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Contract Cleaning Services Market Share, Latest Trends, Key Insights, Segments And Forecast To 2032
Contract Cleaning Services Market Analysis
The Business Research Company's Contract Cleaning Services Global Market Report 2023 identifies increasing construction activities as the major driver for the contract cleaning services market's growth in the forecast period. Construction refers to the actions involved in installing and assembling project tools and materials on the work site following approved construction plans, guidelines, and specifications. Professional cleaning services can help remove debris, dust, and other hazardous materials that may pose a risk to health and safety. Hiring a contract cleaning service can help save time, effort, and energy that can be better used in other aspects of the project.
The global contract cleaning services market is expected to grow from $345.85 billion in 2022 to $368.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The contract cleaning services market is expected to reach $479.51 billion in 2027 at a CAGR of 6.8%.
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Major competitors in the contract cleaning services market are Sodexo SA, ISS Facility Services Inc., ABM Industries Inc., Mitie Group PLC, ServiceMaster Co, Planned Companies, KBS LLC, Pritchard Industries Inc., FBG Service Corporation.
A key trend in the contract cleaning services market includes green cleaning. Major companies operating in the contract cleaning services market are adopting green cleaning to meet specific demands and sustain their position in the market. For instance, in October 2022, Betco Corporation, a US-based chemical and equipment manufacturer, in partnership with EnviroZyme, a US-based manufacturer of biological technologies, launched EnviroZyme probiotic solutions. This probiotic cleaning program replaces harsh, traditional cleaning chemicals with natural, non-toxic, and biodegradable formulas that are safe for the environment.
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The contract cleaning services market is segmented -
1) By Service Type: Window Cleaning, Floor And Carpet Cleaning, Upholstery Cleaning, Construction Cleaning, Other Services
2) By Ingredient: Surfactants, Solvents, Chelating Agents, pH Regulators, Solubilizers Or Hydrotropes, Enzymes, Other Ingredients
3) By End-User: Residential, Industrial, Healthcare And Medical Facilities, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the contract cleaning services market.
The Business Research Company's "Global Contract Cleaning Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Contract Cleaning Services Market Include:
1. Executive Summary
2. Contract Cleaning Services Market Characteristics
3. Contract Cleaning Services Market Trends And Strategies
4. Contract Cleaning Services Market - Macro Economic Scenario
…..
32. Global Contract Cleaning Services Market Competitive Benchmarking
33. Global Contract Cleaning Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Contract Cleaning Services Market
35. Contract Cleaning Services Market Future Outlook and Potential Analysis
36. Appendix
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