Indian Sericulture (Silk) Market to Reach INR 1,032.8 Billion by 2027 | Growth rate (CAGR 18.4%)

Indian sericulture market

DELHI, INDIA , Oct. 10, 2022 / — According to IMARC Group’s latest research report, “Indian Silk Industry Report: Market Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” it , the company’s experience. Indian sericulture market size to reach INR 376 Billion in 2021. Looking ahead, IMARC Group expects the market to reach INR 1,032.8 Billion by 2027, exhibiting a CAGR of 18.4% during 2022-2027. Silk is a natural protein fiber produced by certain insect larvae and is mainly referred to as an expensive product widely used by the masses. Sericulture is an agro-based rural industry that includes the rearing of silkworms and the extraction of silk for commercial purposes. His practice consists of several stages, including mulberry leaf farming, sericulture to turn the leaves into cocoons, winding the cocoons to obtain silk thread, and weaving to turn the yarn into clothes. Some of the common silkworm caterpillars widely used for silk production are Bombyx mori, Eri, Muga and Tasar.

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Industry Demand Analysis:

The growing demand for textile products is driving the Indian market more. This can be attributed to the increased consumption and production of raw materials due to the increase in the population level across the country. Accordingly, increasing use of silk in garment manufacturing due to its excellent durability, strength, lustrous appearance and lightweight properties is significantly supporting the market growth. Also, the wide preference for silk garments such as wedding dresses, blouses, dresses, ties and scarves, wall hangings, curtains and cushions is also contributing to the market. In addition, continuous technological advancements in sericulture practices create a positive market landscape. Some of the other factors driving the market are continuous improvements in the textile industry and changing consumer preferences.

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Key market segmentation:

Breakdown by segment:

• Catch
• Vanya
he Tasar
o Erie
that Muga

Breakdown by domestic production and import:

• Local Manufacturing
• Import

Breakdown by Application:

• Natural Silk Yarns, Fabrics, Fabrics
• Readymade Garments
• Silk Carpets
• Others

Breakdown by states:

• Mulberry silk:

o Karnataka
o Andhra Pradesh and Telangana
o West Bengal
o Tamil Nadu
o Others

• Vanya Ipek:

o Assam
o Jharkhand
o to Meghalaya
o Nagaland
o Others

Competitive Landscape:

The report also examines the competitive landscape of the market.

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