The U.S. cleaning products industry supports 64,000 jobs and has a direct impact of more than $59 billion on the economy, according to a report from the American Cleaning Institute (ACI).
The report was prepared by the Manufacturing Institute’s Center for Manufacturing Research using data from 2016 and the industry segments studied include other inorganic chemicals, other organic chemicals, and soap and cleaning compounds.
Four economic trends and developments impacting the industry:
Low unemployment and rising wages bolster purchasing power, making it easier for households to purchase a wide rand of cleaning products.
General economic health
Strong economic performance helps both consumers and business. Purchases from other industries account for 53.1 per cent of cleaning products. A recession or economic slowdown would result in reduced revenues for manufacturers.
Regulation and policy
Government regulations can have important consequences on how a product is made, marketed and sold.
Breakthroughs in science and production methods could produce valuable new products that benefit both consumers and businesses.
The study also found that approximately 53 per cent of total cleaning product sales are from purchases by other industries. When suppliers and distributors are factored in, the cleaning products industry has a total economic impact of $192 billion in output and encompasses more than 756,000 jobs.