PUBLISHER: The Business Research Company | PRODUCT CODE: 1409796
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409796
“Skin And Hide Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on skin and hide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for skin and hide? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The skin and hide market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A skin or hide refers to the dried or tanned outer covering of an animal used by humans. Skin is typically associated with smaller animals such as deer and goats, while hide pertains to the outer covering of larger animals such as those in the bovine group or other large mammals. These processed materials are utilized in the creation of a diverse range of goods, including garments, cooking equipment, storage containers, and more.
The primary types of skin and hide products include cattle hides, buffalo hides, and horse hides, which can be either natural or artificial. Cattle hide specifically denotes leather produced from mature bovine hides, finding applications in various household and commercial uses.
The skin and hide market research report is one of a series of new reports from The Business Research Company that provides skin and hide market statistics, including skin and hide industry global market size, regional shares, competitors with a skin and hide market share, detailed skin and hide market segments, market trends and opportunities, and any further data you may need to thrive in the skin and hide industry. This skin and hide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed during the historical period can be attributed to the fashion and apparel industry, footwear manufacturing, automotive upholstery, furniture production, and evolving 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 expansion anticipated in the forecast period can be attributed to sustainable fashion trends, automotive interior design, the luxury goods market, innovations in leather products, and adherence to regulatory compliance. Major trends expected in the forecast period encompass innovations in tanning processes, customization and personalization, initiatives promoting a circular economy, the exploration of alternative leather solutions, and the integration of digital technologies in marketing.
The skin and hide market is poised for growth due to the increasing demand for leather. Leather, a product derived from animal skin, is utilized in the creation of various items such as footwear, purses, and furniture covers. The chemical treatment process, known as tanning, preserves animal hides and transforms them into leather. The rising demand for leather is expected to drive the skin and hide market. For example, in August 2022, Hermes International reported a 16% increase in the sales of its Leather Products and Saddlery business in the first quarter of 2022 compared to the same period in 2021, attributed to consistent demand and expanded manufacturing capacity.
The growth of the footwear sector is a significant factor contributing to the expansion of the skin and hide market. The footwear industry, encompassing the manufacture, distribution, and sale of various types of shoes, benefits from the versatility of skin and hide usage. Leather, known for its durability, comfort, and timeless appeal, is a preferred material in footwear. The World Footwear Yearbook 2023 reported a 7.6% increase in footwear production and a 9% increase in exports in 2022. Global footwear manufacturing reached 23.9 billion pairs, returning to pre-pandemic levels. The surge in the footwear sector is a key driver for the skin and hide market.
Technological advancement is a prominent trend in the skin and hide market, with major companies integrating new technologies to maintain their market positions. For instance, ECCO, a Denmark-based company, introduced DriTan 2.0 technology in May 2021. This technology represents a stage in the leather tanning process that enhances various metrics, including water and energy use, chemicals, wastewater, and sludge. ECCO's DriTan 2.0 reduces energy consumption and chemical usage while upholding the production of high-quality leathers.
Strategic partnerships are another key aspect shaping the skin and hide market, allowing companies to introduce innovative tanning processes. Trumpler GmbH & Co. KG, a Germany-based leather chemical manufacturer, partnered with Archroma in October 2023 to offer the DyTan method. This revolutionary leather production technique provides a more environmentally friendly and cost-effective alternative to traditional metal-free and chrome-tanned leather. The partnership combines Archroma and Trumpler advancements, delivering a groundbreaking solution that prioritizes innovation and sustainability.
In July 2021, Rino Mastrotto Group, an Italy-based company specializing in calf and bovine leather products, acquired Carroll Leather, a US-based provider of tanned hides. This strategic acquisition brings together two businesses with distinct positioning and expertise in the leather industry, enhancing their combined capabilities.
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 Industria e Comercio 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
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 countries covered in the skin and hide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The skin and hide market consist of sales of beaver fur pelts, badger furs, bear hides, bobcat fur pelts, coyote pelts, ermine fur, and fox pelts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.