What is Sustainable Footwear Market Scope?
Sustainability is currently a buzzword in the fashion world, and the trend is also spreading in the shoe industry. Shoes account for a fifth of the environmental impact of the entire clothing industry. Every year over 700 million tons of CO2 are created as a by-product of production and raw material extraction. As social conscience becomes a bigger platform for innovation and fuel to make improvements in the footwear industry, NPD data shows that 36% of people ages 18 to 34 have recently shopped for the social position of brands to support. This creates a significant opportunity for brands to capture the value of increasingly conscious customers. Companies have to be forward-looking and have an ecological and social responsibility to be successful soon. Customers, who represent the largest customer base, prioritize these issues, and companies need to over-communicate their market position to keep it in the growing and changing sustainable footwear market.
The Sustainable Footwear market study is being classified by Type (Athletic and Non-Athletic) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Sustainable Footwear market throughout the predicted period.
Tropicfeel (Spain), Puma (Germany), Adidas Group (Germany), Nike (United States), New Balance (United States), Rothy’s (United States), Veja (France), Reformation (United States), Nisolo (United States), Native shoes (Canada), MATISSE FOOTWEAR (United States), Amour Vert (United States) and Threads 4 thought (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Sustainable Footwear market by Type, Application and Region.
On the basis of geography, the market of Sustainable Footwear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In April 2019, Adidas had launched its fully recyclable Futurecraft Loop sneaker line with a climate-neutral style. This innovation was aimed at GenZ and Millennials who are aware of the concept of sustainability and prioritize it more than previous generations.
Influencing Market Trend
- Growth in Rapid Urbanization
- Growing Popularity of Sustainable Athletic Footwear Appeal
- The Rising Trend of On-The-Go Lifestyle among Millennials
- Growing Awareness among Consumers
- Rising Number of Youngsters Globally
- Increasing Disposable Income
- The Growing Influence Of Latest Fashion Trends
- Increasing Health Consciousness
- Growing E-Commerce Industry
- Advancements in the Sustainable Space, Along With Material Processing Technology and Functionality
- Lack Of Proper Infrastructure for Recycling or Repair
- Raw Materials Required To Manufacture Sustainable Footwear Are Relatively Expensive Than Others
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Sustainable Footwear Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Sustainable Footwear market expands?
The Global Sustainable Footwear market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Sustainable Footwear market?
The prominent players of Global Sustainable Footwear market are Tropicfeel (Spain), Puma (Germany), Adidas Group (Germany), Nike (United States), New Balance (United States), Rothy’s (United States), Veja (France), Reformation (United States), Nisolo (United States), Native shoes (Canada), MATISSE FOOTWEAR (United States), Amour Vert (United States) and Threads 4 thought (United States), to name a few.
3. What are the top priorities to focus for Sustainable Footwear market’s growth?
In this highly competitive & fast evolving Sustainable Footwear industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.