Tuscaloosa, AL – June 2020 – According to AFFLINK, even with the looming recession in many parts of the world, the growth of the Industrial and Institutional Cleaning Products market, also known as the Sanitation & Janitorial Cleaners market, is expected to grow by more than $16 billion (US) over the next seven years.
This will be a five percent increase, anticipating that the industry’s size by 2027 will surpass $21.4 billion (US) for professional cleaning solutions.
The study was published in June 2020 by Research and Markets, a worldwide market research organization that serves a variety of industry sectors.
One of the reasons for the cleaning solutions industry’s expected growth is the coronavirus pandemic.
“The pandemic has unleashed a series of unprecedented events affecting every industry,” according to the researchers. “The Sanitation & Janitorial Cleaners market will be reset to a new normal, which going forwards in a post-COVID-19 era, will be continuously redefined and redesigned.”
According to Michael Wilson, vice president of marketing and packaging for AFFLINK, a leading distributor-member sales and marketing organization, there likely will not be just one new normal.
“The researchers report that the industry will ‘continuously be redefined and redesigned.’ What this tells us, and what we are advising our members, is that we may have several ‘new normal’s’ in the coming years, all the result of COVID-19.’
According to the report, much of this growth will be in North America, followed by European markets, particularly Germany, and parts of Asia.
The report suggested that another change in the Cleaning Products market may be the “decoupling and economic distancing” from China, which the researchers say is increasingly blamed for the pandemic around the world.
This decoupling will likely result in new manufacturing opportunities in many parts of the world.
“If there is anything we have learned as a result of COVID is that things can change very quickly,” adds Wilson.
“While the cleaning products industry future is not necessarily ‘rosy,’ it does look like we will have solid growth for several years.
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About AFFLINK
Connecting more than 200 manufacturers of Facility Maintenance, Packaging, Safety, Office and Industrial Supply solutions with over 350 independent distribution experts, AFFLINK is, just as its name suggests – that critical link offering clients innovative products, market expertise, and improved profitability, all of which is fueled by our leading-edge information technology. For more info, visit: http://www.afflink.com/
Contact Information:
Michael Wilson, vice president of marketing and packaging
AFFLINK, LLC
1400 AFFLINK Place
Tuscaloosa, AL 35406
P: 800.222.5521
Media Contact: Robert Kravitz
Email: robert@alturasolutions.com
Phone: 312-880-8176