Cleaning Services Market Could Reach $27B by 2028
Sophisticated cleaning technologies and tools appear to be one reason for the growth.
According to a global study by SkyQuest Technology Consulting Pvt. Ltd., the worldwide cleaning services market size, estimated at US$168.34 billion in 2021, is anticipated to surpass $276 billion by 2028, a compound annual grown rate (CAGR) of 6.5.
The commercial cleaning segment is expected to experience the fastest growth rate, reaching a 58% market share by 2028. Europe and Asia Pacific are predicted to grow at the highest rates, with respective CAGRs of 8.1% and 7.4%. The study also predicted that the rise in demand for cleaning services would create 5% year-on-year employment annually.
The report noted the advancement of commercial cleaning technologies, particularly automation, as one of the reasons for the predicted growth. Other key factors included consumers’ concern over workplace hygiene, employee well-being, and sustainability, as well as the increase in residential and commercial building construction.
Sodexo Extends Contract With BASF
Sodexo has secured a two-year contract extension with multinational chemical company BASF.
The deal calls for Sodexo to provide a range of facility management services to six BASF sites located throughout the United Kingdom and Ireland, including the company’s regional headquarters in Stockport, England.
Under the terms of the contract, Sodexo will provide environmental, health, and safety (EHS) services; technical and maintenance services; cleaning, security, reception, and visitor management; and remote maintenance. Sodexo has been contracted by BASF for more than three decades.
“We have a long-standing partnership with BASF here in the UK and Ireland with similar corporate values on treating those we employ with respect, a commitment to ensuring our businesses have a positive impact on local communities, and a strategy to limit the impact our operations have on the planet,” said Julie Ennis, CEO of corporate services at Sodexo UK & Ireland.