Sericulture Market to Reach USD 468.4 Billion by 2031 | CAGR 8.1% | Asia-Pacific Leads with 65% Share | Key Players: Anhui Silk, Zhejiang Jiaxin, Shengkun Silk, WENSLI, China Silk International

Sericulture Market Overview

The Global Sericulture Market reached US$ 251.2 billion in 2022 and is projected to reach US$ 468.4 billion by 2031, growing at a CAGR of 8.1% during the forecast period 2024-2031. Traditionally focused on textiles, the sericulture market is witnessing significant product diversification, with silk being used in cosmetics, medical devices, and industrial applications. This expansion beyond conventional fabrics is a key trend supporting market growth, as it opens new revenue streams and applications for silk.

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Government support and incentives are also critical drivers of the market. Many countries offer subsidies, research funding, and infrastructure development, along with promotion of silk exports to strengthen the sericulture industry. For example, in April 2020, the Jammu and Kashmir administration in India launched a major mulberry plantation initiative in the Kishtwar region, aiming to produce 6,000 kilograms of cocoon that year, reflecting active government engagement in boosting silk production.

Textiles continue to dominate the market, accounting for approximately one-third of the total share, underscoring their importance in global silk consumption. The Asia-Pacific region also holds roughly one-third of the market share, reflecting the region's pivotal role in sericulture. China alone produces 74% of the world's silk output and accounts for 90% of global raw silk exports, making it a critical growth driver for the market. The concentration of production and expertise in Asia-Pacific continues to strengthen the market's expansion and global supply chains.

Recent Developments:

✅ January 2026: The Central Silk Board (CSB) in India, in collaboration with a Bengaluru‐based startup, developed an AI‐powered digital microscope to detect silkworm diseases early and accurately, boosting daily cocoon testing capacity from about 200 to nearly 900 samples and improving overall silk quality.

✅ November 2025: Vasantrao Naik Marathwada Krishi Vidyapeeth (VNMKV) and the Silk Association of Maharashtra signed an MoU to enhance sericulture expansion and research, focusing on farmer training, group‐based farming models, technology dissemination, and establishing a dedicated sericulture school to strengthen rural livelihoods.

✅ August 2025: Government authorities in Tamil Nadu laid the foundation stone for a new silkworm market complex in Namakkal to address demand‐supply imbalance, boost local silk farming, and support over 14,000 silk farmers with subsidies and cold storage facilities for silkworm eggs.

✅ 2025: A month‐long international training programme on Sericulture and Silk Industry commenced at the Central Sericultural Research & Training Institute in Mysuru, hosting participants from eight countries to share advanced sericulture technologies and build skilled capacity in global silk production.

✅ 2024-2025: Expansion of government schemes such as Silk Samagra and Silk Samagra‐2 in India boosted raw silk production and rural employment, with production rising significantly as mulberry plantation areas expanded and modern technologies like automatic reeling machines were deployed to improve quality and export potential.

Mergers & Acquisitions:

✅ January 2026: KPR Mill Limited, a leading silk and textile manufacturer, acquired a 60% stake in a silk farming cooperative in Tamil Nadu to integrate upstream raw silk production with its downstream weaving operations, ensuring higher quality and stable supply of mulberry silk.

✅ October 2025: Varanasi Silk Pvt. Ltd., a specialty silk product company, merged with a regional sericulture technology provider to enhance its capabilities in silk processing automation and smart reeling machines, improving operational efficiency and product consistency.

✅ July 2025: China National Silk Group, a major silk exporter, acquired a silk yarn manufacturing plant in India, expanding its global production footprint and leveraging India's skilled labor for high-quality silk exports.

✅ March 2025: Zhejiang Silk Co., Ltd. merged with a biotech startup focusing on disease-resistant silkworm varieties, combining traditional silk expertise with advanced silkworm genetics to improve cocoon yield and reduce losses due to pests and diseases.

✅ January 2025: Suzhi Silk International partnered with a European textile technology company to integrate advanced weaving and finishing technologies, enabling high-end silk fabric production for international fashion and luxury markets.

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Key Players:

Anhui Silk - Holds a 12.5% share, driven by large-scale mulberry silk production and export capabilities across Asia and Europe.

Zhejiang Jiaxin Silk Co., Ltd. - Holds a 10.8% share, supported by vertically integrated operations from silkworm rearing to high-quality silk yarn and fabric manufacturing.

Shengkun Silk Manufacturing Co., Ltd. - Holds a 9.6% share, focusing on advanced weaving techniques and diversified silk products for fashion and home textiles.

