Bio-based Leather Market Overview
Bio-based Leather Market Size Was Valued at USD 132.5 Million in 2023 and is Projected to Reach 225.59 USD Million by 2032, Growing at a CAGR of 6.1% From 2024-2032.
Bio-based materials are in their infancy, with research and development efforts underway to greatly expand their use owing to their green and environment-friendly properties. Bio-based goods are foreseen to grow rapidly during the forecast period. Additionally, bio-based material is in its developing stage with research and developments going on to extend its usages significantly owing to its renewable characteristics. Bio-based products are anticipated to rise significantly in the latter half of the forecast period. Furthermore, bio-based leather consists of polyester polyols, developed from bio-based succinic acid and 1, 3-propanediol. The bio-based leather fabric has about 70 percent renewable content, provides improved performance and safety for the environment.
Bio-based leather offers better groove resistance and has a softer surface as compared to other synthetic leathers. Bio-based leather is phthalate-free leather, due to this, it has approval from various governments, shielded from strict regulations and records for a key share in the global bio-based leather market. The major applications of bio-based leather are in footwear & sports, furnishing, automotive, clothing, bags & wallets, electronics, and others.
COVID-19 Impact on Bio-based Leather Market
Nearly every single industry of the globe has been damaged by the worldwide pandemic. Report covers Impact of Coronavirus COVID-19. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Leather Testing Machine market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; the global distribution network was disrupted all indoor/outdoor events restricted; and raw material costs differentiated, over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future, causing the bio-based leather market to growth at a mildly poor rate. Such predicament developed as a result of a drop in demand within footwear, automobile, garment, and other sectors.
Market Dynamics and Factors for the Bio-based Leather Market
Drivers:
The growing tendency towards the adoption of green products associated with rising government regulations on polymer-based products/leathers is expected to stimulate the global bio-based leather market over the forecast period. With the rise in fashion consciousness, people are more concerned about the type of footwear to wear on various occasions. Furthermore, with a healthy economy and easy accessibility of credit, people are willing to try various things concerning luxury goods and automobiles, which can also be seen in the consumer confidence index. Serving this market for leather-based products, the global bio-based leather market is flourishing at a significant growth rate. Eco-friendly products are being continually emerged by corporate groups. Eco-friendly products are becoming an essential research & development focus area, which has developed as a major trend for the global bio-based leather market.
Livestock farming applications a lot of fossil energy, and genuine leather has about triple times the unfavorable environmental impact of its synthetic chemicals, such as polyester. While bio-based or veganism leather can be shown to be superior to authentic leather and a significant advance from plastic-based imitation leathers, these however require chemical treatment to provide a leather such as feeling and sturdiness, posing its intrinsic environmental concerns. Rising public awareness of animal abuse and broad environmental deterioration has stimulated the peculiarity of various businesses that are grabbing the chance to make a difference. Clients tend to be fascinated by the notion as well. Various businesses are emerging bio-based leathers from a diversity of sources, such as cactus, cereal crop, cork, mushroom, coconut, fruit-based, as well as hemp, to name a few.
Restraints:
The growing issues with a hazardous framework in many emerged countries. Trade tariffs have incessantly remained higher for chemicals rather than their equivalents in emerged economies, including the prospect of exemptions in port transportation. As a result of certain barriers such as import duty, tariffs, port obligations, and others, the high price of bio-based leather production is probably impeded the global bio-based leather market across the forecast period.
Opportunities:
Developments in the Vegan Leather
Vegan leather referred to as "Faux" leather, is substitutes leather for animal leather. Vegan leather is not developed from animal skin. Plants, fruits, and plastic are the main materials, which is utilized to produce vegan leather. Growing demand for vegan leather is owing to its various applications such as furnishing, pursues, bags, accessories, clothing, automotive, and others. Demand for faux or vegan leather is turned by a range of components such as evolving customers trend, rising demand for animal-free products, growing knowledge about the features of vegan leather among others.
In the vegan leather market research and development work has acted as a significant role in differentiating the overall characteristics of vegan leather from traditional leather. Shareholder in the vegan leather market view is investing in research and develop vegan leather with excellent characteristics. Forthcoming and settled key players in the current market aspect are involved in the production of vegan leather with various patterns, colors, functionalities, and textures. There are different players are getting into strategic collaborations to produce inventive and durable vegan leather in line with the trend of emerging sectors. Additionally, most of the companies are declaring an alliance with other companies to ease the creation of new models focused on commercializing various usages. Owing to rising demand for vegan leather in various industries such as furnishing, clothing, footwear, automotive, accessories, etc., vendors are anticipated to line up their product development work, as per the to the requirement of the each of their industries.
