Increase in Demand for Flexible & Lightweight Products Expected to Drive Global Light Leather Market: Ken Research
Leather is a strong and flexible substanceshaped by treating animal rawhide and skins. It can be formed at business scales ranging from handicrafts worker to modern industrial scale. Leather is used to make a variety of articles, including footwear, clothing and bags. It is shaped in a wide variety of types and styles and ornamentedwithanextensive range of techniques. Light leather materials available in the market assistdiversenecessities of delivering industry, in terms of color, texture, and fabric look. With the developing textile knowledge, consumers nowadays opt for vegan fashion, which denotes to adopting of non-leather products. Thus, it serves as the most appropriate alternative in textile applications. Thelight leather is also easy to use in clothing for creatinga buoyancy competitive to the swimsuits. Increasein trend of the leisure that involves wearing sporty shoes in routine life propellingits demand. The price difference of light leather applications is lower than the ones that are being made from heavy animal hide. Moreover the key advantages of light leather includes thesafety, ease, sturdiness, breathability, better fit, easy while clean, eco-friendliness, stylishness, and others.
According to study, “Global Light Leather Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global light leather market are Fengan Leather, SNXON, Guangdong Tannery, Hongliang Leather, Xingye Leather.
Based on type, light leather market is segmented into no cloth leather, engineering leather and others. In addition, based on application, market is segmented into glove leather, shoe upper leather, garment leather (fur garments leather, suede garment leather and grain garment leather) and others. Moreover, the garment leather is majorly a chrome-tan leather which is been treated by softeners to make it smoother and thinner than the other regular chrome-tan leather. Increase in demand for the new trendy bags and handbags, premium look like leather wallets, and many other products is influencing the growth of the light leather goods market from the past few years.
The light leather market is driven by growth in fashion industry, followed by increase in demand for flexible & lightweight products, change in lifestyle of people, increase in demand for attractive goods, rise in working class population and rise in disposable incomes. However, high cost of goods may impact the market. Moreover, growth in awareness about branded products is a key opportunity for market. Rise in awareness regarding animal safety and concernstogether withlowering of interest over use of heavy leather related product accounting for high market and insufficient supplies, thereby positively influencing the demand of light leather market. The light leather are preferably used in making of footwear, purses & wallets, clothing, bags, automotive seat covers and the other significant furnishing products.
Based on geography, the Asian-Pacific region dominates the light leather market owing to rise in consumption of the product in bags and footwear in the region. Whereas, the European and North-American regions are expected to exhibit substantial growth rate due to high consumption of garments and stringent government regulations over the forecast period. In upcoming years, it is anticipated that future of the market will be optimistic on account of well-established end-use industries during the forecast period.
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Ankur Gupta, Head Marketing & Communications