Global Bio Based Leather Market, By Source (Mushroom, Pineapple, Cork, Leftover Fruits, Others), Application (Footwear, Furnishing, Automotive, Clothing, Bags and Wallets, Sports, Electronics, Others), By Sales Channel (Online, Offline) – Industry Trends and Forecast to 2029
Market Analysis and Size
The increased awareness of adopting sustainable products among a significant portion of the population will serve as a key growth factor for the bio-based leather market. The bio-based leather market is predicted to increase significantly in response to the growing demand for cruelty-free leather. Additionally, their increased usage across variety of applications, including footwear, furniture, vehicle door panels, dashboards, rear self, seat coverings, head rests, steering covers, clothes, sports, bags, wallets, gadgets, and more has been strong development in manufacturing sector, which further increases the overall growth for the market.
Global Bio Based Leather Market was valued at USD 16530.00 million in 2021 and is expected to reach USD 35952.21 million by 2029, registering a CAGR of 10.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Source (Mushroom, Pineapple, Cork, Leftover Fruits, Others), Application (Footwear, Furnishing, Automotive, Clothing, Bags and Wallets, Sports, Electronics, Others), By Sales Channel (Online, Offline)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Toray Industries Inc. (Japan), Bolt Threads Inc. (U.S.), Ananas Anam (U.K.) Modern Meadows (U.S.), Nat-2 (Germany), Natural Fiber Welding Inc. (U.S.), Ultrafabrics (U.S.), MycoWorks(U.S.), ECCO Leather (Netherlands), VEGEA(Italy), Fruitleather Rotterdam (Netherlands), Tjeerd Veenhoven studio (Netherlands), ARD (Canada)., Flokser A.S. (Turkey), DuPont Tate & Lyle Bio Products (U.S.), Parexel International Corporation (U.S.), Natural Fiber Welding, Inc. (U.S.), Atlas Hessen Biotech (Germany)
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Market Opportunities
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Market Definition
Polyester polyols made from bio-based succinic acid and 1, 3-propanediol make up bio-based leather. Bio-based leather fabric is made up of 70% renewable materials and provides increased performance as well as environmental protection.
Bio Based Leather Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Adverse Impact of Leather
Traditional pre-tanning and tanning procedures produce the most pollution, accounting for roughly 90% of a tannery's overall pollution. Salt, lime sludge, sulphides, and acids are among the contaminants found in tannery wastewater. Furthermore, rearing the animals whose skin is finally turned into leather necessitates a large amount of water and pastureland that must be cleared of trees. Arsenic, a tanning ingredient, has long been linked to lung cancer in people who are often exposed to it. Livestock production uses a lot of fossil fuels, and real leather has nearly three times the negative environmental effect of its synthetic alternatives, such as polyurethane (PU) leather. The increased awareness regarding the adverse effect of leather further boosts the demand for bio based leather market.
- Increased Demand for Environment-friendly Products
The manufacturing method of bio-based leather has no negative effects compared to actual leather or PU/PVC-based leather. Natural fibers such as flax or cotton fibers blended with palm, soybean, corn, and other plants are being used to make bio-based leather by the makers. The pineapple leaves are considered a waste product that is upscaled into something useful without consuming a lot of resources. Pineapple-fiber shoes, handbags, and other items have already hit the market. Similarly, collagen based on yeast fermentation, mushrooms, byproducts from food industries, cactus, and other cell-based, mycelium-based, byproduct-based sources can be used to produce bio-based leather. The bio based leathers are environment friendly as they have no negative impact as compared to the actual leather. Consequently, owing to this factor market is projected to have an accelerated growth.
The increasing awareness about the advantage of using lubricant-based products due to their corrosion-resistant, nonflammable, and nontoxic properties will further propel the bio-based leather market's growth rate. Additionally, the growth in trade by air transportation will also drive market value growth. The expansion of the automotive industry and the increase in defense budgets are other market growth determinants that are projected to bolster the market's growth.
