The Europe Silk Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Since eri silkworms live on castor trees, this type of silk is also called "castor silk." After mulberry silk, tasar silk is the kind of silk fabric that is most frequently produced in terms of weight. These wild silkworms are native to India and produce this type of silk. Although they make green silk, tasar silkworms can also be found in Japan.
Despite some variants of the silk fabric having good tensile strength, spiders cannot be cultivated like silkworms. Since spider silk is highly expensive to create, it cannot be utilized to make textiles. Instead, producers make industrial or specialized products like telescopes, safety vests, and microscopes using spider silk.
A growing preference for silk is fueling the expansion of the silk market in the coming years as a result of increasing uses of silk across textiles, aesthetics, and the medical sector. The use of silk as a surgical suture is common in the bio-medical industry. Because silk is biodegradable, it can be used in a wide variety of industries. Apart from these, many parachute makers still prefer the use of silk over nylon to make parachutes. These factors work together to maintain the expansion of silk and silk products.
The textiles ecosystem in the EU adds value while fostering investment and innovation opportunities. Environmental footprint issues are related to competitiveness challenges. Increasing investments to hasten sustainability and circularity is a major obstacle to green transformation. The struggle of the region with the assimilation of green initiatives has progressed the acceptance of silk and thus induced growth in the silk market.
The Germany market dominated the Europe Silk Market by Country in 2021; thereby, achieving a market value of $1.4 billion by 2028. The UK market is anticipated to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The France market would witness a CAGR of 8% during (2022 - 2028).
Based on End User, the market is segmented into Textile and Cosmetics & Medical. Based on Type, the market is segmented into Mulberry Silk, Eri Silk, Tussar Silk, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Silk Market will Hit $25.4 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMSilk GmbH, Bolt Threads, Anhui Silk Co. Ltd., Wujiang First Textile Co., Ltd., Zhejiang Jiaxin Silk Co., Ltd., Shengkun Silk Manufacturing Co., Ltd., Wujiang Wanshiyi Silk Co. Ltd. and Libas Textiles Ltd. (Fresh Group of Companies).
By End User
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