According to the research report titled ‘Global Apparel and leather products market Analysis Report By Product (Cotton, Synthetic, Animal Based), By End Use (Women's Wear, Men's Wear, Kid's Wear), By Regional Forecasts 2021-2027.’, available with Market Study Report, global apparel and leather products market was worth USD 818.9 billion in 2020 and is expected to register 18% CAGR over 2021-2027 to reach a valuation of USD 2608.58 billion by the forecast period end.
 

Durability and reliability of leather products, trends set by various film stars and fashion icons, along with availability of various premium clothing material are catalyzing the growth of global apparel and leather products market. Further, utilization of faux leather as an alternative will further enhance the overall industry remuneration in the upcoming years.
 

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For the unversed, leather is made by tanning animal skins and rawhide. It is an adaptable and tough material that is highly preferred in the attire industry, which deals with the creation of pieces of clothing and dresses with raw materials like fur, wool, cotton and manufactured fiber, followed by its retail sale up to exchange with recycled garments and material reuse.
 

Elaborating on the negatives, high manufacturing costs, and governmental directives against animal abuse are likely to restrain the overall apparel and leather products market growth over the projected timeframe. Moreover, poor livestock management coupled with lack of timely & efficient delivery are the other major challenges in the industry.
 

In terms of product gamut, the industry vertical is bifurcated into animal based, synthetic and cotton, whereas the end user terrain is classified into kid’s wear, men’s wear and women’s wear.
 

As per experts, North America market is poised to grow momentously through 2027, attributable innovative works, promptness in new designs, and reasonableness in the attire area.
 

Parallelly, Asia Pacific industry is slated to register notable expansion over 2021-2027 owing to lower cost of raw material and increasing competition.
 

The competitive hierarchy of global apparel and leather products industry is defined by Asahi Kasei Corporation, Reliance Industries Limited, Adidas AG, LVMH Moët Hennessy Louis Vuitton, Hermès USA, Teijin Limited, Nike, Inc., Bombay Dyeing & Manufacturing Company Limited, and Kering among others.