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Global Silk Market Anticipated to Generate a Revenue of $34,102.5 Million and Rise at a CAGR of 8.2% during the Analysis Timeframe from 2022 to 2031 [250-Pages] | Approved by Research Dive

December 21, 2022

New York, USA, Dec. 21, 2022 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global silk market is projected to garner a revenue of $34,102.5 million and rise at a CAGR of 8.2% throughout the estimated timeframe 2022-2031.  As per our analysts, due to the requirement of less initial investment and a more intensive industry, the global silk market is predicted to observe prominent growth during the forecast timeframe. Besides, the silk protein is desirable for use in the production of various cosmetics and supplements which is further expected to fortify the growth of the market over the estimated period. Moreover, the increasing use of silk in clothing and apparel is expected to create huge growth opportunities for the market during the analysis timeframe. However, fluctuating silk material prices may hinder the growth of the market throughout the forecast period.  Request an Exclusive PDF Sample of the Silk Market (Including Tables, TOC, and Figures) Segments of the Silk Market The report has divided the market into segments based on type, end-user, and region.  Type: Mulberry Silk Sub-Segment to be Most Profitable The mulberry silk sub-segment is predicted to hold the largest share of the market throughout the estimated timeframe. This is mainly because of the huge prominence of silk in the textile industry. In addition, the continuous launch of novel and innovative products with excellent resistance against mold, mildew, and dust mites is expected to fortify the growth of the market sub-segment during the analysis period.  End-User: Textile Sub-Segment to be Most Productive The textile sub-segment is expected to hold the maximum share of the market during the forecast timeframe. This is mainly because silk is a crucial contributor to the textile industry owing to its lustrous appearance, light weightiness, and great strength. Moreover, the increasing use of silk in the production of surgical sutures, parachutes, clothing, and many more are predicted to upsurge the growth market sub-segment throughout the analysis timeframe.  Ask an Expert Analyst or Schedule a call to Get the Latest Trends on Silk Market Asia-Pacific Region to Hold the Largest Share of the Market   The Asia-Pacific region of the silk market is expected to have a significant growth rate over the estimated timeframe. This is mainly due to the strong presence of highly competitive and leading manufacturing companies in this region. The growing population in this region together with the increasing number of startups are predicted to drive the regional growth of the market during the forecast timeframe.  Covid-19 Impact on the Silk Market The outbreak of the Covid-19 pandemic has had a negative impact on the silk market. This is mainly because the silk industry faced various production-level challenges such as fluctuating cocoon and raw silk prices, labor shortages, transportation problems, declined sale of silk products, and many more during the pandemic period. However, the adoption of the internet and new technologies in the silk market to develop, transform and upgrade market scenarios by leading companies has increased the growth opportunities for the market during the period of crisis.  Request an On-Demand Customization OF the Specific Segments or Regions on the Silk Market Key Players of the Market The major players of the silk market include AMSilk GmbHChina Silk Group Co.LtdSichuan Nanchong Liuhe (Group) Corp.Zhejiang Jiaxin Silk Co.Ltd.Bolt ThreadsXuzhou Shengkun Silk Manufacturing Co. Ltd.EntoGenetics Inc.Spiber TechnologiesAnhui Silk Co. Ltd.Libas Textiles Ltd. These players are widely working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to attain a leading position in the global industry.   For instance, in July 2022, AMSilk, a leading producer of smart-performing biotech materials announced to scale up its production of high-performance bio-based silk materials and expand its production network outside of Europe by collaborating with brands Adidas. With this AMSilk aimed to become the world’s first industrial supplier of vegan silk biopolymers and produce large quantities of premium bio-fabricated silk materials in constant quality.   Further, the report also summarizes other crucial aspects including SWOT analysis, the financial performance of the key players, and the latest strategic development.  More about Silk Market:

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