In 2023, the market size value per capita for footwear with outer soles and uppers of rubber or plastics in the UK stood at $48.1. The forecast data from 2024 to 2028 indicates a declining trend, with a year-on-year percentage decrease from 2024 onwards as follows: -0.73% (2025), -0.74% (2026), -0.72% (2027), and -0.73% (2028). This results in a compound annual growth rate (CAGR) of approximately -0.73% over the five-year forecast period.
Future trends to watch for include:
- Emergence of sustainable materials in footwear production, potentially altering market dynamics.
- Technological advancements in manufacturing processes and supply chain efficiencies.
- Consumer preference changes towards eco-friendly and technologically integrated footwear options.