India’s leather industry is aiming for a monumental growth trajectory, targeting a $50 billion market by 2030. With increasing global demand for sustainable, high-quality leather goods, India is positioning itself to become a dominant player in the global market for leather products, footwear, bags, and accessories.
Key drivers of this ambitious target include technological advancements, a focus on eco-friendly production processes, and the expansion of export markets. The government’s Leather and Footwear Policy, which includes incentives for R&D, skilling programs, and infrastructure upgrades, is designed to propel the industry forward. Additionally, India’s competitive pricing, combined with a growing emphasis on sustainability and ethical sourcing, is expected to appeal to consumers and businesses seeking eco-conscious products.
The sector’s rapid growth is also bolstered by significant investments in mega leather parks, state-of-the-art manufacturing facilities, and global partnerships with brands in Europe, North America, and the Middle East. With a focus on innovation and product diversification, the Indian leather industry is set to capture a larger share of the global market, particularly in high-demand segments like premium leather goods and non-leather footwear.
Industry leaders are optimistic that the $50 billion target is achievable, with government support, private sector collaboration, and enhanced global trade relationships working together to fuel the sector’s growth in the coming decade.
