According to MarketsandMarkets, the global market for commercial laundry offerings, including tags, readers, software and system integrator services, is expected to grow at a compounded annual rate of 12.9 percent from 2020-2025. This growth is driven by the expanding hospitality market and health care facilities requiring management of everything from bedsheets to medical staff uniforms. COVID-19 has also led to a steep rise in the demand for clean and sanitized textiles, driving significant growth in the commercial laundry business worldwide.
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Source: businesswire.com