Factors such as the upward trend for sustainable and cruelty-free leather will drive the organic leather market. Price sensitivity in emerging regions is a major constraint. However, continued R&D in the organic leather market will provide an opportunity for the market.
New York, October 12, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Organic Leather Market by Source, End Use and Region – Global Forecast to 2026” – https://www.reportlinker.com/p06175240/?utm_source=GNW
Pineapple is estimated to be the largest source of the bio-based leather market in 2020
Pineapple-based leather is estimated to dominate the global bio-based leather market, in terms of value, in 2020. Pineapple is a perennial fruit and extensively cultivated around the world.
It generates a lot of waste, including leaves, stems, pulps and skin. Pinatex is made from the waste from the pineapple harvesting process.
The textile has similar qualities to leather, but it is slightly rougher, giving it a distressed vintage look that works well for watches, boots and other accessories. Pinatex is currently preferred by various brands such as Hugo Boss, Altiir, Bourgeois Boheme, Nike and Drew Veloric.
Apparel and accessories was the second largest end-use industry for the bio-based leather market in 2020
The size of the market for bio-based leather for the apparel and accessories industry accounted for the second largest share of the world’s bio-based leather, in terms of value, in 2020. Bio-based leather for the clothing and accessories industry has always been driven by the economies of North America, Europe and APAC.
Most countries should continue to use traditional leather clothing and accessories rather than bio-based leather clothing and accessories. Consumption of clothing and accessories is expected to increase worldwide and, subsequently, consumption of bio-based leather is expected to increase to meet strict environmental standards, especially in North America.
This dominance is mainly due to the increasing pollution of the environment by tanneries which use harmful chemicals for the leather tanning process. Additionally, traditional leathers also encourage animal cruelty and promote poaching of animals for the skin.
Bio-based leather is a good option for reducing the carbon footprint as well as animal cruelty. Bio-based leather is a sustainable option for the application of clothing and accessories. Leathers of leftover fruits, cacti, mushrooms and pineapples are all the rage in the current scenario. Fashion brands such as Jill Milan, Matt & Nat, Stella McCartney, Jord and Versace use different plant sources to make clutch bags, bags, watch straps, wallets, handbags, belts, jackets and various other outfits.
North America is estimated to be the largest biobased leather market in 2020, in terms of value.
North America was the largest market for biobased leather in 2020. North America is a highly developed region; therefore, the use of advanced bio-based leather is also high.
The use of premium quality biobased leather in the fashion and footwear industry is boosting the market for biobased leather in the region. Mushroom-based leather is expected to grow at the highest CAGR, in terms of value, during the forecast period in this region.
Companies such as MycoWorks and Ecovative Design manufacture bio-based leather from fungus mycelium in this region. The footwear end use industry is estimated to have the largest market in this region due to changing trends among millennials and growing public awareness about environmental pollution caused by leather industry.
Leading brands like Stella McCartney, Will’s Vegan Shoes, Lulus and Brave GentleMan are the leading shoe brands using organic leather in this region. These shoes are mainly made from cork, mushrooms and mixtures of plant sources as well as polymer resins.
In the process of determining and verifying the market size for several segments and sub-segments identified by secondary research, in-depth primary interviews were conducted. Here is the breakdown of the profiles of the main respondents:
• By type of business: level 1 – 30%, level 2 – 43% and level 3 – 27%
• By designation: level C – 21%, director level – 23% and others – 56%
• By region: North America – 41%, Europe – 30%, APAC – 18%, Middle East and Africa – 7% and South America – 4%
The major market players described in the report include Toray Industries Inc. (Japan), Bolt Threads Inc. (US), Ananas Anam Ltd. (United Kingdom), Modern Meadows (United States), Nat-2 (Germany), Natural Fiber Welding Inc. (United States), Ultrafabrics (United States), MycoWorks (United States), ECCO Leather (Country -Bas), VEGEA (Italy), Fruitleather Rotterdam (Netherlands) and Tjeerd Veenhoven studio (Netherlands).
This report segments the bio-based leather market on the basis of coating source, end-use industry, and region, and provides overall market value estimates in various regions. A detailed analysis of major industry players has been performed to provide information about their business insights, products and services, key strategies, new product launches, and mergers and acquisitions associated with the Bio-based Leather market.
Reasons to buy this report
This research report focuses on different levels of analysis – industry analysis (industry trends), market ranking analysis of top players and company profiles, which together provide a big picture of the landscape. competitive; emerging and fast-growing segments of the bio-based leather market; high growth regions; and market drivers, constraints, challenges and opportunities
The report provides information on the following pointers:
• Market penetration: comprehensive information on bio-based leather offered by the major players in the global bio-based leather market
• Product Development / Innovation: detailed information on upcoming technologies, research and development activities in the bio-based leather market
• Market Development: Comprehensive insights into lucrative emerging markets – report analyzes bio-based leather markets across all regions
• Market diversification: Comprehensive information on new products, untapped regions and recent developments in the global bio-based leather market.
• Competitive assessment: In-depth assessment of the market shares, strategies, products and manufacturing capabilities of the major players in the Bio-based leather market
• Impact of COVID-19 on the bio-based leather market
Read the full report: https://www.reportlinker.com/p06175240/?utm_source=GNW
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