Market Insights Consumer Home & Laundry Care

Polishes, Room Scents & Insecticides - Sri Lanka

Sri Lanka

In Sri Lanka, the revenue in the market segment Polishes, Room Scents & Insecticides market is estimated to reach US$54.48m in 2024.
It is projected to have an annual growth rate of 3.58% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market segment, with US$4,763m in 2024.
In terms of per person revenues, in Sri Lanka generates approximately US$2.48 per capita in 2024.
The demand for natural and eco-friendly room scents and insecticides is on the rise in Sri Lanka, driven by increasing awareness of health and environmental concerns.

Key regions: Indonesia, Australia, Canada, India, Worldwide

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Methodology

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.