Rapid changes in lifestyle are altering consumer preferences away from animal leather and towards synthetic leather. As a result, companies are investing significantly in the production of synthetic leather from microfibre.
Synthetic leather made of microfibre is considered by experts to be the best vegan leather, but the material is also expensive. A study by the market researchers at FACT.MR segments the market for synthetic leather according to leather types and application areas as well as regions.
Other manufacturers rely on Piñatex as a leather alternative.
Further information about the study can be found here.