Authored By: Sarah
11 Jul 2024

 Silk Market to grow by USD 5001.8 million between 2024-2028

According to a research report “ Silk Market” by Type (Mulberry, Tussar, Eri) Application (Textile, Cosmetics, Medicine) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5001.8 million at a CAGR of almost 9.24% during the forecast period. In the dynamic textile market, silk continues to hold significant market share due to its versatility and desirability. Its expanding demand is driven by fashion trends and the fabric's unique properties, including lightweight texture, lustrous appearance, and comfort in various climates. Sericulture, the industry behind silk production, carries substantial socio-economic impact. With approximately 54,000 villages in India alone contributing to over 60 lakh employees, silk production remains a labor-intensive and culturally significant sector..

Browse market data tables, figures, and in-depth TOC on “Silk Market” by Type (Mulberry, Tussar, Eri) Application (Textile, Cosmetics, Medicine) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.

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By Type, the Mulberry segment is projected to dominate the market size in 2024.

In the business realm, the Silk Market stands out as a significant commercial hub, renowned for its high-quality silk products. This marketplace facilitates transactions between producers and global buyers, ensuring a steady supply of authentic silk goods. By leveraging strategic partnerships and advanced logistics, it maintains a competitive edge in the global silk industry.

By Application, Textile  segment is expected to hold the largest market size for the year 2024.

In the business realm, the Silk Market stands out as a significant commercial hub, renowned for its high-quality silk products. This marketplace facilitates transactions between producers and global buyers, ensuring a steady supply of authentic silk goods. By leveraging strategic partnerships and advanced logistics, it maintains a competitive edge in the global silk industry.

APAC is forecasted to hold the largest market size by region in 2024.

In the business realm, the Silk Market stands out as a significant commercial hub, renowned for its high-quality silk products. This marketplace facilitates transactions between producers and global buyers, ensuring a steady supply of authentic silk goods. By leveraging strategic partnerships and advanced logistics, it maintains a competitive edge in the global silk industry.

The Silk Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AMSilk GmbH
  • Anhui Silk
  • Bolt Threads
  • Camenzind and Co. AG
  • Eastern Silk Industries Ltd.
  • Eris Global
  • Jinchengjiang Xinxing Cocoon Silk Co. Ltd.
  • Kraig Biocraft Laboratories Inc.
  • Libas Ltd.
  • Ongetta srl
  • Qingdao Textiles Group Fiber Technology Co. Ltd.
  • WENSLI
  • Wujiang First Textile Co. Ltd.
  • Xuzhou Shengkun Silk Manufacturing Co. Ltd.
  • Zhejiang Jiaxin Silk Corp. Ltd.
.

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Research Analysis Overview

The global silk market encompasses a wide range of products derived from the natural fiber produced by silk worms. Key items include shirts, ties, draperies, upholstery, pillows, wall hangings, household items, scarves, neckties, wedding gowns, and gowns. Silk-based biomaterials, such as silk polypeptide and silk fibroin, are also gaining popularity in the medical field due to their biocompatibility and biodegradability. The production of silk involves various processes, including weaving and dyeing, throwing, reeling, and cocoon production. Different types of silk, such as Eri silk, Tussar silk, Mulberry silk, Spider silk, and others, are produced using these methods. Sericulture, the process of silk production, is a significant industry that relies on the cultivation of silk worms. Silk is not only used for clothing and household items but also in cosmetics and other industries. Its unique properties, including its smooth texture, strength, and natural luster, make it a desirable material for various applications. The silk market continues to grow, driven by increasing demand for sustainable and natural fibers.

Market Research Overview

The Silk Market encompasses a range of products derived from the Silk Worms, including Nutraceuticals, Amino acids, and Seri-waste products. The Textile sub-segment of this market is renowned for its production of high-end items such as Sundresses, Kimonos, Robes, Formal dress suits, Haute couture garments, Shirts, Ties, Draperies, Upholstery, Pillows, Wall hangings, Household items, Scarves, Neckties, and Wedding gowns. The Silk sector also extends to the creation of Silk material for various applications, including Water Exposure, Sun Exposure, and Dry Cleaning. The Silk Market's appeal lies in the Elegance, Softness, Comfort, and Conductive Properties of this Expensive Material. The Absorbent Nature of Silk makes it an ideal choice for Summer clothing. Silk's applications are not limited to the Textile industry alone; it is also used in Medicine, particularly in Surgical sutures and Dermis skin layer treatments. The prices of Silk material vary based on the quality and source, with Mulberry silk being the most commonly produced and prized type. Other types of Silk, such as Eri silk, Tussar silk, Mulberry silk, Spider silk, and Sericulture by-products, also hold significant value in the market. The production process of Silk involves various stages, including Cocoon Production, Reeling, and Weaving and Dyeing. The final product is a Protein Fiber that offers both Natural Fiber benefits and the potential for advanced applications, such as Tripeptides and Dipeptides, used in Cosmetics.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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