Global Silkworm Filament Market Size (2023 - 2030)

As per our research report, the global Silkworm Filament market is projected to grow at a CAGR of 7.6% from 2023 - 2030.

Industry Overview:

A natural material called silk is made from the cocoon of silkworms. Sericulture is the practice of raising silkworms to obtain and make silk.  Fibroin makes up the protein fiber in silk. The Bombyx mori mulberry silkworm larvae's cocoons yield the best silk. Silk is incredibly silky, adds beauty, and provides comfort. The largest and fastest use of silk so far has been in textiles. Based on price and output, mulberry silk has dominated the market and will keep doing so. Mulberry silk is also mixed with other natural fibers like cotton to enhance the properties of the basic fabric. Due to advancements in silk quality, it is projected that mulberry silk demand would increase and support the silk market in the future. The second most common type of silk used is tussar silk, behind mulberry silk. The textile sector has experienced a tremendous expansion in recent years, which has led to an increase in demand for silk over the anticipated period. Furthermore,  producing silk does not require sophisticated machinery or equipment, the silk market requires less investment. It is more labor-intensive than sectors whose growth is heavily dependent on capital. The growth of the market is influenced by these elements. China supplies a sizable amount of the silk that is consumed in the Asia-Pacific area. Since Asia-Pacific is the region that produces the rawest silk, it also has the easiest access to raw materials. The silk market is anticipated to continue to grow as a result of technological advancement in the sericulture sector.

COVID-19 pandemic impact on Silkworm Filament Market

The silkworm filament market was adversely affected by the coronavirus outbreak. The silk industry experienced a variety of production-related challenges during the COVID-19 period, including fluctuating cocoon and raw silk prices, transportation problems, a lack of skilled workers, a drop in the sale of raw silk and silk-related products, a decline in working capital and cash flow, a decrease in export/import orders, and other limitations. Orders and supply over the past six months have revealed a falling trend in silk production throughout the peak COVID-19 period, which is now noticeably improving. Aside from affecting consumption patterns, the epidemic has also altered silk marketing methods. There have been significant supply chain issues for businesses in the China, India, and France region. Several businesses have simultaneously worked to combine the Internet and new technology to innovate, develop, transform, and upgrade in response to market shifts, thereby fending off the pandemic-related economic crisis.

MARKET DRIVERS:

The market is expanding due to rising demand from applications in the textile, cosmetics, and pharmaceutical industries

The silk market's largest and fastest-growing use is in the field of textiles. Silk is utilized in textiles because of its shiny appearance, plush feel, lightweight, resilience, and strength. Numerous household items, like cushions, wall hangings, draperies, and upholstery, are made of silk material, including wedding gowns, scarves, and ties. The use of silk in cosmetics and medicine is another significant application. This silk use is still in its infancy and caters to a very small segment of the silk market. Numerous cosmetic products are made from a natural protein called silk fibroin as their base. Due to its superior film-making capabilities, silk polypeptide is utilized in shampoo, skin cream, washing cream, skin lotion, and soap. Silk-based biomaterials have been utilized as sutures in clinical settings in medicine for decades.

The growth of the sericulture industry is being fueled by technological advancement

The silkworm filament market is accelerated by the employment of cutting-edge technology. The demand for silk is driving up the size of the silk market in the textile, commercial, and cosmetic industries. The key reason for fostering the industry's expansion is the advancement of sericulture technology. Along with technological advancements, changes in consumer fashion preferences have a significant impact on industry growth and development, and opportunity.

MARKET RESTRAINTS:

High material costs and an increased reliance on China for raw materials may hamper the market growth

The most challenging aspect of the size of the silk market is the high cost of the raw resources for making silk and the heavy dependence on the export of those raw materials, with China reportedly being the main producer of silk. Silk is often considered to be an extremely pricey material. Additionally, silk clothing is difficult to clean because it typically requires dry cleaning. In addition, prolonged exposure to the sun and water might harm it. The cost to the final customers is increased as a result.

The availability of substitutes could impede market expansion.

The silk market can suffer from the availability of alternatives at substantially lower prices. As a result, this could hinder the growth pace of the silk market. Energy usage is also the main problem with mulberry silk. Even now in Asia's hot climate, silk farms must be kept at a specified humidity and temperature, which calls for a lot of air conditioning and humidity control. The phases of drying and boiling also need a significant quantity of energy. The process of dying is an additional problem.

SILKWORM FILAMENT MARKET REPORT COVERAGE:

This research report on the Silkworm Filament market has been segmented based on type, application, and region.

Silkworm Filament Market – By  Type

• Mulberry Silk
• Tussar Silk
• Eri Silk
• Spider Silk

Based on Type, the Silkworm Filament Market is bifurcated into Mulberry Silk, Tussar Silk, Eri Silk, and Spider Silk. Bombyx Mori worms, which feed on mulberry leaves, are used to produce mulberry silk, which is used to make stylish fabrics and clothing like sarees. Mulberry silk is estimated to dominate the global silk market because of its flexibility, remarkable strength, and durability. Scarves, dresses, blouses, clothes, and bridal gowns are frequently made with mulberry silk, which is also frequently used to create wall hangings, pillows, and drapes for interior decor. Products created from Tussar silk are used as the foundation for fabrics, handmade items, and stitched clothing. Fashion designers frequently work with Tussar silk. Men's and women's winter clothing predominantly made use of Eri silk. The thermal properties of Eri silk make it a perfect material for shrugs.

Silkworm Filament Market – By  Application

• Textile
• Cosmetics
• Medical

Based on Application, the Silkworm Filament Market is bifurcated into Textile, Cosmetics, and Medical. The fastest-growing market for silk is the textile industry. Silk makes a significant contribution to the textile industry, which is always expanding and changing in terms of supply and demand. Silk is a popular material for textiles because of its shiny appearance, plush feel, lightweight, resilience, and strength. It is used in a wide variety of clothing, including wedding dresses, gowns, blouses, scarves, and ties, as well as in a wide variety of home furnishings, including cushions, wall hangings, draperies, and upholstery. Silk is also fairly comfortable to wear, especially in warm weather, because of its absorbency. Due to its limited conductivity, warm air is kept close to the skin in cold conditions. Due to this, more clothing items such as shirts, ties, formal dresses, high fashion clothing, lingerie, pajamas, robes, dress suits, sun dresses, and kimonos are made of silk.

Silkworm Filament Market - By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

North America is predicted to have profitable growth throughout the projected period of 2022–2030 due to the region's rapidly growing textile sector. The Asia-Pacific region accounts for the majority of both supply and demand for silk in this consolidated market. In terms of production, China and India are the world's top two producers of silk. Sericulture has a more than 6,000-year history in China. Furthermore, China exports a substantial amount of silk. The two most common forms of silk produced in China are tussar and mulberry silk. The silk market has expanded quickly as a result of rising silk exports as well as the region's expanding populace.

Major Key Players in the Market

The major players in the global Silkworm Filament Market are

1. Wujiang Wanshiyi silk Co., Ltd.
2. Anhui silk Co. Ltd.
3. Wujiang First Textile Co., Ltd.
4. Kraig Biocraft Laboratories, Inc.
5. Zhejiang Jiaxin silk Corp., Ltd.