According to Technavio, the global leather handbags market size is estimated to grow by USD 8.5 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.84%. Moreover, the growth momentum will accelerate. APAC (North America, Europe, South America, and Middle East and Africa) will account for 32% of the market's growth during the forecast period.
The Phnom Penh Post comments on the customs data of exports of shoes and components for footwear: the export of the sector in the first 9 months of this year amounts to 1.325 billion dollars, up 32.69% compared to 998.238 million last year. However, it signals a slowdown in new orders in the third quarter and also other difficulties in production that will affect exports in the coming months. Among the reasons, post-Covid-19 global inflation and the rise in oil prices. [Footwear exports may slip in Q4 - Phnom Penh Post]
Stahl, leather production chemicals, has published its new Environment, Social, and Governance (ESG) Report. The report outlines the company’s sustainable development ambitions and its achievements over the past year. It also features Stahl’s ambitious climate mitigation targets for 2030, such as the transition to more renewable feedstocks. Stahl’s 2021 ESG Report is available as a fully digital version.
Bursa Leather Specialization and Mixed Organized Industrial Zone (BURSA DİKOSAB) closed 2021 with growth, but aims to increase the tanning capacity of leathers to 500 tons. The OIZ will have an area of 355 hectares. DİKOSAB will expand the effluent treatment plant and open a solar power plant. Background: Footwearbiz data from Turkey shows leather sector export values of more than $1.75 billion in 2021, an increase of 29% over the previous year.
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