Global Silk Market by Production Process (Cocoon Production, Reeling, Throwing, Weaving and Dyeing), Type (Mulberry Silk, Tussar Silk, Eri Silk and Spider Silk), Application (Textile, Cosmetics and Medicine), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rise, growth and expansion of textile industry have led to the rise in the silk market value. Data Bridge Market Research analyses that the silk market will witness a CAGR of 7.9% for the forecast period of 2021-2028. This when converted in terms of market value, it will rise up to USD 29.09 billion by the year 2028.
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.
The silk production requires limited funds and machinery. Also, the production is more of a labour intensive work than capital intensive. These two factors are primarily responsible for the growth in the demand for silk. Rise in the demand for silk by textile, medical industries and cosmetic industries are also creating more lucrative growth opportunities. Increased innovation and advancements in the silk production techniques will further lead to the rise in demand for silk. Further, advancement in technology will improve the production rate and this in turn will help to match the supply force with the demand force.
However, high prices of raw silk will hammer down the growth of the market. Silk clothes are not easy to clean as they usually need to be dry cleaned. Moreover, it can get damaged by excessive sun and water exposure. This makes it all the more expensive for the ultimate consumers. Also, high dependency over China for silk and its raw materials will narrow down the scope of growth for the market. Availability of substitutes at comparatively lower prices will also pose a challenge for the market.
This silk 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, geographical expansions, technological innovations in the market. To gain more info on silk 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 Silk Market Scope and Market Size
The silk market is segmented on the basis of production process, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of production process, the silk market is segmented into coccon production, reeling, throwing, weaving and dyeing.
- On the basis of type, the silk market is segmented into mulberry, silk, tussar silk, eri silk and spider silk.
- On the basis of application, the silk market is segmented into textile, cosmetics and medicine.
Global Silk Market Country Level Analysis
The silk market is analysed and market size, volume information is provided by country, production process, type and application as referenced above.
The countries covered in the 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.
Asia-Pacific is the largest market share holder and is expected to flourish during the forecast period as well. This is because of high demand for silk products and raw materials from China, India and Uzbekistan. Rapid expansion of textile industry is all fostering the growth of this market across countries in the region.
The country section of the silk 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 Silk Market Share Analysis
The personal care ingredients 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 personal care ingredients market.
The major players covered in the personal care ingredients market report are JIGSAW, Eastern Silk Industries Ltd., ERIS GLOBAL, The Ethical Silk Company, Hellenic Silk Company, CHAMUNDI TEXTILES (SILK MILLS) LTD., Anhui Silk, ChinaTing Group Holdings Ltd, Ongetta srl unipersonale, Bolt Threads, Zhejiang Jiaxin Silk Co., Ltd., Sichuan Nanchong Liuhe (Group) Co., Ltd., ShengKun Silk Manufacturing Co.,Ltd, China Zhongsi Group Co., Ltd., Spiber Technologies, AMSilk GmbH, Kraig Biocraft Laboratories, Inc.,, Go Mata Textile., Bang Textiles and Maajisa Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Silk Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.