USD 8.06 billion Growth in Silk Market Size with 64% of the Contribution from APAC - Increasing Requirement for Silk In The Textile Industry to Boost Market Growth - 17,000+ Technavio Research Reports

NEW YORK, Sept. 7, 2022 /PRNewswire/ -- The "Silk Market Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the silk market between 2021 and 2026 is USD 8.06 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 8.13%. Technavio categorizes the global silk market as a part of the global textiles market within the global textiles, apparel, and luxury goods market. Our report provides extensive information on the value chain analysis for the silk market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The increasing requirement for silk in the textile industry is one of the key drivers supporting the silk market growth. In addition, the increasing R&D on spider silk is one of the key silk market trends contributing to the market growth. However, health hazards during silkworm rearing will be one of the factors hampering the silk market growth.

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Key Market Segment Dynamics:

he silk market report is segmented by Application (Textiles, Cosmetics, and Medicine), Type (Mulberry, Tussar, and Eri), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). 

• Revenue-generating Segment Highlights: The silk market share growth in the textiles segment will be significant during the forecast period. Textiles are produced mainly from four types of natural fibers: cotton, wool, silk, and jute. Even though silk is known as the queen of all textiles because of its sheen, luster, inherent affinity to dyes, lightweight, and high strength, it constitutes less than 0.5% of global textiles production. Recently, silk has gained more importance in the global textile industry. It is used in luxury items, dress materials, wedding dresses, evening gowns, blouses, scarves, and neckties. Such an increasing use of textiles will boost the market growth during the forecast period.
• Regional Opportunities:  64% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the silk market in APAC. Market growth in this region will be slower than the growth of the market in North America and South America. The increase in disposable income will facilitate the silk market growth in APAC over the forecast period. 

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Some Companies Mentioned with their Offerings

• AMSilk GmbH: The company offers spider silk-based products including coatings, beads, films, non-wovens, and fibers all of which can be used to develop new products. The company offers silk products such as silk proteins, silk polymers, and silk powder.
• Anhui Silk: The company focuses on the manufacturing and development of cocoon, silk products, chemical fiber, cotton, wool, other fabrics, and make-ups. The company offers silk fabrics such as paj, habotai, chiffon, crepe, georgette, silk twill, shantung and organza.
• Bolt Threads: the company offers advanced performance fibers and fabrics. The company offers silk materials such as Mylo, B Silk Protein, and Microsilk.
• Eastern Silk Industries Ltd.: The company offers textiles and its allied products. The company offers silk products for furnishing and fashion garments.
• Guangzhou Z and Z Digital Textile Co. Ltd.: Through this segment, the company focuses on the production of silk, cotton, linen, wool, polyester, nylon, and digital printing. The company offers silk product namely pure silk digital printing.
• Camenzind and Co. AG
• Jinchengjiang Xinxing Cocoon Silk Co. Ltd.
• Kraig Biocraft Laboratories Inc.
• Qingdao Textiles Group Fiber Technology Co. Ltd.
• WENSLI
• WUJIANG FIRST TEXTILE CO. LTD.
• Wujiang Wanshiyi Silk Co. Ltd.
• Xuzhou Shengkun Silk Manufacturing Co. Ltd.
• Eris Global
• ONGETTA Srl
• Zhejiang Jiaxin Silk Co. Ltd.
• Access vendor-specific insights and product offerings as you Download Sample PDF

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Application
• Market Segmentation by Type
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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