The market for sustainable footwear is estimated to be worth USD 7.40 billion in 2020 and USD 11.98 billion by 2028, growing at a 6.1% CAGR between 2021 and 2028.
Eco-friendly footwear has a long life cycle, a fully sustainable value chain, and is simple to discard. Raw material selection is the first step in incorporating environmental issues into the footwear value chain, which continues through manufacturing, packing, shipping, distribution, and maintenance. Organic and renewable raw materials, biodegradable materials, waste and energy reduction, recyclable packaging, and eco-friendly labeling are employed in value chain processes.
Sustainable footwear is created in an eco-friendly manner, primarily from recyclable waste. As a result, eco-friendly footwear benefits the environment. These shoes are manufactured from recycled materials, which helps to reduce waste. Sustainable footwear consumes less water and includes fewer toxic chemicals. Because ecological footwear is now available through internet retailers, consumers are progressively adopting it. Furthermore, a variety of sales channels, such as online retailers, supermarkets, hypermarkets, specialty stores, and others, make sustainable footwear easily available, contributing in the sector’s growth. Children’s footwear manufacturers are responding to rising demand for flip-flops, sandals, and boots.
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Growth Factors
A shift in lifestyle is a significant driver of growth in the global market for sustainable footwear. Lifestyle changes have increased the demand for stylish, high-quality footwear that is also reasonably priced. Consumer preferences and behaviors have compelled the footwear industry to evolve over time. Corporations have increased their manufacturing capacity as a result of millennials’ mobile lives. According to the NDP Group, consumers expect adaptability, comfort, functionality, sustainability, and performance in a range of scenarios. As a result of this problem, companies are increasingly manufacturing creative, sustainable footwear while taking social and environmental concerns into account.
Another aspect driving market expansion is increased public health awareness. People’s increasing health consciousness, as well as their desire to be healthy and avoid chronic diseases, are increasing demand for ecologically friendly sports footwear. Obesity and sedentary lifestyles have increased participation in a variety of indoor and outdoor sports, including basketball, soccer, badminton, and running. All of these activities have increased customer demand for footwear that is comfortable, trendy, and long-lasting.
Key Market Players & Competitive Landscape
Some of the major companies in the Global Sustainable Footwear Market are as follows
Amour Vert, Matisse Footwear, Native Shoes, Nisolo, Reformation, Rothy’s, Threads 4 Thought, Adidas Group Veja, you have a tropical vibe.
While established sustainable footwear producers have made sustainability a cornerstone of their business from the beginning, newcomers are catching up to the sustainable footwear trend.
Adidas is in the process of designing and testing footwear made completely of recyclable materials. Furthermore, by 2024, the corporation has made an official pledge to employ only environmentally friendly components in its goods.
Reebok has released a running shoe made entirely of plant-based components as opposed to 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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