Disposable Slippers Market Qualitative Analysis, Product Scope, Overview, Types, Application, Key Players

Posted by Rajkumar on February 16th, 2023

Market Overview:

Disposable slippers is 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.9 trillion in 2020 (-50.4% decline), Travel & Tourism's contribution to GDP increased by US 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 4.8 % 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.