Sericulture Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
The sericulture market is expected to witness market growth at a rate of 7.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on sericulture market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for silk by textile, medical industries and cosmetic industries is escalating the growth of sericulture market.
Sericulture is referred to the art of rearing silkworms for the manufacturing of silk. Fabrics that are created from silk are quite popular in the domestic market during ceremonies, religious rituals, weddings, and festivals, among others. Silk is used as a raw material for the manufacturing of both garments such as suites, and sarees, among others.
Major factors that are expected to boost the growth of the sericulture market in the forecast period are the rise in the disposable incomes. Furthermore, the rise in the consumption of silk fabrics is further anticipated to propel the growth of the sericulture market. Moreover, the technological development in sericulture is further estimated to cushion the growth of the sericulture market. On the other hand, the growing dependency on China for raw material is further projected to impede the growth of the sericulture market in the timeline period.
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Some of the major players operating in the sericulture market are Anhui Silk, WUJIANG FIRST TEXTILE CO., LTD., Zhejiang Jiaxin Silk Co., Ltd., Xuzhou Shengkun Silk Manufacturing Co., Ltd, WENSLI, China Silk International Trading (Shanghai) Co., Ltd., Bolt Threads, Spiber Technologies, Amsilk GmbH, Kraig Biocraft Laboratories Inc., Go Mata Textile., Bang Textiles, and Maajisa Group among others.
Scope of the Sericulture Market Report:
The sericulture market is segmented on the basis of type of product, domestic production and imports and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type of product, the sericulture market is segmented into mulberry silk, vanya silk and eri silk.
- On the basis of domestic production and imports, the sericulture market is segmented into domestic production and imports.
- On the basis of end use, the sericulture market is segmented into textile and cosmetics & medical.
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Sericulture Market Regional Analysis/Insights
The Sericulture market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Sericulture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Sericulture within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Sericulture market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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