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Silk Market by Type, Application, and Region - Global Forecast to 2021

Silk Market: Global Forecast until 2021

  • May 2017
  • 112 pages
  • ID: 4898227
In this report:
The textile industry in Peru has seen growth in recent year owing to increased demand from the U.S. The textile industry had witnessed growth of around ##% in 2014 and export to the U.S. had increased by more than ##% in the same year.
Currently, China is the largest producer and exporter of silk and produce around ##% of the global silk production.

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"Technological improvements in the sericulture market are forecast to steer the silk market"

The overall silk market is estimated to grow ~$16.9B by 2021, at a compound annual growth rate of 7.80 percent from 2016 to 2021. Technological improvements in sericulture and enhanced quality of silk are the main drivers for the silk market. Modernizations to rise the yield and quality of silk are anticipated to significantly drive the silk market.

"Established on category, the mulberry silk segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period"

Established on category, the mulberry silk segment led the silk market in 2015 and is anticipated to continue its dominance during the estimate period. Big amounts of silk procured for textile applications is obtained from the Bombyx mori L. silkworm, which feeds solely on the leaves of the mulberry plant. Furthermore, ease of usage of mulberry silk with cotton and the blend to improve base properties of both the fibers further makes it the most consumed silk type. Its application in textile, and cosmetics & medicine sectors to produce various products is fueling the rise of the silk market for mulberry silk.

"Textile is the most important application segment of the silk market"

Silk is mainly used in the textile sector. The industry demand for silk is increasing in the textile market and the trend is expected to progress in the outlook. Silk fabrics are used for arts and decorations as well as for clothing. Silk is used in the textile sector as it is lustrous, luxurious, lightweight, resilient, and strong. It is used in the textile market to make distinct products including wedding dresses, gowns, blouses, scarves, neckties as well as in pillows, wall hangings, draperies, upholstery. Key market drivers for increase of the textile segment are the growing disposable income of consumers, changing consumer lifestyle, changing customer preference in high consuming countries of textile including China, India (IN), and the U.S.A

"Asia-Pacific silk market is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period"

The Asia-Pac area is the biggest market for silk globally. There is tremendous scope for increase for the silk market in the Asia-Pacific region due to high increase of the textile sector, mainly of China and India (IN). China (CN) is the main consumer of silk in the Asia-Pac region as well as globally. Additionally, rising export of textile goods within the Asia Pacific (APAC) area is a main factor driving the silk market in the territory.

This analysis has been approved through primary Q&A managed with different market experts globally. Those primary sources have been sliced into three class, that is, organization, description, and area.

• By Type of company- tier 1 60.0 percent, Tier 2 30.0 percent and Tier 3 10.0 percent

• By Designation- C Level- 40.0 percent, Director Level- 30.0 percent, Others- 30.0 percent

• By Region- North america (NA)- 10%, Asia-pac- 50%, Western Europe- 20.0 percent, and Middle East (ME) & Africa- 20.0 percent

The market research also contains company analysis and competitive landscape approved by the main market players including Anhui Silk Co. Ltd., Kraig Biocraft Laboratories, Incorporated, Wujiang First Textile Co., Limited, Wujiang Wanshiyi Silk Co., Limited, and Zhejiang Jiaxin Silk Corp., Limited.

Segment Research

This business report includes the overall silk market established on category, application, and area. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions and key industries strategies. The study will facilitate industry top players/new sector entrants in this sector by providing them the closest approximations of revenues for the global silk market.

Why acquiring this study can help you:

From an insight prospect, this market research has focused upon different levels of analyses - industry study, supply chain research, and company descriptions, which together comprise and examine basic views on opposing landscape, coming out and high-growth segments of the silk market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on silk provided by the top actors in the overall silk market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the overall silk market

• Market Development: Highlighted information about lucrative industries - the market research examines the industries for silk across localities

• industry diversification: Complete information about untapped areas, recent evolutions, and market investments in the overall silk market

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