The Plant-Based Leather Market size is expected to grow from USD 55.98 Million in 2022 to USD 104.92 Million by 2030, at a CAGR of 8.17 % during the forecast period.
A relatively new substitute for conventional animal-based and vegan leather is plant-based leather. In the last few years, plant-based leathers have gained a lot of popularity among eco-conscious consumers and are a terrific option for those seeking animal substitutes. The main materials used to create these imitation leathers are leftover plant material, such as leaves (from cacti, pineapple, and other plants), flowers, and fruits and vegetables (apples, coconuts, mushrooms, etc.). this days, the main ingredients in vegan leather products like this are also grains like corn and tree cork.
Key Players For The Global Plant Based Leather Market
Adriano Di Marti (Desserto) (Mexico), Veja (France), Natural Fiber Welding, Inc (USA), Veerah (USA), Viridis (Italy), Will's Vegan (UK), Miomojo srl (Italy), Mabel (Italy), Ananas Anam (Piñatex) (UK), Clarino (Philippines), Studio Tjeerd Veenhoven (Netherlands), Volkswagen (Germany), Modern Meadow (USA), Malai Studio (Poland) and Other Major Players
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The global Plant Based Leather market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Plant Based Leather market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Plant Based Leather Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Plant Based Leather market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
Segmentation Analysis of The Plant Based Leather Market:
By Type
- Pineapple Leather (Piñatex)
- Cactus Leather
- Mushroom Leather
- Leaf Leather
- Grain-Based Leather
- Others
By Application
- Clothing
- Accessories
- Footwear
- Automotive interiors
- Home interiors
- Others
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COVID-19 Impact On The Global Plant Based Leather Market
During its early stages, the COVID-19 has had a significant global impact. The worldwide economy has been severely hit, lowering GDP, ever since the epidemic in 2019 and the lockdown and quarantine regulations put in place by the government. The items' supply was reduced by the closure of manufacturing, production, and production locations; the global plant-based leather market was also affected.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments In The Global Plant Based Leather Market
In September 2022, Californian sustainable sneakers company Allbirds has announced the launch of its new ‘Plant Pacer’, a sneakers model that is made with 100% plastic-free plant leather. Plant Leather has been developed in partnership with materials innovation company Natural Fiber Welding Inc., the material used in the footwear contains only natural materials such as rubber, vegetable oils, and agricultural by-products such as rice husk and citrus peel, as stated by the Allbirds.
In March 2021, Global fashion brand H&M introduced a sustainable vegan leather alternative that is made from cactus. H&M stated that they will be using this leather in their upcoming collection called ‘Science Story’. The cactus leather used is called Desserto or nopal vegan leather, is sourced from Adriano Di Marti, a company started by two Mexican innovators - Adrián López Velarde and Marte Cázarez.
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