Global Silk Market 2024-2028
The silk market is forecasted to grow by USD 5001.8 mn during 2023-2028, accelerating at a CAGR of 9.24% during the forecast period. The report on the silk market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing requirement for silk in textile industry, changing fashion trends and growing purchasing power in emerging countries, and government initiatives.
Technavio's silk market is segmented as below:
ByType
ByApplication
ByGeography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing r and d on spider silk as one of the prime reasons driving the silk market growth during the next few years. Also, increasing use of silk in medical applications and increasing demand for eri and muga silk will lead to sizable demand in the market.
The report on the silk market covers the following areas:
- Silk market sizing
- Silk market forecast
- Silk market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading silk market vendors that include AMSilk GmbH, Anhui Silk, Bolt Threads, Camenzind and Co. AG, Eastern Silk Industries Ltd., Eris Global, Jinchengjiang Xinxing Cocoon Silk Co. Ltd., Kraig Biocraft Laboratories Inc., Libas Ltd., Ongetta srl, Qingdao Textiles Group Fiber Technology Co. Ltd., WENSLI, Wujiang First Textile Co. Ltd., Xuzhou Shengkun Silk Manufacturing Co. Ltd., and Zhejiang Jiaxin Silk Corp. Ltd.. Also, the silk market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.