The global silk market size reached around USD 20.40 Billion in 2023. The market is projected to grow at a CAGR of 6.70% between 2024 and 2032 to reach nearly USD 36.57 Billion by 2032.
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Forecast Year
The leading silk-producing nations globally include China, India, Uzbekistan, Brazil, and Japan, among others. The primary consumers of silk are the United States, Italy, Japan, India, and France, along with several other countries. China is the foremost producer, generating 146,000 metric tons of silk each year. India follows in second place with an annual production of 28,708 metric tons, while Uzbekistan ranks third with 1,100 metric tons produced annually. Notably, India is unique in its ability to produce all five types of commercial silk: Mulberry, Tropical Tussar, Oak Tussar, Eri, and Muga, which collectively hold a global market value of USD 16.86 billion.
Silk is a highly versatile natural fibre, esteemed across numerous sectors for its luxurious texture, strength, and sustainability. In the fashion sector, it is prized for its smooth feel, vibrant lustre, and lightweight characteristics, making it perfect for premium garments such as evening dresses, scarves, and ties. Furthermore, silk is a favoured choice in home textiles, including bed linens, curtains, and upholstery, owing to its durability and visual appeal. Beyond the realm of fashion, silk is increasingly being utilised in healthcare and cosmetics, where its hypoallergenic properties are advantageous in wound dressings, medical sutures, and skincare products like moisturisers and masks. Additionally, advancements in synthetic and bioengineered silk are paving the way for innovative uses, such as biodegradable packaging, 3D printing, and sustainable textiles, thereby contributing to environmentally friendly solutions.
Value in USD Billion
2024-2032
Silk Market Outlook
*this image is indicative*
The silk market growth can be attributed to escalating demand for luxury goods, expanding uses of silk in healthcare and cosmetic applications, advancements in the textile and fashion sectors, and rising innovations in silk production technology
The increasing inclination towards luxury goods and high-end fashion significantly influences the silk market, as silk epitomises luxury, comfort, and sophistication. The readiness of consumers to invest in premium and sustainable materials further enhances the demand for silk.
Silk's inherent characteristics, including hypoallergenic and moisture-retaining properties, elevate its application in healthcare products such as wound dressings and cosmetic formulations. Its integration into beauty products and textiles designed for sensitive skin also propels the market growth.
The fashion sector's heightened emphasis on eco-friendly and sustainable materials amplifies the demand for silk. Its adaptability and exceptional texture render it a favoured choice in both traditional and modern apparel, resulting in its broader acceptance globally.
Progress in sericulture techniques, including genetic modification and automated harvesting methods, enhances both the quality and yield of silk. These technological advancements render silk production more efficient and economically viable, thereby fostering the market growth within the textile and fashion sectors.
The market is witnessing significant expansion, influenced by several prominent trends. One significant trend is the rising demand for luxury and sustainable goods, with silk emerging as a favoured material due to its environmentally friendly characteristics. Consumers are increasingly attracted to natural fibres such as silk, which provide comfort, longevity, and hypoallergenic advantages. Moreover, advancements in silk production technology, including bioengineering and synthetic silk, are fostering innovation in both the fashion and medical sectors. The textile sector is progressively adopting sustainable practices, enhancing the use of silk as a renewable resource. Additionally, silk is becoming more prevalent in healthcare and cosmetic applications, including wound care, skincare, and hair care products.
The EMR’s report titled “Global Silk Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Breakup by Application
Breakup by Region
Based on the application, the market is segmented into textile, cosmetics, and medical. The textile segment is projected to grow at a CAGR of 9.1% during the forecast period of 2024-2032. Silk is utilised in the textile sector due to its opulent texture, durability, and inherent lustre. It is favoured in upscale apparel, furnishings, and various accessories, providing excellent breathability, a soft touch, and an elegant appearance.
Market players are focusing on sustainable production methods to gain a competitive edge in the silk market.
Established in 2009 and based in Emeryville, California, Bolt Threads is a pioneer in the field of bioengineered materials, particularly known for its silk alternatives derived from yeast fermentation. The company is dedicated to sustainable textile solutions, providing cutting-edge innovations for the fashion and consumer goods sectors.
Founded in 1971 and located in Los Angeles, United States, Libas Limited is a prominent supplier of fabric to ...
Incorporated in 1993 and situated in Jiangsu, China, Shengkun Silk Manufacturing Co., Ltd. is renowned for its...
Founded in 2008 and headquartered in Germany, AMSilk GmbH is a prominent biotechnology firm that specialises i...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the silk market are Zhejiang Jiaxin Silk Corp., ONGETTA Srl, Eastern Silk Industries Ltd., Spiber Technologies AB, and Kraig Biocraft Laboratories, Inc., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 20.40 Billion.
The market is assessed to grow at a CAGR of 6.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 36.57 Billion by 2032.
The major drivers of the market are escalating demand for luxury goods and expanding uses of silk in healthcare and cosmetics.
As per the EMR report, the different applications of silk are textile, cosmetics, and medical.
The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are Bolt Threads, Libas Limited, Shengkun Silk Manufacturing Co., Ltd., AMSilk GmbH, Zhejiang Jiaxin Silk Corp., ONGETTA Srl, Eastern Silk Industries Ltd., Spiber Technologies AB, and Kraig Biocraft Laboratories, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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