Enjoy complimentary customisation on priority with our Enterprise License!
The silk market size is estimated to grow by USD 4.14 billion at a CAGR of 8.39% between 2022 and 2027. The market's growth depends on several factors, including the rising demand for silk in the textile sector, shifting fashion trends, and increased purchasing power in emerging economies, bolstered by government initiatives. These elements collectively drive market expansion, reflecting evolving consumer preferences and economic dynamics. The escalating need for silk in textiles underscores its enduring popularity and versatile applications, shaping market trends. Moreover, changing fashion preferences influence demand patterns, driving innovation and product development. Additionally, the growing purchasing power in emerging nations, coupled with supportive government policies, fosters market growth by expanding consumer bases and market reach. These factors interact to shape the market landscape, highlighting its responsiveness to dynamic market forces and evolving consumer demands.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
This market report extensively covers market segmentation by type (mulberry, tussar, and eri), application (textile, cosmetics, and medicine), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).
The mulberry segment is estimated to witness significant growth during the forecast period. Silk worms, belonging to the Bombyx mori L species, are the primary source of the highly prized natural fiber known as Mulberry silk. This type of silk is produced through the sericulture process, with the worms being domesticated and reared indoors on Mulberry plant leaves.
Get a glance at the market contribution of various segments View the PDF Sample
The mulberry segment was the largest segment and was valued at USD 5.06 billion in 2017. The demand for Mulberry silk continues to grow, leading to government initiatives aimed at increasing its production. While China is a major producer of silk, the favorable climatic conditions in India make it an ideal location for Mulberry silk cultivation. Both traditional and non-traditional sericulture states in India are engaged in Mulberry cultivation, with the latter experiencing a higher growth rate. Mulberry silk is just one type of silk, with others including Tussar and Eri silk. These protein fibers, derived from the cocoons of various silk worm species, have diverse applications. In the textile industry, silk fibroin and silk polypeptide are used for reeling, throwing, weaving, and dyeing to create luxurious fabrics.
Silk's absorbent nature, comfort, softness, elegance, and textile application make it an expensive material. Beyond textiles, silk has various uses. In the medical field, it is used for wound healing due to its biocompatibility. In the technology sector, silk's conductive properties make it suitable for use in components of bicycle tires and other advanced materials. During the summer months, silk's breathability and ability to protect against sun exposure make it a popular choice for clothing, including gowns, wedding gowns, neckties, scarves, and household items. Silk's natural fiber properties make it an ideal material for various applications. Its absorbent nature, combined with its ability to dry quickly, makes it suitable for use in summer clothing and household items. Its softness and comfort make it a popular choice for textiles, while its elegance and textile application make it an expensive material. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in APAC is primarily driven by the production of shirts, haute couture garments, and formal dress suits from silk material in China and India. China, as the largest producer of silk globally in 2022, has a rich history of using silk for royal purposes and gifting. Silk production in this sector yields seri-by-products and seri-waste products, which find applications in various industries. In India, the second-largest silk producer, silk is a symbol of royalty, with 95% of raw silk sourced from Karnataka, Andhra Pradesh, Assam, Tamil Nadu, and West Bengal. The silk sector's value chain includes various textile sub-segments, such as surgical sutures, silk comforters, parachutes, personal care, pharmaceutical, and nutraceutical applications. Silk protein market derivatives, like dipeptides and tripeptides, are extracted from the bloodstream and dermis skin layer, providing essential amino acids for various industries.
Silk material prices and transportation options are crucial factors influencing the market's growth. Silkworms are the primary source of raw silk, making their care and breeding essential for the sector's sustainability. In summary, the market in APAC is a significant contributor to the textile industry, with China and India being the major producers. The sector's value chain includes various applications, from fashion to healthcare, and the production process yields by-products and waste that can be utilized in various industries. The silk protein market's derivatives, such as dipeptides and tripeptides, have potential applications in pharmaceuticals, nutraceuticals, and personal care products. Silk material prices and transportation options are essential factors influencing the market's growth, while the care and breeding of silkworms are crucial for the sector's sustainability. Hence, such factors are expected to drive market growth in the region during the forecast period.
The market encompasses a wide range of natural fibers derived from various species of silkworms. These include Mulberry silk, Tussar silk, Eri silk, and others. The production process involves cocoon production, reeling, throwing, weaving, and dyeing. Silk fibroin and silk polypeptide are the primary components of this protein fiber. Silk is extensively used in various industries. In the fashion industry, it is used to create high-end garments such as gowns, wedding gowns, neckties, scarves, and household items like wall hangings, pillows, upholstery, draperies, and ties. Additionally, silk is used in the manufacturing of shirts and silk-based biomaterials. Beyond fashion, silk holds significant value in the medical field due to its biocompatibility and biodegradability. It is used in wound healing, tissue engineering, and drug delivery systems. Silk fibroin and silk polypeptide are also used in cosmetics for their skin-friendly properties. The demand for silk is consistently high due to its luxurious feel and versatility. From ancient times to the present day, silk has remained a coveted natural fiber, continuing to captivate consumers worldwide. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the increasing requirement for silk in the textile industry. Silk, derived from the cocoons of Silk Worms, is a prominent natural fiber in the textile industry. The process of producing silk, known as Sericulture, involves the cultivation and care of these insects. Two main types of silk are produced: Mulberry silk, derived from the Bombyx mori species, and Tussar silk, obtained from the Antheraea species. Eri silk and Muga silk are other varieties derived from the Eri and Antheraea assamensis species, respectively. Silk fibroin and silk polypeptide are the primary components of the silk cocoon. The production process includes Cocoon Production, Reeling, Throwing, Weaving and Dyeing to create textiles. Silk's unique properties, such as its absorbent nature and conductive properties, make it a versatile material. It is comfortable to wear in the summer due to its high absorption qualities and in the cold due to its low conductivity.
