What is Global Plant Based Leather Market?
The Global Plant Based Leather Market is an intriguing and rapidly evolving sector. This market revolves around the production and distribution of leather alternatives that are derived from plant sources. These alternatives are not only eco-friendly but also offer a sustainable solution to the traditional leather industry, which is known for its significant environmental impact. The plant-based leather market is gaining traction worldwide due to increasing consumer awareness about animal welfare and environmental sustainability. This market includes products made from a variety of plant sources such as mushrooms, cacti, and fruits like apples and grapes. The appeal of plant-based leather lies in its ability to mimic the texture and durability of animal leather, while being cruelty-free and more sustainable. The global market for plant-based leather was valued at a significant US$ 674 million in 2023, and it is expected to grow exponentially in the coming years.
Sugar Cane, Pineapple, Cork, Others in the Global Plant Based Leather Market:
The Global Plant Based Leather Market is diverse, with products derived from various plant sources such as sugar cane, pineapple, cork, and others. Sugar cane leather is a bio-based product that is not only sustainable but also biodegradable. It is made by fermenting sugar cane juice to create a material that closely resembles animal leather. Pineapple leather, also known as Piñatex, is made from the fibers of pineapple leaves, which are usually discarded after the fruit is harvested. This type of leather is lightweight, durable, and has a unique texture that sets it apart from other leather alternatives. Cork leather is another popular choice in the market. Derived from the bark of cork oak trees, this type of leather is waterproof, lightweight, and has a distinctive look. Other plant-based leathers are made from sources like mushrooms, apples, and grapes, each with their unique properties and appeal.
Footwear, Garments and Accessories, Furniture, Automotive Interior, Others in the Global Plant Based Leather Market:
The usage of plant-based leather spans across various industries including footwear, garments and accessories, furniture, automotive interior, and others. In the footwear industry, plant-based leather is used to create stylish and sustainable shoes that are not only comfortable but also durable. The garments and accessories industry also utilizes plant-based leather to produce a wide range of products from jackets to handbags. In the furniture industry, plant-based leather is used to upholster sofas, chairs, and other pieces, offering a cruelty-free and eco-friendly alternative to traditional leather. The automotive industry is also embracing plant-based leather, using it to create luxurious and sustainable car interiors. Other uses of plant-based leather include bookbinding, crafting, and in the production of musical instruments.
Global Plant Based Leather Market Outlook:
Looking at the market outlook, the Global Plant Based Leather Market is set for significant growth. In 2023, the market was valued at US$ 674 million. However, it is projected to reach a staggering US$ 1033 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing consumer demand for sustainable and cruelty-free products. As more people become aware of the environmental and ethical issues associated with traditional leather, the demand for plant-based alternatives is expected to rise. This, in turn, is likely to drive the growth of the Global Plant Based Leather Market in the coming years.
| Report Metric | Details |
| Report Name | Plant Based Leather Market |
| Accounted market size in 2023 | US$ 674 million |
| Forecasted market size in 2030 | US$ 1033 million |
| CAGR | 6.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Toray Industries, Bolt Threads, Ananas Anam, Modern Meadows, Natural Fiber Welding, Ultrafabrics, MycoWorks, ECCO Leather, VEGEA, Fruitleather Rotterda, Studio Tjeerd Veenhoven, BioAmber, Flokser, DuPont Tate & Lyle Bio Products |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
