Sericulture Market 2024: Global Type, Application Trends, Demand Service, Share, Industry Growth, Regional Opportunities, and Forecast to 2031 | Anhui Silk, Zhejiang Jiaxin Silk Co., Ltd., Shengkun Silk Manufacturing Co., Ltd

DataM Intelligence has released a new research report on the Sericulture market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Sericulture Market is anticipated to reach USD 468.4 billion by 2031 from USD 251.2 billion in 2022, at a CAGR of 8.1% during the forecast period.

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Sericulture is the practice of cultivating silkworms to produce silk. This process involves the rearing of silkworms (primarily Bombyx mori) on mulberry leaves, followed by the harvesting of their, which are then processed to extract silk fibers. Sericulture is a significant agricultural industry in various countries, especially in Asia, where it contributes to both local economies and traditional crafts.

List of the Key Players in the Sericulture Market:

Anhui Silk, Zhejiang Jiaxin Silk Co., Ltd., Shengkun Silk Manufacturing Co., Ltd, WENSLI, China Silk International Trading (Shanghai) Co., Ltd., Bolt Threads, Spiber Technologies, Amsilk GmbH, Kraig Biocraft Laboratories Inc., Bang Textiles and Maajisa Group

Key Developments:

On September 4, the Indian Technical and Economic Cooperation, along with the Central Sericulture Research and Training Institute (CSRTI), launched a four-week international training program focused on sericulture and the silk industry. This program will host 30 trainees from various countries, including Cameroon, Ethiopia, Ghana, Iran, Kenya, Myanmar, Nigeria, the Philippines, Uganda, Bangladesh, Vietnam, Zimbabwe, and Thailand.

In March 2023, the Agriculture Insurance Company of India (AIC) announced that it received a license from IRDAI to offer insurance products for the sericulture, aquaculture, and cattle sectors.

In April 2021, the Government of Manipur introduced a NIC-developed website for the Department of Sericulture in India.

Research Process:

Both primary and secondary data sources have been used in the global Sericulture Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Sericulture Market:

By Type: Mulberry Silk, Vanya Silk, Eri Silk, Others

By Production Process: Cocoon Production, Reeling, Throwing, Weaving, Dyeing

By Application: Textile, Cosmetics and Medical

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Sericulture market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Sericulture Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Sericulture market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Sericulture Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Sericulture market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Sericulture market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Sericulture market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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