In 2023, the production of polishes, creams, and similar preparations for footwear or leather in Italy stood at an estimated 26.315 million Euros. The forecast from 2024 to 2028 shows a steady year-on-year increase in sold production: 3.8% in 2025, 3.6% in 2026, 3.5% in 2027, and 3.3% in 2028. Over this five-year span, the compound annual growth rate (CAGR) is approximately 3.6%, indicating a positive trend in the market with gradual growth each year.
Future trends to watch for:
- Increased consumer interest in sustainable and eco-friendly polishes could drive innovation and growth in the market.
- Advancements in e-commerce and digital marketing may help manufacturers reach a broader global audience, boosting export potential.
- Rising demand for high-end and luxury leather goods may influence the market positively, fostering increased consumption of premium polishing products.
