Global Disposable Slippers Market - 2022-2029

Global Disposable Slippers Market - 2022-2029

Market Overview

Disposable slippers market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 4.9% during the forecast period (2022-2029). Disposable sleepers are a type of footwear manufactured for one time use. Companies recycle it for different purposes after it is disposed as a solid. Disposable sleepers have several advantages. They are waterproof, and provide ventilation, slip resistance, and other benefits. Many major players worldwide are providing a variety of natural and eco-friendly models made of pure natural cotton, cotton blends, and jute, which is biodegradable. The increasing demand for disposable slippers in places such as hospitals, spa centers and hotels are expected to heighten the demand for disposable slippers. In addition, adopting multiple marketing and promotional strategies by key competitors is anticipated to boost the market growth.

Market Dynamics:

Increasing demand from the hotel industry drives the market growth

The rise in health consciousness among customers, changing lifestyles, the rise in tourist activities, and the growth in disposable income are the factors that play an important role in the growth of the disposable slippers market. The lifestyle of consumers changed due to the increasing disposable income in developing countries. The number of travelers is increasing day by day due to the stressful, hectic working lifestyle, so the hotel has become their resting place during the trip. Hotels offer disposable slippers for the comfort of travelers and to release their stress. Tourists have high requirements for hotel supplies for comfort. Moreover, a number of females use hotel slippers as compared to men. Consumers of the age group ranging from 25-54 use hotel slippers more than young adults. According to the survey conducted for the usage of hotel slippers and other complimentary products by Google, 58.6% of women and 41.4% of males use and take away hotel slippers.

Increasing awareness about health and the rise in demand from the domestic and international tourism and hotel industry drive the market growth. In several hospitality companies, disposal slippers find useful. Major hospitals and nursing homes offer patients disposable slippers for comfort. Also, the hotel industry has adopted disposable slippers due to the low cost and convenience. The rising number of domestic and international tourism and the growth in the focus of hotels on hygiene encourage visitors to wear disposable slippers in high-end hotels. Frequent travelers and health consciousness tourist helps to increase the sales of disposable slippers. Moreover, adopting multiple marketing and promotional strategies and improving production methods, especially in preventing division, is anticipated to generate further opportunities for the disposable slippers market in the forecast period.

Market Segmentation:

Close toe disposable slippers segment accounted for the highest share in global disposable slippers market

In 2021, close toe disposable slippers had the highest revenue share of over XX percent. Closed-toe disposable slippers protect the foot from dust particles. Rising consumer awareness about leading a hygienic lifestyle is driving product demand. Companies are offering large varieties of closed-toe disposable slippers by analyzing their demand. Increasing demand from the spa and wellness center for close-toe disposable slippers drives the market growth. Availability of close-toe disposable slippers at low cost drives the market growth.

The online sales channel contributed the highest market share. Increase the demand for online sales due to the excellent online shopping options available with various brands and price ranges. Consumers are looking for the product available at their doorstep. Home deliveries and easy procedures for shopping drive the market growth. Hospitals and hotels are shifting towards the online sales channel due to the easy and quick service. Consumers spend money on internet buying, which has become a popular practice.

Geographical Penetration:

Asia Pacific is the dominating region during the forecast period

In 2021, Asia Pacific is expected to generate the highest market share in the forecast period. The Asia Pacific is the largest growing region of the disposable slippers market. Rising demand from the hospital industry in developing countries like India and China is driving the market growth. The large population in the country helps to increase the sales of disposable income in the region. Also increasing tourist and hotel industry in India increased the demand for disposable slippers market. According to JLL Hotels & Hospitality Group, the Asia Pacific region's total investment in hotels is worth USD 8.5 billion, amounting to 13% of total global hotel volumes. The increasing number of spa resorts in this region is fueling the growth of this market. The Asia Pacific dominated the market in 2021 due to the presence of some of the major industry players in the region. Many key players and hotel amenity suppliers, including Haon Group and Stitch India Products Company Ltd., are in this region.

North America also contributed for a significant market revenue share. Growing consumer health awareness in the region drives market growth. Major players of disposable slippers are actively working in countries like the United States and Canada.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players are Appearus Products Corp., Haon Group, Dispowear Sterite Company, Nicely Neat, Thinge Shoes Company, SYMON Surgical Corporation, Huini USA Beauty LLC, IBI Beauty and D ZEE Textiles LLC, among others. Some major key players launch new products in the market to expand their portfolio. For instance, In July 2021, Khadi launched cotton babywear, 'use and throw' slippers in India. Union Minister of India launched this product range. It is a handmade unique paper slipper. The commission has also launched Khadi's handmade paper ""use and throw"" slippers which have been developed for the first time in India. The handmade paper slippers are 100 percent eco-friendly and cost-effective. These slippers are weightless and suitable for travel and indoor usage like in home, hotel rooms, hospitals, places of worship, laboratories, etc. It is also effective from a hygiene point of view. Also, in October 2020, BC SoftWear launched biodegradable slippers made from natural coconut fibers. It is a 100 % recyclable slipper. It is made up of cream cotton canvas or jute finish, and the new slippers are made from all-natural fibers with a sole using naturally derived coir, a fiber extracted from the husk of a coconut and the sole uppers are made with natural cotton on the outside with a brushed cotton lining for comfort.

COVID-19 Impact:

Negative impact on the global disposable slippers market

Covid is impacted negatively on the disposable slippers market due to a decrease in the demand from the hotel and spa industry. Global footwear consumption fell by 22.5% in the pandemic year 2020. In Europe, the demand for footwear declined by 27%, in North America, demand for footwear declined by 21%, and in Asia-Pacific, demand for footwear declined by 20% in 2020. The Covid 19 impacted the distribution channels such as online and offline channels. The shortage of raw materials caused due to the increase in Covid cases in the main raw material exporting countries, including China, Vietnam, and India. China faced a 2.6% reduction in terry fabric exports from 2019-20. Also, the rise in environmental consciousness among consumers owing to the COVID-19 outbreak prompted using eco-friendly slippers for indoor use.Moreover, slippers that don't affect the environment are mostly used in the Covid pandemic. Increasing use of recyclable and sustainable disposable slippers, resulting in many key players launching eco-friendly disposable slippers for safety concerns. Import and export of the commodities are completely closed during the pandemic. These factors negatively impacted the disposable slippers market. Also, the product's manufacturing is stopped due to the strict government regulation all over the world for a certain period.

The global disposable slippers market report would provide an access to approximately 69 market data tables, 66 figures and 170 pages