Forecast: Leather and Hide Tanning and Finishing Turnover in the US

The forecast for the US Leather and Hide Tanning and Finishing industry indicates a gradual decline in turnover from 2024 to 2028. The turnover is projected to decrease from $1.4968 billion in 2024 to $1.4517 billion in 2028, showing a consistent downward trend. A year-on-year analysis shows a decline of approximately 0.8% annually. In 2023, the industry's turnover stood at approximately $1.506 billion, and the forecast indicates a compounded annual growth rate (CAGR) of around -0.8% over the five-year horizon.

Future trends to watch include the industry's continued adaptation to sustainability and responsible sourcing pressures, technological advancements in manufacturing processes, and potential shifts in consumer demand that may influence recovery or further decline.