Overview of Cleaning Industry
Jani-King is one of the largest commercial cleaning companies globally. It operates in over 14,000 locations across 16 countries. The cleaning industry generates over $70 billion in annual revenue. Commercial cleaning represents 10% of the industry’s revenues. The household cleaning market reached $164 billion in 2019 and is projected to hit $312 billion by 2027. Key players like Procter & Gamble, founded in 1837, lead this market. Franchises also account for a sizable segment, comprising carpet cleaners like Chem-Dry and multi-service providers like Jani-King. Companies increasingly adopt green products and processes to meet eco-demands, as clean surroundings boost productivity and wellbeing.
Leading Companies in the Industry
ABM Industries is the largest janitorial company in the US with a revenue of $6.23 billion. The US janitorial service industry has a market size of $97.6 billion. Jim’s Cleaning Group has 966 franchises in Australia across multiple market niches.
ISS of Denmark
ISS of Denmark plans to exit 13 countries, laying off about 100,000 jobs – a fifth of its workforce. It will focus more on key accounts like global banks. Founded in 1901, ISS offers cleaning and other facility services.
Innovative Approach to Ocean Cleanup
Bracenet, a German startup, collects abandoned fishing nets and turns them into bracelets, playing a key role in ocean cleanup. So far they have collected 773 tons of nets.