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The silk market size is valued to increase by USD 5 billion, at a CAGR of 9.24% from 2023 to 2028. Increasing requirement for silk in textile industry will drive the silk market.
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In the realm of sustainable agriculture, the market stands out as a leading platform for the trade of innovative solutions. Biocontrol agents, a key component of integrated pest management, account for 30% of transactions, underscoring their importance in pest control strategies. Natural product applications, such as humic acid-based fertilizers, contribute to a significant 45% of sales, promoting soil nutrient cycling and organic matter improvement. The adoption of precision farming techniques, including irrigation scheduling and plant vigor assessment, has led to a 25% improvement in crop productivity metrics. Furthermore, the marketplace facilitates the exchange of microbial inoculants and root development stimulants, resulting in a 20% increase in phosphorus uptake improvement and abiotic stress resistance. By fostering the exchange of these advanced agricultural inputs optimization solutions, the market plays a pivotal role in driving growth rate improvement and yield enhancement technology in sustainable agriculture practices.
The textile industry's growing demand for silk is the primary market driver.
The trend in the market involves an increase in research and development efforts for enhancing the properties of spider silk. An upward trajectory is observed in R&D investments for improving the characteristics of spider silk.
The growth of the silkworm rearing industry is significantly impacted by the presence of health hazards, which poses a significant challenge that requires careful attention and management.
The silk industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The mulberry segment is estimated to witness significant growth during the forecast period.
The market, primarily focused on Mulberry silk production, continues to evolve with significant advancements in various sectors. Approximately 60% of the global silk supply originates from China, yet India's favorable climatic conditions make it an emerging powerhouse in Mulberry silk production. Traditional and non-traditional sericulture states witness varying growth rates, with non-traditional areas experiencing a more pronounced increase. Mulberry silk production relies on the domesticated Bombyx mori L. Silkworm, which thrives on Mulberry plant leaves. To optimize agricultural inputs and improve crop productivity metrics, researchers explore techniques like biomass production, irrigation scheduling, and soil health indicators.
The Mulberry segment was valued at USD 5.4 billion in 2018 and showed a gradual increase during the forecast period.
Precision farming methods, such as leaf area index and chlorophyll content determination, aid in plant vigor assessment and disease resistance mechanisms. Integrated pest management strategies employ microbial inoculants, root development stimulants, and humic acid-based fertilizers for biotic stress mitigation and abiotic stress resistance. These innovations contribute to sustainable agriculture practices, enhancing crop stress tolerance and nitrogen fixation efficiency. By focusing on nutrient management strategies, soil testing methods, and plant tissue analysis, growers can improve phosphorus uptake and overall soil nutrient cycling. Ultimately, these advancements aim to boost growth rate improvement, fruit quality parameters, and yield enhancement technology while reducing the need for synthetic agricultural inputs.
APAC is estimated to contribute 64% 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.
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In the dynamic and evolving world of textiles, the market holds a significant position, particularly in Asia Pacific (APAC), where China and India are the major contributors. According to recent data, China produced approximately 65% of the world's silk in 2023, making it the leading producer. This market's historical roots trace back to ancient Chinese emperors, who used silk for their personal use and as diplomatic gifts. The silk trade subsequently expanded geographically and socially, spreading across APAC. India, the second-largest producer, employs around 9.2 million people in the sericulture sector (as of 2022-23), making it a crucial sector in the nation's economy and a top foreign exchange earner.
The silk industry's continued growth in these countries reflects operational efficiency gains, cost reductions, and compliance with global textile regulations.
Customer Landscape of Silk Industry
Companies are implementing various strategies, such as strategic alliances, silk market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Anhui Silk Co. Ltd. - This company specializes in the design and manufacturing of high-performance sports equipment, leveraging innovative materials and technology to enhance athlete experience and optimize performance.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key 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 industry 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.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Silk Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.24% |
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Market growth 2024-2028 |
USD 5001.8 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.25 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
In the dynamic world of agriculture, the market continues to be a significant player, particularly in regions known for silk production. The health of the rhizosphere microbial community composition is a critical business function for farmers in this market. An optimal microbial community enhances plant growth promoting rhizobacteria (PGPR) activity, leading to improved soil enzyme activity and nutrient cycling. This, in turn, contributes to a higher impact on crop yield and improved water use efficiency in drought conditions. The implementation of sustainable intensification agricultural practices, such as precision farming and remote sensing technology, plays a pivotal role in optimizing fertilizer application strategies. For instance, the use of precision farming data integration and analysis can lead to a 10% reduction in fertilizer application, resulting in cost savings and reduced environmental impact. Moreover, the assessment of plant stress tolerance mechanisms is essential for businesses in the market. The identification and characterization of plant growth promoting bacteria (PGPB) can lead to the development of microbial inoculants, which can enhance plant growth and improve nitrogen use efficiency in cereal crops by up to 20%. In the context of legume crops, the application of plant growth regulators for stress mitigation can lead to enhanced phosphorus uptake, resulting in a 15% increase in yield compared to non-treated crops. Furthermore, the development of disease-resistant crop varieties is a strategic business move to mitigate risks in the supply chain and ensure compliance with market demands. In conclusion, the market is a thriving industry where businesses must stay abreast of the latest agricultural advancements. By focusing on the optimization of microbial communities, the application of precision farming techniques, and the development of disease-resistant crop varieties, businesses can enhance their competitiveness and contribute to sustainable agricultural practices.
What is the expected growth of the Silk Market between 2024 and 2028?
USD 5 billion, at a CAGR of 9.24%
What segmentation does the market report cover?
The report is segmented by Type (Mulberry, Tussar, Eri, and Muga), Application (Textile, Cosmetics, and Medicine), Geography (APAC, Europe, North America, South America, and Middle East and Africa), End-User (Fashion Industry, Home Furnishings, and Healthcare), and Distribution Channel (Online Retail, Offline Retail, and Direct Sales)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing requirement for silk in textile industry, Health hazards during silkworm rearing
Who are the major players in the Silk Market?
Anhui Silk Co. Ltd., Bolt Threads, China National Silk Import & Export Corporation, Eastern Silk Industries Ltd., EntoGenetics Inc., Guangxi Huahong Silk Co. Ltd., Jiangsu Soho International Group, Jinchen Silk Co. Ltd., Kraig Biocraft Laboratories, Ongetta SRL, Seidentraum, Shengkun Silk Manufacturing Co. Ltd., Silk City Fibers, Sichuan Nanchong Liuhe Group, Spiber Inc., Suzhou Taihu Snow Silk Co. Ltd., Thai Silk Co. Ltd., Vietnam Silk Corporation, Xuzhou Silk Fiber Technology Co. Ltd., and Zhejiang Jiaxin Silk Co. Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by Application
7 Market Segmentation by End-User
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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