Silk

Silk

Global Silk Market to Reach US$28.4 Billion by 2030

The global market for Silk estimated at US$18.8 Billion in the year 2023, is expected to reach US$28.4 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. Mulberry Silk, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$13.1 Billion by the end of the analysis period. Growth in the Tussar Silk segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.0 Billion While China is Forecast to Grow at 10.4% CAGR

The Silk market in the U.S. is estimated at US$5.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Silk Market - Key Trends and Drivers Summarized

Why Is Silk Considered a Premium Material in the Fashion and Textile Industry?
Silk is considered a premium material in the fashion and textile industry due to its luxurious feel, natural sheen, and exceptional drape, making it a preferred choice for high-end apparel, accessories, and home furnishings. Unlike synthetic fabrics, silk is a natural protein fiber produced by silkworms, offering breathability, hypoallergenic properties, and biodegradability, which align with the growing consumer demand for sustainable and ethical fashion. In the fashion industry, silk is widely used for creating elegant dresses, scarves, ties, and lingerie, where its softness, fluidity, and luster enhance the appeal of the garments. Additionally, silk is gaining popularity in home textiles such as beddings, curtains, and cushions, where its luxurious appearance and comfort are highly valued. As sustainability, luxury, and quality become key trends in fashion and textiles, silk continues to maintain its status as a symbol of elegance and sophistication.

How Are Innovations in Silk Production Driving Market Growth?
Innovations in silk production are driving market growth by enhancing the quality, functionality, and sustainability of silk fabrics. The development of ethical, organic, and non-mulberry silk varieties is expanding the market for eco-friendly and cruelty-free silk products. Advancements in digital dyeing, finishing, and weaving techniques are enabling the creation of silk fabrics with improved durability, wrinkle resistance, and color fastness, enhancing their appeal for fashion and home textile applications. Additionally, the introduction of hybrid silk blends that combine silk with other natural or synthetic fibers is providing enhanced strength, elasticity, and moisture management, making them suitable for activewear, performance apparel, and technical textiles. These innovations are not only improving the performance and versatility of silk but also meeting the evolving demands of modern consumers for sustainable, ethical, and high-quality fabrics.

Which Market Segments Are Leading the Adoption of Silk?
Types of silk include mulberry silk, tussar silk, eri silk, and muga silk, with mulberry silk being the most widely used due to its superior quality, smoothness, and availability. Applications of silk span fashion apparel, home furnishings, medical textiles, and cosmetics, with fashion apparel and home furnishings leading the market due to the high demand for luxurious, sustainable, and premium textiles. End-users include fashion designers, home textile manufacturers, luxury brands, and healthcare companies, with fashion designers and luxury brands being the primary adopters due to the need for exclusive and high-quality fabrics that cater to affluent consumers. Geographically, Asia-Pacific and Europe are the largest markets for silk due to strong production, consumption, and export activities, while North America is also a significant market driven by the rising demand for sustainable and luxury textiles.

What Are the Key Drivers of Growth in the Silk Market?
The growth in the silk market is driven by several factors, including the rising demand for natural, sustainable, and luxury textiles in fashion, home furnishings, and high-end goods, technological advancements in ethical, organic, and hybrid silk production, and the increasing use of silk in medical, cosmetic, and technical textile applications. The development of eco-friendly, non-toxic, and durable silk fabrics for high-performance apparel, activewear, and interior design is driving market adoption among fashion designers, home textile manufacturers, and healthcare companies. The focus on enhancing silk properties for durability, wrinkle resistance, and color retention is expanding the market reach among luxury, premium, and sustainable fashion brands. The growing use of silk in performance textiles, automotive interiors, and smart fabrics, coupled with the demand for innovative, recycled, and zero-waste silk production techniques, is creating new opportunities for market growth. Additionally, the increasing investments in R&D for artificial, synthetic, and bioengineered silk fibers are further supporting market expansion.

Select Competitors (Total 48 Featured) -

• AMSilk GmbH
• Anhui Silk Co. Ltd.
• Bolt Threads Inc.
• China Silk Corporation
• Jiangsu Sutong Cocoon & Silk Co., Ltd.
• Jinchengjiang Xinxing Cocoon Silk Co., Ltd.
• Kraig Biocraft Laboratories, Inc.
• Shengkun Silk Manufacturing Co., Ltd.
• Sichuan Nanchong Liuhe (Group) Co., Ltd.
• Spiber Technologies
• Wensli Group Co. Ltd.
• Wujiang First Textile Co., Ltd.
• Zhejiang Jiaxin Silk Co., Ltd.

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