China Pvc Footwear Market Size & Outlook, 2022-2030
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China pvc footwear market highlights
- The China pvc footwear market generated a revenue of USD 9,484.7 million in 2022 and is expected to reach USD 14,995.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, shoes was the largest revenue generating product in 2022.
- Flip Flops is the most lucrative product segment registering the fastest growth during the forecast period.
Pvc footwear market data book summary
| Market revenue in 2022 | USD 9,484.7 million |
| Market revenue in 2030 | USD 14,995.3 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Shoes |
| Fastest growing segment | Flip Flops |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shoes, Flip Flops |
| Key market players worldwide | Dr. Martens PLC Ordinary Shares, Bata Corporation, Grendene, Liberty Shoes, Khadim India, Decathlon, VKC Group, Havaianas, Ajanta Shoes |
Other key industry trends
- In terms of revenue, China accounted for 14.6% of the global pvc footwear market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pvc footwear market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,607.5 million by 2030.
Shoes was the largest segment with a revenue share of 48.65% in 2022. Horizon Databook has segmented the China pvc footwear market based on shoes, flip flops covering the revenue growth of each sub-segment from 2017 to 2030.
The leisure and sportswear segment is experiencing rapid growth in China, driven by increasing consumer appreciation for comfort and a shift towards more casual and athleisure fashion trends. The combination of changing consumer preferences, fashion trends, health consciousness, and the influence of digital channels has contributed to the rapid growth of the leisure and sportswear segment in China.
Manufacturers are choosing recyclable plastics for the production of footwear, such as polyethylene terephthalate (PET) and thermoplastic polyurethane (TPU). These materials can be recycled and reused in the manufacturing process, reducing the reliance on virgin plastic.
Huafon, a prominent polyurethane manufacturer in China, showcased its innovative shoe sole made from recycled materials at the leading event for the Chinese polyurethane market, ‘PU China’ 2019. This demonstration highlighted the company's commitment to sustainability and the development of eco-friendly solutions within the footwear industry.
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PVC Footwear Market Scope
PVC Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajanta Shoes | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.ajantashoes.com |
| VKC Group | View profile | 501-1000 | Sugar Land, Texas, United States, North America | https://www.vkcsubway.com/ |
| Khadim India | View profile | 1001-5000 | Calcutta, West Bengal, India, Asia | https://www.khadims.com/ |
| Liberty Shoes | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | https://www.libertyshoes.com/ |
| Grendene | View profile | 51-100 | Orlando, Florida, United States, North America | http://www.grendeneusa.com/ |
| Bata Corporation | View profile | 11-50 | Lausanne, Vaud, Switzerland, Europe | https://thebatacompany.com/ |
| Decathlon | View profile | 10001+ | Lompret, Nord-Pas-de-Calais, France, Europe | https://www.decathlon.fr |
| Havaianas | View profile | - | Scottsdale, Arizona, United States, North America | https://us.havaianas.com |
| Dr. Martens PLC Ordinary Shares | View profile | 2584 | 28 Jamestown Road, Camden, London, United Kingdom, NW1 7BY | https://www.drmartensplc.com |
China pvc footwear market size, by product, 2017-2030 (US$M)
China PVC Footwear Market Outlook Share, 2022 & 2030 (US$M)
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