Global Sustainable Footwear Market Projected Growth at 6.4% CAGR Driven by Rising Demand for Eco-Friendly Footwear | Future Market Insights, Inc. [Yahoo! Finance]
Allbirds, Inc. (BIRD)
Company Research
Source: Yahoo! Finance
NEWARK, Del, Sept. 25, 2024 (GLOBE NEWSWIRE) -- The global sustainable footwear market is predicted to grow at an impressive compound annual growth rate (CAGR) of 6.4% over the next decade. With a starting valuation of USD 9,784.7 million in 2024, the market is expected to nearly double, reaching a substantial USD 18,247.9 million by 2034. This growth reflects the increasing consumer demand for eco-friendly and ethically produced footwear. Key Drivers of Market Growth Rising Environmental Awareness Consumers today are more conscious of their environmental footprint than ever before. A growing focus on sustainability and responsible consumerism has significantly increased the demand for eco-friendly alternatives in the footwear industry. Many brands are transitioning to using biodegradable, recycled, or sustainably sourced materials in their products. Innovation in Materials and Production Sustainable footwear brands are pioneering innovative solutions to reduce waste and ca
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