Press release
Printed Leather Market is Anticipated to Grow at a CAGR Of 6.60 Percent to Reach USD 444.38 Million By 2029
Printed Leather Market
The demand for leather has grown significantly during the past few years. Additionally, the market development has been propelled by the growing number of celebrity endorsements and the increased exposure thanks to social media platforms. The market is thus anticipated to expand quickly throughout the predicted timeframe.
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Printed Leather Market Dynamics
Drivers:
Rising Popularity of Leather Products
Rising popularity of wide variations in clothing categories and products is largely boosting the market growth for the forecasted period.
Additionally, the increasing personal disposable income are the major factors fostering the growth of the market. Growing availability of attractive footwear, accessories and home furnishing materials, and rising globalization are some other indirect market growth determinants. Moreover, the factors such as the rising number of endorsements using celebrities also boosts the overall market's growth.
Opportunities
Penetration, Research and Development and Awareness
Furthermore, the growing penetration of e-commerce platforms along with the rise in the research and development activities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness via social media platforms along with the surging brand consciousness will further expand the future growth of the printed leather market.
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COVID-19 Impact on Printed Leather Market
The recent outbreak of coronavirus had a huge impact on the printed leather market. The COVID-19 outbreak brought the travel and tourism business to a halt in many parts of the world, leather bagpacks, wallets, and coats have seen a drop in sales. Because the COVID-19 epidemic is still present in India, it is expected to harm leather exports from the country, which is the world's second-largest producer of leather and leather goods. This is predicted to result in a decrease in economic activity in India's printed leather business.
On the brighter side, the decline in COVID cases will lead to the recovery of the market as the halted operations will continue and the market is anticipated to flourish post COVID-19.
Global Printed Leather Market Scope
Leather Type
Real Leather
Synthetic Leather
Leather Category
Bovine
Sheep
Lamb
Poly Vinyl Chloride Leather
Polyurethane Leather
Method
Hand Printing
Heat Technique
Screen Printing
Inkjet Printing
Others
Product Category
Clothing
Home ware
Others
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Printed Leather Market Regional Analysis/Insights
The printed leather market is analyzed and market size insights and trends are provided by country, leather type, leather category, method and product category as referenced above.
The countries covered in the printed leather market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the printed leather market because of the owing to the strong demand for home furnishing accessories growth and expansion of apparels industry and rapid globalization within the region.
Competitive Landscape and Printed Leather Market Share Analysis
Some of the major players operating in the printed leather market are
Kuraray Co. Ltd. (Japan)
Carter's, Inc. (U.S.)
Leather Hunte (India)
CMYKing (Portugal)
Agfa-Gevaert Group (Belgium)
Bags of Love (UK)
Hyphen Concord GmbH (Germany)
Rainbow Leather (U.S.)
MAHI Leather (UK)
San Fang Chemical Industry Co. Ltd. (Taiwan)
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