Press release
Skin And Hide Global Market Report 2024 - By Demand, Size, Share, Trends, Forecast To 2033
Skin And Hide Market
Skin And Hide Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $174.69 billion In 2028 At A CAGR Of 6.1%.
The skin and hide market size has grown strongly in recent years. It will grow from $129.14 billion in 2023 to $137.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to fashion and apparel industry, footwear manufacturing, automotive upholstery, furniture production, consumer preferences.
The skin and hide market size is expected to see strong growth in the next few years. It will grow to $174.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to sustainable fashion trends, automotive interior design, luxury goods market, innovations in leather products, regulatory compliance.. Major trends in the forecast period include innovations in tanning processes, customization and personalization, circular economy initiatives, alternative leather solutions, digital technologies in marketing.
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Skin And Hide Market Major Segments
The skin and hide market covered in this report is segmented -
1) By Products: Cattle Hides, Buffalo Hides, Horse Hides
2) By Type: Natural, Artificial
3) By Application: Household, Commercial
Key Driver - Leather's Surge Growing Demand Propels Skin And Hide Market Expansion
The increasing demand for leather is expected to boost the growth of the skin and hide market going forward. Leather refers to a product derived from animal skin that is used to create a variety of products, including footwear, purses, and furniture covers. Animal hides or skins are chemically treated to create leather, a process known as tanning. The hides are preserved through this procedure, after which they can be utilized to make shoes, clothing, and upholstered furniture, among other things, hence, the increasing demand for leather is expected to boost the skin and hide market. For instance, in August 2022, according to a report published by World Footwear, a Portugal-based provider of information, news, events, and statistics on the footwear sector worldwide, the sales of the Leather Products and Saddlery business of Hermès International, a France-based luxury goods company, increased by 16% in the first quarter of 2022 compared to the same period in 2021, due to expanded manufacturing capacity and consistent demand. Therefore, the increasing demand for leather is driving the growth of the skin and hide market.
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Prominent Trend - Companies Revolutionize Leather Production With Advanced Technologies In The Skin And Hide Market
Technological advancement is the key trend gaining popularity in the skin and hide market. Major companies operating in the skin and hide market are focusing on incorporating new technologies to sustain their position in the market. For instance, in May 2021, ECCO, a Denmark-based company that offers top-quality leathers and innovative technology, launched DriTan 2.0 technology, a stage in the leather tanning process that yields measurable improvements in all relevant metrics, including water and energy use, chemicals, wastewater, and sludge. The unique feature of DriTan 2.0 technology is that it enables ECCO to use less energy while reducing the use of chemicals. Through the introduction of DriTan 2.0, ECCO upholds a concept that recognizes the value of the world's pristine natural resources and uses just what is necessary to make leathers of the highest quality.
Skin And Hide Market Players
Major companies operating in the skin and hide market report are Norilia Nordic AS, Sanimax Corporation, Texpac Hide & Skin Ltd., AI Bravo Leather Industries, J & E Sedgwick & Co. Ltd., OZ-YUKSEL Leather Company, JBS Couros S.A., Koktaslar Leather, Siddiq Leather Works Pvt. Ltd., Gruppo Mastrotto SpA, Leather Working Group, Horween Leather Co., Baker Commodities Inc., The Hide & Leather House Inc., Maverick Leather Company, PrimeAsia Leather Corporation, Scottish Leather Group Limited, Couro Azul S.A., Couroart Indústria e Comércio de Couros Ltda., Dani Leather, Eagle Ottawa LLC, GST AutoLeather Inc., Elmo Leather AB, Garrett Leather, Shoe Repair And Leather Goods, Nugget Co., Darling International Inc., Exeter Machine Co., Bandera USA, Spinneybeck Enterprises Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the skin and hide market in 2023. The regions covered in the skin and hide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Skin And Hide Market Report Structure
3. Skin And Hide Market Trends And Strategies
4. Skin And Hide Market - Macro Economic Scenario
5. Skin And Hide Market Size And Growth
…..
27. Skin And Hide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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