Report Id: SNS/C&M/2291 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Bio-based Leather Market Size was valued at USD 725 million in 2022, and is expected to reach USD 1200 million by 2030, and grow at a CAGR of 6.5 % over the forecast period 2023-2030. Bio-based materials are still in their early stages, but research and development are being done to make them much more useful because they are renewable and good for the environment. In the second half of the forecast period, bio-based products are expected to grow a lot.
Polyester polyols, which are made from bio-based succinic acid and 1,3-propanediol, are the main parts of bio-based leather. Bio-based leather fabric is made of 70% renewable materials, works better, and is safer for the environment.
Bio-based leather is less likely to get scratched than other synthetic leathers and has a softer surface. Bio-based leather does not contain phthalates. Because of this, it has been approved by many governments, is not subject to strict regulations, and makes up the majority of the global synthetic leather market. Bio-based leather is mostly used for shoes, bags, wallets, seat covers, and sports gear, among other things.
Market Dynamics:
Drivers:
Concerns about the effects of the leather industry on the environment are helping the bio-based leather industry grow.
Animal-free fabrics are easy to make and don't cost much.
The global market is getting more and more interested in eco-friendly and cruelty-free products.
Restraints:
High cost of R&D
Problems with processing and the ability to break down
Opportunity:
Key automakers are using vegan leather in their cars more and more.
Challenge:
A new market with trouble growing.
Scaling has its problems
Impact of Covid-19:
Almost every part of the world has been affected by the pandemic. The bio-based leather market hasn't grown as much as it could have because of problems in the global supply chain and changes in the prices of raw materials. This problem came about because demand dropped in the shoe, car, clothing, and accessories sectors. The fashion industry has a big impact on the market. In terms of value, the bio-based leather market is worth the most in North America.
Bio-based leather has always done well in North America. North America has been one of the world's leaders when it comes to demand and product innovation, both in terms of quality and new uses. The US, Canada, and Mexico are all important countries in the North American market. The US is the largest market and has a large share of the regional market. Bio-based leather is growing quickly because the fashion industry wants more and more leather that is good for the environment.
The strict environmental laws in this region have a big effect on the bio-based leather market. Regulatory groups like PETA are pushing for vegan leather or leather made from plants. North America is also a very well-developed area, which helps this market grow in a big way. A big part of this market is the growth of shoes, clothes, and accessories.
Key Players:
Natural Fiber Welding Inc., Ananas Anam Ltd., Toray Industries Inc., Bolt Threads Inc., Modern Meadows, ECCO Leather, Nat-2, MycoWorks, VEGEA, Fruitleather Rotterdam, Ultrafabrics, Tjeerd Veenhoven studio.
Market Segment:
By Source
Mushroom
Pineapple
Cork
Leftover Fruits (apple & grapes)
Others(includes corn, coconut husk, palm, and cactus)
By End-use
Footwear
Garments & Accessories
Others (includes furniture and automotive)
Regional Analysis:
By region, the Bio-Based Leather Market can be divided into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the rest of Asia Pacific), Europe (Germany, the UK, Italy, France, Spain, the Netherlands, and the rest of Europe), Middle East & Africa, and Central & South America. APAC includes China and India, two big developing economies. Because of this, most bio-based leather businesses in the Asia-Pacific region have a lot of room to grow. The market for bio-based leather is growing quickly, which is good news for many manufacturers. About 61% of the world's people live in the APAC region, and the area's manufacturing and processing industries are growing quickly. The largest bio-based leather industry is in the APAC region, with China being the most important market. This industry is expected to grow a lot in the next few years. This market is mostly driven by rising disposable incomes and higher living standards in developing APAC countries.
The region's growing population and the development of new technologies and materials should make it a good place for the bio-based leather market to grow. The APAC market is mostly driven by the growth of the shoe and car industries, as well as by improvements in the way things are made. Due to more demand from the auto industry, the bio-based leather market in places like India, Indonesia, and China is likely to grow quickly. The market for bio-based leather in the United States can help North America grow at a moderate rate. The growth of the region is expected to be sped up by the fact that clothing, furniture, and cars will use the technology in big ways. Animal cruelty concerns can make people less likely to use animal skins, which is good for regional demand.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 725 Million |
Market Size by 2030 | US$ 1200 Million |
CAGR | CAGR of 6.5% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By source (Mushroom, Pineapple, Cork, Leftover Fruits (apple & grapes), Others(includes corn, coconut husk, palm, and cactus)) • By end-use (Footwear, Garments & Accessories, Others(includes furniture and automotive)) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Natural Fiber Welding Inc., Ananas Anam Ltd., Toray Industries Inc., Bolt Threads Inc., Modern Meadows, ECCO Leather, Nat-2, MycoWorks, VEGEA, Fruitleather Rotterdam, Ultrafabrics, Tjeerd Veenhoven studio. |
DRIVERS | • Concerns about the effects of the leather industry on the environment are helping the bio-based leather industry grow. • Animal-free fabrics are easy to make and don't cost much. • The global market is getting more and more interested in eco-friendly and cruelty-free products. |
Restraints | • High cost of R&D • Problems with processing and the ability to break down |
Frequently Asked Questions (FAQ) :
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Almost every part of the world has been affected by the pandemic. The bio-base leather market hasn't grown as much as it could have because of problems in then global supply chain and changes in the prices of raw materials. This problem came about because demand dropped in the shoe, car, clothing, and accessories sectors. The fashion industry has a big impact on the market. In terms of value, the bio-based leather market is worth the most in North America.
Ans: Animal-free fabrics are easy to make and don't cost much and The global market is getting more and more interested in eco-friendly and
cruelty-free products are the drivers for Bio-based Leather Market
Ans: Bio-based Leather Market Size was valued at USD 681 million in 2021, and expected to reach USD 1159.19 million by 2028, and grow at a CAGR of 6.5 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Bio-based Leather Market Segment, By source
8.1 Mushroom
8.2 Pineapple
8.3 Cork
8.4 Leftover Fruits (apple & grapes)
8.5 Others(includes corn, coconut husk, palm, and cactus)
9.Bio-based Leather Market Segment, By end-use
9.1 Footwear
9.2 Garments & Accessories
9.3 Others(includes furniture and automotive)
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 Natural Fiber Welding Inc.,
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Ananas Anam Ltd.,
11.3 Toray Industries Inc.,
11.4 Bolt Threads Inc.,
11.5 Modern Meadows,
11.6 ECCO Leather,
11.7 Nat-2,
11.8 MycoWorks,
11.9 VEGEA,
11.10 Fruitleather Rotterdam,
11.11 Ultrafabrics,
11.12 Tjeerd Veenhoven studio.
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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