Mulberry Silk Market Size (2024 – 2030)

The Mulberry Silk Market reached a valuation of USD 6.06 billion and is poised to achieve USD 10.59 billion by 2030's conclusion. Across the forecast span of 2024-2030, a Compound Annual Growth Rate (CAGR) of 8.3% is anticipated.

Mulberry Silk Market

Industry Overview:

Within the global commercial sphere, natural silk manifests in four distinct variants. Among these, mulberry silkworm-derived silk holds preeminence, constituting up to 90% of the global yield. Supplementary non-mulberry silk types, such as Eri, Tasar, and Muga, contribute significantly to commercial ventures. Additionally, Africa and Asia yield diverse non-mulberry silk varieties sourced from indigenous fauna like Anaphe, Fagara, Coan, Mussel, and Spider silk. The Bombyx mori L silkworm, exclusively consuming mulberry leaves, is the progenitor of mulberry silk. Fabricated from fibroin, a proteinaceous compound generated during the larvae's impending metamorphosis, mulberry silk serves as a vital component in the textile industry. Augmenting its inherent properties, mulberry silk often integrates with natural fibers like cotton to enhance textile attributes. Prospects for mulberry silk augur well, buoyed by escalating demands fueled by quality enhancements. Expectedly, the global silk market will witness mulberry silk's ascendancy, attributed to its pliancy, formidable tensile strength, and enduring qualities. Recognized for its suppleness, sheen, adaptability, and wearability, silk finds extensive application in apparel. Additionally, silk's utility extends beyond textiles, encompassing medical and cosmetic domains. Notably, the Asia-Pacific region, especially China, commands significant silk demand, fortified by unrivaled access to raw materials. The textile sector remains silk's primary consumer, with technological strides in sericulture poised to further propel market expansion.

COVID-19 Pandemic Impact on the Mulberry Silk Market

The recent COVID-19 outbreak precipitated adverse ramifications for the mulberry silk market. Operational impediments ranging from volatile cocoon and raw silk pricing to labor shortages and logistical disruptions besieged the silk industry during the pandemic epoch. Concomitantly, diminished working capital, dwindling cash flows, and a slump in raw silk and silk-related product sales accentuated industry woes. Shutdowns and operational hiatuses afflicted numerous silk enterprises, accentuating supply chain challenges. Notably, shifts in consumption patterns and marketing modalities ensued from pandemic exigencies. The China, India, and France regions grappled with substantial supply chain disruptions, exacerbating market uncertainties. Despite the nadir witnessed during the pandemic's zenith, concerted efforts towards technological integration and innovative adaptation by industry stakeholders are mitigating economic perils. As normalcy resumes post-pandemic, a resurgence in silk manufacturing augurs well for heightened demand.

MARKET DRIVERS:

The burgeoning textile sector primarily propels the mulberry silk market.

Expansive textile sector growth underpins escalating mulberry silk demand, attributed to its intrinsic attributes of superior quality, pristine hue, and odor neutrality. Silk assumes pivotal significance within the textile realm, owing to its sheen, plush texture, lightweight demeanor, and robustness. From apparel to furnishings, silk pervades myriad applications, including dresses, scarves, and bridal attire. Notably, India epitomizes burgeoning demand outstripping domestic supply, emblematic of the global silk market's dynamics. With burgeoning consumer accessibility to affordably priced silk products, China and other major silk producers are poised for rapid domestic demand escalations.

Sericulture technological advancements and minimal capital requisites propel mulberry silk market growth.

Technological innovations in sericulture and escalating global silk-related product demand augment the mulberry silk market's expansion trajectory. Enhanced moisture absorption capabilities and thermal insulation properties bolster silk's allure across diverse climates. With modest capital prerequisites and labor-intensive operations, the silk market appeals to investors. Concurrently, burgeoning textile industry demands, evolving fashion paradigms, and burgeoning purchasing power in emerging economies further catalyze silk consumption.

MARKET RESTRAINTS:

Elevated material costs pose a hindrance to mulberry silk market expansion.

The premium stature of mulberry silk translates into elevated production costs vis-à-vis its counterparts. Predominantly reliant on Chinese exports, mulberry silk's high raw material costs curtail market proliferation. Moreover, silk's intricate maintenance requisites, including dry cleaning mandates and susceptibility to environmental damage, inflate end-consumer prices, constraining market expansion. Ethical considerations surrounding silkworm treatment and limited raw material supply further impede market growth. Energy-intensive manufacturing processes and the prevalence of eco-conscious alternatives exacerbate market restraints, warranting strategic interventions for sustained growth.

Mulberry Silk Market – By Application

• Textile
• Cosmetics
• Medical
• Others

The segmentation of the mulberry silk market according to application includes Textile, Medical, Cosmetics, and other sectors. Among these, the Textile segment exhibits the highest growth rate. Silk holds a significant position in textile manufacturing due to its lustrous appearance, soft texture, lightweight, strength, and durability. It finds application in various textile products such as cushions, wall hangings, draperies, upholstery, garments like dresses, blouses, scarves, and neckties. Moreover, silk's absorbent nature makes it comfortable to wear in warm weather while its limited conductivity retains warmth in cold conditions, enabling the production of a diverse range of clothing items including formal wear, lingerie, and traditional garments like sarees.

Cosmetics and medical sectors also represent important application areas for silk, albeit in a nascent stage compared to textiles. Silk fibroin, a natural protein, serves as a raw material for numerous cosmetic products like liquid soaps, creams, lotions, cleansers, shampoos, and conditioners. Additionally, silk polypeptide, known for its film-making ability, is incorporated into various cosmetic and skincare products. In the medical field, silk-based biomaterials are utilized as sutures, offering benefits in wound closure and healing.

Mulberry Silk Market - By Region:

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

The North American mulberry silk market is poised for profitable growth owing to the region's expanding textile industry.

In Europe, silk products are primarily processed and traded through Italy, known for its advanced silk processing capabilities including finishing, dyeing, and printing. France, particularly Lyon, has a long-standing tradition of producing premium silk fabrics to meet both domestic and global demand. Silk is increasingly gaining popularity in interior design applications such as upholstery, wall coverings, bedspreads, and curtains. Germany, the largest European market for textiles, demonstrates a preference for natural fibers, importing a wide range of silk apparel and accessories.

The Asia-Pacific region is expected to witness rapid growth in both volume and value within the mulberry silk market. China and India, the top silk producers globally, play pivotal roles in meeting regional and global silk demand. With a rich history of sericulture, China exports significant quantities of mulberry and tussar silk. Other key players in the Asia-Pacific silk market include Uzbekistan and Thailand. The increasing population and textile exports from these nations contribute significantly to the growing demand for silk in the region, along with substantial domestic consumption in China and India.

Primary Industry Leaders

Leading the global mulberry silk market are:

1. Wujiang First Textile Co., Ltd.
2. Anhui Silk Company
3. Wanshiyi Silk Co., Ltd.
4. Zhejiang Jiaxin Silk Corp., Ltd.