Shift from Animal Fur to Artificial fur will increase Artificial Fur Market Share up to $ 121.85 mn

The increased awareness of cruelty to animals for obtaining fur has led the textile industry to develop alternatives. The focus of fashion retailers and fashion designers to reduce the use of animal fur will globally increase the demand for the Artificial Fur market. Also, the online retailing of artificial fur allowing end-users to choose the best option as per their requirement will significantly drive the growth of the market.

Technavio's latest market analysis report on "Artificial Fur Market by Application and Geography - Forecast and Analysis 2021-2025" outlines that the artificial fur market size is expected to grow up to USD 121.85 million, at an accelerating CAGR of almost 16% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

View the outlined market report on the Artificial Fur Market Analysis

Artificial Fur Market: Emerging Trends to Impact Market Growth

The following factors are expected to drive the growth of the market during the forecast period:

• The growing prominence of online shopping
• Shift to artificial fur from animal fur
• Increase in the number of initiatives for banning animal fur farming

Factors such as the availability of animal fur as artificial fur, the environmental impact of artificial fur, and the issues related to the use of artificial fur will hamper the growth of the artificial fur market. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.      

Artificial Fur Market: Vendor Analysis

The artificial fur market is concentrated and the vendors are deploying growth strategies such as focusing on differentiating themselves based on service qualities and innovations to compete in the market. The growth of the players depends on several factors such as market conditions, government support, and industry development. Ambassador Textiles Ltd., Aono Pile Co. Ltd., Bartfeld, Chicago Fabrics Inc., DealTask Pty Ltd., EZ Fabric Inc., Kolunsag Muflon Sanayi Ltd., Ramtex Inc., Sommers Plastic Products Co., and Texfactor Textiles are some of the major market participants.

Reasons to Buy Cloud-based Contact Center Market Report:

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist artificial fur market growth during the next five years
• Estimation of the artificial fur market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the artificial fur market across North America, Europe, APAC, South America, the Middle East, and Africa
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of artificial fur market vendors