November 25, 2020

Silk Market Challenges, Restraint, Bussiness Oppertunity and Forencast 2027

The Global Silk Market is estimated to reach USD 9.7 Billion by 2027 at a CAGR of 3.2 %.

Silk is a natural protein fiber composed mainly of fibroin and is produced by certain insect larvae to form cocoons. silk is acknowledged as one of the most luxurious natural fibers and is distinctive from other natural fabric materials in that it is lightweight yet strong. Sericulture is the most widely used technology to manufacture silk, by cultivating of the silkworm. However, innovations are being made for developing new alternative techniques. High resistance to deformation, strong natural fiber, good affinity to dye, low density making it light and comfortable, and good insulation are some of the properties owing to which they are gaining popularity across the globe.

Silk Market: Drivers & Restraints

Market Drivers:

Rising Demand from Textile Industry

The textile industry is one of the fastest-growing applications of silk. Silk is being used in the textile industry due to its possess properties such as lustrous appearance, resilient, luxurious feel, lightweight and strength. In the textile industry, silk is used for sarees, gowns, wedding dresses, neckties, as well as in may household products such as wall hangings, pillows, and others. Silk’s property of absorbency makes it comfortable for it even in warm weather. Moreover, silk has low conductivity which keeps warm air close to the skin during cold weather which has boosted its use for clothing such as ties, formal dresses, high fashion clothes, shirts, and others. Owing to different properties of silk has expected to increase its use in the textile industry, thus expected to boost its overall market growth.

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Now a day, silk is also gaining popularity from cosmetics and the medical industry and is expected to grow at a steady state. Silk fibroin a natural protein is used as a raw material while manufacturing various cosmetic products such as lotions, liquid soaps, shampoos, nail enamels, and conditioners. While silk polypeptide is used in skin lotion, cleansing cream, and soap due to its excellent film making functions. Increasing awareness regarding wellness, health, and style and tend to invest more in personal grooming has boosted the demand for cosmetic products which in turn boosting the demand for silk form the cosmetic industry.

Market Restraint:

Higher Raw Material Dependency from China

China is one of the leading suppliers for silk fibers and exports a larger quantity of silk to silk manufacturers across the globe. According to International Sericulture Commission, in 2018 the total silk production in China was 1,20,000 Metric Ton making China the biggest producer of silk. Around 90% of its silk production is been exported across the globe which increases the dependency on China by other importing countries such as the U.S., Italy, and others. The higher dependency of raw materials on China gives them the leverage on price settings and product quality which may hamper the product market. Thus, the higher dependency of raw materials on China may hinder the growth of the global Silk Market.

Silk Market: Key Segments

    • Based on Type: Mulberry Silk, Tasar Silk, Eri Silk, Muga Silk, Spider Silk, and Others
    • Based on Application: Textile, Medical, and Cosmetic
    • Key Regions Covered: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Silk Market: Report Scope

The report on the Silk Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Silk Market include:

    • Garima Silks (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
    • Bolt Threads
    • Anhui Silk
    • AMSilk GmbH
    • Eastern Silk Industries Ltd.
    • Kraig Biocraft Laboratories, Inc.
    • Wujiang Wanshiyi Silk Co. Ltd
    • Zhejiang Jiaxin Silk Co Ltd
    • ShengKun Silk Manufacturing Co., Ltd
    • WENSLI
    • Other Key Companies

Silk Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Silk Market, by Type

    • Mulberry Silk
    • Tasar Silk
    • Eri Silk
    • Muga Silk
    • Spider Silk
    • Others

Silk Market, by Application

    • Textile
    • Cosmetics
    • Medical
    • Others

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Silk Market by Region

    • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
    • North America (US, Canada, Mexico)
    • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
    • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
    • South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

    • What are the major developments impacting the global market and its growth?
    • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
    • What are the evolving types of the global market?
    • What are the evolving applications of global market?
    • What are the major characteristics that will affect the global market growth during the study period?
    • Who are the key global players operating in the market?
    • How are the major players leveraging in the existing global market conditions?

Table of Content

      1. Research Objectives
      2. Market Definition
      3. Research Scope
      4. Regional Coverage
      5. Research Timeline
      6. Assumptions
      7. Limitations
      1. Introduction
      2. Primary Research
        1. Key Industry Expert Insight
      3. Secondary Research
        1. Vital Data from Secondary Sources
      4. Market Size Estimation
      5. Data Validation & Triangulation
      1. Introduction
      2. Drivers
        1. Rising Demand from End-use Industry
      3. Restraints
        1. Higher Raw Material Dependency from China
      4. Opportunities
        1. Emerging Demand for Spider Silk
        2. Higher Demand Form Indian Textile Industry
      5. Challenges
        1. High Cost of Material
      1. Introduction
        1. Power of Buyers
        2. Power of Suppliers
        3. Intensity of Competition
        4. Challenges of Substitutes
        5. Challenges of New Entrants
      2. Macro-Economic Indicators
    6. SILK MARKET BY TYPE, Market Size in USD Million and Kiloton (2019—2027)
      1. Introduction
      2. Mulberry Silk
      3. Tasar Silk
      4. Eri Silk
      5. Muga Silk
      6. Spider Silk
      7. Others
    7. SILK MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2019—2027)
      1. Introduction
      2. Textile
      3. Cosmetics
      4. Medical
      5. Others
    8. SILK MARKET BY REGION, Market Size in USD Million and Kiloton (2019—2027)
      1. North America
        1. US
        2. Canada
        3. Mexico
      2. Asia-Pacific
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Taiwan
        6. Rest of Asia-Pacific
      3. Europe
        1. Germany
        2. France
        3. Italy
        4. UK
        5. Spain
        6. The Netherlands
        7. Rest of Europe
      4. Middle East & Africa
        1. Saudi Arabia
        2. UAE
        3. Rest of Middle East
      5. South America
        1. Brazil
        2. Argentina
        3. Rest of South America
      1. Introduction
      2. Market Ranking/Share Analysis of Key Companies
      3. Company Benchmarking
      1. Garima Silks
        1. Company Overview
        2. Financial Overview
        3. Products/Solutions/Services Offered
        4. Key Developments
        5. SWOT Analysis
      2. Bolt Threads
      3. Anhui Silk
      4. AMSilk GmbH
      5. Eastern Silk Industries Ltd.
      6. Kraig Biocraft Laboratories, Inc.
      7. Wujiang Wanshiyi Silk Co. Ltd
      8. Zhejiang Jiaxin Silk Co Ltd
      9. ShengKun Silk Manufacturing Co., Ltd
      10. WENSLI
      11. Other Key Companies
    11. APPENDIX
      1. Key Industry Expert Insights
      2. Primary Discussion Guide
      3. Customization Options

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