Bio-Based Leather Market Segmentation:
Source Segment Analysis
Pineapple segment for bio-based leather market is expected to hold a share of 32% during the forecast period. Because pineapple leather is sustainable and versatile, it is anticipated to develop at the quickest rate in the market. For instance, pineapple leaves' fibres, a by-product of the fruit business, are used to make Pinatex, a leather based on pineapples. It solves ethical and ecological issues by offering a cruelty-free, eco-friendly substitute for conventional leather. The increase in collaborations among various key players for the development of ineapple-based leather products is accelerating the market growth. For instance, Nike and Ananas Anam, the business that makes the vegan leather Pinatex made from pineapples, collaborated to introduce a new line of plant-based sneakers. Utilizing sustainable materials like cork and an animal-free pineapple-based fabric, animal leather will be replaced in some of Nike's most iconic designs, such as the Air Force and Air Max sneakers. Therefore, these factors are contributing to the growth of the segment.
End-use Segment Analysis
Footwear segment for bio-based leather market is anticipated to hold the largest share of 54% during the forecast period. Because bio-based leather is environmentally friendly and cruelty-free, it is being used more and more in the production of footwear. The feel and look of footwear made from bio-based leather is aesthetically pleasing. The development of sustainable solutions is receiving more and more investment from the footwear industry. For instance, in 2020, sustainability strategies were implemented by 40% of shoe manufacturing enterprises (a 6% increase over 2019). When footwear is made from bio-based leather, it can be recycled or biodegraded at the end of its useful life. Furthermore, because of its versatility, bio-based leather may be used for a plethora of additional purposes, which guarantees its expansion and integration into sectors that value ethically and sustainably produced alternatives to traditional leather.
Our in-depth analysis of the global market includes the following segments:
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