Get In Touch

Bio-Based Leather Market: Overview

The growing awareness about using sustainable products among a considerable chunk of the populace will serve as a vital growth factor for the bio-based leather market during the forecast period of 2021-2031. The growing demand for cruelty-free leather is also expected to bring substantial growth for the bio-based leather market.

The use of bio-based leathers in various applications such as footwear, furnishing, vehicle door panels, dashboards, rear selves, seat covers, head rests, steering cover, clothing, sports, bags, wallets, electronics, and others will bring tremendous growth opportunities for the global market.

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, are responsible for nearly 14.5% of global greenhouse gas emissions. These statistics press the need for alternative leather materials. Thus, these aspects will have a profound impact on the growth of the bio-based leather market.

Expanding operations in future? To get the perfect launch ask for a custom report

How is the Competitive Scenario of Bio-Based Leather Market?

The bio-based leather market is highly fragmented. The players are involved in intense research and development activities. These activities help derive novel formulations and strategies that lead to the creation of new techniques and sources for producing bio-based leathers. They help boost the revenues, ultimately contributing to the growth of the bio-based leather market.

Mergers, acquisitions, joint ventures, and partnerships form an important part of the bio-based leather market growth trajectory. These activities help cement the foothold of the bio-based leather market, eventually increasing the growth rate.

Some key players in the bio-based leather market are Bolt Threads Inc., ECCO Leather, Tjeerd Veenhoven studio, Nat-2, Ultrafabrics, VEGEA, and Fruitleather Rotterdam.

What are Key Trends in Bio-Based Leather Market?

Rising Demand for Pinatex as Feasible Alternative to Traditional Leather will Serve as Prominent Growth Generator

The vital sources of bio-based leathers are cork, leftover fruits, pineapple, and mushroom. Among all the sources, pineapple may emerge as a preferred source of obtaining bio-based leather. Pineapple is abundantly grown across numerous regions around the globe. Pinatex is made from the waste generated from the pineapple harvesting process. It has leather-like qualities and is apt for making boots, watches, and others. The rising demand for Pinatex is expected to attract extensive growth for the bio-based leather market.

Footwear Industry to Invite Substantial Growth for Bio-Based Leathers Market

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.

For instance, Nike recently partnered with Ananas Anam, a Pinatex developing company to introduce a new sneaker collection that’s plant-based. Such developments bode well for the growth of the bio-based leather market.

Request a sample to get extensive insights into the Bio-Based Leather Market

What are Regional Dimensions of Bio-Based Leather Market?

The bio-based leather market in Europe is extrapolated to observe a dominating stance during the forecast period. The fashion industry in Europe is adopting biodegradable products on a large scale including footwear and bags to reduce the carbon footprint. This factor will have a large impact on the growth of the bio-based leather market in Europe. Asia Pacific is also prognosticated to witness rapid growth. The growing awareness about environmental conservation in the region may serve as a growth booster.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Bio Based Leather Market