Bio-based Leather Market - By Source (Cork, Corn, Leftover Fruits, Mushroom, Palm, Pineapple), By Application (Automotive, Footwear, Furniture, Garments & Accessories) & Forecast, 2023

Description

List of Tables

Global Bio-based Leather Market will witness over 6.6% CAGR between 2023 and 2032, propelled by intensive research and advancements favoring eco-friendly leather alternatives. Growing concerns about environmental impact drive the exploration of bio-based materials as substitutes for traditional leather.

For instance, in November 2023, Pangea, a worldwide automotive leather provider, disclosed a recent study evaluating the bio-based carbon levels in various leather manufacturing methods and alternative materials like 'cactus leather' and AppleSkin. The study distinctly showcases leather's superior bio-based properties compared to synthetics. Being entirely natural, leather stands as a 100% bio-based material, emerging as a sustainable option across industries. Pangea emphasizes that by refining leather production methods, they achieve an impressive 85-95% bio-based final products in automotive leather, maintaining performance standards.

With innovative research endeavors focusing on sustainability, there's heightened interest in plant-based and lab-grown materials. This bio-based leather market demand surge signifies a shift towards ethical and sustainable fashion choices, emphasizing the market's inclination towards bio-based alternatives as viable, eco-conscious options in the leather industry.

The overall Bio-based Leather Market is classified based on source, application, and region.

Left over fruits segment will undergo significant development from 2023 to 2032. Innovative methods harness fruit remnants to create sustainable leather alternatives. With a focus on reducing waste and maximizing resources, these bio-based materials offer a promising avenue for eco-conscious fashion. Transforming fruit remnants into durable, ethical leather substitutes reflects the bio-based leather market share towards innovative solutions, fostering sustainability and reducing environmental impact in the fashion industry.

Furniture segment will register a noteworthy CAGR from 2023 to 2032. With a growing emphasis on sustainable materials, bio-based leather emerges as a preferred choice. Manufacturers opt for eco-friendly alternatives that offer the luxurious feel of traditional leather without the environmental impact. This surge highlights the bio-based leather market revenue from ethical sourcing and providing durable and aesthetically pleasing bio-based leather for furniture, meeting both consumer demand for style and commitment to sustainability.

Asia Pacific bio-based leather market will showcase a commendable CAGR from 2023 to 2032. With growing environmental consciousness, consumers seek eco-friendly alternatives. Bio-based leather caters to this demand, offering a responsible choice. As the region embraces ethical consumption practices, the market sees a surge in bio-based leather adoption reflecting Asia Pacific's commitment to sustainable materials and its pivotal role in driving the global shift toward environmentally conscious fashion choices. Additionally, the rising efforts in the adoption of bio-based leather alternatives support the market.

For instance, in November 2023, Asahi Kasei, a Japanese company, along with its US affiliate, Sage Automotive Interiors Inc., invested in NFW, a startup that specializes in creating non-petroleum-based leather substitutes for automotive interiors, forming a strategic partnership. This collaboration aims to aid global automotive OEMs in reducing environmental impacts. NFW utilizes a patented process to craft precision-engineered leather, foam, and textiles, avoiding animal or petrochemical-based materials. Their certified bio-based alternative, Mirum, endorsed by the US Department of Agriculture, comprises natural rubber, fibers, plant oils, pigments, and minerals.

Product Code: 7200

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Bio-based Leather industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Source trends
2.4 Application trends
2.5 Regional trends

Chapter 3 Bio-based Leather Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material analysis
- 3.1.2 Manufacturers
- 3.1.3 Distribution channel analysis
- 3.1.4 Profit margin analysis
- 3.1.5 Effect of COVID-19 on industry value chain
- 3.1.6 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 APAC
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Pricing analysis
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.5.6 Cost structure analysis, 2022
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Environmental Sustainability
  - 3.6.1.2 Animal Welfare and Ethical Concerns
  - 3.6.1.3 Diverse Industry Applications:
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Price Volatility of Raw Materials
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2022
3.9 Porters Analysis
- 3.9.1 Industry rivalry
- 3.9.2 Buyer power
- 3.9.3 Supplier power
- 3.9.4 Threat of new entrants
- 3.9.5 Threat of substitutes
3.10 PESTEL analysis
3.11 Impact of COVID-19 on the Bio-based Leather applications
3.12 Impact of COVID-19 on world economy
3.13 Impact of the Russia-Ukraine war on Bio-based Leather Market

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Bio-based Leather Market Size and Forecast, By Source 2018 - 2032

5.1 Cork
5.2 Corn
5.3 Leftover Fruits
5.4 Mushroom
5.5 Palm
5.6 Pineapple
5.7 Others

Chapter 6 Bio-based Leather Market Size and Forecast, By Application 2018 - 2032

6.1 Automotive
6.2 Footwear
6.3 Furniture
6.4 Garments & Accessories
6.5 Others

Chapter 7 Bio-based Leather Market Size and Forecast, By Region 2018 - 2032

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Indonesia
- 7.4.7 Malaysia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 UAE

Chapter 8 Company Profiles

8.1 Ananas Anam
8.2 Bolt Threads
8.3 Modern Meadows
8.4 MycoWorks
8.5 Natural Fiber Welding
8.6 Vegea
8.7 Desserto
8.8 Piñatex
8.9 Mirum
8.10 Fruitleather Rotterdam
8.11 Ecco Leather
8.12 Ecovative Design
8.13 Toray Industries
8.14 Ultrafabrics
8.15 Tjeerd Veenhoven Studio