Trends in terms of floor materials in Peru point towards a growing preference for porcelain tiles and laminate sheets over options such as traditional parquet which could inhibit the growth of floor polish. The former options mentioned are much simpler and more practical to clean, which is also more economical for consumers as they do not need to use floor wax or even floor polish, as they would with parquet.
In Peru, a growing number of workplaces are adopting a more casual approach to workwear and this is likely to have a significant impact on the future of shoe polish. As it becomes more acceptable for men and women to wear casual footwear such as trainers and sandals for all occasions this could limit the demand for shoe polish.
Consumer spending behaviour is likely to come under scrutiny with the Peruvian government announcing in the second half of 2023 that the country had entered a period of recession. This could, however, serve as an opportunity for economy brands and private label to claim a greater share in the market by offering quality products but at more affordable prices.
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Understand the latest market trends and future growth opportunities for the Polishes industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Polishes industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of shoe, floor, furniture and metal polish.See All of Our Definitions
This report originates from Passport, our Polishes research and analysis database.
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