It doesn't have to, Alcantara is extremely robust and a great replacement for leather, just as one example.
But the synthetic leather in cheap products aiming to look like real smooth leather, I think this is the one you mean, time and time again is so inferior it's almost a scam. Shoes will fall apart quickly, sofas, clothing will peel off after 2-3 years when the softener has gassed out.
...and it sucks as a replacement for genuine leather.