NEW YORK , Aug. 23, 2024 /PRNewswire/ -- The global silk market size is estimated to grow by USD 5.00 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 9.24% during the forecast period. Increasing requirement for silk in textile industry is driving market growth, with a trend towards increasing r and d on spider silk.
However, health hazards during silkworm rearing poses a challenge. Key market players include AMSilk GmbH, Anhui Silk , Bolt Threads, Camenzind and Co. AG, Eastern Silk Industries Ltd.
, Eris Global, Jinchengjiang Xinxing Cocoon Silk Co. Ltd., Kraig Biocraft Laboratories Inc.
, Libas Ltd., Ongetta srl, Qingdao Textiles Group Fiber Technology Co. Ltd.
, WENSLI, Wujiang First Textile Co. Ltd., Xuzhou Shengkun Silk Manufacturing Co.
Ltd., and Zhejiang Jiaxin Silk Corp. Ltd.
. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Spider silk, a natural fiber with exceptional strength, resilience, and flexibility, is the focus of intensive research and development due to its remarkable toughness. Kraig Biocraft Laboratories has made strides in this field, acquiring exclusive rights to patented genetic sequences for silk proteins.
This advancement holds great potential for producing ballistics-resistant materials that are lighter, thinner, and more flexible than steel. The global silk market is expected to grow significantly as a result of inc.