Global Silk Market was valued at US$ 11.82 Bn in 2019 and is estimated to reach US$ 20.32 Bn by 2026
growing at a CAGR of 7.01% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders,
followers, and disruptors. Since the lockdown was implemented differently in various regions and
countries; the impact of the same is also seen differently by regions and segments. The report has
covered the current short-term and long-term impact on the market, and it would help the decision-
makers to prepare the outline and strategies for companies by region.
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The silk market is driven by the growth of the textile and cosmetic industry. The increase in demand for
silk, technological advancement in sericulture drives the market growth. The silk market requires less
investment, and it does not need complicated machines and equipment for its production. However,
higher dependence on China for the silk raw material is hampering the demand of the silk market as
there are limited producers in the silk market. The major challenges faced by the silk market are the high
price of silk raw material and labor concentrated industry. Emerging applications of silk in medical
applications act as a lucrative opportunity for the silk market.
Global Silk Market Segment Analysis:
The mulberry silk segment is expected to lead the silk market globally due to its flexibility, high strength,
and durability. Mulberry silk is one of the most prominent and popular forms of Silk. Mulberry silk is
largely used in the manufacturing of textile such as scarves, gowns, blouses, apparel, wedding dresses,
as well as in interiors such as draperies, pillows, and wall hangings. Tussar silk products are used as the
base material for furnishing fabrics, handicrafts, and stitched apparel. Fashion designers use Tussar silk
in their creations. Eri silk was mostly used for the preparation of winter shawls for men