Market Segmentation
Segmentation Analysis of Bio-based Leather Market:
Based on the Source, mushroom-based leather is expected to grow at the maximum CAGR over the forecast period. Mushroom-based leather is produced from mycelium, the vegetative part of a fungus. The rising process takes between two to three weeks. By adding dyes or switching the pressing form, the material can mimic any type of animal leather, from cow to alligator to python skin. In the apparel industry, mushroom-based leather is opted, as it is low weight and very flexible, which makes it practical for an extensive range of products. These qualities will turn the mushroom bio-based leather market in the forecast period.
Based on Application, the footwear and sports segment are projected to dominate the market during the forecast period. Owing to its outstanding characteristics and high longevity, bio-based leather is commonly employed to develop different forms of footwear. The rising market for footwear in both emerged and emerged countries are presumed to accelerate demand for bio-based leather. Due to its low quality, bio-based leather is commonly used in the manufacturing of sportswear for a variety of games all across the globe. Sports shoes produced from bio-based leather resemble those developed from pure leather and have additional properties such as resistance to commitment, water, commitment, and severe environmental situations. It is applied to produce formal men's and women's footwear for business-specific purposes as well as boots for males and females in the fashion world and those residing in colder areas over the globe.
Based on the Distribution Channel, the offline channel is anticipated to register maximum sales growth during the forecast period. Owing to the high price and stability aspect of bio-based goods, offline retail is estimated to be the largest contributor to demand growth. Consumer's preference to conduct physical checks before buying such large sums of money on such items, which turn the offline channel market. Millennials and Generation Z are turning demand growth, while younger consumers pursue a customized consumer experience that combines both online and offline channels. Offline stores are facing an entire transformation. Furthermore, the accessibility of bio-based leather products in retail stores tends to demonstrate its material to a wide number of customers. Therefore, heading to the dominion of this segment.
Regional Analysis of Bio-based Leather Market:
The Asia Pacific is expected to dominate the market during the forecast period. The Asia Pacific is a favorable market for bio-based leather owing to steep growth in the economy in the emerging world and growing consumer incomes. The massive application of bio-based leather in the region is mostly due to mammoth development in manufacturing capacity, rising commerce, as well as growth in apparel and accessories.
North America region is expected to register a significant market share owing to rising demand as well as product invention in terms of quality and end-use industry development. Owing to strict environmental regulations, the bio-based leather industry is facing significant growth. The bio-based leather market in North America is highly turned by the footwear and garment sectors. Companies such as SUSI Studio, Taylor+ Thomas, NOAH, Modern Meadow, and Sydney Brown are the top manufacturers of bio-based leather products in this region.
Various ordinance on synthetic leather in European economies is anticipated to play as a positive influencing factor for the Europe bio-based leather market throughout the forecast period. New end-users who are ready to get into the goods & luxury market in various economies are anticipated to produce lucrative opportunities for a bio-based leather manufacturer to serve to high volume demand for luxury goods. Furthermore, the Middle East & Africa, and Latin America regions are expected to increase with a moderate CAGR during the forecast period.
Players Covered in Bio-based Leather Market are:
- Huafon Group
- Kuraray
- Toray
- Wenzhou Imitation Leather
- Alfatex
- Zhejiang Hexin Industry Group Co. Ltd.
- Anhui Anli Material Technology Co.Ltd.
- Kunshan Xiefu Artificial Leather Co. Ltd.
- Shandong Tongda Textile Machinery (group) Co.Ltd.
- Tongda Island
- Double Elephant
- Topsun Micro Fiber
- Yantai Wanhua Synthetic Leather Group Co. Ltd.
- Teijin Cordley
- Asahi Kasei Mayur Uniquoters Limited
- Xiangyu Xinghong
- Clarino
- Kolon Industries
- San Fang Chemical Industry Co. Ltd.
- Wanhua Micro Fiber
- Jeongsan International
- Meisheng Group
- FILWEL
- Huafeng Group
- Fujian Tianshou
- Ecsaine
- Sanling Micro Fiber
- SISA
- NPC
- Ecolorica
- H.R.Polycoats Pvt. Ltd.
Key Industry Developments in Bio-based Leather Market
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In September 2024, Danish company ‘Beyond Leather Materials’ collaborated with German materials manufacturer Covestro to develop a protective coating based on INSQIN® technology for Beyond Leather Materials’ LEAP®. LEAP® is an innovative leather alternative made using apple waste generated in juice and cider manufacturing. The jointly developed coating uses INSQIN® technology based on polyurethane dispersions made with partially bio-based content.