Silk's softness, elegance, and lightweight nature have led to its extensive use in various textile applications, including clothing, such as gowns, wedding gowns, neckties, scarves, and household items, like wall hangings, pillows, upholstery, draperies, and ties. This expensive material requires special care, including dry cleaning and protection from sun and water exposure. Beyond its textile applications, silk has significant uses in other industries. For instance, Spider silk, a protein fiber found in spider webs, is being researched for its potential use in biomedicine and in the production of high-performance materials, such as bicycle tires. Silk's natural properties, including its strength and flexibility, make it a valuable resource in various fields. Hence, such factors are expected to drive market growth during the forecast period.
A key factor shaping the market growth is the increasing R&D on spider silk. The market is experiencing significant growth due to the unique properties of various natural fibers, particularly those derived from silkworms and spiders. In the realm of sericulture, mulberry silk, Tussar silk, and Eri silk are renowned for their softness, elegance, and comfort. These protein fibers are obtained from the cocoons produced during the reeling and throwing process, which is then woven and dyed to create exquisite textiles. Meanwhile, the research and development of spider silk is gaining momentum due to its remarkable strength, resilience, and flexibility.
Lighter than steel yet tougher, this natural fiber is an ideal candidate for creating ballistics-resistant materials. Its absorbent nature and conductive properties make it suitable for various applications, including textiles, medicine, and even bicycle tires. During the summer months, silk's cool and breathable qualities offer comfort, while its elegant and sophisticated appearance graces gowns, wedding gowns, neckties, scarves, and household items such as wall hangings, pillows, upholstery, draperies, and ties. Despite its expensive nature, silk remains a popular choice due to its dry cleaning properties and resistance to sun and water exposure. In the textile industry, silk fibroin and silk polypeptide are essential components, while in the medical field, silk's biocompatibility and biodegradability make it a valuable resource. The versatility of silk extends beyond textiles, with potential applications in various industries, including the production of absorbent materials and the development of conductive fibers for electronic devices. The increasing research and development activities in this field are expected to further expand the market's growth during the forecast period.
Health hazards during silkworm rearing are one of the key challenges hindering market growth. The market is significantly influenced by the production process of this natural protein fiber, derived from the cocoons of Silk Worms. In the sericulture industry, the rearing of these insects involves handling diseased worms and their excreta, posing health risks for workers. These hazards include reproductive and menstrual factors contributing to endometrial cancer. The silk production process, a blend of ancient techniques and modern innovations, includes cocoon production, reeling, throwing, weaving and dyeing. Silk fibroin and silk polypeptide, key components of various types of silk such as Mulberry silk, Tussar silk, and Eri silk, are used in various industries.
In cosmetics, they offer benefits due to their absorbent nature and conductive properties. In medicine, they are utilized for their softness, comfort, and elegance in textile applications. Silk's expensive material status is attributed to its dry cleaning requirements and susceptibility to sun and water exposure. Silk's versatility extends to textile applications, including clothing like gowns, wedding gowns, neckties, scarves, and household items such as wall hangings, pillows, upholstery, and draperies. It is also used in the production of items like bicycle tires and summer clothing. Despite these benefits, the health hazards during silkworm rearing may impact the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AMSilk GmbH: The company offers silk such as Bio fabricated silk which is used for applications including yarns and fibers for textile manufacturing, as well as gels and coatings for medical devices.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
In the realm of marketing, Silk is an essential commodity with a significant global presence. The production and distribution of Silk involve various stages, from cultivation to processing and marketing. The Silk industry is a major contributor to several economies, especially in Asia. The demand for Silk is driven by its unique properties, such as its softness, durability, and luster. It is used extensively in the fashion industry for producing high-end garments and textiles. Additionally, Silk is used in various industries, including healthcare, cosmetics, and technology, due to its biocompatibility and thermal properties.
Furthermore, the marketing of Silk involves various strategies, including product development, pricing, promotion, and distribution. Companies focus on expanding their reach to new markets and customer segments. They also invest in research and development to improve the quality and sustainability of Silk production. The market is influenced by several factors, including consumer preferences, economic conditions, and government regulations. Companies must stay updated on these trends to remain competitive in the market. They also need to build strong relationships with suppliers, retailers, and customers to ensure a steady supply chain and customer base. In conclusion, the market is a dynamic and complex industry that requires a deep understanding of various factors, including production, demand, marketing, and regulations. Companies must adopt innovative strategies to stay competitive and meet the evolving needs of consumers and customers.
Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.39% |
Market growth 2023-2027 |
USD 4.14 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.85 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 65% |
Key countries |
US, China, India, Italy, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMSilk GmbH, Anhui Silk, Bolt Threads, Camenzind and Co. AG, Eastern Silk Industries Ltd., Eris Global, Jinchengjiang Xinxing Cocoon Silk Co. Ltd., Kraig Biocraft Laboratories Inc., Libas Ltd., ONGETTA Srl, Qingdao Textiles Group Fiber Technology Co. Ltd., WENSLI, Wujiang First Textile Co. Ltd., Xuzhou Shengkun Silk Manufacturing Co. Ltd., and Zhejiang Jiaxin Silk Corp. Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.