The Europe PVC Footwear Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030).
The introduction of mobile purchasing applications and the availability of secure and user-friendly payment gateways contribute to the expansion of the online retail industry as a whole. Independent bloggers' online shopping blogs and prominent social media platforms, like Pinterest and Instagram, have a significant impact on footwear industry trends and are anticipated to positively affect the market as well.
PVC footwear is generally more budget-friendly than other types of children's shoes. Considering that children quickly outgrow their shoes, the cost-effectiveness of PVC options is appealing to parents. PVC footwear is easy to clean and maintain. Parents can wipe off dirt and mud with a damp cloth, rendering it a practical choice for kids who frequently get their shoes dirty. PVC footwear is known for its durability and resilience.
Children are often active and rough on their shoes, and PVC footwear can withstand the wear and tear associated with energetic play. PVC footwear, particularly rain boots, offer excellent waterproof protection. This is crucial for children, especially during rainy seasons or when playing in wet and muddy environments. Parents appreciate that their children's feet remain dry and comfortable.
In Europe, the footwear industry encompasses various materials and products, ranging from men's, women's, and children's footwear to different specialized products. Accordingly, the European Union has instructed EU member states to harmonize their laws regarding labeling materials in footwear to safeguard consumer interests and reduce the risk of fraud for consumers and industry. PVC shoes have made their way into casual and formal settings, and their easy-to-clean properties have been particularly valued in times of health and hygiene concerns, such as the COVID-19 pandemic. Therefore, all these factors push the market forward in Europe.
The Germany market dominated the Europe PVC Footwear Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.7 billion by 2030. The UK market is estimated to witness a CAGR of 4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5.7% during (2023 - 2030).
Based on Product, the market is segmented into Shoes, Flip Flops, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide PVC Footwear Market is Projected to reach USD 93.5 Billion by 2030, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dr. Martens plc, Decathlon S.A. (Asociacion Familiale Mulliez) (Oxelo), VKC Group, Alpargatas S.A. (Havaianas), BATA CORPORATION, Grendene S.A., Liberty shoes ltd. (Liberty Group), Khadim India Ltd., Ajanta shoes India Pvt. Ltd., and VF Corporation.
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