As per the research conducted by GME, the Bio-Based Leather Market will grow with a CAGR value of 8.0 percent by 2026. The trend towards environment friendly products, combined with stringent laws & policies on animal-based& non- sustainable leather, is foreseen to drive the global bio-based leather market throughout the forecast period.
Browse 151 Market Data Tables and 111 Figures spread through 181 pages and in-depth TOC on “Bio-Based Leather Market - Forecast to 2026”.
By Application (Footwear, Furnishing, Automotive [Seat Covers & Head Rests, Door Panels, Dashboards & Rear Shelves, Steering Cover, and Other Interior Trim], Clothing, Bags & Wallets, Sports, Electronics, and Others), By Sales Channel (Online and Offline), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User, Landscape, Company Market Share Analysis, and Competitor Analysis.
Key Market Insights
· The market is presumed to grow in the foreseeable future as a result of increasing regulatory controls and growing environmental considerations.
· As per the application outlook, the growing market for footwear in both developed and developing economies is presumed to fuel demand for bio-based leather.
· The offline sales channel is likely to lead in this market because consumers prefer to conduct physical checks before buying such products.
· The Asia Pacific region is assumed to dominate this market. Proliferating disposable incomes and augmented living standards in APAC's developing countries are the primary triggers.
· Bio Amber Inc., Flokser A, DuPont Tate & Lyle Bio Products, Parexel International, Natural Fibre Welding, Atlas Hessen Biotech, Kuraray Co., Ltd., H.R. PolycoatsPvt. Ltd., Nan Ya Plastics Corp., Teijin Ltd., Alfatex Italia SRL, among others, are the top players in the bio-based leather market.
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ApplicationOutlook (Revenue, USD Billion, 2019-2026)
· Seat Covers & Head Rests
· Door Panels
· Dashboards & Rear Shelves
· Steering Cover
· Other Interior Trim
· Bags & Wallets
Sales Channel Outlook (Revenue, USD Billion, 2019-2026)
Regional Outlook (Revenue, USD Billion, 2019-2026)
· The U.S.
· Rest of Europe
· South Korea
· Rest of APAC
Central & South America
· Rest of CSA
Middle East & Africa
· Saudi Arabia
· Rest of MEA
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Category Chemicals &
Bio-Based Leather Market Insights
Bio-based materials are in their infancy, with research and development efforts underway to greatly
expand their use due to their green and eco-friendly properties. Bio-based goods are foreseen to rise
rapidly in the forecast period. Polyester polyols derived from bio-based succinic acid and 1, 3-
propanediol are used to make bio-based leather. Bio-based leather cloth contains 70% recycled
material which provides increased durability and environmental protection.
In contrast to certain synthetic leather, bio-based leather is more scratch-resistant and has a smoother
finish. Bio-based leather is phthalate-free leather; as a result, it has received clearance from different
governments, is exempt from strict legislation, and contributes to a significant share of the overall
synthetic leather market.
The trend toward environmentally friendly products, combined with stringent federal regulations on
unsustainable products/leather, is expected to drive the global bio-based leather market throughout
the forecast period People are becoming more knowledgeable about the style of footwear to wear for
various purposes as their fashion consciousness grows. This leads to a surge in the usage of bio-based
leather in such products. Furthermore, with a stable economy and convenient access to credit,
consumers are able to buy new products in terms of expensive goods and cars, as shown by the
consumer trust index. To meet this demand for leather-based goods, the global bio-based leather
market is expanding at a rapid pace.
On the other hand, it is a problem with a precarious framework in many developed countries. Trade
tariffs have consistently remained higher for chemicals rather than their equivalents in developed
countries, including the prospect of exemptions in port transportation. As a result of certain obstacles –
tariffs, import duty,