The size of the North America Silk Market is expected to reach a valuation of USD 5 billion by 2026 growing at a CAGR of above 6% during the conjecture period from 2021to 2026, owing to the rising demand for silk in end-user applications like the healthcare and cosmetics.
Recent Developments in the North America Silk Industry:
In March 2017, Bolt Threads Inc. started their novelty product made of spider silk. It then introduced a tie made of spider silk.
In September 2016, AMSilk GmbH signed a distribution contract with Korean-based Hanjoo C&C for the supply of its products in the Asian markets. It will distribute AMSilk products, Silkbeads (microparticles), and Silkgel (hydrogel) in South Korea.
In June 2016, AMSilk GmbH shook hands with RAHN AG, a company based in Zurich, which involved the distribution of two ingredients made from AMSilk, Silkgel, and Silkbeads
Drivers and Restraints of North America Silk Market:
Improvement in the quality of silk has been a crucial factor in promoting the silk industry in North America. The textile market is growing fast in the North American region that is also supported by the increasing fashion industry in the area. A lot of investments have been made in this industry as silk is recognized as the finest fiber available among different fabrics.
Healthcare and cosmetic sectors are increasing the adoption of silk as a core ingredient in their products, which resulted in the augmented promotion of sales of the North American silk industry. Silk has been extensively used in the production of apparel like t-shirts, robes, etc., and this has led to a noteworthy expansion in the regional market.
One of the prominent aspects hindering the expansion of the North American silk market is the volatility associated with the availability of the raw materials in the manufacturing process. These fluctuations in the prices are considered to slow down the regional market development in the future.
North Silk Market has been segmented into the following categories as per the latest survey report:
On the basis of Type
1) Mulberry silk
2) Tussar Silk
3) Eri silk
On the basis of Application
Among the end-user applications, the textile segment recorded the most significant development in the North American silk industry. This is because of the rising applications of silk in this industry. Many clothing brands in this area prefer silk as their raw material for their products, which assists them to enhance their existing product portfolio.
The cosmetics segment is also considered as a lucrative sector that is estimated to improve the adoption of silk in the regional market. The developments in technology and the changing fashion preferences in the silk business are anticipated to expand at a notable rate in the North American region. In the cosmetics industry, silk fibroin, a natural protein is finding more demand as a raw material in fabric making. Silk is extensively used in cosmetic products like creams, lotion, shampoo, conditioner, and others.
Geographical overview and regional presence:
North American region is one of the largest markets for the silk industry. It also shows signs of growing at a much higher rate post the COVID-19 pandemic. The United States of America is a prominent contributor to the North America silk industry with a high export rate. Mexico and Canada are expected to witness significant growth due to the changing fashion preferences coupled with increased consumption of personal care products in these areas.
Key Market Players:
Bolt Threads Inc.
P AMSilk GmbH
First Textile Co.
Kraig Biocraft Laboratories, Inc
Impact of COVID-19 on the North American Silk (SAP) Market:
COVID-19 has exposed severe challenges for the silk market by affecting manufacturing, sales, and distribution in end-user verticals like textile and cosmetics. Major economies of North America are affected due to this pandemic; however, the silk market has managed to remain stable in this period due to the people buying healthcare products such as masks in bulk amidst the pandemic. The demand has augmented in this period as people became more aware of personal hygiene. The cosmetic and textile industry suffered initially due to lack of demand and thus production, but it has been compensated fairly by the growing demand for healthcare products.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Silk Market, By Type
6.1.3 Eri Silk
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Silk Market, By Application
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Anhui Silk Co. Ltd.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Wujiang First Textile Co., Ltd
8.3 Zhejiang Jiaxin Silk Co., Ltd
8.4 Sichuan Nanchong Liuhe (Group) Corp.
8.5 ShengKun Silk Manufacturing Co., Ltd.
8.6 Jiangsu Sutong Cocoon & Silk Co.
8.7 Wensli Group Co. Ltd.
8.8 China Silk Corporation
8.9 Wujiang Wanshiyi Silk Co. Ltd.
8.10 Jinchengjiang Xinxing Cocoon Silk Co., Ltd.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
North America Silk Market By Type, From 2021-2026 ( USD Billion )
North America Mulberry Market By Region, From 2021-2026 ( USD Billion )
North America Tussar Market By Region, From 2021-2026 ( USD Billion )
North America Eri Silk Market By Region, From 2021-2026 ( USD Billion )
North America Silk Market By Application, From 2021-2026 ( USD Billion )
North America Textile Market By Region, From 2021-2026 ( USD Billion )
North America Cosmetics Market By Region, From 2021-2026 ( USD Billion )
North America Medical Market By Region, From 2021-2026 ( USD Billion )
United States Silk Market By Type, From 2021-2026 ( USD Billion )
United States Silk Market By Application, From 2021-2026 ( USD Billion )
Canada Silk Market By Type, From 2021-2026 ( USD Billion )
Canada Silk Market By Application, From 2021-2026 ( USD Billion )