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.
According to data from National Bureau of Statistics (NBS), the enterprises above designated size in leather, fur, feathers and their products and footwear manufacturing achieved the sales revenue of1.3399 billion Yuanin2022, witnesses a decline of 0.4 percent year on year, but the profit sees 3.3% growth year on year to 61.44 billion yuan. [The Profit of Industrial Enterprises above Designated Size in ...- www.stats.gov.cn]
The Australian Trade and Investment Commission (Austrade) has signed the memorandum of understanding (MoU) with the Leather Sector Skill Council. The MoU would focus on job roles relating to 3D printing, product design, automation engineering, and computerised stitching machine operations, among others, in the leather industry. [Austrade signs MoU with Leather Sector Skill Council in key ... - chennaipatrika.com]
Fulvia Bacchi, CEO of Lineapelle: "'Made in Italy' is now a real brand, something that combines quality and responsibility in production". So much so that other international segments of the sector are also present at the event attracted by the international charm of the brand. Brazilian Leather and ApexBrasil believe Brazil's presence at Lineapelle NY has fostered connections with international buyers and will generate $20 million in Brazilian exports over the next year.
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