According to a new report, published by KBV research, The Global Silk Market size is expected to reach $25.4 billion by 2028, rising at a market growth of 8.0% CAGR during the forecast period.
The Textile market is leading the segment in the Global Silk Market by End User in 2021; thereby, achieving a market value of $19.2 billion by 2028. The textile sector, which is always expanding and changing in terms of supply and demand, benefits significantly from silk. Because of its shiny appearance, plush feel, lightweight, resilience, and strength, silk is utilized in textiles.
The Eri Silk market is expected to witness a CAGR of 7.8% during (2022 - 2028). When a caterpillar turns into a butterfly, it emerges from a cocoon consisting of just one silk thread, severing it in the process. The silkworm must be killed before it is ready to fly if the priceless single thread is to be preserved in its entirety. The Eri silkworm, unlike its Mulberry relative, constructs its cocoon with a number of shorter threads, from which Eri silk is produced.
The Asia Pacific market dominated the Global Silk Market by Region in 2021; thereby, achieving a market value of $11.7 billion by 2028. The Europe market is exhibiting a CAGR of 7.2% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 7.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/silk-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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