A worldwide Silk market research report gives most appropriate and specific information to the decision makers in the ABC industry which saves their time and result in excellent output. Market analysis and market segmentation has been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. The information covered in the large scale Silk report not only aids businesses in taking sound and proficient decisions but also helps decide the advertising, promotion, marketing and sales strategy more gainfully.


The consistent Silk market report assists in finding out the likely market for a new product to be launched and the most pertinent method for the distribution of certain product. With this market document; information about many market related factors can be retrieved by using actionable market insights and comprehensive market analysis. Furthermore, the report also displays data on key players, major collaborations, merger & acquisitions along with trending innovation and business policies. What is more, emerging product trends, major drivers, challenges and opportunities in the market are evaluated accurately while generating Silk market research report.

View Detailed Analysis Report” https://www.databridgemarketresearch.com/reports/global-silk-market

Over the last few years, there has been immense growth in the textile industry due to which silk has witnessed increased demand over the forecast period. Additionally, the silk market requires less investment because it does not require complex machines and equipment to produce. It is more labor-intensive than investment-intensive industries. These factors contribute to the market's expansion.

Data Bridge Market Research analyses that the global silk market was valued at USD 432.65 million by 2022 and is expected to reach the value of USD 771.62 million by 2030, at a CAGR of 8.30% during the forecast period of 2023 to 2030. “Textile segment” dominates the application segment of the global silk market part owing to its remarkable features such as lightweight fabric, luxury, and great strength. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Silk is a natural fibre that is obtained from cocoon of silk worms. Thus, the process of growing silk worms to obtain and produce silk is called sericulture. In the past, silk was used to make parachutes but now it is used to make clothes. The protein fibre of silk is composed of fibroin. The best silk is obtained from cocoons of the larvae of a mulberry silkworm Bombyx mori. Real silk is very expensive as it takes around 10,000 cocoons to obtain that quality of silk. Silk can also be employed in unexpected ways such as bicycle tires, medicine and so on. Summer is the best weather to wear silk because of its absorbent nature and has low conductive properties. Silk offers comfort, is extremely soft and adds elegance. Textile has emerged to be the quickest and the largest application of silk. The mulberry silk has dominated the market and will continue to flourish on the basis of worth and volume.

Opportunity

  • Development and Advanced Products

Furthermore, the rapid development of the silk industry as fewer funds are required for production further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing development of technologically advanced products by manufacturers in sericulture further expand the future growth of the global silk market.

Some of the major players operating in the global silk market are:

  • Anhui Silk (China)
  • Eastern Silk Industries Ltd. (India)
  • ERIS GLOBAL (India)
  • Wujiang First Textile Co., Ltd. (China)
  • Kraig Biocraft Laboratories, Inc. (U.S.)
  • Zhejiang Jiaxin Silk Co., Ltd. (China)
  • Ongetta srl (Italy)
  • Sichuan Nanchong Liuhe (Group) Corp. (China)
  • ShengKun Silk Manufacturing Co., Ltd. (China)
  • Jiangsu Sutong Cocoon & Silk Co. (China)
  • Wensli (China)
  • Wujiang Wanshiyi Silk Co. Ltd. (China)

Silk Market Scope

The global silk market is segmented on the basis of production process, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Production Process

  • Conventional Cocoon Production
  • Reeling
  • Throwing
  • Weaving and Dyeing

 Type

  • Mulberry Silk
  • Tussar Silk
  • Eri Silk
  • Spider Silk

Application

Silk Market Analysis/Insights

The global silk market is analyzed and market size insights and trends are provided by country, production process, type, and application as referenced above.

The countries covered in the global silk market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America leads the global silk market to the rapid expansion of the textile industry in the region. The region is home to all of the major industry players, making it a hub for the global silk market.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance over the forecast period 2023-2030. The market growth in this region is attributed to the high demand for silk products and raw materials from China and India within the region. North America on the other hand, is estimated to show lucrative growth over the forecast period.

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