Global Silk Market Overview:
According to SPER Market Research, the Global Silk Market is estimated to reach USD 37.96 billion by 2032 with a CAGR of 8.42%.
Silk is one of the opulent, dazzling materials that is quickly gaining popularity around the world. Aside from having a sparkling appearance and a velvety feel, silk fiber also has strength, durability, and lightness.Silk is occasionally used in a variety of home furnishings, including wall hangings, pillows, upholstery, and draperies, as well as a variety of clothing items, including dresses, wedding gowns, neckties, and scarves. Because silk conducts electricity less than other materials, it is more frequently used in ties, shirts, haute couture clothing, formal dress suits, robes, kimonos, and sundresses. The key factors mentioned above are expected to increase demand for silk, which could eventually lead to a thriving global industry.Silk production requires less expenditure because it does not call for specialized technology and equipment. One of the factors preventing the silk market from growing is the variation in the price of the raw materials. Additional obstacles to the global market include inadequate market and storage facilities, constrained transportation options, and a lack of understanding of market trends, particularly in countries like India, Brazil, and Uzbekistan.New companies functioning in this field are also developing cutting-edge ideas that might help the sector.The analysis timeline predicts that the mulberry silk sub-segment will grow at the fastest rate. This is because mulberry silk is one of the highest-quality silks and because, thanks to the care given to the silkworms, mulberry silk is nourishing to people.
Impact of COVID-19 on the Global Silk Market
Due to fluctuating silk raw material prices, a drop in cocoon production, and a lack of qualified people, the COVID-19 pandemic had a negative impact on the silk industry. These factors have reduced working capital significantly, damaged the demand for silk, and created cash flow problems. The cancellation of import-export orders as a result of restrictions placed by various countries has had a significant influence on the silk market. Thus, those who rear silkworms, reel silk, weave, and engage in trade have suffered as a result of the epidemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Production Process, By End User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | AMSilk GmbH, Anhui Silk Co. Ltd., Bolt Threads, China Silk Group Co.Ltd, EntoGenetics inc., Libas Textiles Ltd., Sichuan Nanchong Liuhe (Group) Corp., Spiber Technologies, Xuzhou Shengkun Silk Manufacturing Co., Ltd, Zhejiang Jiaxin Silk Co., Ltd.
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Global Silk Market Segmentation:
By Type: Based on the Type, Global Silk Market issegmented as; Mulberry Silk, Tussar Silk, Eri Silk, Spider Silk.
By Production Process: Based on the Production Process, Global Silk Market is segmented as; Cocoon Production, Reeling, Throwing, Weaving and Dyeing.
By End User: Based on the End User, Global Silk Market is segmented as; Textile, Cosmetics and Medical.
By Region: Asia-Pacific currently controls the majority of the market in terms of revenue and market share, and this trend is expected to continue. The strong demand for silk products and raw materials from China and India within the region is credited with driving market expansion in this area.On the other hand, North America is predicted to have profitable growth during the projected period as a result of the region's rapidly growing textile sector.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Silk Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Silk Market, ByType, 2019-2032 (USD Million)
6.1 Mulberry Silk
6.2 Tussar Silk
6.3 Eri Silk
6.4 Spider Silk
7. Global Silk Market, By Production Process, 2019-2032 (USD Million)
7.1 Cocoon Production
7.2 Reeling
7.3 Throwing
7.4 Weaving and
7.5 Dyeing
8. Global Silk Market, By End User, 2019-2032 (USD Million)
8.1 Textile
8.2 Cosmetics and Medical
9. Global Silk Market, By Region, 2019-2032 (USD Million)
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Rest of South America
9.5 Middle East & Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
10. Company Profiles
10.1 AMSilk GmbH
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Anhui Silk Co. Ltd.
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Bolt Threads
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 China Silk Group Co. Ltd
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 EntoGenetics inc.
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Libas Textiles Ltd.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Sichuan Nanchong Liuhe (Group) Corp.
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Spiber Technologies
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 Xuzhou Shengkun Silk Manufacturing Co., Ltd
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 Zhejiang Jiaxin Silk Co., Ltd
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
