Global Silk Market Growth and Future Outlook 2025
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Decision Databases.com has published a report titled “Global Silk Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast” that provides details on the market share, growth, trends and forecasts from 2018 to 2025. It has been anticipated that the Global Silk Market will reach USD 7.2 BN by 2025. The report evaluates the growth trends of the Silk Market through historical studies and comprehensive research. The characteristics of silk such as its high lustrousness, high absorbent quality, soft and glossy appearances are the factors due to which it is used extensively in the textile industry.
The shimmer in the appearance of silk is owed to the triangular prism like structure of the silk fibre which allows the silk fibre to refract incoming light at different angles thus resulting in production of different colours. The increasing innovations and advancements in the production techniques and the manufacturing process being inexpensive are the key reasons driving the growth of the global silk market. Besides the textile industry silk also finds applications in the cosmetics and medical industry. However, a major restraint for this market is the dependency on China for raw materials.
Silk is a natural protein fibre that is composed of a protein fibre named fibroin that is obtained from different species of arthropods such as silk worms, bees, ants, mites and spiders. Silk production is done majorly by natural processes however innovations and advancements have resulted in silk being produced synthetically. The cultivation of silkworms in order to produce silk is referred to as sericulture or silk farming. It is used in many types of apparel as well as in many household products.
The broad analysis of the market will help in providing better differentiation of the products along with a detailed understanding of the core competency of every activity that is involved. The potential value of the market is precisely measured by the market attractiveness analysis thus providing growth opportunities to business strategists. The market has been classified into segment based on type and application in the report. These segments are further studied in detail by integrating both the market estimates and forecasts at both the regional as well as the country level.
By type the segmentations have been listed as Mulberry Silk, Tussar Silk and Eri Silk.On the basis of applications, the Global Silk Market is classified into textiles and cosmetics and medical. Geographically, the market is spread over North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. This analysis on the basis of the segments is beneficial for understanding the potential growth opportunities of the market.
The key players of the market have been listed in the report are AMSilk GmbH, Anhui Silk Co. Ltd, Bolt Threads Inc., China Silk Corporation, Jiangsu Sutong Cocoon & Silk Co., Jinchengjiang Xinxing Cocoon Silk Co. Ltd, Kraig Biocraft Laboratories, Xuzhou Shengkun Silk Manufacturing Co. Ltd, Wujiang First Textile Co. Ltd, Wujiang Wanshiyi Silk Co. and Zhejiang Jiaxin Silk Co. Ltd among others.
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