Market revenue in 2022 | USD 15,099.7 million |
Market revenue in 2030 | USD 22,298.8 million |
Growth rate | 5% (CAGR from 2022 to 2030) |
Largest segment | Shoes |
Fastest growing segment | Flip Flops |
Historical data covered | 2017 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 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 |
Shoes was the largest segment with a revenue share of 42.59% in 2022. Horizon Databook has segmented the Europe pvc footwear market based on shoes, flip flops covering the revenue growth of each sub-segment from 2017 to 2030.
Many footwear companies, including Decathlon SE, Dr. Martens, Crocs, Inc., Bata Corporation, Zaxy, and others in Europe, have started incorporating recycled materials, including recycled plastics, in their products. This trend aligns with the circular economy principles and addresses concerns related to plastic waste.
By utilizing recycled plastics in footwear production, companies aim to reduce their environmental footprint and meet the growing demand for sustainable products. To attract consumers and remain competitive, PVC and plastic footwear manufacturers focus on design and style innovation. They are introducing trendy designs, patterns, and colors to appeal to a wide range of consumers.
Customization and personalization have become popular trends across the footwear industry, including PVC and plastic footwear. International and local brands across Europe offer customization options where consumers can select colors, patterns, and accessories to create personalized plastic footwear.
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