The Footwear Sole Material Market, estimated at USD 24.85 Bn in 2025, is expected to exhibit a CAGR of 4.2% and reach USD 33.14 Bn by 2032.
The Consumer Goods sector remains a vital driver of global growth, as organizations respond to evolving consumer expectations with sustainable practices, ethical production, and innovative product development. At the same time, advances in e-commerce, digital transformation, and supply chain optimization are reshaping the industry landscape, enhancing competitiveness, and unlocking new opportunities for long-term growth and collaboration.
Driver
- Growth in the global population
Growth in the global population is projected to augment the market growth of the footwear sole materials. The rising population base rate has created a demand for consumer goods such as footwear. According to the United Nation, from an estimated 7.7 billion people worldwide in 2025 the medium-variant projection indicates that the global population could grow to around 8.5 billion in 2032 and 9.7 billion in 2050.
Opportunity
- Rising demand for eco-friendly footwear
Rising demand for eco-friendly footwear due to growing environmental concerns is expected to provide potential growth opportunities to the market of footwear sole. For instance, in April 2025, Adidas has launched environmentally friendly 100% recyclable running shoes. The new sneaker is part of Adidas’s attempt to address the grave environmental threat posed by plastic, which increasingly clogs landfills and suffuses our oceans.
Restraint
- Emerging counterfeit products
Emerging counterfeit products is one of the prime factor expected to hinder the market growth of the footwear sole material. The local manufacturer tends to use low-quality for manufacturing of footwear and soles which are produced in order to take advantage of the high price of the original brand. This is expected to hamper the market growth of the footwear sole material.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/footwear-sole-material-market-3848
Key Takeaways:
On the basis of the distribution channel, the shoe stores segment dominated the global footwear sole material market in 2025 with a 56.0% of market share in terms of value, followed by retail stores and others.
On the basis of the gender type, the men segment dominated the global footwear sole material market in 2025 with a 53.0% of market share in terms of value, followed by women and others.
Major players operating in the global Footwear Sole Material market include Nike Inc., Adidas AG, Bata Limited, Puma SE, Columbia Sportswear Company, The Dow Chemical Company, Huntsman Corporation, and BASF SE
Market Trends
Increasing e-commerce industry due to rapid urbanization and branded footwear industry is benefiting from the e-commerce sale as it increases the visibility of products is expected to fuel the market growth of footwear sole materials over the forecast period. Moreover, the e-commerce industry is projected to favor the market growth of the footwear industry in terms of low cost and high-profit margins.
Few Recent Developments
Adidas AG
- In April 2025, Adidas has launched environmentally friendly 100% recyclable running shoes. The new sneaker is part of Adidas’s attempt to address the grave environmental threat posed by plastic, which increasingly clogs landfills and suffuses our oceans.
Bata Limited
- In March 2025, Bata plans to expand its customer base and reach more shoppers across the country through these multi-brand footwear outlets.
Columbia Sportswear
- In August 2025, Columbia Sportswear has launched the SH/FT Collection – its newest footwear line inspired by today’s rapid urbanization and the growing movement to seek balance outdoors. The SH/FT Collection is designed for a new generation seeking experiences outside by allowing them to move more seamlessly from pavement to path.
- In January 2025, Columbia Sportswear has launched a joint venture with Swire Resources Ltd. This partnership in the Washington County outdoor footwear and apparel brand expects to boost profitability in China.
Huntsman
- In February 2025, Huntsman have developed an innovative polyurethane midsole material for the safety and military shoe market, which has been tested and qualified by uvex for use in its uvex 1 G2 safety shoes.
Contact Us