Market Overview:
Disposable slippers are made of non-woven fabric or paper. It is easy to
use and are water proof. They are widely used by tourist.
Competitive Landscape:
Haon Group, Dispowear Sterite Company, Mile Stone Corporation, Stitch
India Clothing Company Pvt. Ltd., LSL Healthcare, Inc., and Mediblue Health
Care Private Limited.
Key Market Drivers:
Growing travel and tourism worldwide is driving growth of the disposable
slippers market. According to the World Travel & Tourism Council, following
a loss of almost US$4.9 trillion in 2020 (-50.4% decline), Travel &
Tourism's contribution to GDP increased by US$1 trillion (+21.7% rise) in 2021.
In 2019, the Travel & Tourism sector contributed 10.3% to global GDP; a
share which decreased to 5.3% in 2020 due to ongoing restrictions to mobility.
2021 saw the share increasing to 6.1%.
Other factors such as easy to use, non-slip, flexibility, and water
resistance is again expected to foster market growth.
Covid-19 Impact Analysis
The outbreak of Covid-19 pandemic had negative impact on the market of
travel &tourism due to implementation of lockdown policy worldwide. This
had direct impact on the demand of disposable slippers. Moreover, manufacturing
facilities were shut down in order to follow covid-19 norms, thus the market
witnessed negative growth slope.
Key Takeaways:
1.
The disposable slippers market is expected to exhibit a CAGR of % over
the forecast period owing to the strong growth in travel and tourism market
worldwide.
2. Europe is expected to witness significant growth over the forecast period and this is attributed to the strong presence of spa industry in the region.
No comments:
Post a Comment