Global Sustainable Footwear Market- Description
Sustainable footwears are referred to as ecofriendly footwear which are made by using recyclable waste materials. They also undergo an environment-friendly manufacturing process involving the use of energy efficient power sources and less water. Moreover, these footwears do not contain any toxic chemical and hence are safe for consumers as well as the environment. The use of sandals, shoes, flip-flops, and boots, among others made of recycled materials assures lower toxic waste during the production or post use discardation.
Global Sustainable Footwear Market- Overview
The global sustainable footwear market was worth USD 7.7 billion in 2020. It is predicted that the industry will amass a valuation of USD 13.3 billion by 2030, registering a CAGR of 5.7% over 2022-2030.
The rising environment cognizance of the masses coupled with their surging per capita income levels are primarily augmenting the outlook of this industry vertical.
Furthermore, shifting inclination of the millennials toward products that are fashionable and eco-friendly at the same time is creating lucrative opportunities for the marketplace to prosper.
Also, increasing R&D investments in the field, growing focus of business players to develop high end products in the field along with rise in R&D activities worldwide are adding momentum to the expansion of this market.
Besides, surging popularity of e-commerce sales channels and rising government initiatives across various nations to promote the use of sustainable daily use products are positively influencing the dynamics of the industry.
On the contrary, lack of awareness regarding the benefits and availability of sustainable footwears among the masses is hindering the remuneration scope of the market.
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Global Sustainable Footwear Market- Key trends
Growing environment cognizance of the masses is bolstering industry growth
With rapid industrialization and urbanization, pollution levels are at a steep rise. There has been instances of climate change powered by global warming. Therefore, individuals across the globe are prioritizing the environment and doing their every bit to save mother nature. This has escalated the demand for eco-friendly goods like sustainable shoes across various nations.
Rising popularity of e-commerce shopping sites to augment industry outlook
E-commerce shopping channels are getting widely popularized. This is powered by the growing internet proliferation and widespread digitalization. Moreover, rising adoption of smartphones, tablets, and laptops among the masses has further driven the trend of online shopping. These sites display a wide range of sustainable shoes and offer lucrative discounts to the customers. Also, the doorstep delivery option proves quite convenient to the buyers since it saves them a lot of time. Thus, the increased inclination of the people toward online shopping has created robust expansion opportunities for the eco-friendly footwear market.
Global Sustainable Footwear Market- Segmental assessment
By Product Type
• Athletic
• Non-athletic
The non-athletic segment is poised to amplify notably over the estimated timeline because this segment comprises of a wide range of footwear including heels, flip flops, boots, and sandals, among others.
By Demographics
• Men
• Women
• Kids
The women segment is expected to account for a substantial volume share over 2022-2030. This is credited to the rise in the number of working women across the globe.
By Distribution Channel
• Online Stores
• Specialty Stores
• Supermarket/Hypermarket
• Others
The online stores segment is anticipated to generate significant returns over the stipulated timeline due to the increasing popularity of these stores as they offer doorstep delivery and provides a wide range of product options to the buyers.
Global Sustainable Footwear Market-Geographical Landscape
The major regions present in the business vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is predicted to capture a high revenue share over 2022-2030. This is attributable to the rising pollution levels, growing environment cognizance of the masses, and increasing R&D activities in the field.
Global Sustainable Footwear Market- Competitive Hierarchy
The prominent players characterizing the competitive terrain of this marketplace are Tropicalfeel, Adidas group, Nike, New Balance, Rothy’s, Veja, Reformation, Nisolo, Native shoes, MATISSE FOOTWEAR, Amour Vert, and Threads 4 thought.
Report scope
Global Sustainable Footwear Market: Historical Years- 2018-2021
Global Sustainable Footwear Market: Forecast Years- 2022-2030
Global Sustainable Footwear Market 2020- USD 7.7 billion
Global Sustainable Footwear Market CAGR- 5.7%
Global Sustainable Footwear Market 2030- USD 13.3 billion
Key segments reported-
• By Product Type (Athletic and Non-athletic)
• By Demographics (Men, Women, and Kids)
• By Distribution Channel (Online Stores, Specialty Stores, Supermarket/Hypermarket, and Others)
Major regions and countries covered-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Tropicalfeel, Adidas group, Nike, New Balance, Rothy’s, Veja, Reformation, Nisolo, Native shoes, MATISSE FOOTWEAR, Amour Vert, and Threads 4 thought.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Key Questions Answered in the Report:
- What will be the development pace of market? What is the growth rate of the global market?
- Who are the key manufacturers in the market space? Who are the world’s leading manufacturers?
- What are sales, revenue, and price analysis of the top manufacturers of market?
- Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
- What are the market opportunities and threats faced by the vendors in the industries?
- What are deals, incomes, and value examinations by types and applications of the market?
- What are the primary factors driving market?
- What are the market’s advantages, disadvantages, and risks, as well as an overview of the market?
- Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
- Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?
