Disposable slippers are designed for a single use after which it is disposed as a solid waste or recycled. The production of disposable slipper is easier due to its fixed size. The disposable slippers have a variety of strengths such as waterproof, slip resistance, ventilation, and others. This slippers are used in spa centers, hotels, hospitals, residential buildings, and others.
Drivers and Restraints
Increasing demand for disposable slippers, owing to various advantages offered by it such as comfort, non-slip, water resistance, no fabric direction, flexibility, light bent, and others is projected to fuel disposable slippers market growth. Furthermore, increasing tourist activities are propelling demand for disposable slippers. According to World Travel & Tourism Council (WTTC), in 2016, the total contribution of travel and tourism to GDP was US$ 7,613.3 bn in 2016, and is expected to increase up to US$ 11,512.9 bn by 2027.
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However, the easy availability of the counterfeit products and its low cost as compared to the branded slippers is negatively impacting the growth of disposable slippers market size. Furthermore, various disadvantages associated with disposable slippers, which includes poor durability, textile fabric strength, cannot be washed like other fabrics, and others is hindering the growth of this market.
Disposable Slippers Market Analysis
Among application, hotel segment is expected to witness significant growth in the market over the forecast period. This is attributed to presence of various manufacturers focusing on designing new slippers in this segment. For instance, in February 2017, Manolo Blahnik designs slippers for guest of Four Seasons Hotel Milano. Furthermore, the hotel rest assured to choose clean disposable slippers as the customers like to wear comfortable, hygienic and clean slippers, which in turn is propelling growth of the hotel application segment.
Online channels segment is significantly gaining traction and is expected to witness high growth over the forecast period. This is attributed to online channels offering a wide range of products through a single website and option such as free delivery along with various discounts. According to Coherent Market Insights, the global online retail segment was valued at US$ 2,171.22 billion in 2016 and is expected to reach US$ 9,572.96 billion by 2025.
Europe is anticipated to witness significant growth in global market over the forecast period. Furthermore, increasing number of spa resorts in this region is fueling the growth of this market. According to the European Spa Association, Europe has over 1200 medical spa and health resorts in the region. European tourism statistics stated that over the period of 2006-2015, the average stay at tourist accommodation increased by 22%.
North America is projected to grow at significant rate in global market and is expected to continue dominance over the forecast period. This is attributed to growing awareness among consumers related to health and increasing health expenditure. According to the Centers for Disease Control and Prevention (CDC), in 2015, the total national health expenditures was US$ 3.2 trillion in U.S. and as a percentage of GDP was 17.8% in the same year.
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Key players are focused on adopting various organic and inorganic growth strategies such as mergers and acquisitions, joint ventures and partnerships, and product or technological innovations to retain position in the market. For instance, Yadi Moth made Slip N’ Toss disposable biodegradable sandals for barefeet protection designed for all shoe emergencies. This sandals are shrink wrapped, tri folded, compact and easy to carry.
Some of the leading players operating in the global disposable slippers market include Haon Group, Dispowear Sterite Company, Mile Stone Corporation, Stitch India Clothing Company Pvt. Ltd., LSL Healthcare, Inc., and Mediblue Health Care Private Limited.
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