Sericulture Market is expected to reach US$ 468.4 billion by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031 - Anhui Silk, Zhejiang Jiaxin Silk Co., Ltd & Amsilk GmbH.

Sericulture Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Sericulture Market reached US$ 251.2 billion in 2022 and is expected to reach US$ 468.4 billion by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031.

Sericulture is the cultivation of silkworms for producing silk, one of the world's most luxurious and highly sought-after natural fibers. The process involves rearing silkworms, primarily Bombyx mori, on mulberry leaves until they spin cocons, which are later harvested for silk threads. Countries like China, India, and Brazil are leading producers of silk, supporting a major industry in textiles, fashion, and handicrafts. Sericulture provides employment to millions, especially in rural areas, and contributes significantly to the economy. Advancements in biotechnology are improving silk quality and enhancing production efficiency, making sericulture more sustainable.

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.

Industry Development:

❁ On September 4, the Indian Technical and Economic Cooperation, along with the Central Sericulture Research and Training Institute (CSRTI), organized a series of weeklong international training programs in sericulture and the silk industry. The programs aim to enhance skills and knowledge in sericulture practices, with 30 trainees from various countries, including Cameroon, Ethiopia, Ghana, Iran, Kenya, Myanmar, Nigeria, the Philippines, Uganda, Bangladesh, Vietnam, Zimbabwe, and Thailand, participating. This initiative emphasizes the importance of global collaboration and the sharing of expertise in the sericulture sector.

Growth Forecast Projected:

The Global Sericulture Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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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.

Regional Analysis for Sericulture Market:

The regional analysis of the Sericulture Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Sericulture market?

➠ Who are the leading manufacturers in the global Sericulture industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Sericulture industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Sericulture market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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