Silk Market to Exhibit a Remarkable CAGR of 8.30% by 2030, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the global silk market was valued at USD 432.65 million by 2022 and is expected to reach the value of USD 771.62 million by 2030, at a CAGR of 8.30% during the forecast period of 2023 to 2030. "Textile segment" dominates the application segment of the global silk market part owing to its remarkable features such as lightweight fabric, luxury, and great strength. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition:

Silk is a natural fibre that is obtained from cocoon of silk worms. Thus, the process of growing silk worms to obtain and produce silk is called sericulture. In the past, silk was used to make parachutes but now it is used to make clothes. The protein fibre of silk is composed of fibroin. The best silk is obtained from of the larvae of a mulberry silkworm Bombyx mori. Real silk is very expensive as it takes around 10,000 to obtain that quality of silk. Silk can also be employed in unexpected ways such as bicycle tires, medicine and so on. Summer is the best weather to wear silk because of its absorbent nature and has low conductive properties.

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Some of the major players operating in the global silk market are:

• Anhui Silk (China)
• Eastern Silk Industries Ltd. (India)
• ERIS GLOBAL (India)
• Wujiang First Textile Co., Ltd. (China)
• Kraig Biocraft Laboratories, Inc. (U.S.)
• Zhejiang Jiaxin Silk Co., Ltd. (China)
• Ongetta srl (Italy)
• Sichuan Nanchong Liuhe (Group) Corp. (China)
• ShengKun Silk Manufacturing Co., Ltd. (China)
• Jiangsu Sutong Cocoon & Silk Co. (China)
• Wensli (China)
• Wujiang Wanshiyi Silk Co. Ltd. (China)

Competitive Landscape and Global Silk Market Share Analysis:

The global silk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global silk market.

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