Silk Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global silk market size reached around USD 21.77 Billion in 2024. The market is projected to grow at a CAGR of 6.70% between 2025 and 2034 to reach nearly USD 41.64 Billion by 2034.

Global Silk Market Growth

The leading silk-producing nations globally include China, India, Uzbekistan, Brazil, and Japan, among others. The primary consumers of silk are the United States, Italy, Japan, India, and France, along with several other countries. China is the foremost producer, generating 146,000 metric tons of silk each year. India follows in second place with an annual production of 28,708 metric tons, while Uzbekistan ranks third with 1,100 metric tons produced annually. Notably, India is unique in its ability to produce all five types of commercial silk: Mulberry, Tropical Tussar, Oak Tussar, Eri, and Muga, which collectively hold a global market value of USD 16.86 billion.

Silk is a highly versatile natural fibre, esteemed across numerous sectors for its luxurious texture, strength, and sustainability. In the fashion sector, it is prized for its smooth feel, vibrant lustre, and lightweight characteristics, making it perfect for premium garments such as evening dresses, scarves, and ties. Furthermore, silk is a favoured choice in home textiles, including bed linens, curtains, and upholstery, owing to its durability and visual appeal. Beyond the realm of fashion, silk is increasingly being utilised in healthcare and cosmetics, where its hypoallergenic properties are advantageous in wound dressings, medical sutures, and skincare products like moisturisers and masks. Additionally, advancements in synthetic and bioengineered silk are paving the way for innovative uses, such as biodegradable packaging, 3D printing, and sustainable textiles, thereby contributing to environmentally friendly solutions.

Key Trends and Developments

The silk market growth can be attributed to escalating demand for luxury goods, expanding uses of silk in healthcare and cosmetic applications, advancements in the textile and fashion sectors, and rising innovations in silk production technology

October 2024

RmKv introduced a collection of thematic handloom silk saris featuring natural dyes in more than 4,000 colours, meticulously handwoven into zari checks across the fabric.

September 2024

The Punjab government introduced silk products under its brand, signifying the beginning of an initiative aimed at bringing state-produced silk items to the market through the state-level Silk Day event, which took place at the Mahatma Gandhi State Institute of Public Administration (MGSIPA).

February 2024

Kraig Biocraft Laboratories, a biotechnology company based in the United States, successfully developed its inaugural premium yarn that integrates recombinant spider silk with Pima cotton. This yarn was characterised as a completely natural fibre composite, intended for application in textiles and finished clothing.

February 2023

Evonik established a partnership with the German biotechnology firm AMSilk to manufacture industrial-scale quantities of cutting-edge, sustainable silk proteins. These silk proteins are applicable in various sectors, including premium fashion, advanced materials for the automotive sector, and medical devices.

Escalating Demand for Luxury Goods

The increasing inclination towards luxury goods and high-end fashion significantly influences the silk market, as silk epitomises luxury, comfort, and sophistication. The readiness of consumers to invest in premium and sustainable materials further enhances the demand for silk.

Expanding Uses of Silk in Healthcare and Cosmetic Applications

Silk's inherent characteristics, including hypoallergenic and moisture-retaining properties, elevate its application in healthcare products such as wound dressings and cosmetic formulations. Its integration into beauty products and textiles designed for sensitive skin also propels the market growth.

Advancement in the Textile and Fashion Sectors

The fashion sector's heightened emphasis on eco-friendly and sustainable materials amplifies the demand for silk. Its adaptability and exceptional texture render it a favoured choice in both traditional and modern apparel, resulting in its broader acceptance globally.

Innovations in Silk Production Technology

Progress in sericulture techniques, including genetic modification and automated harvesting methods, enhances both the quality and yield of silk. These technological advancements render silk production more efficient and economically viable, thereby fostering the market growth within the textile and fashion sectors.

Global Silk Market Trends

The market is witnessing significant expansion, influenced by several prominent trends. One significant trend is the rising demand for luxury and sustainable goods, with silk emerging as a favoured material due to its environmentally friendly characteristics. Consumers are increasingly attracted to natural fibres such as silk, which provide comfort, longevity, and hypoallergenic advantages. Moreover, advancements in silk production technology, including bioengineering and synthetic silk, are fostering innovation in both the fashion and medical sectors. The textile sector is progressively adopting sustainable practices, enhancing the use of silk as a renewable resource. Additionally, silk is becoming more prevalent in healthcare and cosmetic applications, including wound care, skincare, and hair care products.

Global Silk Industry Segmentation

The report titled “Global Silk Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Type

• Eri Silk
• Tussar Silk
• Mulberry Silk
• Others

Breakup by Application

• Textile
• Cosmetics
• Medical

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Silk Market Share

Based on the application, the market is segmented into textile, cosmetics, and medical. The textile segment is projected to grow at a CAGR of 9.1% during the forecast period of 2025-2034. Silk is utilised in the textile sector due to its opulent texture, durability, and inherent lustre. It is favoured in upscale apparel, furnishings, and various accessories, providing excellent breathability, a soft touch, and an elegant appearance.

Leading Companies in the Global Silk Market

Market players are focusing on sustainable production methods to gain a competitive edge in the silk market.

Bolt Threads

Established in 2009 and based in Emeryville, California, Bolt Threads is a pioneer in the field of bioengineered materials, particularly known for its silk alternatives derived from yeast fermentation. The company is dedicated to sustainable textile solutions, providing cutting-edge innovations for the fashion and consumer goods sectors.

Libas Limited

Founded in 1971 and located in Los Angeles, United States, Libas Limited is a prominent supplier of fabric to the home decorating trade. Specialising in silk, the company also offers fabrics like canvas, polyester, bamboo, linen, and cotton. It boasts offices in Los Angeles, New York, and Bangalore.

Shengkun Silk Manufacturing Co., Ltd.

Incorporated in 1993 and situated in Jiangsu, China, Shengkun Silk Manufacturing Co., Ltd. is renowned for its production of premium silk fabrics. The company caters to the fashion, textile, and home décor sectors, focusing on both traditional and modern silk manufacturing techniques.

AMSilk GmbH

Founded in 2008 and headquartered in Germany, AMSilk GmbH is a prominent biotechnology firm that specialises in the creation of synthetic silk proteins. The company provides sustainable and biodegradable materials for various sectors, including textiles, cosmetics, and medical fields.

Other major players in the silk market are Zhejiang Jiaxin Silk Corp., ONGETTA Srl, Eastern Silk Industries Ltd., Spiber Technologies AB, and Kraig Biocraft Laboratories, Inc., among others.