About Silk
Silk is a natural protein fiber produced by the larvae of several insects and spiders. The rearing of silkworms for commercially producing silk is known as sericulture. Silk has been recognized as a suitable fabric for a variety of garment types due to its low density and high insulation properties. It is used extensively in the textile industry owing to its appearance, strength, lightweight, and feel. Silk is also exploited for developing various beauty and skincare products. Composed of fibroin and sericin proteins, the silk is soft and shiny that is further processed to form silk fiber.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The global Silk market is growing in a rapid manner and consists of some leading players. In terms of market share, some players presently lead the global market. These players are performing on strategic collaborative initiatives to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Silk market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Anhui Silk Co. Ltd. (China), Kraig Biocraft Laboratories, Inc. (United States), Wujiang First Textile Co., Ltd. (China), Wujiang Wanshiyi silk Co., Ltd. (China), Zhejiang Jiaxin Silk Corp., Ltd. (China), Jiangsu Sutong Cocoon & Silk Co. (China), Wensli Group Co. Ltd. (China), China Silk Corporation (China), Wujiang Wanshiyi Silk Co. Ltd. (China) and Jinchengjiang Xinxing Cocoon Silk Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Silk market by Type (Mulberry, Tussar and Eri), Application (Textile, Cosmetics and Medical) and Region.
On the basis of geography, the market of Silk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Production Process, the sub-segment i.e. Cocoon Production will boost the Silk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Silk Market Dynamics:
Attributes | Details |
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Growth Drivers | - Technological Advancement in Sericulture
- Low Funds Requirement for Setting-up the Manufacturing Process
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Influencing Trends | - Increasing Innovations and Advancements in the Production Techniques
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Restraints | - Higher Dependency on China for Raw Material
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Road Blocks / Challenges | - High Cost of Material
- Labor Intensive Industry
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Gaps & Opportunities | - High Demand from the Indian Textile Industry
- Emerging Spider Silk
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Market Leaders and their expansionary development strategies
In Sept 2018, AMSilk announces a partnership with Airbus. The two companies have entered into a joint cooperation agreement to develop the new era of composites for use in the aerospace industry.
The Textile Fiber Rule requires that certain textiles sold in the United States carry labels disclosing the generic names and percentages by weight of the constituent fibers in the product, the manufacturer or marketer name, and the country where the product was processed or manufactured.
Key Target Audience
Product manufacturers, Product traders, distributors, and suppliers, End-use market participants of different segments of Silk, Government and research organizations, Associations and industrial bodies, Research and consulting firms, R&D institutions, Environment support agencies and Investment banks and private equity firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.