The global bio-based leather market size is expected to reach USD 1,098.72 million by 2030, according to a new study by Polaris Market Research. The report “Bio-based Leather Market Share, Size, Trends, Industry Analysis Report, By Source (Cork, Corn, Leftover Fruits, Mushroom, Palm, Pineapple, Others); By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for the market is expected to increase during the forecast period. They are increasingly being used for manufacturing apparel, footwear, and accessories. Rising urbanization, increasing disposable income of consumers, and the growing trend toward the use of sustainable products drive the growth of the industry.
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Asia-Pacific is expected to grow at a significant rate during the forecast period. The rise in demand for fashion products and accessories coupled with growing application in the automotive industry boosts the adoption of the industry in the region. Increasing applications in footwear and furnishing industries, coupled with the introduction of regulations to prevent animal cruelty, offer growth opportunities during the forecast period.
Bio-based leather is used in various end-uses such as automotive, footwear, furniture, garments & accessories, and others. The footwear segment dominated the market in 2021. However, they are also increasingly being used in the automotive sector. Several automobile manufacturers, such as Tesla, Renault, and Volvo, are introducing vehicles with bio-based leather for car interiors. Bentley partnered with for its 100th anniversary to develop an electric car with an all-plant leather interior.
The COVID-19 outbreak negatively impacted the industry. Closure of stores & malls due to the implementation of lockdown across the world hampered the sale of bio-based products. Disruption in manufacturing activities, issues related to the supply chain, and reduced workforce further contributed to reduced demand for bio-based leather during the pandemic. Several industries using bio-based leather, such as textile, footwear, and automotive, suffered a decline during the COVID outbreak, hampering the growth of the industry.
Bio-based Leather Market Report Highlights
Polaris Market Research has segmented the bio-based leather market report based on source, end-use, and region:
Bio-based Leather, Source Outlook (Revenue - USD Million, 2018 - 2030)
Bio-based Leather, End-use Outlook (Revenue - USD Million, 2018 - 2030)
Bio-based Leather, Regional Outlook (Revenue - USD Million, 2018 - 2030)