Global Printed Leather Market- Market Overview:

The global printed leather market is expected to grow from USD 284.35 million in 2022 to USD 477.7 million by 2030, at a CAGR of 6.7% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand for trendy accessories among consumers.

A printed leather product has a pattern or design engraved in a range of colours using printing equipment and includes small leather prints embedded in large cloths or printing whole leather. There are a variety of activities involved in printed leather, including betting, bingo, and the transfer of resources and money through many hands as well. In order to attract a broader audience to their products, the major competitors are improving their operations and introducing new programs. Leather products can be customized based on a customer's needs, and printing has increased their use from personal to commercial applications. As a result of a growing demand for the customization of luxury leather products, printed leather has become more popular. The growth of the market is also fueled by the increase in personal disposable income. Other indirect market growth factors include an increase in footwear, accessories, and home furnishings availability, and globalization. A surge in leather products as a style statement has led to a boom in the Printed Leather Market. The growth in the Global Printed Leather Market has been attributed to the rising demand for attractive, vibrant leather clothing and accessories coupled with advanced machinery for precise work. In addition, the increasing number of endorsements by celebrities also boosts the market's growth. In the market, there are several well-established players. Consumer demand for leather footwear and other goods has primarily driven the competition.

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Market Dynamics:

Drivers:                          

• E-commerce penetration

As e-commerce platforms begin to penetrate the market and research and development activities increase, market players will have profitable opportunities. As well, the projected growth of the printed leather market will be driven by the growing awareness of the market through social media platforms and the growing brand consciousness.

Restraints:         

• High cost

As the world's leather supply decreases, the cost of leather is going up. In addition, the fluctuating cost of raw materials will limit the growth of printed leather. Also, the rise in awareness of animal cruelty and poaching and the ever-growing vegan population will further deter market growth.

Opportunities:

• Rising demand for trendy travel bags

The printed leather market for travel bags is growing the fastest, while leather bags and handbags are the leading categories within the carrying product market. It seems sensible that customers are more likely to favour fashionable goods since their disposable income is increasing and their lifestyle is changing daily. Market participants will benefit from consumers' discretionary spending by purchasing more fashionable and contemporary goods. This trend will improve the quality of consumers' lives.

Challenges:

• Stringent regulations

Due to the harmful effects of PU and PVC, strict government regulations will further derail the growth rate of the printed leather market. These regulations will be a detriment to the printed leather market, so it is anticipated that this factor will hinder the market growth.

Segmentation Analysis:

The global printed leather market has been segmented based on leather type, method, and region.

By Leather Type

The leather type segment includes synthetic leather and real leather. The synthetic leather segment led the largest share of the printed leather market with a market share of around 59.8% in 2022. Since synthetic leather items have the same attractive appearance as genuine leather goods and are less expensive, consumers are increasingly purchasing them. The majority of synthetic leather is made from synthetic materials, including polyurethane and polyvinyl chloride. Because PU leather produces fewer dioxins than vinyl-based leather, it has been regarded as more environmentally friendly than vinyl-based leather.

By Method

The method segment includes inkjet printing, hand printing, screen printing, heat technique and others. The inkjet printing segment led the largest share of the printed leather market with a market share of around 32.3% in 2022. It is estimated that more than 30% of leather products on the market are printed with inkjet printing. A 3.5% increase in heat techniques used by manufacturers in developing countries has been attributed to the increased demand for leather accessories. Hand Printing has become increasingly important due to the increasing demand for accuracy in luxury goods made from leather. Different techniques, such as solution embedding, are employed to print leather.

Global Printed Leather Market- Sales Analysis.

The sale of printed leather expanded at a CAGR of 5.9% from 2016 to 2022.

Leather's demand has increased significantly over the last few years. Also, the market has been propelled by celebrity endorsements and increased visibility via social media platforms. Consequently, the market is projected to grow rapidly in the coming years.

As an environment-friendly material for the manufacture of shoes and clutches, fish leather is gaining popularity. These innovations explain why the printed leather market is expected to grow at a favourable CAGR.

As customers' disposable incomes increase and their lifestyles change daily, it seems reasonable that they are more likely to buy fashionable goods. Consumers are increasing the quality of their lives through the purchase of fashionable and contemporary goods based on their discretionary money. In light of these consumer trends, market players will have an opportunity to capitalize on the market.

