Global Sericulture Market, By Type of Product (Mulberry Silk, Vanya Silk and Eri Silk), Domestic Production and Imports (Domestic Production and Imports), End Use (Textile and Cosmetics and Medical), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
The sericulture market is expected to witness market growth at a rate of 7.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on sericulture market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for silk by textile, medical industries and cosmetic industries is escalating the growth of sericulture market.
Sericulture is referred to the art of rearing silkworms for the manufacturing of silk. Fabrics that are created from silk are quite popular in the domestic market during ceremonies, religious rituals, weddings, and festivals, among others. Silk is used as a raw material for the manufacturing of both garments such as suites, and sarees, among others.
Major factors that are expected to boost the growth of the sericulture market in the forecast period are the rise in the disposable incomes. Furthermore, the rise in the consumption of silk fabrics is further anticipated to propel the growth of the sericulture market. Moreover, the technological development in sericulture is further estimated to cushion the growth of the sericulture market. On the other hand, the growing dependency on China for raw material is further projected to impede the growth of the sericulture market in the timeline period.
In addition, the rise in the need from Indian textile industry will further provide potential opportunities for the growth of the sericulture market in the coming years. However, growing cost of material and labor intensive industry might further challenge the growth of the sericulture market in the near future.
This sericulture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sericulture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sericulture Market Scope and Market Size
The sericulture market is segmented on the basis of type of product, domestic production and imports and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type of product, the sericulture market is segmented into mulberry silk, vanya silk and eri silk.
- On the basis of domestic production and imports, the sericulture market is segmented into domestic production and imports.
- On the basis of end use, the sericulture market is segmented into textile and cosmetics & medical.
Sericulture Market Country Level Analysis
The sericulture market is analysed and market size, volume information is provided by country, type of product, domestic production and imports and end use as referenced above.
The countries covered in the sericulture market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the sericulture market due to the rise in the need for silk products and raw materials. Furthermore, the rapid development of textile industry will further boost the growth of the sericulture market in the region during the forecast period. Europe is projected to observe significant amount of growth in the sericulture market due to the importing of a broad range of silk clothes, accessories and materials for interior décor. Moreover, the China is the main source of silk clothes. With their handloom silk textiles for home furnishings is further anticipated to propel the growth of the sericulture market in the region in the coming years.
The country section of the sericulture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sericulture Market Share Analysis
The sericulture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sericulture market.
Some of the major players operating in the sericulture market are Anhui Silk, WUJIANG FIRST TEXTILE CO., LTD., Zhejiang Jiaxin Silk Co., Ltd., Xuzhou Shengkun Silk Manufacturing Co., Ltd, WENSLI, China Silk International Trading (Shanghai) Co., Ltd., Bolt Threads, Spiber Technologies, Amsilk GmbH, Kraig Biocraft Laboratories Inc., Go Mata Textile., Bang Textiles, and Maajisa Group among others.