Bio-based Leather Market by Source (Mushroom, Pineapple, Cork, Others) and Application (Footwear, Garments & Accessories, Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 688 million mark in 2022 and is expected to hit US$ 1,114 million by 2030, recording a CAGR of 6.3% during the forecast period.
Rising awareness about the harmful effect of synthetic leather
PU and PVC, the major raw materials used to manufacture synthetic leather, have some harmful effects on human and animal health and on the surrounding environment. PU is an isocyanate, which possesses potential harm to lungs, as it causes asthma attacks and lung irritation. It irritates the skin and also causes difficulty in breathing due to lung infections. However, the manufacturing process of bio-based leather does not have any harmful traits as compared to real leather or PU/PVC-based leather. The manufacturBio-based Leather Marketers are focusing on the production of bio-based leather by natural fibers such as flax or fibers of cotton mixed with palm, soybean, corn, and other plants.
Within the report, the market is segmented by source, application, and geography. By source, the market is segmented into mushroom, pineapple, cork, and others. By application, the market is categorized into footwear, garments & accessories, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Rising awareness regarding animal cruelty and greenhouse gas emissions.
The rising awareness about the harms of animal cruelty has led many industries and sectors to adopt bio-based leathers on a large scale. Deriving leather is not just harmful for animals but it is also dangerous for the planet in terms of greenhouse gas emissions. According to the United Nations’ Food and Agriculture Association, animal agriculture, which includes wool and leather production, is responsible for nearly 14.5% of global greenhouse gas emissions. Thus, the demand for bio-based products is increasing and the bio-based leather market is expected to propel.
Increasing footwear industry accelerating market growth
Bio-based leathers are gaining considerable momentum in the footwear industry. Many footwear companies are blending polymer resins with bio-based leathers for manufacturing durable footwear. Research is being carried out by footwear companies to develop 100% biodegradable products. These factors will serve as growth accelerators for the bio-based leather market. Furthermore, plant-based leathers have nearly 40 times less carbon impact than traditional leather. This aspect will invite extensive growth for the bio-based leather market. These factors are expected to propel the demand for bio-based leather in the footwear industry and are further anticipated to drive market growth in the forecast period.
Recent strategic developments in the bio-based leather market
The bio-based leather market has undergone several significant developments, and a few of these have been mentioned below:
In July 2021, Ananas Anam Ltd. entered a partnership with Dole, Philippines to access a larger volume of pineapple fibers, to meet the increasing demand of Pinatex.
In November 2021, Melina Bucher, a German luxury handbag brand collaborated with a biotech startup for the development of bio-based plastic-free vegan leather. The partnership enabled the company to introduce accessories made from bio-based materials to address the growing consumer demand for sustainable products.
The bio-based leather market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Toray Industries Inc., Bolt Threads Inc., Ananas Anam Ltd., Modern Meadows, and Nat-2 are among the prominent players operating in the market.
Target audience for the report:
Raw material providers
Bio-based leather manufacturer
Bio-based leather related associations, organizations, forums, and alliances
Government bodies, such as regulating authorities and policymakers
Venture capitalists, private equity firms, and start-up companies
Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
Garments & Accessories
Asia Pacific (APAC)
South & Central America
Middle East & Africa
Toray Industries Inc.
Bolt Threads Inc.
Ananas Anam Ltd.
- Toray Industries Inc.
- Bolt Threads Inc.
- Ananas Anam Ltd.
- Modern Meadows