Thus, owing to the aforementioned factors, the global printed leather market is expected to grow at a CAGR of 6.7% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the printed leather market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the printed leather market and held a 37.9% share of the market revenue in 2022.

• The North American region witnessed a major share. In North America, the printed leather market is dominated by strong demand for home furnishing accessories, the expansion of the apparel industry, and rapid globalization. A 3.1% increase in North American demand for printed leather is due to an increasing preference for attractive leather products for home furnishing. A 2.3% increase in demand for printed leather by the local furnishing industry has been attributed to the increased use of printed leather to decorate commercial establishments.
• Asia Pacific is anticipated to experience significant growth during the predicted period. Asia-Pacific is expected to show strong growth due to the growing popularity of different clothing categories and products, as well as increasing personal disposable incomes, according to the managing director of Leather Footwear Industries Ltd., Mohammed Nazmul Hassan. In Bangladesh, 15 to 20 new factories produce leather goods and footwear every year, according to Mohammed Nazmul Hassan. A relatively cheap tariff rate on exports makes Bangladesh a desirable market for foreign leather goods brands.

Global Printed Leather Market - Country Analysis:

• Germany

Germany's printed leather market size was valued at USD 21.3 million in 2022 and is expected to reach USD 36.05 million by 2030, at a CAGR of 6.8% from 2023 to 2030.

To satisfy consumer demands and retain a devoted customer base, market participants have been encouraged to launch new, popular items. In addition, buyers want small, fashionable leather accessories and luggage. Over the years, men's leather gloves, bracelets, and necklaces have become increasingly popular as fashion trends shift. Due to shifting fashion trends, the leather industry is expected to expand in the near future.

• China

China’s printed leather market size was valued at USD 22.17 million in 2022 and is expected to reach USD 38 million by 2030, at a CAGR of 7% from 2023 to 2030.

Printed leather has experienced an increase in demand due to a growing preference for attractive footwear, accessories and home furnishing materials made of leather. This type of customized artificial leather is preferred on a large scale in developing countries. It has been observed that the country's demand for attractive artificial leather products has risen by 10% in the last decade.

• India

India's printed leather market size was valued at USD 17 million in 2022 and is expected to reach USD 28.9 million by 2030, at a CAGR of 6.9% from 2023 to 2030.

 Market growth is largely driven by growing personal disposable income. Also, indirect determinants of market growth are the availability of attractive footwear, accessories etc., and the rise of globalization. Additionally, the increasing number of celebrity endorsements boosts the overall market's growth.

Key Industry Players Analysis:  

To increase their market position in the global printed leather market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Zhejiang Hexin Industry Group Co., Ltd.
• Kuraray Co. Ltd.
• Rainbow Leather
• NAN YA plastics corporation
• Carter’s, Inc.
• Alfatex N.V.
• Yantai Wanhua Synthetic Leather Group Co. Ltd.
• San Fang Chemical Industry Co. Ltd.
• Filwel Co. Ltd.
• Mayur Uniquoters Limited
• R. Polycoats Pvt. Ltd.
• Agfa-Gevaert Group
• Hyphen Concord GmbH
• Leather Hunte

Latest Development:

• In January 2021, As part of its sustainability initiative, Adidas AG announced that mushroom leather trainers would be released. The company teamed up with Stella McCartney, lululemon, and biotech company Bolt Threads to produce plant-based vegan leather shoes.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	6.7%
Market Size	284.35 million in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Leather Type, By Method, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Zhejiang Hexin Industry Group Co., Ltd., Kuraray Co. Ltd., Rainbow Leather, NAN YA plastics corporation, Carter’s, Inc., Alfatex N.V., Yantai Wanhua Synthetic Leather Group Co. Ltd., San Fang Chemical Industry Co. Ltd., Filwel Co. Ltd., Mayur Uniquoters Limited, H.R. Polycoats Pvt. Ltd., Agfa-Gevaert Group, Hyphen Concord GmbH, and Leather Hunte.
By Leather Type	Synthetic Leather Real Leather
By Method	Inkjet Printing Hand Printing Screen Printing Heat Technique Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Printed Leather Market by Leather Type:

• Synthetic Leather
• Real Leather

Global Printed Leather Market by Method

• Inkjet Printing
• Hand Printing
• Screen Printing
• Heat Technique
• Others

Global Printed Leather Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia