Leather Industry - Does It Have a Future?

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Future of Leather Industry

If you take into consideration various factors like social, economic, population growth, rapid urbanization, maintaining modern lifestyles, and emergence of fashion trends, then you can anticipate that future of leather industry is bright because products constructed from leather fabric are strong, long-lasting, durable, versatile, breathable, timeless, manifest attractive appearance, glossy surface, soft lining, and contain material softness, suppleness, and flexibility, and more importantly, men and women wear and use leather goods on daily basis worldwide.

Leather goods tend to provide great fascination, practical benefits, and comfort to people because leather products such are shoes, boots, sandals, jackets, bags, gloves, furniture, and various popular accessories are robust, longer lasting, versatile, hypoallergenic, have fascinating styles, strong construction methods, lasting durability, and these are long-term money investment choice for the men and women all over the world. 

Those countries which have comparative advantage in producing quality hides and skins and have strong setups of crafting, tanning, dyeing, and manufacturing leather goods on cheaper rates, then these nations are in a good position to earn substantial foreign exchange, so, the future of leather industry continues to be bright because besides durability and toughness of leather material, majority of people have on and use leather goods on daily basis worldwide.

Except plausible exceptions which are based on market competition and change in perception of the buyers, you see that all high-quality consumption goods and products made of leather which people put on and use on every day basis will never witness a decline.

What is the Demand for Leather?

Leather is the byproduct of meat industry, so, quality hides and skins which tanneries obtain from different breeds of animals like cows, bovines, buffaloes, goats, lambs, deer, sheeps, and various expensive exotic hides and skins.

Keeping in view of the above cited excellent factors associated with high quality and lasting durability of leather fabric, you are aware that leather goods which are exclusively constructed for having on and using by majority of people who demand different leather products for their daily use which include footwear, clothing, furniture, bags, and various luxury accessories.

Leather goods are durable, strong, breathable, long-lasting, and elegant, have eye-catching appearance, smooth surface, comfortable inner sides, and provide comfort to the wearers and users, so, men and women will continue to demand for normal and luxury leather goods in their everyday usage, so, you can say that with strong demand potentials, leather sector possesses a never-ending bright future!

Demand for Leather Footwear Segment

According to the study of Statista, revenue in the Leather Footwear segment amounts to US$ 142.60 billion in 2023 and the market is expected to grow annually by 2.22% with Compounded Average Growth Rate in the forecast period from 2023 to 2027.

Demand for Luxury Leather Goods

As per the forecast of Statista, in leather luxury goods, the worldwide revenue remained US$ 48 billion in 2019 and same is expected to increase to US$64 billion by 2025.

You see that leather industry and demand for goods constructed from real leather will continue to rise in all segments such as shoes, jackets, bags, luggage, belts, key cases, desk decorative items, furniture, and other accessories, so, genuine demands for leather products have no end point.

Leather Industry with Bright Future

Goods constructed from natural leather are comfortable, durable, timeless, sturdy, long-lasting, versatile, and long-term investment money choices because men and women tend to use and wear leather products for the longest span of time. 

To craft high-quality leather products, companies heavily invest in installing high-tech machines and relevant technologies on their production premises.

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To highlight the importance of leather industry and its associated bright future, following few lines are described below.

Leather is Breathable

Goods made from leather are durable, longer lasting, robust, and these are breathable which allow air, heavy perspiration, and vapors to pass through leather walls, thus, keeping body parts of humans cool, dry, ventilated, and protect them from itching, bad smells, allergies, fatigue, and discomfort.

Protection from Cold Weather

Leather jackets, boots, shoes, and other garments are strong, durable, comfortable, warm, nicely designed, elegantly constructed, and these protect wearers from freezing weather conditions, chilly winds, cold rainy spells, and snow falling.

Thick layers of natural fibers of leather have special properties to keep body parts of wearers warm and comfy in cold weather and thick fabrics of leather products do not allow their body heat to pass out, so, wearers feel comfortable and warm whenever they move out in winter season.

Fashion Appealing and Style

Goods constructed from leather are elegant, fashion appealing, attractive, fascinating, eye-catcher, durable, trendy, long-lasting, strong, contain glossy upper, magnificent designs, material suppleness, and soft lining.

Whenever you move in your social circles while wearing nicely constructed pair of leather shoes, putting on stylish leather belts, having on popular leather jacket, and using leather wallet, so, these elegant products combining makes your personality fashion appealing and you reflect dynamic style in front on hour relatives, colleagues, clients, and loved ones, so, because of attraction, durability, and style, leather and goods made of it have a good and lasting future.

Innovation in Leather Industry

This is the age of technology, seamless mobile connectivity, increasing high speed internet penetration, Internet of Things, virtual reality, 5G spectrum, augmented reality, flourishing of knowledge economy, and growing commercial activities through use of e-commerce stores, and dynamic, responsive, and fast loading websites.

Leather sector is now well-poised to take advantages of innovation in technologies which tend to increase marketing efforts, brand image, product promotion, sales, revenues, and profits manifolds on local and international levels.

Top brands of footwear, jackets, briefcases, bags, and all famous accessories are marketed, promoted, distributed, channelized, and sold using innovative and high-tech commercial websites and e-commerce stores worldwide.

Therefore, in the perspective of massive adoption and penetration of technologies by leather sector, demand for leather goods continue to rise and industry thrive with a bright future.

Does Leather Pollute Environment?

It is a well-established fact that real leather is eco-friendly, easily decomposable, sustainable, hypoallergenic, and does not pollute ecology of earth while synthetic materials are not eco-friendly, take hundreds of years to decompose, and badly pollute atmosphere of earth specially when these are burned in open places.

You can safely say that leather and leather goods are environmentally friendly, so, as a wise and well-informed consumer, when you choose to buy products made of real leather, then it indicates that you are going to support environmentally friendly products.

Brief History of Leather Industry

History of leather is one of the oldest industries which dates back to nearly 5000 BC where people used to hunt wild animals and byproducts of them such as hides, skins, tusks, bones, and skulls which ancient people used for making rugs, footwear, implements, garments, daily used articles, ornaments, tools, and other necessary accessories.

History guides us that in the old ages, leather was used to be tanned for domestic consumption in Arabic regions, Mesopotamia, Babylonian, Africa, and European regions.

Is Leather Industry Declining?

There are organizations and activists that aggressively support welfare of animals and continue to promote for using footwear, jackets, bags, and other accessories made of vegan fabric and faux leather which are petroleum-based products.

Though, there is a decline of meat consumption in some parts of the world, but overall meat consumption has risen worldwide because of the increase in middle income urban class all over the world, so, this trend tends to increase demand for goods constructed from real leather.

Despite the hard voices periodically raised from certain quarters against the use of animal sourced hides for using and wearing of leather goods such as garments, footwear, bags, and other accessories, but leather industry has been consistently thriving and its shares in different segments of leather products are increasing on global level.

Hope you have enjoyed this article.