News:Global Silk Market is estimated to reach USD 9.7 Billion by 2027
SILK MARKET: Summary
The Global Silk Market is estimated to reach USD 9.7 Billion by 2027 at a CAGR of 3.2 %.
Silk is a natural protein fiber composed mainly of fibroin and is produced by certain insect larvae to form cocoons. silk is acknowledged as one of the most luxurious natural fibers and is distinctive from other natural fabric materials in that it is lightweight yet strong. Sericulture is the most widely used technology to manufacture silk, by cultivating of the silkworm. However, innovations are being made for developing new alternative techniques. High resistance to deformation, strong natural fiber, good affinity to dye, low density making it light and comfortable, and good insulation are some of the properties owing to which they are gaining popularity across the globe.
SILK MARKET: Drivers & Restraints
- Rising Demand from Textile Industry
The textile industry is one of the fastest-growing applications of silk. Silk is being used in the textile industry due to its possess properties such as lustrous appearance, resilient, luxurious feel, lightweight and strength. In the textile industry, silk is used for sarees, gowns, wedding dresses, neckties, as well as in may household products such as wall hangings, pillows, and others. Silk’s property of absorbency makes it comfortable for it even in warm weather. Moreover, silk has low conductivity which keeps warm air close to the skin during cold weather which has boosted its use for clothing such as ties, formal dresses, high fashion clothes, shirts, and others. Owing to different properties of silk has expected to increase its use in the textile industry, thus expected to boost its overall market growth.
Get Sample Copy of This Report @
Now a day, silk is also gaining popularity from cosmetics and the medical industry and is expected to grow at a steady state. Silk fibroin a natural protein is used as a raw material while manufacturing various cosmetic products such as lotions, liquid soaps, shampoos, nail enamels, and conditioners. While silk polypeptide is used in skin lotion, cleansing cream, and soap due to its excellent film making functions. Increasing awareness regarding wellness, health, and style and tend to invest more in personal grooming has boosted the demand for cosmetic products which in turn boosting the demand for silk form the cosmetic industry.
- Higher Raw Material Dependency from China
China is one of the leading suppliers for silk fibers and exports a larger quantity of silk to silk manufacturers across the globe. According to International Sericulture Commission, in 2018 the total silk production in China was 1,20,000 Metric Ton making China the biggest producer of silk. Around 90% of its silk production is been exported across the globe which increases the dependency on China by other importing countries such as the U.S., Italy, and others. The higher dependency of raw materials on China gives them the leverage on price settings and product quality which may hamper the product market. Thus, the higher dependency of raw materials on China may hinder the growth of the global silk market.
SILK Market: Key segments
- Based on Type: Mulberry Silk, Tasar Silk, Eri Silk, Muga Silk, Spider Silk, and Others
- Based on Application: Textile, Medical, and Cosmetic
- Key Regions Covered: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
Request for Methodology of This Report @
SILK Market: Report SCOPE
The report on the Silk market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2020–2027 (2020 estimated year, forecasted up to 2027)
Value (USD Million), Volume (Kiloton)
Type and Application
North America, Asia-Pacific, Europe, Middle East & Africa, and South America
KEY Companies Covered
- Garima Silks (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Bolt Threads
- Anhui Silk
- AMSilk GmbH
- Eastern Silk Industries Ltd.
- Kraig Biocraft Laboratories, Inc.
- Wujiang Wanshiyi Silk Co. Ltd
- Zhejiang Jiaxin Silk Co Ltd
- ShengKun Silk Manufacturing Co., Ltd
- Other Key Companies
Consult with Analyst @
SILK Market: report segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Silk Market, by Type
- Mulberry Silk
- Tasar Silk
- Eri Silk
- Muga Silk
- Spider Silk
Silk Market, by Application
Silk Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Purchase this Premium Industry Research Report with Analysis @
Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 SILK MARKET BY TYPE, Market Size in USD Million and Kiloton (2019–2027)
7 SILK MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2019–2027)
8 SILK MARKET BY REGION, Market Size in USD Million and Kiloton (2019–2027)
9 Competitive Landscape
10 Company Profiles
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Phone: +1 (720) 306 9020
For more market research insights, please visit https://www.forencisresearch.com