Non-leather Products Market Growth, Analysis, Opportunities and Top Companies and Business Development Forecast

 

With rising awareness about animal cruelty and strict regulatory policies issued by the governmental and regulatory authorities, the non-leather products market is expected to witness a highly promising growth. There are several other materials that are used in place of non-leather products such as artificial leather (also called as synthetic or vegan leather) along with other materials. These non-leather materials are mainly promoted to promote animal safety and eliminating animal cruelty.

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Non-leather materials are typically used across several application industries such as upholstery, footwear, clothing, and fabric among others. These materials provide leather like finish and higher sustainability. It is cost efficient that the actual leather product and also suitable for other related tasks. In recent years, the production process has evolved for shell coating to be on the top of the list of the manufacturers.

In recent years, the global demand has witness a paradigm shift because of the growing applications across different end user application industries such as clothing, bags, automotive, and furnishing among others. Manufacturers have been promoting their sources, shifting particularly to the suppliers in the Asia Pacific region. Countries such as Vietnam and China have been the chief area of attraction because of the availability of large amounts of raw materials and cheaper freight and labor expenses.

However, in the past few months, the outbreak of the COVID-19 pandemic across the world has considerably impacted the overall market demand for non-leather products. This is mainly because of the preventive and safeguarding measures implemented by different governments in order to stem the spread of the virus. This has thus led to a drop in demand as well as trade of non-leather products across the world and is expected to have an inhibiting impact on market’s overall development in the coming years of the forecast period ranging from 2018 to 2026

Non-leather Products Market – Snapshot

Non-leather products are products that are not made up of animal leather. Non-leather materials are artificial leather, leatherette, vegan leather, PU leather, and pleather. Non-leather products are cruelty-free products. They are cheaper than the original leather products. They are processed with different chemicals using various industrial processes. Non-leather materials include synthetic leather and vegan leather, which is made up of backcloth, cork, recycled ultra-suede, glazed cotton, paper, PET, and polyurethane.  

Key players operating in the global non-leather products market need to focus on promoting benefits of using non-leather products. Major players are engaged in establishing new facilities and enter into acquisitions and mergers to develop and launch new products. These strategies are likely to propel the non-leather products market during the forecast period. On January 23, 2018, Pou Chen Corporation announced a proposal to privatize Pou Sheng International Ltd, its Hong Kong-based subsidiary responsible for sportswear retailing in China.

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The Board of Directors of Pou Chen Corporation approved the plan to spend US$ 1.39 Bn to completely acquire Pou Sheng International Ltd. On March 22, 2018, NIKE, Inc. announced plans to acquire Zodiac Inc., a leading customer data analytics company based in New York City and Philadelphia (the U.S.), in order to strengthen its digital capabilities and accelerate its consumer direct offense strategy.

Key players operating in the global non-leather products market include Pou Chen Corporation, Nike, Inc., PUMA SE, Adidas AG, ASICS Corporation, Samsonite International S.A., The LVMH Group, VF Corporation, VIP Industries Ltd., Gabriel A/S, Inditex Group, Dicitex Furnishing, Kvadrat A/S, MATT & NAT, Delsey SA, and Decathlon Group.

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