This report provides exclusive insights into the COVID-19 impact on the Shoe Polish Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Shoe Polish Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Shoe Polish Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
shoe polish market provides in-depth analysis of segments and sub-segments in
the global as well as regional shoe polish market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional shoe polish market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global shoe polish market. According to the report, the global shoe polish
market is projected to grow at a CAGR of 2.75% over the forecast period of
Shoe polish is a material used for polishing, shining,
softening and waterproofing the shoes, so that shoes last longer and appear
better. Shoe polish is available in paste, cream and liquid form. They are made
from wax, mineral oils, collagen, and other chemicals. Bull shine, high gloss
shine, and spit shine are popular shoe shine modes. Shoe polish contains
certain oils which keep the leather fiber flexible and slows down the oxidation
process of leather. Gum Arabic is a viscosity stabilizer utilized for coloring
purposes. Shoe polish helps in maintaining the shoe leather in good condition.
Shoe paste is a wax based polish that has more wax content and lesser oil
content. Liquid shoe polish is more suitable for shoes made from synthetic
Increasing sales of liquid shoe polish and product
innovation drive the growth of the shoe polish market. Changing fashion trends
and the use of multiple shoes for different occasions increase the sales of
shoes worldwide and this is further boosting the demand for shoe polish market.
Increasing the use of formal shoes by professionals is another factor
responsible for the growth of the shoe polish market. Further, increasing
demand for products such as moisturizers and conditioners for shining the
non-leather based shoes are enhancing the growth shoe polish market. Increasing
demand for liquid spray shoe polish for both leather-based and synthetic
materials based shoes are positively supporting the growth for shoe polish
market. Besides, the higher price of raw materials and the availability of
counterfeit products are major restraints for the global shoe polish market.
Moreover, the development of new smart materials for shoes that resist the oil,
water, chemicals, dirt and other materials are anticipated to provide a major growth opportunity for the shoe polish market in the near future.
Among the geographies, Asia-Pacific is the largest and the
fastest growing region for the shoe polish market followed by Europe and North
America. The presence of a huge population, the influence of western lifestyle,
an increasing number of professionals and increasing demand for shoes are the
major factors that drive the growth of the Asia-Pacific shoe polish market.
Besides, Europe and North American markets have a steady demand for shoe polish
and it is expected to sustain the growth of those markets. The African region
is anticipated to grow significantly during the forecast period, as economic
prosperity in many emerging countries is making shoes affordable for many
The report on global shoe polish market covers segments such
as type, product, and end user. On the basis of type, the sub-markets include cream polish, liquid polish, and wax polish. On the basis of product, the
sub-markets include shoe shine oil, shoe leather nourishing cream, and shoe
leather softener. On the basis of end user, the sub-markets include commercial,
household, and other end users.
The report provides profiles of the companies in the market
such as Cherry Blossom, Cadillac Shoe Products, Inc., Griffin Shoe Care, Kiwi
Brands Limited, Lexol, Moneysworth & Best, TRG Shoe Cream, Shinola, Tarrago
Brands International, Angelus Shoe Polish, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings
an insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of shoe polish market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.