply businesses. These channels are especially convenient for bulk purchases or specific product suggestions. For the purpose of fulfilling immediate cleaning requirements, several companies have invested in this distribution channel.
However, the “Online” distribution channel is experiencing the fastest growth in the global commercial cleaning product market. The introduction of online marketplaces and widespread e-commerce platforms have changed the way consumers and businesses shop for cleaning solutions. This change in purchasing behavior can be credited to a number of factors including virtual shopping convenience, ease of product comparison, extensive reviews and product description, and how simple it is to get these goods delivered to your doorstep. After the COVID-19 pandemic, this channel saw a considerable boom as companies and individuals looked for contactless purchasing alternatives. Now that firms have realized the benefits of using digital channels to satiate their desire for efficient cleaning supplies, the online market is expected to continue on its path of exponential growth.
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Regionally speaking, North America is the leading region in the global commercial cleaning product market. This region's dominance can be attributed to its well-established business sectors, strict sanitation standards, and strong awareness of health and hygiene laws. The demand for reliable and superior quality cleaning products is driven by the region’s numerous sectors like hospitality, healthcare, corporate, and education.
The European segment of the global commercial cleaning product market slides in at a close second behind North America and is growing rapidly. The commercial sector in this region heavily concentrates on strict cleaning and hygiene laws, sustainability, and environmental awareness. Europe’s developed healthcare system, focus on cleanliness, and a thriving tourism industry are driving the substantial need for commercial cleaning solutions.
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Drivers
Hygiene and Health Awareness
Stringent Regulations
Restraints
Cost and Budget Constraints
Health and Safety Considerations
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A mix of several different market participants make up the competitive landscape of the commercial cleaning products market. These players include global leaders, specialized suppliers and distributors, and local manufacturers. Some leaders of the market are Clorox, Reckitt Benckiser, Ecolab, and Procter & Gamble.
These industry giants retain their top position in the market using their renowned brands and wide global distribution channels, along with maintaining an expansive range of product offerings. Apart from these methods, these participants also make use of several different cleaning solutions to cater to healthcare, hospitality, and education industries. These solutions include all-purpose cleaners, specialized disinfectants, and sanitizers.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Based on our analysis of the global commercial cleaning products market, the market’s rapid expansion can be attributed to changing cleaning requirements, rising hygiene awareness, and more rigid regulatory standards. North America and Europe are leading the market due to their focus on health standards and workplace safety.
Some examples of the market categories include sanitizers, specialized solutions, surface cleansers, and disinfectants, which are used by sectors such as education, healthcare, and hospitality. Market growth has been boosted due to the rise in disinfectant demand after the COVID-19 pandemic.
As the globe understands the importance of protecting the environment, commercial cleaning market manufacturers have also joined the trend. The producers are focusing on the creation of sustainable products that can help maintain a healthy environment. More companies are focusing on making cleanliness and sanitation their number one priority. Using eco-friendly methods to do so, the commercial cleaning products market rises to the tasks and satiates consumer demand for a clean and hospitable living or working space.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 20.82 billion |
Market size value in 2031 | USD 47.90 billion |
Growth Rate | 9.7% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Commercial Cleaning Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Commercial Cleaning Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Commercial Cleaning Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Commercial Cleaning Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2206
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