In March 2024, Leather manufacturer Bridge of Weir Leather introduced BioTAN and FreeTAN, two technologies for the development of bio-based and biodegradable leather. Tanning is the production process whereby collagen is stabilized and its raw material becomes leather. Bridge of Weir’s two technologies, which have been developed over the last four years, aim to increase the bio-content and end-of-life biodegradability properties of the company’s leather and remove fossil fuel, oil-derived components, and heavy metals from its processes.
Bio-based Leather Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 132.5 Mn. |
Forecast Period 2024-32 CAGR: |
6.1% |
Market Size in 2032: |
USD 225.59 Mn. |
Segments Covered: |
By Source |
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By Distribution Channels |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Source
3.2 By Distribution Channels
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Bio-based Leather Market by Source
5.1 Bio-based Leather Market Overview Snapshot and Growth Engine
5.2 Bio-based Leather Market Overview
5.3 Coconut Husk
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Coconut Husk: Grographic Segmentation
5.4 Apple & Grapes
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Apple & Grapes: Grographic Segmentation
5.5 Mushroom
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Mushroom: Grographic Segmentation
5.6 Cactus
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Cactus: Grographic Segmentation
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Grographic Segmentation
Chapter 6: Bio-based Leather Market by Distribution Channels
6.1 Bio-based Leather Market Overview Snapshot and Growth Engine
6.2 Bio-based Leather Market Overview
6.3 Online
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Online: Grographic Segmentation
6.4 Offline
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Offline: Grographic Segmentation
Chapter 7: Bio-based Leather Market by Application
7.1 Bio-based Leather Market Overview Snapshot and Growth Engine
7.2 Bio-based Leather Market Overview
7.3 Footwear & Sports
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Footwear & Sports: Grographic Segmentation
7.4 Furnishing
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Furnishing: Grographic Segmentation
7.5 Automotive
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Automotive: Grographic Segmentation
7.6 Clothing
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Clothing: Grographic Segmentation
7.7 Bags & Wallets
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Bags & Wallets: Grographic Segmentation
7.8 Electronics
7.8.1 Introduction and Market Overview
7.8.2 Historic and Forecasted Market Size (2017-2032F)
7.8.3 Key Market Trends, Growth Factors and Opportunities
7.8.4 Electronics: Grographic Segmentation
7.9 Other
7.9.1 Introduction and Market Overview
7.9.2 Historic and Forecasted Market Size (2017-2032F)
7.9.3 Key Market Trends, Growth Factors and Opportunities
7.9.4 Other: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Bio-based Leather Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Bio-based Leather Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Bio-based Leather Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 HUAFON GROUP
