The global shoe polish market is anticipated to grow at CAGR of 2.5% during the forecast period (2022-2028).Shoe polish is a chemical product either in the form of a waxy paste, cream, or liquid which is used for polishing and shining leather shoes to improve their appearance and extend the life of the footwear. The major factor expected to drive the market growth is its capability of replenishing fats and oils that are lost from the shoe and preventing the leather from becoming saturated with water or moisture. In addition, it supports to remove scratches, cracks, color abrasions, or coarse wrinkles from leather shoes and restores the natural appearance of leather, provides a waterproof finish, and extends the life of the shoes. These are some factors that propel the growth of the global shoe polish market during the forecast period.
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Furthermore, increasing demand for shoes by the corporate world to maintain a professional look and increase in the number of working women and school-going students across the globe have resulted in the rising sales of shoes and further support the shoe polish market to grow during the forecast period. Moreover, rise in awareness of the constantly changing shoe fashion, strong marketing strategies, endorsement of celebrities to target consumers, and the rising inclination towards purchasing a variety of shoes to match with the clothing or attire by locations and for different occasions are boosting the growth of the market. These are some factors that boost the growth of the global shoe polish market during the forecast period. Additionally, based on type, cream polish and liquid polish is expected to hold significant share in the market during the forecast period owing to the availability of cream polish and liquid polish in various colors and packaging, easy to use on formal and casual shoes, easy to carry, and other features such as water-resistance and shiny and matte finish of the polishes.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Product
- By Application
- By Location
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Cherry Blossom, Kiwi Brands Ltd., and S.C. Johnson & Son, Inc.,among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Shoe Polish Market Report by Segment
By Type
- Cream Polish
- Liquid Polish
- Wax Polish
- Others
By Product
- Shoe Shine Oil
- Shoe Leather Nourishing Cream
- Shoe Leather Softener
- Others
By Application
- Household
- Commercial
By Location
- Urban
- Rural
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Footwear Showrooms/Specialty Stores
- Online Retail
- Others
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