May 2, 2024
Blog Advanced Materials Growing Demand in the Bio-based Leather Market
Bio-based leather refers to a sustainable leather substitute that is wholly or partially produced from plants, plant-based waste and/or bio-based materials. It mainly comprises tree bark, fruits, and plants such as grapes, cactus, bananas, mushrooms, pineapples, mangoes, coffee grounds, apples, and corn, among others.
As the COVID-19 pandemic ended, sustainable products including bio-based leather began gaining widespread popularity as an environmentally friendly and cruelty-free alternative to animal hide and plastic-based leather.
This blog provides information about bio-based leather, including its benefits, leading key companies, and future market forecasts till 2028. This market is estimated to reach $902.4 million by 2028 with a compound annual growth rate (CAGR) of 6.2% from 2023 to 2028.
The global market for bio-based leather is estimated to increase from $668.6 million in 2023 to reach $902.4 million by 2028, at a compound annual growth rate (CAGR) of 6.2% from 2023 through 2028.
Bio-based leather has proven to be a game changer in the worldwide leather market. These are also highly versatile and can be employed in a wide range of applications, from bags to furniture.
The key benefits of bio-based leather over genuine (or natural) and plastic-based leather are detailed below.
Here are the top leading companies associated with the bio-based leather market.
BCC Research has published a report on the "global bio-based leather market". This market is estimated to reach $902.4 million by 2028 with a compound annual growth rate (CAGR) of 6.2% from 2023 to 2028. Bio-based leather market is emerging as a key disruptor in the global leather industry. This innovative material is attracting significant attention due to its animal cruelty-free and eco-friendly nature, thereby holding immense potential to revolutionize the global fashion sector. At present, the overall bio-based leather market is expected to register rapid growth during the upcoming years.
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Heena Singh is a Senior Executive Email Marketer at BCC Research, with a master’s degree in computer applications. She specializes in content creation and data analytics.
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