The global Silk market was valued at 1.05 Million USD in 2021 and will grow with a CAGR of 7.34% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Silk is a soft, shiny, and shimmering fiber that is processed into silk fabric. Silk is a natural protein fiber that is mainly composed of a protein fiber called fibroin. Silk is primarily produced by the larvae of silkworms and certain other insects such as web spinners, raspy crickets, bees, ants, and spiders. The silk that is derived from Mulberry silkworm yields the best silk. The cultivation of silkworms to produce silk is called sericulture or silk farming. Sericulture is a labor-intensive industry and is mostly concentrated in the rural regions of more than 50 countries across the globe. The Asia-Pacific region was the fastest-growing market for silk, in terms of value and volume, in 2017 and this trend is expected to continue till 2023. China, India, Uzbekistan, and Thailand are lucrative markets of silk in the Asia-Pacific region. The demand for silk is primarily driven by increasing population and export of textile goods in these countries. In addition, the domestic demand for silk in China and India is significantly influencing the demand for silk in the region.

By Market Verdors:

Anhui Silk

Wujiang First Textile

Wujiang Wanshiyi Silk

Zhejiang Jiaxin Silk

Sichuan Nanchong Liuhe

Shengkun Silk

Jiangsu Sutong Cocoon & Silk

Jinchengjiang Xinxing Cocoon Silk

Wensli Group

China Silk

Entogenetics

Bolt Threads

Spiber Technologies

Amsilk

Kraig Biocraft Laboratories

By Types:

Mulberry Silk

Tussar Silk

Eri Silk

By Applications:

Textile

Cosmetics & Medical

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

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Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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