Growing Demand in the Bio-based Leather Market

Growing Demand in the Bio-based Leather Market

date

May 2, 2024

Blog Advanced Materials Growing Demand in the Bio-based Leather Market

Understanding: Bio-Based Leather

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.

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Global Bio-based Leather Market

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.

Benefits of Bio-based Leather

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.

  • Environment Friendly - The production process for genuine leather causes serious damage to the environment, utilizing hazardous substances such as formaldehyde and chromium in the tanning process. Meanwhile, bio-based leather production involves using almost negligible toxic chemicals and generates less waste.
  • Supports Local Communities - Local farmer communities primarily perform the raw material acquisition for producing bio-based leather. This also enables farmers to earn an additional income from those raw materials that would have been previously discarded as waste.
  • No Harmful Impact on Human Health - Bio-based leather often proves to be a healthier choice for consumers and the environment than animal leathers. These materials are hypoallergenic and lack chromium. Chromium is commonly employed in the production of animal leathers. This characteristic makes plant-based leathers a more user-friendly option.
  • Ethically Sourced - Bio-based leather is an ethical alternative to genuine leather. It does not involve the inhumane treatment of animals, namely, cruel practices such as branding and dehorning.

Leading Key Companies in Bio-based Leather Market

Here are the top leading companies associated with the bio-based leather market.

  • Ananas Anam - Established in 1990. Ananas Anam offers low environmental impact textile solutions that play a key role in lowering the carbon footprint and attaining sustainability targets of its end-user industries. The company is among the key producers of leather-based on waste generated from pineapple harvesting. Ananas Anam is headquartered in London, U.K., and it operates subsidiaries in the Philippines as well as Spain. The company offers two key products under the Pinatex brand, namely, Pinatex Original and Pinatex Mineral. Both products are composed of the same base material, Pinafelt, which is composed of 80% waste pineapple leaf fiber and 20% PLA (polylactic acid).
  • Desserto - Desserto is engaged in offering organic material crafted from the nopal cactus, commonly known as the prickly pear, renowned for its exceptional sustainability and eco-friendly attributes. The company grows its raw material, that is, the cactus, itself in Zacatecas, Mexico. The objective of Desserto is to offer cruelty-free and sustainable leather substitutes without any toxic chemicals, PVC, and phthalates.
  • HZCORK - HZCORK is involved in producing cork leather fabric and related cork products. The company offers a wide range of products, such as cork leather, cork fabric, cork bags, cork coasters, cork sheets, cork rolls, yoga mats and others. Its factories, located in China, source raw cork inputs mainly from Portugal.

Future of Bio-based Leather Market – By BCC Research

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

    Written By Heena Singh

    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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