Opportunities
- Awareness and Research and Development
Furthermore, the growing public awareness of animal abuse and broad environmental deterioration has piqued the curiosity of many entrepreneurs who are seizing the chance to make a difference, which further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the continuous research and development will further expand the bio-based leather market's future growth.
Restraints/Challenges
- Issues Associated with Processing and Degradability
Although bio-based or vegan leather has been shown to be superior to real leather and a substantial advance over plastic-based faux leathers, they still require chemical processing to get a leather-like feel and durability, posing its own environmental issues. Pinatex, for example, is one form of vegan leather that is popular in the fashion business. Pinatex is manufactured from trash and requires no more agricultural inputs or water to produce. Unfortunately, it is non-biodegradable because it is covered with a petroleum-based substance for added durability. Similarly, apple leather is created by coating a cotton/polyester canvas with 50 percent apple waste mixed with 50 percent polyurethane. Therefore, during the deterioration process, this polyurethane may have a negative impact on the environment.
- Complications with Scaling
Large worldwide companies such as H&M, Hugo Boss, and Volkswagen are attempting to identify themselves as early adopters of bio-based leather, particularly plant-based leather, which is still in its infancy. Also, only a few small-scale producers create these products on a wide scale, and they are not available in huge numbers around the world. Furthermore, the previously established real leather and other synthetic leather markets have a substantial client base, posing a significant challenge for bio-based leather producers.
This bio based leather market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bio based leather market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bio Based Leather Market
The recent outbreak of coronavirus had a negative impact on the bio based leather market. The global epidemic has impacted practically every industry on the planet, including the leather industry. Due to the escalating effects of the pandemic on the worldwide supply chain and volatility in raw material prices, the global bio-based leather industry's growth rate declined by up to 0.1 percent. The reduction in this example is due to a significant drop in demand for footwear, automobiles, clothing, and accessories. This is extremely important to the fashion industry.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Recent Development
- In July 2021, Dole and Ananas Anam Ltd. formed co-operation to achieve the Zero Waste target. The main goal of this collaboration is to gain access to a bigger amount of pineapple fibres in order to meet Pinatex's growing demand.
- In January 2020, Toray Industries, Inc. stated that it has completed proceedings to acquire all of Alva Sweden AB's issued and outstanding shares, a maker of cushions for vehicle airbag systems. On August 28, 2019, Toray declared its intention to make this deal.
Global Bio Based Leather Market Scope
The bio based leather market is segmented on the basis of source, application and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Mushroom
- Pineapple
- Cork
- Leftover Fruits
- Others
Application
- Footwear
- Furnishing
- Automotive
- Clothing
- Bags and Wallets
- Sports
- Electronics
- Others
Sales Channel
- Online
- Offline
Bio Based Leather Market Regional Analysis/Insights
The bio based leather market is analysed and market size insights and trends are provided by country, source, application and sales channel as referenced above.
The countries covered in the bio based leather market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to rising demand for footwear, garments and accessories made of bio-based leather coupled with the implementation of stringent environmental regulations within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing government regulations associated with the carbon emission and the high economic growth in the emerging countries in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio Based Leather Market Share Analysis
The bio based leather market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio based leather market.
Some of the major players operating in the bio based leather market are
- Toray Industries Inc. (Japan)
- Bolt Threads Inc. (U.S.)
- Ananas Anam (U.K.)
- Modern Meadows (U.S.)
- Nat-2 (Germany)
- Natural Fiber Welding Inc. (U.S.)
- Ultrafabrics (U.S.)
- MycoWorks(U.S.)
- ECCO Leather (Netherlands)
- VEGEA(Italy)
- Fruitleather Rotterdam (Netherlands)
- Tjeerd Veenhoven studio (Netherlands)
- ARD (Canada)
- Flokser A.S. (Turkey)
- DuPont Tate & Lyle Bio Products (U.S.)
- Parexel International Corporation (U.S.)
- Natural Fiber Welding, Inc. (U.S.)
- Atlas Hessen Biotech (Germany)
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