Global Silk Market is valued at approximately USD 18.21 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.20% over the forecast period 2024-2032. Silk is a natural protein fiber used in different types of clothing such as gowns, wedding dresses, sarees, neckties, and scarves as well as in household items such as wall hangings, pillows, upholstery, and draperies. Additionally, Silk's lower conductivity in comparison to other materials makes it appropriate for products such as ties, shirts, high-end fashion pieces, formal suits, robes, kimonos, and sundresses. The Global Silk Market includes the manufacturing, trade, and distribution of silk fibers, fabrics, and goods, influenced by the needs of the fashion, textile, and industrial sectors. The Global Silk Market is trending due to the rising demand for sustainability and ethical manufacturing, with a growing preference for environmentally friendly and cruelty-free silk varieties such as peace silk or Ahimsa silk, where silkworms can hatch on their own.
The growing awareness and preference for ethical and sustainable products is driving an increasing demand for eco-friendly silk fabrics such as peace silk, indicating a shift towards more environmentally friendly purchasing habits in the Global Silk Market. Additionally, the growing demand for silk in fashion and home textiles is driven by consumers' increasing preference for high-quality, luxurious fabrics, indicating a rising interest in premium products. Innovations in sericulture and silk processing, including biotechnology, improve production efficiency and silk quality, contributing to market growth. Furthermore, silk production involves high costs which can be a restrain to the market. Labor intensive process, including sericulture and silk reeling, involves high production costs which can hinders market growth.
The key regions considered for The Global Silk Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific is dominating the Global Silk Market due to its extensive historical tradition of making silk, the region China and India has millennia-old heritage of silk production, this inheritance has advanced sericulture practices and established robust infrastructure. In the Asia-Pacific region, a skilled workforce has been essential to its competitive edge in silk production. Artisans have improved their skills in sericulture, silk reeling, and weaving over generations, achieving mastery of these intricate processes in their region. The North American Market is anticipated to experience the fastest growth during the forecast period.
Major market player included in this report are:
- Anhui Silk Co. Ltd
- Amsilk GmbH
- Wujiang First Textile Co., Ltd
- Zhejiang Jiaxin Silk Co. Ltd
- Sichuan Nanchong Liuh (Group) Corp.
- ShengKun Silk Manufacturing Co., Ltd
- Wujiang Wanshiyi Silk Co., Ltd
- Libas Textiles Ltd.
- Bolt Threads
- Jiangsu Sutong Cocoon and Silk Co.
The detailed segments and sub-segment of the market are explained below:
By Type
- Mulberry Silk
- Tussar Silk
- Eri Silk
- Others
By End User
- Textile
- Cosmetics and Medical
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Silk Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Silk Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.3.1. By Type
- 2.3.2. By End User
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Silk Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Silk Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Silk Market Size & Forecasts by Type 2022-2032
- 5.1. Mulberry Silk
- 5.2. Tussar Silk
- 5.3. Eri Silk
- 5.4. Others
Chapter 6. Global Silk Market Size & Forecasts by End User 2022-2032
- 6.1. Textile
- 6.2. Cosmetics and Medical
Chapter 7. Global Silk Market Size & Forecasts by Region 2022-2032
- 7.1. North America Silk Market
- 7.1.1. U.S. Silk Market
- 7.1.1.1. Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. End User breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Silk Market
- 7.2. Europe Silk Market
- 7.2.1. U.K. Silk Market
- 7.2.2. Germany Silk Market
- 7.2.3. France Silk Market
- 7.2.4. Spain Silk Market
- 7.2.5. Italy Silk Market
- 7.2.6. Rest of Europe Silk Market
- 7.3. Asia-Pacific Silk Market
- 7.3.1. China Silk Market
- 7.3.2. India Silk Market
- 7.3.3. Japan Silk Market
- 7.3.4. Australia Silk Market
- 7.3.5. South Korea Silk Market
- 7.3.6. Rest of Asia Pacific Silk Market
- 7.4. Latin America Silk Market
- 7.4.1. Brazil Silk Market
- 7.4.2. Mexico Silk Market
- 7.4.3. Rest of Latin America Silk Market
- 7.5. Middle East & Africa Silk Market
- 7.5.1. Saudi Arabia Silk Market
- 7.5.2. South Africa Silk Market
- 7.5.3. Rest of Middle East & Africa Silk Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Anhui Silk Co. Ltd
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Amsilk GmbH
- 8.3.3. Wujiang First Textile Co., Ltd
- 8.3.4. Zhejiang Jiaxin Silk Co. Ltd
- 8.3.5. Sichuan Nanchong Liuh (Group) Corp.
- 8.3.6. ShengKun Silk Manufacturing Co., Ltd
- 8.3.7. Wujiang Wanshiyi Silk Co., Ltd
- 8.3.8. Libas Textiles Ltd.
- 8.3.9. Bolt Threads
- 8.3.10. Jiangsu Sutong Cocoon and Silk Co.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes