Market revenue in 2022 | USD 2,785.9 million |
Market revenue in 2030 | USD 4,379.5 million |
Growth rate | 5.8% (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 |
Shoes was the largest segment with a revenue share of 42.91% in 2022. Horizon Databook has segmented the UK pvc footwear market based on shoes, flip flops covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for PVC recyclable footwear in the U.K. has been steadily increasing as consumers become more environmentally conscious and seek sustainable options. The desire to reduce waste and minimize the environmental impact of footwear has driven the demand for PVC recyclable footwear in the U.K. market.
n the U.K. flip-flops market, rising competition and evolving consumer demands are likely to encourage manufacturers to offer personalized products. The manufacturers focus on providing a wide range of customization options, including unique designs, patterns, colors, and even personalized text or images.
The U.K. government has been implementing initiatives and regulations to promote sustainability and reduce waste. This includes campaigns to raise awareness about recycling and circular economy practices. These efforts have influenced consumer behavior and encouraged them to choose PVC recyclable footwear as a more sustainable option.
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