Global Silk Strategic Business Report 2022: Market to Reach $23.1 Billion by 2027 With Mulberry Silk Accounting for $10.4 Billion
The “Silk: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Silk Market to Reach $23.1 Billion by 2027
The global market for silk, which was estimated to be worth US$15.3 billion in 2020 but has since been revised to US$23.1 billion, is expected to grow at a CAGR of 6% from 2020 to 2027 in the altered post-COVID-19 business environment.
The report projects that Mulberry Silk, one of the segments it analyzes, will grow at a 7.1% CAGR and reach US$10.4 billion by the end of the analysis period. Given the ongoing post-pandemic recovery, the Tussar Silk segment’s growth is readjusted to a revised 5.7% CAGR for the following seven years.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 10.6% CAGR
American Silk market is estimated at In 2020, US$4.2 billion will be spent. With a projected market size of US$5 billion by 2027 and a CAGR of 10.6% from 2020 to 2027, China, the second-largest economy in the world, is expected to reach this milestone.
Japan and Canada are two other notable geographic markets, with growth rates for each country predicted to be 2.6% and 6.1%, respectively, from 2020 to 2027. Germany’s growth within Europe is predicted to be 3.3% CAGR on average. The market in Asia-Pacific is anticipated to reach US$3 billion by 2027, driven by nations like Australia, India, and South Korea.
Other Types Segment to Record 4.8% CAGR
The United States, Canada, Japan, China, and Europe are expected to drive the 4.8% CAGR predicted for the global Other Types segment. These regional markets, with a combined market value of US$3.3 billion in 2020, are expected to grow to US$4.4 billion by the end of the analysis period.
China will continue to be one of the regional markets with the fastest growth. Through the course of the analysis, Latin America will grow at a 6% CAGR.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Silk – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 48 Featured)
- AMSilk GmbH
- Anhui Silk Co. Ltd.
- Bolt Threads Inc.
- China Silk Corporation
- the Jiangsu Sutong Cocoon & Silk Co., Ltd.
- Xinxing Cocoon Silk Co. in Jinchengjiang, Ltd.
- Kraig Biocraft Laboratories, Inc.
- Manufacturer of silk, Shengkun Silk Co., Ltd.
- Liuhe (Group) Co. in Sichuan, China., Ltd.
- Spiber Technologies
- Wensli Group Co. Ltd.
- First Textile Company of Wujiang, Ltd.
- Zhejiang Jiaxin Silk Co., Ltd.
Reference: https://www.prnewswire.com/news-releases/global-silk-strategic-business-report-2022-market-to-reach-23-1-billion-by-2027-with-mulberry-silk-accounting-for-10-4-billion-301713641.html
