Bio-based Leather Market Forcate to 2026

According to Business Intelligence Insights "Bio-Based Leather Market" market size is estimated to be USD 647 million in 2021 and is projected to reach USD 868 million by 2026, at a CAGR of 6.1% between 2021 and 2026.

On the basis of region, the bio-based leather market has been segmented as follows:

• APAC
• North America
• Europe
• Middle East & Arica
• South America

Market Dynamics

• Driver: Harmful effects of leather on humans are promoting the use of bio-based leather.
• Restraints: Minor drawbacks related to processing and degradability.
• Opportunities: Scope for green entrepreneurship and continuous R&D.
• Challenges: Nascent market with scalability issue.

Driver: Harmful effects of leather on humans are promoting the use of bio-based leather

Conventional methods of pre-tanning and tanning have the largest discharges accounting for nearly 90% of the total pollution from a tannery. Tannery effluent contains large amounts of pollutants, such as salt, lime sludge, sulfides, and acids. In addition, raising the animals whose skin eventually becomes leather requires vast quantities of water and pastureland, which must be cleared of trees.

Tannery chemical such as arsenic has long been associated with lung cancer in workers who are exposed to it on a regular basis. Studies of leather-tannery workers in Sweden and Italy found cancer risks.

Huge amounts of fossil fuels are consumed in livestock production as well, and real leather has almost three times the negative environmental impact as its synthetic counterparts, including polyurethane (PU) leather.

Segmentation Insights:

On the basis of end-use, the bio-based leather market has been segmented as follows:

• Footwear
• Garments & Accessories
• Others(includes furniture and automotive)

Europe was estimated to be the second-largest bio-based leather market in 2020

The bio-based leather market in Europe is highly regulated with Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) closely monitoring and issuing guidelines to ensure a high level of protection for the environment and human health from the risks that can be posed by chemicals. Due to the implementation of stringent environmental regulations in the EU and rising demand for footwear, garments & accessories made of bio-based leather in the region, the market is expected to grow moderately during the forecast period.

Key Market Players

The key market players profiled in the report include Toray Industries Inc. (Japan), Bolt Threads Inc. (US), Ananas Anam Ltd. (UK), Modern Meadows (US), Nat-2 (Germany), Natural Fiber Welding Inc. (US), Ultrafabrics (US), MycoWorks(US), ECCO Leather (Netherlands), VEGEA(Italy), Fruitleather Rotterdam (Netherlands), and Tjeerd Veenhoven studio (Netherlands).

Read our strategic analysis: https://www.marketsandmarkets.com/Market-Reports/bio-based-leather-market-206086810.html

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