As per the recently published report by MarketsandMarkets™, The “Bio-based Leather Market by Source (Mushroom, Pineapple, Apple, Cactus, Tree Bark, Leftover Fruits), End-Use Industry (Footwear, Garments & Accessories), and Region (North America, Europe, APAC, MEA, South America) – Global Forecast to 2028″, size was USD 107 million in 2023 to USD 216 million by 2028, at a CAGR of 15.0% from 2023 to 2028. Bio-based leather is an appealing alternative to traditional leather due to its distinct properties, compelling societal needs, and numerous benefits. At first glance, bio-based leather is environmentally friendly and sustainable since the material is obtained from renewable sources such as mushroom, pineapple, apple, cactus, tree bark, leftover fruits, and others considerably lowering the environmental impact of leather production. Since it does not entail animal exploitation, it also answers the growing need for cruelty-free alternatives. Bio-based leather has the capacity to emulate the look and feel of traditional leather while also offering unique textures and colors. This dominance can be attributed to the escalating demand for eco-friendly and sustainable leather within the footwear, garments & accessories, automotive industries, serving a multitude of applications.
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- 250 Market data Tables
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- 236 Pages and in-depth TOC on “Bio-based Leather Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key players in bio-based leather market are Natural Fiber Welding, Inc. (US), Ananas Anam Ltd. (UK), MycoWorks Inc. (US), Bolt Threads Inc. (US), Modern Meadows (US), Adriano di Marti (Mexico), Ultrafabrics Holdings Co., Ltd. (US), Beyond Leather Materials (Denmark), Fruitleather Rotterdam (Netherlands), and VEGEA (Italy). These companies are known for developing a wide variety of bio-based leather used in various end-use industries. To address the rising demand for bio-based leather across a range of applications, players in the bio-based leather market are primarily focusing on their research and development. Companies may improve their source range and better quality of leather to promote bio-based leather.
Recent Developments in Bio-based Leather Market in Bio-based Leather Market Industry
- In June 2023, Natural Fiber Welding, Inc. announced a partnership with Ahima that will make it easier to sample and develop footwear made with MIRUM. This partnership will help the company to cover a wide range of markets.
- In June 2023, Modern Meadows announced its strategic partnership with Navis TubeTex. It will help the company redefine the dyeing, finishing, and coating equipment segment, integrating Modern Medows’ cutting-edge Bio-Alloy technology with Navis TubeTex’s advanced Gaston Systems foam technology equipment.
- In May 2023, Modern Meadows launched Bio-VERA, a novel, sustainable, animal-free biomaterial that looks, feels, and naturally ages like traditional leather, suede, or chamois. The highly anticipated Bio-VERA biomaterial is powered by the proprietary Modern Meadows Bio-Alloy technology application platform and designed to create a positive impact on both people and the planet.
- In March 2023, Adriano di Marti announced the launch of a new bio-based leather named Desserto Agave which is made of leaves of an agave plant, which in turn is a byproduct of tequila production process. The leaves are processed to remove the fibers, which are then blended with resin to create a leather-like material.
- In February 2023, Natural Fiber Welding, Inc. announced a partnership with Lenzing AG to offer TENCEL branded fibers as another backer option for Natural Fiber Welding, Inc. patented plant-based technology, MIRUM. The partnership will help the company to develop infinite possibilities for application from the new material.