Global silk market is expected to grow at a steady rate during the forecast period. The global silk market is driven by the increasing demand for silk from the flourishing textile industry. Additionally, extensive use of silk for manufacturing wedding dresses, shawls, sarees, suits, scarfs, ties, pillow, wall-hangings, draperies, among others is further expected to propel the market growth. Furthermore, technological advancements in sericulture and emerging spider silk is expected to create lucrative opportunities for the market growth over the next few years. However, high cost of raw silk can hamper the market growth over the next few years. Also, silk industry is a highly labor intensive. This can slow down the market growth during the forecast period.
With the sudden outbreak of pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different enterprises are also compromised. China is the world’s largest producer and supplier of silk. With China being the epicenter of COVID-19, the silk industry is massively hit by the pandemic. Due to lockdown across major countries in the world, the import and export of silk is highly affected. For instance, the Khadi and Village Industries Commission (KVIC) of India reached out to commerce ministry seeking a ban on import of silk and silk products from China.
The global silk market is segmented based on type, production process, application, company and region. Based on type, the market can be categorized into mulberry silk, tussar silk and eri silk. The mulberry silk segment is expected to dominate the market owing to the increasing demand for mulberry silk from textile industry for making dresses, shawls, scarfs, among others. While, the eri silk segment is expected to hold a significant market share owing to its widespread use for manufacturing shawls and woolen stoles.
Regionally, the silk market
The major players operating in the silk market are Anhui silk Co. Ltd., Kraig Biocraft Laboratories, Inc., Wujiang First Textile Co., Ltd., Wujiang Wanshiyi silk Co., Ltd., Zhejiang Jiaxin silk Corp., Ltd., EntoGenetics, Inc., Bolt Threads Inc, Sichuan Nanchong Liuhe (Group) Co., Ltd, AMSilk GmbH, China Zhongsi Group Co., Ltd and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyze and estimate the market size of global silk market from 2018to 2021.
- To estimate and forecast the market size of global silk market from 2022to 2028 and growth rate until 2028.
- To classify and forecast global silk market based on type, productionprocess, application, company and regional distribution.
- To identify dominant region or segment in the global silk market.
- To identify drivers and challenges for global silk market.
- To examine competitive developments such as expansions, new productlaunches, mergers & acquisitions, etc., in global silk market.
- To identify and analyze the profile of leading players operating in globalsilk market.
- To identify key sustainable strategies adopted by market players inglobal silk market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of silk manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the silk manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of
Key Target Audience
- Silk manufacturers/suppliers/ distributors
- Market researchand consulting firms
- Government bodiessuch as regulating authorities and policy makers
- Organizations,forums and alliances related to silk
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Production Process · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Kuwait; Brazil, Argentina, Colombia; |
| Key companies profiled | Anhui silk Co. Ltd., Kraig Biocraft Laboratories, Inc., Wujiang First Textile Co., Ltd., Wujiang Wanshiyi silk Co., Ltd., Zhejiang Jiaxin silk Corp., Ltd., EntoGenetics, Inc., Bolt Threads Inc, Sichuan Nanchong Liuhe (Group) Co., Ltd, AMSilk GmbH, China Zhongsi Group Co., Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
