Investment Opportunity In Leather And Leather Products Industry
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Introduction –
Tanning is a process of using skins and hides of various animals to produce leather. All these processes take place in a factory, which is known as a Tannery.
The tanning process permanently alters the skin’s protein structure and makes it strong and not easily decomposable. Before initializing the process, it requires some specific procedures to be performed on the skin to make it more usable such as de-haring, degreasing, de-salting, etc.
Market Potentials
The global leather goods market size has assured the growth in market size at a Cumulative Annual Growth Rate of about 5.4 percent in the upcoming years. The increasing demands for comfortable, trendy, and fancy footwear has forced the leather industries to reach great heights in the market. It has seen an all-time peak in the value of the market size being approximately around 414.0 billion USD.
The graph typically represents how the leather industries will grow in the coming years. So leather industries can prove to be a great aspiration for people going forward.
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Leather Production Process
The process of Leather production has three stages: Preparing the skin for tanning, which includes processes such as the removal of hair and adherent flesh, the tanning in the tanyard, and the surface finishing process.
Preparation – The cured hides and skins are prepared for tanning by several operations, collectively known as the beam house operations. Caustic soda, sodium sulfide, and surfactants are some chemicals that are added to the water to accelerate the soaking of dry-salted or dried hides. These skins are then immersed in the milk of lime to loosen the epidermis and hair roots. To remove the epidermal debris and fine hair roots, we perform scudding.
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Tanning: The two main methods used for tanning are Vegetable and Chrome tanning. Vegetable tanning is carried out either in pits or in rotating drums. The Chrome-tanning process most often used is the one-bath method, where the hides are milled in a colloidal solution of chromium sulfate until tanning is complete. After the tanning, to shape and condition the leather, we process the hide further.
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Re-tanning, coloring, and fat-liquoring: Most of the leathers undergo coloring, leaving aside sole leathers. It is performed in a batch mode, and all the three mentioned processes are carried out in the same drum.
Finishing: After drying, tanned vegetable leather is subjected to mechanical operations and given a final polish. This step generally includes the application of various solvents, plasticizers, binders, and pigments. Pads, flow coating, and sprays are some ways of applying the substances on the newly manufactured leather.
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The Leather Industry in India
Leather has been one of the most widely traded commodities globally. The increasing demand for leather is driven by the fashion industry, specifically footwear. Considering India’s economy, the leather industry holds a prominent place due to its substantial export earnings and growth.
– Talking about actual figures, the export of footwear, leather, and leather products from India reached an enormous value of US$ 5.69 billion during 2018-19.
– The Leather industry has been an employment intensive sector as it has provided jobs to about 4.42 million people, mostly from the weaker sections of the society.
– India has always been a big boost for increasing the leather industries all over the world as they have been putting their best foot forward in manufacturing the right leather products. The essential states producing a high amount of leather products include Tamil Nadu, West Bengal, Uttar Pradesh, Maharashtra, Haryana, and Delhi.
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Future Outlook
Due to the immense potential of growth and development, the GOI had identified the Leather Sector as a Focus Sector and has been introducing various industrial development programs. The government is in full support of augmenting the production, thereby enhancing the export, creating additional employment opportunities.
Conclusion
This report on Leather Industries shows very high hopes of breaking records in the market. The Niir Project Consultancy Services (NPCS) provides its users detailed reports and start-up ideas which can prove to be very helpful for an entrepreneur. All the projects done by the employees of the NPCS are absolutely reliable. It will show various start-up ideas, business ideas and many more.
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