The Global bio-based leather market the size is expected to reach $1,098.72 million by 2030, according to a new study by Polaris Market Research.
The market demand is expected to increase over the forecast period. They are increasingly used for the manufacture of clothing, footwear and accessories. Rising urbanization, rising disposable income of consumers, and growing trend of using sustainable products are driving the growth of the industry.
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Asia-Pacific is expected to grow at a significant rate over the forecast period. Rising demand for fashion products and accessories coupled with growing application in the automotive industry is driving the adoption of the industry in the region. Rising applications in the footwear and furniture industries, coupled with the introduction of regulations to prevent cruelty to animals, provide opportunities for growth over the forecast period.
Bio-based leather is used in various end uses such as automotive, footwear, furniture, clothing and accessories, etc. The footwear segment dominated the market in 2021. However, they are also increasingly being used in the automotive sector. Several automakers, such as Tesla, Renault, and Volvo, are introducing bio-based leather vehicles for car interiors. Bentley has teamed up with for its 100th anniversary to develop an electric car with an all-vegetable leather interior.
The COVID-19 outbreak has had a negative impact on the industry. The closure of stores and shopping centers due to the implementation of containment across the world has hampered the sale of bio-based products. Disrupted manufacturing operations, supply chain issues, and reduced labor have further reduced demand for bio-based leather during the pandemic. Several industries using bio-based leather, such as textiles, footwear, and automotive, suffered a decline during the COVID outbreak, hampering industry growth.
Bio-Based Leather Market Report Highlights
- The pineapple segment contributed a large share of revenue in 2021 due to easy availability and greater concerns over agricultural waste
- The footwear segment held the largest market share. Greater awareness of cruelty-free and sustainable products and the introduction of sustainable footwear options by industry players are supporting the growth of this segment
- Asia-Pacific is expected to witness significant growth over the forecast period due to the economic growth of countries such as China, Japan and India, and the growing demand for fashion products and accessories .
- The global market is highly competitive due to the existence of major industry players with global presence including Pineapple Anam Ltd., Bolt Threads Inc., Modern Meadows, Natural Fiber Welding Inc., Tjeerd Toray Industries Inc. and Vegea, among others.
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Polaris Market Research has segmented the Organic Leather market report based on source and end use:
Bio-Based Leather, Source Outlook (Revenue – USD Million, 2018 – 2030)
- Leftover fruit
Bio-based Leather, End-Use Outlook (Revenue – USD Million, 2018 – 2030)
- Clothes and accessories
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