Agra Footwear Expo’s Post

India's #footwear market, valued at $26 billion, is forecast to reach $90 billion by 2030, driven by a surge in non-leather footwear demand and a shift in #leather shoe production. India is the second-largest global footwear producer. The country’s domestic spending on footwear is low, but trends show a growing preference for non-leather options. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d3XDTDNN

𝐅𝐚𝐬𝐡𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞: 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐨𝐭𝐰𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 The global footwear market is likely to be fueled by the rise in demand for fashionable and cutting-edge footwear. Market participants are switching from traditional leather to natural and recyclable raw materials in the production of footwear due to the rising demand for environmentally friendly products across the globe. Emerging economies are concentrating on boosting their market share by increasing their focus on several programs. #share #footwear #retail #sandals #shoes #footwearfashion #footwearindustry

Indian pitch becomes more favorable for the Footwear Industry - Highlighting the key developments in Indian Footwear Industry. 💡 With China +1, Implementation of BIS, and the recent TN Global Investors summit to provide a level playing field for both domestic and global footwear brands. 💡India is 2nd largest producer of footwear, with 10% of the global share, whereas China dominates the industry by more than 55%. Non-leather footwear industry is about 60% of the total footwear industry, with a market size of 1.05 Lakh Cr by 2026, growing at a rate of 10% CAGR. 💡The recent TN global investor summit brought the deal worth more than 3500Cr, excluding the 400cr investment from Crocs at preambular. Last year alone key players like Pou Chen, Feng Tay, and Kothari Phoenix Group signed investments worth Rs 6,000 crore for setting up non-leather footwear manufacturing units which is a strong road for the non-leather footwear industry in TN which currently contributes more than 45% of exports in the leather footwear sector. 💡Most of the investments are in non-leather footwear where 95% of production falls under MSME, which is the backbone of the Indian economy which generates 1/3rd of manufacturing output and employment. 💡As per the DPIIT report, for every 1000 pairs produced and sold in India per day, the sector generates about 425 jobs directly and indirectly. 💡The demand for non-leather footwear is largely driven by the recent consumer shift towards health & fitness, coupled with casual appeal esp from Gen Z and Alpha who make fashion statements with their appeal, increasing the demand for Sports shoes, casual sneakers, and Soft EVA(Ethyl Vinyl Acetate) categories. With mass brands like WalkaroO, Paragon, Relaxo & VKC set to witness the healthy competition, the business landscape looks promising with strong and stable policies ahead. #industryinsights #TNGIM2024 #msme #footwearindustry #walkaroo

Sachin Joseph, executive vice-president of Paragon Footwear on the five-decade-old brand’s journey, success mantras and future aspirations. Click on the link below to know more... Ravi Modi I Navin Thomas I Shawn Chandy I Yashkumar Sotta I Nakhul Joseph #paragon #paragonfootwear #footwearbrand #footwearindustry #chappal #shoes #footwearfashion #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing