The sustainable footwear market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The footwear industry following the new trend of sustainability using traditional recycling and biodegradable technique to deliver new product innovations in the market. The growth of sustainable footwear is primarily influenced by the rising eco-consciousness across the globe. Moreover, many start-ups have emerged all across the globe in the market which is working on the sustainable footwear market in the last decade. Additionally, global brands are also planning to produce their products using sustainable ways and lean heavily towards recycled materials in the upcoming years. For instance, in 2020, Adidas AG has aimed to produce 15 to 20 million pairs of shoes using recycled plastic waste from beaches and coastal regions.
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However, the high cost associated with sustainable footwear is expected to restraint the growth of the market. In addition to this, the low awareness regarding sustainable product advantages and the lack of environmental concerns in consumers are also anticipated to challenge the growth of the sustainable footwear market during the forecast period.
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Global Sustainable Footwear Market Segmentation
By Type
· Athletic
· Non-Athletic
By End-Users
· Men
· Women
· Children
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
