Global Leather Tanning and Finishing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Leather Tanning and Finishing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The leather tanning and finishing industry refers to leather production activities in which raw animal hides are processed by physical and chemical methods of tanning and then finished. The finished leather has the properties of non-perishable, flexible and breathable. Operators in this industry usually buy or obtain raw hides from slaughterhouses, then process and dye them to make finished leather.

Market Overview:

The latest research study on the global Leather Tanning and Finishing market finds that the global Leather Tanning and Finishing market reached a value of USD 25689.31 million in 2022. It’s expected that the market will achieve USD 29809.17 million by 2028, exhibiting a CAGR of 2.51% during the forecast period.

Influence of COVID-19 Outbreak on Leather Tanning and Finishing Market Development

The raging COVID-19 has plunged the global economic environment into depression. The impact of COVID-19 on the leather tanning and finishing industry will involve all entities in the industry chain. The company’s management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, marketing has been delayed, brand adjustments have been forced, market sales have fallen, and company and employee income has fallen. At the same time, since most industry activities rely on global trade, the industry is expected to be more affected by the disruption of the global supply chain.

Due to a significant slowdown in demand from the automobile production, apparel manufacturing and retail industries, the revenue of the leather tanning and finishing industry is expected to drop significantly in 2020. There are many manufacturers in the leather tanning and finishing industry, mostly small companies. COVID-19 has a huge impact on the operation of the industry, and the impact on small businesses is even more obvious. The company’s inability to conduct normal operations and sales aggravated the company’s capital shortage and reduced the company’s solvency. As production is restricted and downstream demand declines, the risk of bankruptcies among companies with poorer risk tolerance increases.

With the gradual control of COVID-19, commodity prices and downstream demand have gradually stabilized, the impact of the outbreak on the market has gradually declined, and the leather tanning and finishing industry is expected to slowly recover.

Market Drivers

For the global leather industry, the main driving force of the demand market is the increasing demand for leather clothing and shoes, which has increased the adoption of leather. The increase in market demand for leather has promoted the growth of the leather tanning and finishing industry. The shoe industry has been developing in a healthy way. With the increase of the population, the demand for shoemaking is expected to increase. In addition, in the manufacture of leather rain jackets, motorcycle jackets and casual wear leather jackets, the demand for leather is increasing. With the increasing popularity of leather garments, the demand for leather tanning and finishing industries will increase.

The luxury leather products market is so profitable that many brands have flooded into the leather market. Nowadays, almost every luxury brand in LVMH, Kering, and Richemont sells leather products. The global market has an increasing demand for high-end leather. In order to keep up with demand, luxury brands have been trying to bundle the best leather. Luxury goods promote leather sales and will also be a driving factor for the growth of the leather tanning and finishing industry.

The increase in personal income per capita, the increase in consumer affluence, and the growth of tourism are some of the key reasons, which have led to an increase in the demand for leather products on the market. Fast-changing fashion trends and increased consumer awareness of various leather products have further increased the demand for leather products in the market. Regular product innovations and constantly changing design models have triggered demand for leather products in the market. The growing trend of buying various leather products will help promote the growth of the leather tanning and finishing market.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

JBS S.A. is one of the major players operating in the Leather Tanning and Finishing market, holding a share of 3.99% in 2020.

JBS S.A. is a Brazilian company that is the largest meat processing company in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats.

Eagle Ottawa LLC manufactures and supplies leather products. The Company manufactures interior leather upholstery used on automotive seats, instrument panels, and door panels. Eagle Ottawa supplies natural shrunken grain leather, chrome tanned leather, non-chrome leather, and auto-grade semi-aniline leather. Eagle Ottawa operates worldwide.

Segmentation Overview:

Among different product types, Vegetable Tanning segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Wearing segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Leather Tanning and Finishing market covered in Chapter 3:

Guangdong Tannery Limited
Feng An
Red Wing’s S.B. Foot Tanning Company
JBS S.A.
Tochigi Leather Company
Horween Leather
American Tanning and Leather LLC
J&FJ Baker
Böle Tannery
Boxmark
Hermann Oak
Law Tanning Company
Xingye Leather Technology Co., Ltd.
Wickett and Craig Tannery
Charles F. Stead Leather
Sichuan Zhenjing
Shinki Hikaku
Eagle Ottawa LLC (Lear)

In Chapter 4 and Chapter 14.2, on the basis of types, the Leather Tanning and Finishing market from 2018 to 2029 is primarily split into:

Vegetable Tanning
Chrome Tanning

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Leather Tanning and Finishing market from 2018 to 2029 covers:

Wearing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)