Flip Flops Market Size, Share, Growth Analysis, By Type(EVA, PVC, Rubber, EVA+Rubber), By End-user(Male, Females), By Distribution channel(Online, offline), By Region - Industry Forecast 2024-2031

Global Flip Flops Market size was valued at USD 19.44 Billion in 2019 and is poised to grow from USD 20.24 Billion in 2023 to USD 27.91 Billion by 2031, at a CAGR of 4.10% during the forecast period (2024-2031).

Flip-flops are a type of light sandal, typically worn as a form of casual footwear. They consist of flat sole held loosely on the foot by a Y-shaped strap known as a toe thong that passes between the first and second toes and around both sides of the foot or can be a rigid base with a strap across all the toes. In the United States the flip-flop has been popularized from the Japanese zōri, after World War II as soldiers brought them back from Japan. This footwear are extremely lightweight and can be carried easily, which is also boosting their demand across the globe. Furthermore, increasing consumer disposable income levels and constant product innovations are projected to fuel the growth of the market. On the hand, raising concerns about environmental pollution and non-disposable and harmful materials used for product manufacturing may hinder the market growth. This has impelled manufacturers to invest more in R&D to develop sustainable products made from eco-friendly materials, papyrus, wood, and palm leaves.

Companies are focusing on increasing sustainability by donating some revenue share for environmental causes. For instance, Havaianas launched IPE collection and announced that it will be contributing 7% of the revenue generated from the collection to Environmental Research Institute that will develop projects to help reserve Atlantic Rainforest, Amazonia, and Pantanal. In recent times, some of the other raw materials used to produce flip flops include polyvinyl chloride and ethylene vinyl acetate.

US Flip Flops Market is poised to grow at a sustainable CAGR for the next forecast year.