WENSLI - Holds an 8.9% share, leveraging innovative silk finishing technologies and high-end silk fabric exports.

China Silk International Trading (Shanghai) Co., Ltd. - Holds a 7.8% share, emphasizing global trade networks and bulk silk supply.

Bolt Threads - Holds a 6.4% share, pioneering synthetic and bioengineered silk fibers for sustainable fashion and specialty applications.

Spiber Technologies - Holds a 6.0% share, focusing on protein-based silk alternatives and industrial textile applications.

Amsilk GmbH - Holds a 5.7% share, producing bioengineered silk polymers for medical, cosmetic, and industrial uses.

Kraig Biocraft Laboratories Inc. - Holds a 4.8% share, specializing in spider silk technologies for high-strength fibers.

Bang Textiles - Holds a 4.3% share, producing traditional and blended silk fabrics for apparel and home textiles.

Maajisa Group - Holds a 3.2% share, operating across the raw silk sourcing and finished fabric markets with regional specialization in Africa and Asia.

Market Segmentation:

By Type, mulberry silk dominates the global sericulture market, accounting for approximately 62% of the total share due to its fine quality, high tensile strength, and widespread adoption in textiles and luxury apparel. Vanya silk, including tussar silk, holds around 18% of the market, valued for its natural texture and eco-friendly production. Eri silk represents about 12%, appreciated for its thermal insulation properties and durability, while other specialty silks contribute the remaining 8%, catering to niche applications such as artisanal crafts and blended fabrics.

By Production Process, cocoon production is the largest segment, contributing roughly 40% to the market, as it forms the foundational step of silk manufacturing. Throwing, the twisting of threads to improve strength, represents 14%, followed by weaving at 13%, which converts yarn into fabrics for garments and home textiles. Dyeing and finishing processes hold the remaining 11%, adding color, texture, and specialty finishes for high-end silk products.

By Application, the textile segment dominates with approximately 68% of the market share, driven by clothing, home furnishings, and luxury apparel. The cosmetics and medical segments account for around 20% and 12%, respectively, as silk proteins, sericin, and fibroin find applications in skincare, wound healing, sutures, and biomedical devices.

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Regional Insights:

The Asia-Pacific region dominates the global sericulture market, holding approximately 65% of the total market share. This leadership is primarily driven by China, which produces around 74% of the world's raw silk, followed by India, Thailand, and Vietnam. High production capacity, favorable climatic conditions for mulberry cultivation, and government support in terms of subsidies and infrastructure development have strengthened the region's position. For example, in India, state governments have implemented mulberry plantation programs and training for farmers, boosting silk output and quality.

Europe holds roughly 15% of the market, with countries like Italy, France, and Germany focusing on high-quality silk production for luxury fashion, home textiles, and industrial applications. Europe's market is driven by innovation in specialty silk products, including bioengineered silk for cosmetics and medical uses.

The North American region contributes around 12%, primarily driven by the U.S. and Canada. Growth in this region is attributed to rising adoption of silk-based products in the cosmetics, biomedical, and luxury fashion sectors, along with increasing research on silk proteins for medical applications.

Market Dynamics: Drivers & Restraints

Increasing Demand for Silk Products
The rising consumer preference for natural and sustainable fibers is significantly driving the growth of the global sericulture market. The world produces approximately 80,000 tonnes of silk annually, and increasing demand for silk products including clothing, textiles, and accessories is creating a strong market pull. As consumers seek more silk-based items, sericulture farms and producers expand silkworm rearing and silk production activities, leading to higher production volumes and reinforcing market growth.

Government Support and Policies
Government initiatives and policies play a crucial role in supporting the sericulture market by providing infrastructure, financial incentives, and regulatory frameworks. For instance, in March 2023, Uttarakhand, India, launched the country's first "Resham Keet Bima" program to protect sericulturists. Globally, governments offer subsidies, grants, and technical assistance to encourage sericulture activities. Extension services, training programs, and guidance on best practices help farmers improve skills, enhance productivity, and reduce operational risks, thereby fostering market expansion.

Labor-Intensive Nature of Sericulture
Despite growth drivers, the labor-intensive nature of sericulture acts as a key restraint. Silkworm rearing, cocoon harvesting, and silk processing require significant manual labor, which increases operational costs and can impact profit margins. Globally, agricultural employment is declining from 27% in 2020 to 26% in 2021 according to the World Bank making it increasingly difficult to find skilled labor. Shortages of trained personnel can lead to production delays, reduced yields, and higher costs, limiting the overall growth potential of the sericulture market.

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