Sustainable Footwear Market Share, Growth Forecast Global Industry Outlook 2016 - 2030
Sustainable footwear is defined as footwear made from a whole sustainable value chain that has a long lifespan and is simple to discard, proving to be environmentally benign. It strives to incorporate environmental considerations throughout the whole footwear value chain, including raw material selection, manufacture, packaging, shipping, distribution, and maintenance. Some of the value chain activities that differentiate from conventional footwear include the selection of raw materials such as materials from organic and renewable sources, biodegradable materials, manufacturing with minimal waste and energy consumption, recyclable packaging, and eco-friendly labels. So, the production of sustainable footwear involves integrated procedures that benefit the environment.
Over the years, sustainability has been seen as a major trend. Numerous specialists concur that production innovations will keep gaining ground in this area. Nike and Adidas, two well-known market players, made a contribution to sustainable production techniques by reducing labour expenses and waste. Additionally, digitization enables the production of footwear samples made of better materials and the use of a 3-D printer to simulate the production of a single shoe in many shapes, patterns, and colours.
The term "sustainability" has recently gained popularity in the fashion industry, and it is also taking over the footwear industry. With almost 700 million metric tonnes of CO2 produced annually as a result of its manufacture and the extraction of its raw materials, footwear represents a fifth of the environmental effect caused by the entire garment industry.
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Global Sustainable Footwear Market- Segmental assessment
By Product Type
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.
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
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.
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• The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Sustainable Insulation 2015-2020, and development forecast 2021-2026 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2019.
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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?
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