Silk Market to Grow with a CAGR of 8.72% through 2030

Government Initiatives and Subsidies, is expected to drive the Global Silk Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Silk Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Silk Market stood at USD 18.76 Billion in 2024 and is expected to reach USD 31.05 Billion by 2030 with a CAGR of 8.72% during the forecast period. Government support through targeted initiatives and subsidies has been instrumental in driving growth in the global silk market. In countries like India, China, Thailand, and Vietnam, governments are providing extensive financial backing to sericulture through training programs for farmers, disease-control measures, and adoption of high-yield silkworm breeds. Infrastructure development — such as mulberry nurseries, cold-storage facilities for silkworm eggs, and rural reeling centres — is reducing post-harvest losses and increasing quality. These interventions ensure year-round production stability, cushion farmers against environmental uncertainties, and enhance per-farm output by as much as 20–30%, supporting a more robust and scalable silk value chain.

In addition, governments are offering direct subsidies and incentives to promote organic and eco-friendly silk production. Programs encouraging pesticide-free mulberry cultivation and cruelty-free “peace silk” harvesting enhance market positioning and sustainability credentials. Export assistance schemes — including tax rebates, quality certifications, and global trade facilitation — have enabled silk producers to penetrate new markets in Europe, North America, and the Middle East. Coupled with research grants for technological innovation in silk reeling, dyeing, and value-added processing, these government-led efforts lower production costs and boost competitiveness. Together, such initiatives are expanding silk’s reach across diverse applications like luxury textiles, home décor, medical devices, and cosmetics, and are crucial to meeting evolving global demand.

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The Global Silk Market is segmented into type, production process, application, regional distribution, and company.

Based on the type, Tussar Silk emerged as the fastest-growing segment in the Global Silk Market during the forecast period due to its unique texture, natural golden hue, and growing appeal in eco-conscious fashion. Often referred to as "wild silk," Tussar is valued for its rich, coarse texture and irregular weave, making it popular in artisanal and traditional clothing. Its production, primarily by tribal communities in forested regions, aligns with sustainable and ethical sourcing trends. Rising consumer interest in natural, handcrafted fabrics has boosted demand for Tussar in ethnic wear, scarves, stoles, and home textiles. Additionally, government support, including improved silkworm breeds and training for rearers, has enhanced production efficiency and quality. As fashion brands increasingly seek authentic, traceable, and culturally rich materials, Tussar silk is gaining momentum as a versatile and environmentally responsible fabric choice globally.

Based on the region, Asia-Pacific emerged as the fastest growing region in the Global Silk Market during the forecast period due to a unique blend of tradition, innovation, and rising consumer sophistication. While the region holds deep historical roots in sericulture, it is now embracing modern techniques like automated reeling, biotech silk production, and digital textile printing to scale output and enhance quality. The increasing popularity of traditional silk garments in weddings and festivals, especially in India and Southeast Asia, is driving domestic consumption. Additionally, urban millennials are reshaping fashion by blending silk with contemporary styles. As regional fashion brands expand globally and silk applications diversify into wellness, medical, and interior décor, Asia-Pacific is setting the pace for a new, culturally enriched silk renaissance.

Major companies operating in Global Silk Market are:

• Anhui silk Co. Ltd.
• Kraig Biocraft Laboratories, Inc.
• Wujiang First Textile Co., Ltd.
• Wujiang Wanshiyi silk Co., Ltd.
• Zhejiang Jiaxin silk Corp., Ltd.
• EntoGenetics, Inc.
• Bolt Threads Inc
• Sichuan Nanchong Liuhe (Group) Co., Ltd
• AMSilk GmbH
• China Zhongsi Group Co., Ltd

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“Technological progress is playing a pivotal role in transforming the global silk industry—making production more efficient, sustainable, and diversified. One key advancement is the development of automated silk reeling machines, which significantly reduce labor dependency while enhancing yarn quality and uniformity. These machines are increasingly being adopted in countries like China, India, and Thailand to improve productivity and minimize waste during the reeling process,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Silk Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Mulberry Silk, Tussar Silk, Eri Silk), By Production Process (Cocoon Production, Reeling, Throwing, Weaving, Dyeing), By Application (Textile, Cosmetics & Medical), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Silk Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Silk Market.

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