Laundry Services Procurement Intelligence To Grow Substantially At A CAGR Of 7.0% Till 2030
Laundry Services Procurement Intelligence The global laundry services category is anticipated to grow at a CAGR of 7.0% from 2023 to 2030. Growth of the category can be attributed to rising demand from the hospitality & healthcare sector, consumer prioritization for well-maintained and clean garments, rapid urbanization, rise in disposable income, and emergence of online and on-demand laundry services. Moreover, the category is witnessing an increase in end-usage among restaurants, educational establishments such as schools and colleges, and salons. For instance, in hotels and hospitals, it is crucial to maintain immaculate uniforms and linens, due to stringent hygiene and quality standards. Outsourcing laundry services provides several benefits to end-users such as cost savings, time efficiency, and compliance to safety regulations (e.g., using authorized cleaning agents). Few of the key challenges in this category include equipment management (e.g., replacing a...