Know more about the consumer trends in European Flip Flops Market
Due to the factory lockdown and manpower shortage, production in the footwear industry has come to a halt. The virus is wreaking havoc on the economy, shutting down businesses, limiting international travel, and disrupting the production lines of major multinational corporations. When analyzing the global footwear industry in the countries, the big brands have closed their stores, and a few of them have also postponed the introduction of their new collection, lowering the demand for footwear sole material in the market. Due to COVID-19, prices of footwear sole materials were adversely affected by the downfall in demand for footwear in various industries.
The price of synthetic rubber in January 2020 was USD 201.80 million, which fell to USD 183.80 million in July 2020 when the production activity fell due to lockdown. This caused demand for synthetic rubber to decline. The price has been increasing since the lockdown restrictions have been relaxed in most places across the world, and people are getting back to their normal lives. In January 2021, the price was USD 201.20 million, which has raised to USD 228.30 USD million in July 2021.
Flip flops are incredibly lightweight and compact, which is increasing their popularity around the world. Furthermore, rising environmental issues have increased the demand for eco-friendly goods, causing manufacturers to produce more sustainable products. This will almost certainly have a positive effect on business growth.
Rubber slippers are easy to wear and user can take them, despite their unassuming, minimalist appearance.
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The demand for the Flip Flops market was valued at USD 274.6 Million in 2020 is expected to reach USD 428.4 Million in 2028 growing at a CAGR of 3.0% between 2021 and 2028.
Market Size in terms of Revenue (USD Million) and Volume(K Units) from 2016 to 2026
Historical & Descriptive Analysis from 2016 to 2020
Forecasts & Predictive Analysis from 2022 to 2026
Market Drivers, Restraints, Opportunities, & Regional Market Trends
Market Attractiveness Analysis
Segment Analysis by Region and Country
Competitive Landscape and Company Market Share Analysis
Porter's Five Forces Analysis
Value Chain Analysis
COVID-19 Impact Analysis
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