Global Silk Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Silk Market Report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint.
The Global Silk Market report has been segmented on the basis of type, application, and region. Silk Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Silk Market Overview:
The Silk Market was valued at $15.6 billion in 2021 & is projected to reach $28.5 billion by 2027. It is expected to grow at a 7.8% CAGR between 2021 and 2027.
Silk is a fine fiber produced by silkworms and consists mainly of two proteins, fibroin and sericin. Silk fibers have a triangular prism-like structure which gives a shimmering appearance to silk.
Silk is produced by the silkworm in production of its cocoon, which is also used for textiles. Moreover, it is used for various end-use applications such as in cosmetics and medical industries.
Silk Market Dynamics:
Growing demand for silk for various end-use applications in industries such as textile, cosmetic, and medical is a major factor driving the growth of the global silk market.
In addition, silk processing industry requires less investment as it does not need complicated machines and equipment for its production and it is more labor-intensive. These are some of the major factors expected to fuel the growth of the global silk market in the near future.
Moreover, the increasing development of technologically advanced products by manufacturers in sericulture is another factor expected to propel the growth of the global silk market over the forecast period.
However, the high cost of raw silk is a major factor expected to restrain the growth of the global silk market during the forecast period.
Silk Market Regional Analysis:
The Asia Pacific market accounts for the highest revenue share in the global market in terms of revenue contribution as compared to that of markets in other regions, owing to the large presence of major manufacturers in countries in the region, coupled with increasing export activities of silk yarn and related products from countries such as China in the region.
In addition, the demand for silk textiles from China and India is significantly influencing the demand for silk in the region. China, India, Uzbekistan, and Thailand are the major markets of silk in the Asia Pacific market.
The market in the Europe is projected to register comparatively faster growth in terms of revenue over the next 10 years. This growth can be attributed to the growing demand for silk owing to the increasing number of textile industries in countries in the region.
The Europe market is expected to account for a significant revenue share in the global silk market and is expected to register a CAGR of XX.X% during the forecast period. The markets in Latin America and Middle East & Africa are expected to register significant growth rate in the global silk market over the forecast period.
Global Silk Market Segmentation:
Segmentation on the basis of type:
- Mulberry silk
- Tussar silk
- Eri silk
Segmentation on the basis of application:
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Anhui Silk Co. Ltd.
- Wujiang First Textile Co., Ltd.
- Wujiang Wanshiyi Silk Co. Ltd.
- Zhejiang Jiaxin Silk Co., Ltd.
- Sichuan Nanchong Liuhe Corp.
- Shengkun Silk Manufacturing Co., Ltd.
- Jiangsu Sutong Cocoon & Silk Co.
- Jinchengjiang Xinxing Cocoon Silk Co., Ltd.
- Wensli Group Co. Ltd.
- China Silk Corporation
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