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 KURARAY
8.4 TORAY
8.5 WENZHOU IMITATION LEATHER
8.6 ALFATEX
8.7 ZHEJIANG HEXIN INDUSTRY GROUP CO. LTD.
8.8 ANHUI ANLI MATERIAL TECHNOLOGY CO.LTD.
8.9 KUNSHAN XIEFU ARTIFICIAL LEATHER CO. LTD.
8.10 SHANDONG TONGDA TEXTILE MACHINERY (GROUP) CO.LTD.
8.11 TONGDA ISLAND
8.12 DOUBLE ELEPHANT
8.13 TOPSUN MICRO FIBER
8.14 YANTAI WANHUA SYNTHETIC LEATHER GROUP CO. LTD.
8.15 TEIJIN CORDLEY
8.16 ASAHI KASEI MAYUR UNIQUOTERS LIMITED
8.17 XIANGYU XINGHONG
8.18 CLARINO
8.19 KOLON INDUSTRIES
8.20 SAN FANG CHEMICAL INDUSTRY CO. LTD.
8.21 WANHUA MICRO FIBER
8.22 JEONGSAN INTERNATIONAL
8.23 MEISHENG GROUP
8.24 FILWEL
8.25 HUAFENG GROUP
8.26 FUJIAN TIANSHOU
8.27 ECSAINE
8.28 SANLING MICRO FIBER
8.29 SISA
8.30 NPC
8.31 ECOLORICA
8.32 H.R.POLYCOATS PVT. LTD.
8.33 OTHER MAJOR PLAYERS
Chapter 9: Global Bio-based Leather Market Analysis, Insights and Forecast, 2017-2032
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Source
9.2.1 Coconut Husk
9.2.2 Apple & Grapes
9.2.3 Mushroom
9.2.4 Cactus
9.2.5 Others
9.3 Historic and Forecasted Market Size By Distribution Channels
9.3.1 Online
9.3.2 Offline
9.4 Historic and Forecasted Market Size By Application
9.4.1 Footwear & Sports
9.4.2 Furnishing
9.4.3 Automotive
9.4.4 Clothing
9.4.5 Bags & Wallets
9.4.6 Electronics
9.4.7 Other
Chapter 10: North America Bio-based Leather Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Source
10.4.1 Coconut Husk
10.4.2 Apple & Grapes
10.4.3 Mushroom
10.4.4 Cactus
10.4.5 Others
10.5 Historic and Forecasted Market Size By Distribution Channels
10.5.1 Online
10.5.2 Offline
10.6 Historic and Forecasted Market Size By Application
10.6.1 Footwear & Sports
10.6.2 Furnishing
10.6.3 Automotive
10.6.4 Clothing
10.6.5 Bags & Wallets
10.6.6 Electronics
10.6.7 Other
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Bio-based Leather Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Source
11.4.1 Coconut Husk
11.4.2 Apple & Grapes
11.4.3 Mushroom
11.4.4 Cactus
11.4.5 Others
11.5 Historic and Forecasted Market Size By Distribution Channels
11.5.1 Online
11.5.2 Offline
11.6 Historic and Forecasted Market Size By Application
11.6.1 Footwear & Sports
11.6.2 Furnishing
11.6.3 Automotive
11.6.4 Clothing
11.6.5 Bags & Wallets
11.6.6 Electronics
11.6.7 Other
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Bio-based Leather Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Source
12.4.1 Coconut Husk
12.4.2 Apple & Grapes
12.4.3 Mushroom
12.4.4 Cactus
12.4.5 Others
12.5 Historic and Forecasted Market Size By Distribution Channels
12.5.1 Online
12.5.2 Offline
12.6 Historic and Forecasted Market Size By Application
12.6.1 Footwear & Sports
12.6.2 Furnishing
12.6.3 Automotive
12.6.4 Clothing
12.6.5 Bags & Wallets
12.6.6 Electronics
12.6.7 Other
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Bio-based Leather Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Source
13.4.1 Coconut Husk
13.4.2 Apple & Grapes
13.4.3 Mushroom
13.4.4 Cactus
13.4.5 Others
13.5 Historic and Forecasted Market Size By Distribution Channels
13.5.1 Online
13.5.2 Offline
13.6 Historic and Forecasted Market Size By Application
13.6.1 Footwear & Sports
13.6.2 Furnishing
13.6.3 Automotive
13.6.4 Clothing
13.6.5 Bags & Wallets
13.6.6 Electronics
13.6.7 Other
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Bio-based Leather Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Source
14.4.1 Coconut Husk
14.4.2 Apple & Grapes
14.4.3 Mushroom
14.4.4 Cactus
14.4.5 Others
14.5 Historic and Forecasted Market Size By Distribution Channels
14.5.1 Online
14.5.2 Offline
14.6 Historic and Forecasted Market Size By Application
14.6.1 Footwear & Sports
14.6.2 Furnishing
14.6.3 Automotive
14.6.4 Clothing
14.6.5 Bags & Wallets
14.6.6 Electronics
14.6.7 Other
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Bio-based Leather Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 132.5 Mn. |
Forecast Period 2024-32 CAGR: |
6.1% |
Market Size in 2032: |
USD 225.59 Mn. |
Segments Covered: |
By Source |
|
|
By Distribution Channels |
|
||
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Bio-based Leather Market research report is 2024-2032.
Huafon Group, Kuraray, Toray, Wenzhou Imitation Leather, Alfatex, Zhejiang Hexin Industry Group Co. Ltd., Anhui Anli Material Technology Co.Ltd., Kunshan Xiefu Artificial Leather Co. Ltd., Shandong Tongda Textile Machinery (Group) Co.Ltd., Tongda Island, Double Elephant, Topsun Micro Fiber, Yantai Wanhua Synthetic Leather Group Co. Ltd., Teijin Cordley, Asahi Kasei Mayur Uniquoters Limited, Xiangyu Xinghong, Clarino, Kolon Industries, San Fang Chemical Industry Co. Ltd., Wanhua Micro Fiber, Jeongsan International, Meisheng Group, FILWEL, Huafeng Group, Fujian Tianshou, Ecsaine, Sanling Micro Fiber, SISA, NPC, Ecolorica, H.R.Polycoats Pvt. Ltd. and other major players.
The Bio-based Leather Market is segmented into Source, Distribution Channels, Application, and region. By Source, the market is categorized into Coconut Husk, Apple & Grapes, Mushroom, Cactus, and Others. By Distribution Channels the market is categorized into Online, Offline. By Application, the market is categorized into Footwear & Sports, Furnishing, Automotive, Clothing, Bags & Wallets, Electronics, and Other. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Bio-based materials are in their infancy, with research and development efforts underway to greatly expand their use owing to their green and environment-friendly properties. Bio-based goods are foreseen to grow rapidly during the forecast period.
Bio-based Leather Market Size Was Valued at USD 132.5 Million in 2023 and is Projected to Reach 225.59 USD Million by 2032, Growing at a CAGR of 6.1% From 2024-2032.