Global Silk Market, Trends & Growth Opportunity, By Silk Type (Tussar Silk, Mulberry Silk, Eri Silk, Others), By Use (Textiles, Medical, Cosmetics), By Region and Forecast till 2030.
Global Silk Market
The Global Silk Market was valued at USD 20.35 Bn in 2022 and is expected to expand to USD 36.17 Bn by 2030 at a CAGR of 6.72% during the forecast period of 2023-2030.
Silk is a type of natural protein fiber that can be woven into fabrics. Silk is a protein fiber composed primarily of fibroin that is generated by certain larvae to form cocoons. The most well-known silk is made from the cocoons of the mulberry silkworm Bombyx mori larvae that are raised in captivity, through a process known as sericulture. Due to the prism-like structures of the silk fibers, the cloth refracts light at various angles, producing different colors, and emitting a shimmering appearance.
Market Drivers
The primary drivers of the silk market are the rapidly expanding textile industry globally, as well as the cultural appeal of silk and silk products. Silk is not just used in producing apparel; silk is also a preferred material for furnishings and upholstery. The traditional significance of silk as a luxurious and premium fabric is a major driver for the growth of the silk market. Moreover, silk is also a preferred fabric for clothing for cold seasons, due to its ability to produce warmth.
Market Restraints
The global silk market can be restricted by ethical concerns over using silkworms for the production of silk fabric. The exploitation and the mass reproduction of silkworms solely for the purpose of producing silk has been an ongoing issue. Many activists prefer to boycott using silk and silk products. This can significantly narrow down the scope of the silk market.
The high costs of silk production, as well as the existence of several low-cost and durable substitutes for silk, is also a significant challenge to the growth of the silk market.
Market Segmentation
The global silk market is segmented into silk types, such as tussar silk, mulberry silk, eri silk, and others. Further, the market is segmented by uses, such as textiles, medical, and cosmetics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Regional Analysis
The Asia Pacific market has historically been the major producer of silk, due to countries like China and India, and thus holds the major share of the silk market. This trend is expected to continue during the forecast period as well. The traditional significance of silk as a royal and rich piece of clothing is also concentrated in the Asia Pacific region, which will enable more and more people to continue purchasing silk clothes and other products.
Europe and North America may show significant growth potential during the forecast period. This is due to the well-established fashion industry in these regions.
Key Players
Eastern Silk Industries Ltd, Ongetta SRL, Wujiang Wanshiyi Silk Co Ltd, Kraig Biocraft Laboratories Inc, Eris Global, Sichuan Nanchong Liuhe, Anhui Silk, ShengKun Silk Manufacturing Co Ltd, Wujiang First Textile Co Ltd, Zhejiang Jiaxin Silk Co Ltd, Jiangsu Sutong Cocoon & Silk Co, China National Silk Group Co Ltd, Bolt Threads Inc, AMSilk GmbH.
Market Taxonomy
By Silk Type
• Tussar Silk
• Mulberry Silk
• Eri Silk
• Others
By Use
• Textiles
• Medical
• Cosmetics
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Silk Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Silk Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Silk Market, By Silk Type
5.1 Y-o-Y Growth Comparison, By Silk Type
5.2 Global Silk Market Share Analysis, By Silk Type
5.3 Global Silk Market Size and Forecast, By Silk Type
5.3.1 Tussar Silk
5.3.2 Mulberry Silk
5.3.3 Eri Silk
5.3.4 Others
6 Global Silk Market, By Use
6.1 Y-o-Y Growth Comparison, By Use
6.2 Global Silk Market Share Analysis, By Use
6.3 Global Silk Market Size and Forecast, By Use
6.3.1 Textiles
6.3.2 Medical
6.3.3 Cosmetics
7 Global Silk Market, By Region
7.1 Global Silk Market Share Analysis, By Region
7.2 Global Silk Market Size and Forecast, By Region
8 North America Silk Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Silk Market Share Analysis, By Silk Type
8.3 North America Silk Market Size and Forecast, By Use
8.4 North America Silk Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Silk Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Silk Market Share Analysis, By Silk Type
9.3 Europe Silk Market Size and Forecast, By Use
9.4 Europe Silk Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Silk Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Silk Market Share Analysis, By Silk Type
10.3 Asia Pacific Silk Market Size and Forecast, By Use
10.4 Asia Pacific Silk Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Silk Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Silk Market Share Analysis, By Silk Type
11.3 Latin America Silk Market Size and Forecast, By Use
11.4 Latin America Silk Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Silk Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Silk Market Share Analysis, By Silk Type
12.3 Middle East Silk Market Size and Forecast, By Use
12.4 Middle East Silk Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Eastern Silk Industries Ltd
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Ongetta SRL
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Wujiang Wanshiyi Silk Co Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Kraig Biocraft Laboratories Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Eris Global
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Sichuan Nanchong Liuhe
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Anhui Silk
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 ShengKun Silk Manufacturing Co Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Wujiang First Textile Co Ltd
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Zhejiang Jiaxin Silk Co Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Jiangsu Sutong Cocoon & Silk Co
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 China National Silk Group Co Ltd
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Bolt Threads Inc
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
14.14 AMSilk GmbH
14.14.1 Overview
14.14.2 Offerings
14.14.3 Key Financials
14.14.4 Business Segment & Geographic Overview
14.14.5 Key Market Developments
14.14.6 Key Strategies
