Polishes, Room Scents & Insecticides - G7

Highlights

In 2024, the revenue in the Polishes, Room Scents & Insecticides market in G7 amounts to US$9.48bn.
It is projected to have an annual growth rate of 2.67% (CAGR 2024-2029).
Among the G7 countries, United States generates the highest revenue with US$5bn in 2024.
When considering the population, the per person revenue in 2024 is US$12.18.
United States: The demand for natural and eco-friendly room scents and insecticides is growing rapidly in the United States market.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Polishes, Room Scents & Insecticides Market within Home & Laundry Care in G7 nations is experiencing mild growth, influenced by factors such as evolving consumer preferences, sustainable product demand, and increased focus on home hygiene and ambiance enhancement.

Customer preferences: Consumers are increasingly prioritizing eco-friendly and sustainable products in the Polishes, Room Scents & Insecticides Market, reflecting a growing awareness of environmental issues and health concerns. This shift is especially pronounced among younger demographics, who favor brands that promote natural ingredients and ethical sourcing. Additionally, the rise of remote work has heightened the focus on creating inviting home environments, driving demand for room scents that enhance ambiance. Cultural nuances also play a role, as diverse scent preferences shape product offerings in G7 nations.

Trends in the market: In G7 countries, the Polishes, Room Scents & Insecticides Market is experiencing a notable shift toward eco-friendly and sustainable products, driven by heightened awareness of environmental and health issues. Younger consumers are increasingly drawn to brands that emphasize natural ingredients and ethical sourcing, influencing product development and marketing strategies. Additionally, the rise of remote work has intensified the demand for room scents that foster inviting home environments. These trends suggest a growing market for sustainable offerings, compelling industry stakeholders to innovate and adapt to changing consumer preferences while navigating cultural scent nuances across regions.

Local special circumstances: In France, the Polishes, Room Scents & Insecticides Market is notably influenced by strict regulatory standards focused on environmental safety and consumer health. French consumers exhibit a strong preference for artisanal and locally sourced products, driving brands to highlight their sustainability credentials and natural formulations. Meanwhile, in Japan, cultural traditions emphasize cleanliness and aromatic experiences, leading to a demand for subtle, sophisticated room scents that resonate with local tastes. These regional factors uniquely shape product offerings and marketing strategies in the G7 landscape.

Underlying macroeconomic factors: The Polishes, Room Scents & Insecticides Market within the Home & Laundry Care sector is significantly shaped by macroeconomic factors such as consumer spending trends, environmental regulations, and health awareness. In countries like France, strong national economic health and fiscal policies promoting green initiatives enhance demand for eco-friendly products. Conversely, in Japan, a stable economy and high disposable income encourage consumer investment in premium, artisanal scents. Additionally, global trends toward sustainability and wellness are prompting brands to innovate in product formulations and marketing, aligning with shifting consumer preferences for natural and effective solutions.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on home and laundry care products. The market encompasses cleaning products designed for private households, including laundry care, household cleaners, dishwashing detergents, and polishes, room scents & insecticides.

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.