DISPOSABLE SLIPPERS MARKET ANALYSIS

Disposable Slippers MarketSize and Trends

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.

Market Outlook

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.