Bio
Based Leather Is Gaining Traction Due to Rising
Consumer Awareness
The growing awareness within a
substantial segment of the population about the benefits of embracing
sustainable products will serve as a pivotal catalyst for the expansion of the
bio-based leather market. Forecasts indicate a substantial surge in the bio-based
leather market, primarily propelled by the mounting desire for ethical and
cruelty-free leather alternatives. As people's fashion awareness continues to
rise, they are becoming more discerning about their footwear choices for
various occasions. Additionally, boosted by a robust economy and easy credit
availability, individuals are increasingly open to experimenting with luxury
goods – a trend reflected in the consumer confidence index. To address the
escalating demand for leather-based items, the global bio-based leather market
is experiencing rapid growth. Furthermore, the burgeoning trend of veganism,
along with strict environmental regulations and endorsements from prominent
bodies like PETA, is propelling the bio-based leather market forward.
The Growing Demand
for Eco-Friendly and Cruelty-Free Products Drives Demand for Bio Based Market
Stringent environmental
protection policies coming into play have spurred market participants to
explore novel sustainable materials that can tackle issues such as sludge,
tannery wastewater, and other solid waste generated by the industry. Across the
globe, numerous animal rights campaigns have been initiated, prompting the
industry to adopt eco-friendlier materials and processes in alignment with
stringent animal welfare regulations. These materials are finding increasing
applications in clothing, accessories, footwear, and household goods.
Anticipated growth opportunities stem from technological advancements,
heightened research and development investments, and expanding utilization
within the automotive sector. The growing penchant for eco-conscious products, coupled
with intensified governmental regulations on polymer-based products and
leather, is projected to propel the global bio-based leather market throughout
the forecast period.
Growing Demands for
Pinatex As A Feasible Alternative to Conventional Leather Will Serve as Prominent
Growth Driver
The pineapple segment held a
sizable stake in 2021. Piatex is a bio-based type derived from pineapple leaf
fibres. The waste pineapple leaves are gathered and washed, filtered, and dried
to extract long fibres. The resulting product is then processed using
corn-based polylactic acid to form a non-woven mesh. It is then coated to
improve its strength, durability and water resistance.
In 2021, the footwear segment
held a significant proportion. Due to its being cruelty-free and ecologically
sustainable, bio-based leather is widely been used in the manufacturing of
footwear. The use of bio-based leather in footwear offers aesthetic in terms of
feel and appearance. The footwear industry is progressively investing in the
development of environmentally friendly alternatives. The use of bio-based
leather in the manufacture of footwear offers the product with recyclability or
biodegradability at the end of its life. Prominent brands using bio-based
leather in this region include Stella McCartney, Will's Vegan Shoes, Lulus and
Brave GentleMan. These shoes are mostly made of cork, mushroom and plant-based
blends, as well as polymer resins.
Limitations of
Manufacturing Processes Are Restraining the Growth of The Bio-Based Leather
Market
Although bio-based leather is a
better alternative to real leather and plastic-based faux leather, it still
involves chemical processing to get a leather-like feel and longevity, which
poses environmental concerns. For example, though Pinatex is made from
discarded pineapple leaves, it is not biodegradable since it is covered with a
petroleum-based material for added durability. Furthermore, the bio-based
leather market is still in its early stages, with just a few small-scale firms
manufacturing and using the respective products on a wide scale. The prospects
for the global market for bio-based products are diminished since they are
unavailable across the globe and unknown in emerging economies. The
availability, dominance and popularity of real and synthetic leather,
which already exist, act as a barrier to the market for bio-based leather. Consumers
are unaware of the benefits of bio-based leather, which is limiting the
market's growth.
Feb. 21, 2023- Lenzing has
collaborated with NFW (Natural Fiber Welding Inc.) to provide TENCELTM branded
fibres as an additional backer choice for NFW's patented plant-based
technology, MIRUM®.
Jan. 13, 2023- MycoWorks, a
producer of fungal-based biomaterials that could potentially replace animal and
synthetic leather, has raised US$ 125 Mn in Series C funding to build a
manufacturing plant and Increase production of its flagship product Reishi.
Nov. 7, 2022 - Ananas Anam has
announced a collaboration with FORVIA, a pioneer in automotive technology, to
develop car interior materials made from waste pineapple leaf fibres.
Mar. 15, 2022- Polybion, a
biotechnology startup located in Mexico, has developed Celium, a new vegan
leather made from agro-industrial food waste. The bio-textile is sourced
sustainably and developed as an alternative to a traditional product.
Ananas Anam, Atlas
Hessen Biotech, Bolt Threads Inc., DuPont Tate & Lyle Bio
Products, ECCO Leather, Fruitleather Rotterdam, Modern Meadows, MycoWorks,
Nat-2, Natural Fiber Welding, Inc., Parexel International Corporation, Tjeerd
Veenhoven studio, Ultrafabrics, Vegea, Ecovative Design, Flokser A.S. and Toray
Industries Inc. are some of the prominent market players operating in the
global bio based leather market.
Growing Demand from Various Industry
Verticals Allows North America To Dominate the Global Bio-Based Leather Market
North America dominates the
regional segment of the global bio-based leather market owing to strong demand,
industry development and product innovation in the region's bio-based leather
market. The need for sustainable leather in the North American fashion sector,
a global fashion hub, is also seen as a crucial driver that gives significant
growth to the region's bio-based leather market. Europe follows North America
in the regional bio-based leather market, driven by the demand for footwear in
the region's fashion and sports industries. During the course of the forecast
period, a number of regulations on synthetic leather are anticipated to have a
favourable impact on the market for bio-based leather in Europe. Throughout the
forecast period, demand for bio-based leather is expected to increase in
Asia-Pacific. The region's population growth, urbanization, and improving
standards of living are likely to fuel market demand. Increased demand for
fashion products and accessories, as well as increased application in the
automotive industry, contribute to the region's growth. Technical advancements
and significant investments in bio-based materials research and development
enable market participants to introduce new products into the market. Economic
growth in nations such as China, India and Japan, increasing applications in
furniture and footwear and rising awareness about animal welfare are all
expected to provide lucrative growth opportunities during the forecast
period.
The report provides a detailed
overview of the bio based leather market insights in regions including North
America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and
Africa. The country-specific assessment for bio based leather market has been
offered for all regional market share, along with forecasts, market scope
estimates, price point assessment, and impact analysis of prominent countries
and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates
are also incorporated for every country and region, to provide a detailed view
of the bio based leather market. These Y-o-Y projections on regional and
country-level markets brighten the political, economic and business environment
outlook, which are anticipated to have a substantial impact on the growth of
the bio based leather market. Some key country and region included in the bio
based leather market report as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Bio Based Leather Market Research
Report Covers In-depth Analysis on:
·
Bio based leather market segments
·
Bio based leather market dynamics
·
Bio based leather market value and share
analysis
·
Recent trends, restraints, opportunities in bio
based leather market
·
Companies & competition involved bio based
leather market
·
Latest technologies in bio based leather market
·
Supply chain and value chain bio based leather
market
·
Bio based leather market sales and distribution
strategies
Bio Based Leather Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Bio based leather industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on bio based leather market
forecast by countries
·
Essential information to enhance market position
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