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BOSTON, May 6, 2021 /PRNewswire/ Dwindling demand for cow-based products and growing interest in sustainability are driving innovation in leather alternatives, and now is the time to invest, according to new data from Lux Research, a leading provider of tech-enabled research and innovation advisory services. The $400 billion leather goods market is already accepting of alternatives like pleather, on its own a market in the mid-tens of billions of dollars, and with no one-size-fits-all solution, there is ample opportunity to partner or invest.
Lux s new report, The Next Alternative: Leather, explores the wide landscape of alternative leathers and makes predictions on the timeline on which these materials could be seen on your next handbag or shoe.