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Global Silk Market By Type (Mulberry Silk, Tussar Silk, Eri Silk), By Production Process (Cocoon Production, Reeling, Throwing, Weaving, Dyeing), By Application (Textile, Cosmetics & Medical), By Company, By Region, Forecast & Opportunities, 2025
Global silk market is expected to grow at a steady rate during the forecast period.The global silk market is driven by the increasing demand for silk from the flourishing textile industry.
Additionally, extensive use of silk for manufacturing wedding dresses, shawls, sarees, suits, scarfs, ties, pillow, wall-hangings, draperies, among others is further expected to propel the market growth.Furthermore, technological advancements in sericulture and emerging spider silk is expected to create lucrative opportunities for the market growth over the next few years.
However, high cost of raw silk can hamper the market growth over the next few years.Also, silk industry is a highly labor intensive.
This can slow down the market growth during the forecast period.
With the sudden outbreak of pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different enterprises are also compromised.China is the world’s largest producer and supplier of silk.
With China being the epicenter of COVID-19, the silk industry is massively hit by the pandemic.Due to lockdown across major countries in the world, the import and export of silk is highly affected.
For instance, the Khadi and Village Industries Commission (KVIC) of India reached out to commerce ministry seeking a ban on import of silk and silk products from China.
The global silk market is segmented based on type, production process, application, company and region.Based on type, the market can be categorized into mulberry silk, tussar silk and eri silk.
The mulberry silk segment is expected to dominate the market owing to the increasing demand for mulberry silk from textile industry for making dresses, shawls, scarfs, among others. While, the eri silk segment is expected to hold a significant market share owing to its widespread use for manufacturing shawls and woolen stoles.
Regionally, the silk market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa.Among these regions, Asia Pacific is expected to dominate the overall silk market owing to the large scale production of silk in the region.
According to the International Sericulture Commission, China is the largest producer and supplier of silk in the world. While, India is the second largest producer of silk and silk products.
The major players operating in the silk market are Anhui silk Co. Ltd., Kraig Biocraft Laboratories, Inc., Wujiang First Textile Co., Ltd., Wujiang Wanshiyi silk Co., Ltd., Zhejiang Jiaxin silk Corp., Ltd., EntoGenetics, Inc., Bolt Threads Inc, Sichuan Nanchong Liuhe (Group) Co., Ltd, AMSilk GmbH, China Zhongsi Group Co., Ltd and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
• To analyze and estimate the market size of global silk market from 2015 to 2018. • To estimate and forecast the market size of global silk market from 2019 to 2025 and growth rate until 2025. • To classify and forecast global silk market based on type, production process, application, company and regional distribution. • To identify dominant region or segment in the global silk market. • To identify drivers and challenges for global silk market. • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global silk market. • To identify and analyze the profile of leading players operating in global silk market. • To identify key sustainable strategies adopted by market players in global silk market. The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of silk manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the silk manufacturers, distribution channels and presence of all major players across the globe. The analyst calculated the market size of global silk market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Silk manufacturers/ suppliers/ distributors • Market research and consulting firms • Government bodies such as regulating authorities and policy makers • Organizations, forums and alliances related to silk The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global silk market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Global Silk Market, By Type: o Mulberry Silk o Tussar Silk o Eri Silk • Global Silk Market, By Production Process: o Cocoon Production o Reeling o Throwing o Weaving o Dyeing • Global Silk Market, By Application: o Textile o Cosmetics & Medical • Global Silk Market, By Region: o North America - United States - Canada - Mexico o Europe - Germany - France - United Kingdom - Italy - Spain o Asia-Pacific - China - Japan - India - South Korea - Australia o Middle East & Africa - South Africa - Saudi Arabia - UAE - Kuwait o South America - Brazil - Argentina - Colombia
Company Profiles: Detailed analysis of the major companies present in global silk market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
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