NEW
YORK, June 25, 2024 /PRNewswire/ -- The global
artificial fur market size is estimated to grow by
USD 184.2 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 18.92% during the forecast
period. Growing prominence for online shopping is
driving market growth, with a trend towards product
developments by market vendors. However, availability of
animal fur as artificial fur poses a challenge. Key market
players include Ambassador Textiles Ltd., Aono Pile Co. Ltd.,
Bartfeld, DealTask Pty Ltd., ECOPEL, EZ Fabric, JiangSu Unitex Co.
Ltd., Kolunsag Muflon Sanayi Ltd., Nanjing Eastsun Textiles Co.
Ltd., Pahwa Fur Fabrics Pvt. Ltd., Peltex Fibres Sarl, Ramtex Inc.,
Shannon Fabrics Inc., Sommers Plastic Products Co., Texfactor
Textiles, Trims Lannd, USA Knit
Products, Wayfair Inc., Youngman Woollen Mills Pvt. Ltd., and
Zhejiang Fur Co. Ltd..
![Technavio has announced its latest market research report titled Global artificial fur market 2024-2028 Technavio has announced its latest market research report titled Global artificial fur market 2024-2028](https://mma.prnewswire.com/media/2446004/IRTNTR41327_bw2.jpg)
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Apparel,
Upholstery and home textiles, and Other accessories), Distribution
Channel (Online and Offline), and Geography (APAC, Europe, North
America, South America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Ambassador Textiles
Ltd., Aono Pile Co. Ltd., Bartfeld, DealTask Pty Ltd., ECOPEL, EZ
Fabric, JiangSu Unitex Co. Ltd., Kolunsag Muflon Sanayi Ltd.,
Nanjing Eastsun Textiles Co. Ltd., Pahwa Fur Fabrics Pvt. Ltd.,
Peltex Fibres Sarl, Ramtex Inc., Shannon Fabrics Inc., Sommers
Plastic Products Co., Texfactor Textiles, Trims Lannd, USA Knit
Products, Wayfair Inc., Youngman Woollen Mills Pvt. Ltd., and
Zhejiang Fur Co. Ltd.
|
Key Market Trends Fueling Growth
The global shift towards reducing animal fur use in apparel
manufacturing is driving market growth for artificial fur. Ecopel's
introduction of Flur, a plant-based, biodegradable alternative,
showcases this trend. DuPont's Sorona fibers and recycled polyester
blend are key components. Nanjing Eastsun Textiles' long pile faux
Raccoon fur, made of acrylic and polyester, also contributes to
this trend, with applications in puffer collars, scarves, and hats.
These developments underscore the commitment of fashion retailers
and brands to animal care and sustainability, increasing demand for
artificial fur.
The artificial fur market is experiencing significant growth,
driven by increasing demand for animal-friendly alternatives in
fashion and home decor. Producers are focusing on improving the
quality and appearance of synthetic fur to mimic real fur closely.
New technologies like Russsian ukrainge fabrics and geographic
advances in marketing are expanding the reach of artificial fur.
The use of volumetric textiles and advanced production processes
enable the creation of more realistic textures and colors.
Additionally, the rise of e-commerce and the convenience it offers
has made purchasing artificial fur easier than ever. The future
looks bright for this industry, with revenue expected to grow
steadily.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global artificial fur market is experiencing growth due to
the rising preference for cruelty-free alternatives to real fur.
However, concerns over mislabeled products containing real animal
fur have emerged. In 2017, Sky News exposed the sale of rabbit,
raccoon dog, mink, and cat fur as artificial fur on the British
high street by retailers such as Boohoo, Missguided, House of
Fraser, and Boots. In 2022, Amazon, TK Maxx, and Groupon faced
similar accusations. These incidents can damage consumer trust and
hinder market expansion.
- The Artificial Fur market faces several challenges in its
growth. Consumption patterns and preferences for real fur are
decreasing due to ethical concerns and animal welfare issues. This
shift in consumer behavior poses a significant challenge for
manufacturers and retailers of artificial fur. Additionally, the
production process of artificial fur involves the use of volatile
chemicals, which can be harmful to the environment and human
health. Regulatory compliance and sustainability are key concerns
for businesses operating in this sector. Furthermore, the
increasing popularity of synthetic alternatives, such as faux
leather and other plant-based materials, adds to the competition in
the market. Despite these challenges, the demand for affordable and
ethical alternatives to real fur continues to drive growth in the
artificial fur market.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This artificial fur market report extensively covers market
segmentation by
- Application
- 1.1 Apparel
- 1.2 Upholstery and home textiles
- 1.3 Other accessories
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Apparel- Artificial fur market experiences
consistent growth due to increasing consumer demand for ethical and
sustainable alternatives to real fur. Businesses manufacture and
sell this synthetic material in various forms, including coats,
hats, and rugs. Major players in the industry include companies
like China Rasno Group and Shenzhen Orient Fur. These businesses
invest in research and development to improve the quality and
appearance of artificial fur, making it a viable option for both
fashion and home decor.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Artificial Fur Market is witnessing significant product
developments, with an increasing focus on sustainability. Recycled
plastic is being utilized to create eco-friendly alternatives to
real fur. Private label brands are capitalizing on this trend,
offering consumers ethical and sustainable options. Bartfeld,
ECOPEL, EZ Fabric, Texfactor Textiles, and Trims Land are among the
initiatives spearheading this shift. The market scenario is
favorable for growth, with governments offering incentives to
encourage the use of artificial fur. Handmade and machine-made fur
are both popular choices, catering to different consumer
preferences. The banning of animal fur farming poses risks for
traditional fur industries, making development areas crucial for
better decisions at both the national and local levels. Emerging
markets are also presenting opportunities for growth strategies in
the artificial fur industry.
Market Research Overview
The Artificial Fur Market encompasses the production and
distribution of synthetic fibers designed to mimic the appearance
and texture of natural fur. These fibers are commonly used in
various industries, including fashion, home decor, and automotive,
to create products that resemble real fur without the ethical
concerns or environmental impact. The production process involves
the use of materials such as polyester, acrylic, and nylon, which
are extruded into fibers and then processed to create the desired
texture and appearance. The market for artificial fur is driven by
increasing consumer demand for ethical and sustainable alternatives
to real fur, as well as advancements in technology that allow for
more realistic and high-quality synthetic fibers. Additionally, the
growing trend towards veganism and animal welfare is further
fueling the growth of this market. The textile industry is a
significant contributor to the global economy, and the artificial
fur segment is expected to continue its growth trajectory in the
coming years.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Apparel
- Upholstery And Home Textiles
- Other Accessories
- Distribution Channel
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/artificial-fur-market-size-is-set-to-grow-by-usd-184-2-million-from-2024-2028--growing-prominence-for-online-shopping-to-boost-the-market-growth-technavio-302180136.html
SOURCE Technavio