The leather goods market in India is forecasted to experience an impressive 20% growth by 2028, fueled by rising consumer demand, expanding e-commerce platforms, and increasing disposable incomes across the country. This growth reflects the rising popularity of premium leather products such as bags, footwear, wallets, and accessories, which are becoming more accessible to a broader segment of the population.
The expansion of online shopping is a key driver of this growth, as consumers increasingly turn to e-commerce for customized and personalized leather goods. The convenience of online platforms, coupled with advancements in digital tools that allow customers to design their own products, is pushing the market forward. This trend is not only reshaping the domestic market but also expanding the export potential for Indian manufacturers, particularly in regions like Europe, North America, and the Middle East, where demand for high-quality leather goods is on the rise.
Sustainability is also playing a crucial role in this growth. As consumer preferences shift toward eco-friendly products, Indian leather manufacturers are adopting sustainable production techniques, such as chrome-free tanning and the use of plant-based leather alternatives. These innovations align with the growing global demand for ethical fashion and are positioning India as a key supplier of sustainable leather products.
Additionally, the Indian government’s support through policies like the Leather and Footwear Policy and the development of leather parks is creating an environment that fosters innovation and investment in the sector. These initiatives are expected to further stimulate market growth by improving manufacturing infrastructure, promoting export activities, and providing financial incentives to companies in the leather industry.
By 2028, the Indian leather goods market is poised to not only experience domestic growth but also become an even more significant player in the global leather goods market, driven by sustainability, innovation, and the rising demand for custom, high-quality products.
