The Global Sustainable Footwear Market was valued at USD 7.40 billion in 2020 and is expected to be valued at USD 11.98 billion by 2028, growing at a 6.1% CAGR from 2021 to 2028.
Sustainable footwear has a fully sustainable value chain, a long life cycle, and is easy to dispose of, making it eco-friendly. It strives to incorporate environmental considerations across the footwear value chain, beginning with raw material selection and continuing through manufacture, packing, shipping, distribution, and maintenance. Among the value chain processes that distinguish organic and renewable raw resources, biodegradable materials, minimal waste and energy consumption, recyclable packaging, and eco-friendly labeling are used.
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Sustainable footwear is made primarily of recyclable waste and is manufactured in an environmentally friendly manner. As a result, these eco-friendly sneakers benefit the environment. This footwear reduces harmful waste due to the use of recycled materials. Less water and hazardous chemicals are used in the creation of sustainable footwear. Customers are increasingly favoring the use of sustainable footwear, which can be attributed to the fact that sustainable footwear is widely available through online stores. Furthermore, this sustainable footwear is widely available through a variety of sales channels, including online retailers, supermarkets, hypermarkets, specialty stores, and others, which contributes to the expansion of the sustainable footwear sector. With the rising need for a variety of footwear among youngsters, including flip-flops, sandals, and boots, producers are also working hard to keep up with the demand.
Growth Factors
Shifting lifestyles are a significant growth factor in the Global Sustainable Footwear Market. Shifting lifestyle preferences have resulted in an increased demand for appealing and exquisite footwear at reasonable pricing. Over time, the footwear business has changed and watched client trends and behaviors. In this sense, millennials’ on-the-go lifestyle has prompted businesses to increase their manufacturing capacity. Consumers want adaptability, comfort, functionality, sustainability, and performance in a range of settings, according to the NDP Group. As a result of this issue, businesses have begun to include social and environmental considerations into their innovative and sustainable footwear manufacturing.
Another element driving expansion in this market is increased public health awareness. People’s growing health consciousness and desire to stay healthy and avoid chronic diseases is driving up demand for sustainable sports footwear. Obesity and sedentary lifestyles have led people to exercise on a regular basis and participate in a variety of indoor and outdoor sports such as basketball, soccer, badminton, running, and others. All of these activities have increased consumer demand for footwear that is both comfortable and trendy, as well as long-lasting.
Key Market Players & Competitive Landscape
Some of the key players in the Global Sustainable Footwear Market are
Adidas Group, Amour Vert, Matisse Footwear, Native Shoes, Nisolo, Reformation, Rothy’s, Threads 4 Thought, Tropic feel, Veja.
While established sustainable footwear manufacturers have focused on sustainability from the start and made it a cornerstone of their business, newcomers are catching up to the sustainable footwear trend.
Adidas is developing and testing footwear made entirely from recyclable materials. Furthermore, the company has made an official commitment to use solely ecologically friendly components in its products by 2024.
Reebok has introduced a running shoe made completely of plant-based materials rather than petroleum-based materials.
The Global Sustainable Footwear Market is segmented as follows:
By Type
Athletic
Non-Athletic
By End Use
Men
Women
Children
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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