Silk Market Size

Silk Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The world silk market is expected to grow steadily. The current market size is estimated to reach $8.56 billion in 2024, and is expected to reach $10.4 billion in 2035. A compound annual growth rate of 1.87% from 2025 to 2035. The driving force for the market is the increasing demand for luxury textiles, especially in the field of fashion and home decoration, where silk is valued for its quality and aesthetics. In addition, with the rise in demand for sustainable and green products, silk is also becoming a popular natural fiber. The development of silk technology, such as the development of silkworm breeding and silk production, is also an important factor driving market growth. Research and development of silkworm breeding and silk production are the key to meeting market demand. During the forecast period, the key players in the silk industry, including the well-known brand and the new entrant, are expected to actively seek strategic cooperation and new product development, and strive to achieve a good position in the market. In the future, more and more silk companies will cooperate with well-known fashion brands to develop high-end silk products, which will further promote the development of the silk industry.

Regional Market Size

Regional Deep Dive

Silk is undergoing a period of dynamic growth, especially in certain regions. This is due to the growing demand for luxury fabrics, for sustainable fashion and for traditional handicrafts. North America is characterized by a growing interest in sustainable and artisanal products, while Europe is characterized by a combination of tradition and innovation. The Asia-Pacific region remains the largest producer and consumer of silk, with China and India making a major contribution. Middle East and Africa are gradually increasing their silk consumption, which is influenced by culture and the luxury market. Latin America is beginning to explore the potential of silk for fashion and home textiles.

North America

• Organic silk is becoming more popular with the growing popularity of sustainable fashion, with such brands as Stella McCartney and Eileen Fisher including it in their sustainable collections.
• Hence the invention of silk and the development of artificial silk by Bolt Threads.
• The increasing demand for silk originating in China, the United States and Europe, and the increasing importance of the fashion industry have all contributed to the market’s expansion.

Europe

• Similarly, the European Union’s Green Deal is promoting the use of sustainable fabrics, such as sustainable silk.
• Como Silk, a famous company, is a leading manufacturer of silk fabrics and designs.
• Culture, especially the Carnival of Venice, has been a source of inspiration for the manufacture of fine silks.

Asia-Pacific

• The silk industry has been a Chinese industry since ancient times, and silk production has always been the first industry in China. The sericulture industry and the silk industry have both developed to a high degree of automation.
• The silk industry is benefiting from the National Sericulture Mission, an initiative of the Government of India to encourage the growth of the silk industry and to support the farmers.
• The resurgence of silks in both the fashion and home décor industries has given rise to a revival of traditional weaving methods, especially in Tamil Nadu and Gujarat.

MEA

• Luxury is growing in the Middle East. Brands are more and more including silk in their collections.
• The historical role of silk is an important factor in the development of its use. The abaya, which is a part of the national costume, is made of silk, which enhances its beauty.
• Government initiatives in the United Arab Emirates encourage textile innovation, enabling local designers to explore the potential of silk in modern fashion.

Latin America

• The silk-producing countries, such as Brazil and Argentina, are beginning to experiment with silk, and to bring it into their collections as a means of promoting the local crafts.
• The interest in silk is growing, and the locals are collaborating with international brands.
• At the present time, silk is worn at many festivals, and is thus known to the public.

Did You Know?

“Silk is one of the strongest natural fibres, its tensile strength being comparable to that of steel. Silk is not only luxurious but also durable.” — International Journal of Clothing Science and Technology

Segmental Market Size

The silk-fabric market is an important part of the textile industry and is presently experiencing a high level of stability. The silk-fabric market is a major growth industry, owing to the rising demand for luxury and sustainable fabrics. The growing preference for natural fabrics and the resurgence of interest in traditional craftsmanship are driving the market forward. Brands are also increasingly focusing on natural alternatives to synthetic fabrics such as silk.

Today the silk industry has matured, with the likes of mulberry silk and eri silk leading the way in countries such as China and India. Silk is the mainstay of high-fashion, home textiles and medical applications. Its hypoallergenic properties make it ideal for such applications. It is also growing in importance in terms of the drive towards sustainable fashion and the emergence of ‘ethical fashion’. Moreover, digital printing and new weaving techniques are enabling the industry to diversify its product offerings and to offer a greater degree of personalization.

Future Outlook

The Silk Market is expected to grow steadily from 2024 to 2035, with a CAGR of 1.87%. The demand for silk as a luxury material is increasing, especially in the fashion and home decor industries. Silk has unique properties and a beautiful appearance, which will attract more and more consumers. The silk industry has also been able to adapt to the trend of green consumption, and some manufacturers have already started to adopt green silk production methods, which may also increase the penetration of silk. , especially for some green-conscious consumers.

In the future, with the aid of scientific developments, silk will become more and more cheap. Moreover, the growing popularity of silk in the field of hygiene and health, due to its hypoallergenic and breathable properties, will open up new markets. Also, the rise of the Internet and the digitalization of the production and distribution of silk goods, the growing influence of social networks on the choice of fashion, will have a significant impact on the future of the silk industry. These factors will lead to the development of the silk market, which will meet the most varied needs of consumers, while retaining the status of a premium material.