Indian Sericulture (Silk) Market to Reach INR 1,032.8 Billion by 2027

Indian Sericulture market

DELHI, INDIA, October 10, 2022 /EINPresswire.com/ — According to IMARC Group’s newest analysis report, titled “Indian Sericulture Industry Report: Market Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” he high of the corporate’s experience. The Indian sericulture market measurement reached INR 376 Billion in 2021. Looking ahead, IMARC Group expects the market to attain INR 1,032.8 Billion by 2027, exhibiting a progress price (CAGR) of 18.4% throughout 2022-2027. Silk is a pure protein fiber that’s produced by sure insect larvae and is principally referred to as an costly commodity that’s extensively utilized by the lots. Sericulture is an agro-based rural business that features the cultivation of silkworms and the extraction of silk for industrial functions. Its apply contains a number of steps, together with mulberry leaf farming, silkworm breeding for conversion of the leaves to cocoons, reeling cocoons to get hold of silk thread, and weaving to convert the yarn to garments. Some of the widespread silkworm caterpillars extensively used for silk manufacturing are Bombyx mori, Eri, Muga, and Tasar.

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Industry Demand Analysis:

The rising demand for textile items majorly drives the Indian market. This will be attributed to the rising consumption and manufacturing of uncooked supplies due to the rising inhabitants degree throughout the nation. In line with this, the rising utilization of silk in attire manufacturing due to its glorious resilience, energy, lustrous look and light-weight properties are considerably supporting the market progress. Also, the widespread desire for silk-made attire, corresponding to marriage ceremony robes, blouses, clothes, neckties, and scarves, together with wall hangings, draperies, and pillows, is contributing to the market. Furthermore, continuous technological developments in sericulture practices are making a optimistic market outlook. Some of the opposite components driving the market embody steady enhancements within the textile business and altering client preferences.

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Key Market Segmentation:

Breakup by Segment:

• Mulberry
• Vanya
o Tasar
o Eri
o Muga

Breakup by Domestic Production and Imports:

• Domestic Production
• Imports

Breakup by Application:

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

Breakup by State:

• Mulberry Silk:

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

• Vanya Silk:

o Assam
o Jharkhand
o Meghalaya
o Nagaland
o Others

Competitive Landscape:

The aggressive panorama of the market has additionally been examined within the report.

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Elena Anderson
IMARC Services Private Limited
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