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Shoe Cover Market size value is slated to record significant traction between 2023-2032, powered by a broad spectrum of benefits, such as the ability to protect users from contaminants.
In recent times, the emergence of new epidemics and pandemics has spurred the number of clinical research activities and pharmaceutical production worldwide. It has fueled the need for PPE products across laboratory, cleanroom, chemical, and medical applications.
Shoe covers are extensively used in manufacturing facilities, healthcare, and food and beverage operations. The expanding food processing sector is expected to exhibit substantial demand for shoe coverings over the upcoming period. F&B companies are also experiencing a significant influx of capital from public organizations and government agencies that aim to address the growing concerns associated with food security. For instance, in July 2021, the USDA announced an investment of USD 500 million in the American Rescue Plan funds to accelerate poultry and meat processing capacity, expanding the scope of PPE use.
With regards to the application, the shoe cover market share from the healthcare segment will reach sizeable gains by 2032. This can be accredited to the increasing awareness among patients, and medical providers regarding the benefits of these materials, which include safety, greater efficiency, and reduced contamination. The continuously escalating population, particularly in developing countries, such as India and China is emphasizing the need for a robust healthcare infrastructure. This scenario is expected to fuel healthcare spending and investments over the next few years, for economic and social growth.
In the wake of the COVID-19 pandemic, the demand for personal protective equipment increased dramatically, particularly among the frontline workforce to curb the spread of the virus. The production as well as sales of PPE items including shoe covers witnessed substantial growth with rapid technological advancements. The pandemic gave rise to novel technologies such as automatic shoe cover dispensers allowing contactless usage to minimize exposure to germs.
On the regional front, the Asia Pacific shoe cover market is projected to amass considerable revenue up to 2032 owing to the booming pharmaceutical sector in the developing economies. Alongside the tremendous demand for shoe covers from APAC’s healthcare sectors, multiple governments in the region are empowering the food sector with a view to address the food requirements of their expanding population.
For instance, in 2021, the Japanese government announced multiple sustainability targets as a part of the Strategy for Sustainable Food Systems, aiming to boost food manufacturing output by nearly 30%. Furthermore, the implementation of very strict safety measures in food and beverage manufacturing facilities to prevent bacterial contamination of food will pave the way for increased product demand.
The competitive landscape of the shoe covers market constitutes MBL Impex Private Limited, AMMEX, Cordova Safety Products, Team Technologies, Inc., Kwalitex Healthcare Private Limited, Royal Shoe Covers, Nelson-Jameson, Inc., and others. These companies are focusing on mergers, acquisitions, and business expansions along with innovation and product developments to proliferate their presence across the globe.
The outbreak of the Russia-Ukraine war could lead to long-term supply chain disruptions that could affect an array of sectors worldwide. The invasion made way for issues associated with delayed transportation of goods due to closed airspace, inflation, rising fuel costs, and hindered raw material extraction for medical supplies. The world’s dependence on Russia and Ukraine to supply natural gas to manufacture pill bottles, trays, disposable containers, and syringes may hamper overall productivity, thus negatively influencing product demand.
However, the increasing readiness against unprecedented political and economic crises may help overcome the aforementioned roadblocks over the projected timeframe. Furthermore, new market entrants are designing novel products for recreational and sports applications. For instance, in December 2022, GripGrab launched new Explorer Waterproof Gravel Shoe Covers featuring waterproof technology for gravel riders. The product is designed to protect cyclists from extreme riding conditions, rains, and mud.