Friday, October 22, 2021

Disposable Slippers Market Set To Record Exponential Growth by 2030

Disposable Slippers: Introduction

  • 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.

Key Drivers of the Global Disposable Slippers Market

  • Growing health consciousness among customers is a major factor responsible for the growth of the disposable slippers market. Some of the other factors contributing to market growth are rise in tourist activities, changing lifestyles, and growth in disposable income.
  • Closed-toe disposable slippers accounted for major share in the disposable slippers market and are expected to maintain their dominance in the global market. This type of product protects 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 its demand.
  • In terms of distribution channel, the online segment is expected to expand at a higher pace globally. Companies offer mass product delivery to reach the retail market. Hospitals and hotels are shifting toward online product orders to get doorstep delivery services.

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Increasing Usage of Disposable Slippers in the Hospitality Industry to Create New Market Opportunities

  • Disposable slippers find utility in several hospitality companies. Majority of hospitals and nursing homes offer disposable slippers to patients. Furthermore, the hotel industry also adopted this product as a result of its low cost and convenience.

Usage of Low Quality Raw Material Can Hamper the Global Disposable Slippers Market

  • Poor durability and usage of low quality material may slow down the overall growth of the market during the forecast period.
  • Small scale companies use low quality raw material to bring down the cost and increase their profit margin. This factor is likely to work as a market restraint.

Asia Pacific the Dominant Market Set to Grow at a Higher Pace

  • Asia Pacific was the largest and fastest growing disposable slippers market in 2018. Growing hospitality industry in developing economies such as China and India is driving the market growth. It has been observed that consumers prefer to purchase products online and receive it at their doorstep. A large population in countries in this region is working as a positive factor in terms of demand for disposable slippers.
  • North America accounted for significant share of the disposable slippers market. Key companies operate their global business from this region. Demand for this product is expected to grow significantly in the U.S. and Canada in the coming years.

Key Players Operating in the Global Market

The global disposable slippers market is fragmented in nature. Key market participants are signing strategic partnerships and taking strategic merger and acquisition decisions to increase their global market reach. Moreover, companies manufacturing disposable slippers are investing in infrastructure improvement to compete in the market. A few of the key players operating in the global disposable slippers market are listed below:

  • Haon Group
  • Kolunhome & Jasmine
  • Universal Textiles
  • Nicely Neat
  • Huini USA Beauty

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Global Disposable Slippers Market: Research Scope

Global Disposable Slippers Market, by Product Type

  • Closed-toe
  • Open-toe
  • Flip-flop

Global Disposable Slippers Market, by End-user

  • Hotels
  • Spa centers
  • Hospitals

Global Disposable Slippers Market, by Distribution Channel

  • Online
  • Offline

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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