July 8, 2024
Shoe Cover Market

The Shoe Cover Market propelled by growing focus towards hygiene and safety norms 2024-2031

The shoe cover market comprises protective flexible covering worn over shoes inside hygienic, medical and industrial facilities to prevent contamination of areas and limit spread of microorganisms. Shoe covers are commonly made using non-woven disposable materials like plastic, latex and polypropylene that are lightweight, water resistant and offer barrier protection. The growing awareness about hygiene and safety standards across industries has elevated the demand for shoe covers significantly. Stringent regulations enforced by organizations to uphold cleanroom standards are also propelling the market growth.

The Global Shoe Cover Market is estimated to be valued at US$ 121.71 Bn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the shoe cover market are Pro shoe covers, Plasti Surge Industries Pvt. Ltd., Cordova safety products, Royal shoe covers, AMMEX, mbl impex private limited, Nelson Jameson Inc, Protexer Corporation, Angiplast Pvt. Ltd., Medilivescare Manufacturing Pvt. Ltd., Kwalitex Healthcare Pvt Ltd, Crystal Hygiene, Wellmien, Premium Health Care Disposables Private Limited., AdvaCare Pharma, Bellcross Industries Pvt. Ltd., Shree Gajanand Industries, Medx Healthcare, Kiyaan Corporation. The growing awareness regarding hygiene and safety standards has significantly driven the demand for shoe covers across industries. Stringent regulations implemented by organizations to ensure cleanroom compliance have also propelled the market growth. With rising global population and health issues, demand for hygiene products including shoe covers is expected to surge in coming years, offering potential opportunities for market expansion internationally.

The Shoe Cover Market Size is witnessing high growth on the back of amplifying demand from the healthcare sector. Factors like increasing prevalence of Hospital Acquired Infections (HAIs), growing geriatric population and surging healthcare investments are fueling the demand for disposable shoe covers from hospitals and clinics. Furthermore, introduction of stringent quality standards across industries is also boosting the market. The medical sector held over 30% share of global shoe cover market in 2023. Geographically, the Asia Pacific region dominated the market and is expected grow at a CAGR of over 8% during the forecast period. Factors such as burgeoning medical tourism industry and rapidly evolving healthcare infrastructure are aiding the regional market expansion.

Market key trends

One of the major trends witnessed in the shoe cover market is the increasing focus of manufacturers on developing sustainable products. Manufacturers are innovating shoe cover materials and designs utilizing eco-friendly raw materials to curb dependency on plastic-based disposables. For instance,Pro shoe covers has launched a line of plant-based shoe covers made using renewable plant fibers that are compostable. Several firms are investing in R&D activities to produce shoe covers from agricultural waste and recycled polymers. Adoption of sustainable materials coupled with strategic partnerships with recycling companies is gaining prominence in the overall market.

Porter’s Analysis

Threat of new entrants: Low cost of investment required for shoe cover manufacturing has attracted many new players in the market however established brands have strong distribution network and customer loyalty.

Bargaining power of buyers: Buyers have moderate bargaining power as shoe covers are basic necessity offered by many manufacturers but certain premium products have customer loyalty and brand value.

Bargaining power of suppliers: Raw material suppliers have low bargaining power as basic raw materials like polymers, latex are commoditized and available from many sources.

Threat of new substitutes: No direct substitutes exist for shoe covers however other footwear may reduce need for shoe covers in certain environments.

Competitive rivalry: Intense competition exists among established brands to capture greater market share through product innovations, marketing initiatives and expansion into new geographies.

Geographical Regions

North America region currently holds the largest share in the global shoe cover market in terms of value due to stringent hygiene and safety regulations in healthcare and food processing industries in US and Canada.

Asia Pacific region is projected to witness fastest growth during the forecast period owing to rapid infrastructural development, growing healthcare sector and stringent implementation of safety & hygiene protocols across industries in major countries like India and China.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.