Global Printed Leather Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the last few years, there has been immense growth in the demand for the leather. Additionally, the rising number of endorsements using celebrities and rising awareness via social media platforms have accelerated the market growth. Therefore, the market is estimated to grow rapidly over forecasted period.

The printed leather market was valued at USD 266.50 million in 2021 and is expected to reach USD 444.38 million by 2029, registering a CAGR of 6.60% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Market Definition

Printed leather basically includes activities such as betting, lottery, and bingo, among others, in addition to the transfer of money and resources via many hands. The major competitors in the worldwide market are improving their operations and introducing new programs in order to entice a broader audience to test what they have to offer. In addition, the players are legitimizing their business by providing clean, authentic services that cannot be questioned. Furthermore, the market is being promoted exclusively for the sake of enjoyment and entertainment, and nothing illegal is being done.

Report Scope and Market Segmentation

Printed Leather Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers:

• Rising Popularity of Leather Products

Rising popularity of wide variations in clothing categories and products is largely boosting the market growth for the forecasted period.

Additionally, the increasing personal disposable income are the major factors fostering the growth of the market. Growing availability of attractive footwear, accessories and home furnishing materials, and rising globalization are some other indirect market growth determinants. Moreover, the factors such as the rising number of endorsements using celebrities also boosts the overall market’s growth.

Opportunities

• Penetration, Research and Development and Awareness

Furthermore, the growing penetration of e-commerce platforms along with the rise in the research and development activities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness via social media platforms along with the surging brand consciousness will further expand the future growth of the printed leather market.

Restraints/Challenges

• Fluctuation of Raw Material Prices

The fluctuations in the prices of raw materials will create hindrances for the growth of the printed leather market.

• Awareness against Animal Cruelty

Rising awareness in regards to animal poaching and cruelty and ever-growing vegan population base will yet again hamper the market growth rate.

• Stringent Regulations Associated with Printed Leather

Stringent regulations imposed by the government owing to the harmful effects of PU and PVC will further derail the market growth rate.  These regulations will prove to be a demerit for the printed leather market. Therefore, this factor is anticipated to challenge the printed leather market growth rate.

This printed 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 printed 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 Printed Leather Market

The recent outbreak of coronavirus had a huge impact on the printed leather market.  The COVID-19 outbreak brought the travel and tourism business to a halt in many parts of the world, leather bagpacks, wallets, and coats have seen a drop in sales. Because the COVID-19 epidemic is still present in India, it is expected to harm leather exports from the country, which is the world's second-largest producer of leather and leather goods. This is predicted to result in a decrease in economic activity in India's printed leather business. Certain overseas customers want shipments held back due to negative market sentiments, which is putting pressure on Indian exporters. Due to logistical challenges such as flight cancellations, a rising percentage of customers are anticipating price reductions. Despite the fact that leather items are exported, numerous overseas buyers have requested consignment restrictions. Stakeholders in the printed leather sector are facing new business problems as a result of these discoveries. Exporters are having trouble getting their shipments to certain nations. As a result, stakeholders are adjusting their production and trading operations in response to the fluctuating demand and supply.

On the brighter side, the decline in COVID cases will lead to the recovery of the market as the halted operations will continue and the market is anticipated to flourish post COVID-19.

Global Printed Leather Market Scope

The printed leather market is segmented on the basis of leather type, leather category, method and product category. 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.

Leather Type

• Real Leather
• Synthetic Leather

On the basis of leather type, the printed leather market has been segmented into real leather and synthetic leather.

Leather Category

• Bovine
• Sheep
• Lamb
• Pigs
• Goats
• Poly Vinyl Chloride Leather
• Polyurethane Leather

The printed leather market has also been segmented on the basis of leather category into bovine, sheep, lamb, pigs, goats, poly vinyl chloride leather and polyurethane leather.

Method

• Hand Printing
• Heat Technique
• Screen Printing
• Inkjet Printing
• Others

On the basis of method, the printed leather market is segmented into hand printing, heat technique, screen printing, inkjet printing and others.

Product Category

• Clothing
• Home ware
• Accessories
• Others

On the basis of product category, the printed leather market is segmented into clothing, home ware, accessories and others.

Printed Leather Market Regional Analysis/Insights

The printed leather market is analyzed and market size insights and trends are provided by country, leather type, leather category, method and product category as referenced above.

The countries covered in the printed 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.

North America dominates the printed leather market because of the owing to the strong demand for home furnishing accessories growth and expansion of apparels industry and rapid globalization within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the rising popularity of wide variations in clothing categories and products and increasing personal disposable income 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 Printed Leather Market Share Analysis

The printed 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 printed leather market.

Some of the major players operating in the printed leather market are

• Kuraray Co. Ltd. (Japan)
• Carter’s, Inc. (U.S.)
• Leather Hunte (India)
• CMYKing (Portugal)
• Agfa-Gevaert Group (Belgium)
• Bags of Love (UK)
• Hyphen Concord GmbH (Germany)
• Rainbow Leather (U.S.)
• MAHI Leather (UK)
• San Fang Chemical Industry Co. Ltd. (Taiwan)
• Teijin Limited (Japan)
• Mayur Uniquoters Limited (India)
• NAN YA plastics corporation (Taiwan)
• Filwel Co. Ltd. (Japan)
• Zhejiang Hexin Industry Group Co., Ltd. (China)
• Alfatex N.V. (Belgium)
• H.R. Polycoats Pvt. Ltd. (India),
• Yantai Wanhua Synthetic Leather Group Co. Ltd. (China)

SKU-66270