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Bio-based Leather Market (Source - Pineapple, Cork, Mushroom, Leftover Fruits, and Others; End-user - Automotive, Footwear, Garment, and Accessories): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : December, 2021

  • Rep Id : CM00887

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the bio-based leather market provides an in-depth analysis of segments and sub-segments in the global as well as the regional bio-based leather market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bio-based leather market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global bio-based leather market. According to the report, the global bio-based leather market is projected to reach up to USD 3500 million by 2027 from USD 236 million in 2020, growing at a CAGR of 47.50% over the forecast period of 2021-2027.

 

Market Insight

The leather industry has evolved greatly over the past few years due to advancements in technology. Leather products are being used for ages and are widely recognized. It is a very old manufacturing sector producing a broad range of goods such as leather footwear, leather bags, leather garments. Bio-based is a new and emerging subset within the vegan leather category. Growing consumer awareness regarding the ill effects of leather, consumers are switching to bio-based leather. Particularly since the last 5 years, it has gathered significant attention from consumers. The growing environmentally-conscious millennial population is driving the worldwide market for bio-based leather and bio-based leather is expected to grow into a big business. Driven by vegan and sustainable demands, apples, pineapples, grapes, mushrooms, and even mangoes, are being turned into forms of synthetic leather. The sneaker and sports shoe industry has been one of the biggest endorses of new plant leathers. Plant leathers, like most environmentally friendly products. The market players in the Biobased leather industry are offering a wide variety of leather products including Furnishing, Automotive, Footwear, Bags & Wallets, Clothing, and many others.

 

Bio-based leather has pretty extraordinary potential to contribute to a climate-friendly, cruelty-free sustainable fashion industry. The demand for Bio-based leather products is steadily growing among consumers with their identical properties. There is a growing market for Bio-based leather alternatives, and companies are choosing a wide range of products made from bananas and coconut, pineapple, mushrooms, apples, or teak leaves. Some vegetable leathers are durable as compared to animal leather while being attractive and surprisingly leather-like in feel and appearance. Bio-based leather has excellent properties as they are durable, waterproof, lightweight, and incredibly sustainable. Bio-based leather is being used as an alternative to Animal-derived leather as they don’t cause much harm to the environment. This leather is preferred by the fashion industry, leather goods, furniture, and automotive industries. Nevertheless, the development of innovative Biobased leather products is expected to provide growth opportunities to the Biobased leather market in the upcoming future

 

Among the regions, North America accounted for the largest share in the global Bio-Based leather market. The significant growth in industrial production increased trade, and the rise in fashion and accessories are primarily responsible for the high consumption of bio-based leather in the region. The bio-based leather market in North America is highly driven by the footwear and garment industries. Furthermore, the European region is expected to grow at the fastest rate in the Bio-Based Leather market over the forecast period. The demand for footwear from the fashion industries and sports industries is driving the bio-based leather market in Europe. Bio-based leather shoes are renewable and provide comparable or even enhanced performance. In addition, fashion brands are preferring bio-leather over conventional leather to reduce carbon footprints.

 

Bio-based Leather Market


Segment Covered

The report on global bio-based leather market covers segments such as by source, and by end-user. On the basis of by source, the sub-markets include pineapple, cork, mushroom, leftover fruits, and others. On the basis of by end-user, the sub-markets include Automotive, Footwear, Garment, and Accessories.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Ananas Anam Ltd, Desserto, VEJA, VEERAH, Modern Meadow, Bolt Threads Inc., Toray Industries Inc., Fruit leather Rotterdam, MycoWorks, and Ecovative Design.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the bio-based leather market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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