Silk Yarn Market Size (2024 - 2029)

Silk Yarn Market Analysis

The Silk Yarn Market size is estimated at USD 40.59 billion in 2024, and is expected to reach USD 47.08 billion by 2029, growing at a CAGR of 3.01% during the forecast period (2024-2029).

Silk is one of the world's renowned natural fibers with remarkable tensile strength, extensibility, and exceptional dyeing properties. Its unique continuous filament form sets it apart in the global market. Often associated with luxury, beauty, and elegance, silk's qualities remain unmatched by any other fiber. While silk production spans over 20 countries, Asia dominates the landscape. As reported by the International Sericultural Commission, China is the world's leading silk producer, churning out 50,000 metric tons in 2023, and it is the primary supplier to global markets. Following closely, India, the second-largest producer, produced 38,913 metric tons of silk in 2023. Additionally, sericulture industries have found footing in Brazil, Bulgaria, Egypt, and Madagascar, drawn by the allure of their labor-intensive advantages.

Caribbean countries such as Cuba and African countries, including Kenya, are trying to boost their silk yarn production. The Government of Rwanda has begun investing in the development of silk value chains. With the rising demand from Asia, the production of high-quality silk products offers strong export opportunities. Rwanda's National Agricultural Export Development Board (NAEB) has partnered with HEWorks, a Korean silk manufacturer, to tap into growing global markets. The market is a major provider of foreign exchange reserves in countries such as India. In India, sericulture operations are distributed throughout 52,360 villages. The country uses raw materials to manufacture silk garments, made-ups, textiles, yarns, carpets, shawls, scarves, pillow coverings, and accessories.

The industrialization of the silk industry has transformed it from a labor-intensive craft to a highly efficient and technologically advanced sector. Technological innovations, such as bioengineered silk and sustainable alternatives, tackle pressing environmental and ethical concerns. For instance, in 2024, AMSilk, a silk manufacturing company, produced silk proteins via bacterial fermentation. These proteins were spun into fibers that mimic traditional silk and are biodegradable and devoid of petrochemicals. In addition, the government has rolled out initiatives to bolster silk yarn production and support the broader silk industry. For instance, in 2022, the Indian government launched "Silk Samagra-2", a scheme targeting the comprehensive development of the sericulture industry. This initiative encompasses various components under the Mulberry, Vanya, and post-cocoon sectors to enhance raw silk's quality, productivity, and overall production. Also, it emphasizes job creation, especially in rural locales. Thus, with the industrialization of the silk industry and supportive government schemes, raw silk production is set to surge, leading to an increase in silk yarn production and positioning the region as the dominant market during the forecast period.

Silk Yarn Industry Segmentation

Silk yarn is widely used in the textile industry to produce clothing such as socks, neckties, and dresses. It is also used in manufacturing home decor fabrics such as flowering curtains and comforters. The silk yarn market is segmented by geography (United States, China, India, Thailand, Germany, Italy, United Kingdom, Brazil, and Tunisia). The market includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market estimation and forecasts in value (USD) and volume(metric tons).