Indian Sericulture Market Share, Growth Opportunities, Trends, and Forecast 2023-2028

The latest report by IMARC Group titled, “Indian Sericulture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Indian sericulture market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian sericulture market size reached INR 451.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 1,194.5 Billion by 2028, exhibiting a growth rate (CAGR) of 17.7% during 2023-2028.

Indian Sericulture Market Overview:

Sericulture, often termed silk farming, is the cultivation of silkworms to produce silk. This intricate process involves a series of steps, from rearing silkworms to harvesting their silk. The primary types of silk produced through sericulture include Mulberry, Eri, Muga, and Tasar, with Mulberry silk being the most prominent. As a natural fiber with a luxurious sheen, silk holds a significant place in the textile industry. Beyond textiles, silk finds its application in medical sutures and cosmetic products, showcasing its versatility. The advantages of sericulture extend beyond silk production. It plays a pivotal role in rural employment, fostering many sustainable livelihoods, and promoting eco-friendly farming practices, as it often eliminates the need for chemical fertilizers and pesticides.

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Indian Sericulture Market Demand:

India stands as one of the premier silk producers globally, with the sericulture sector significantly contributing to the country's agrarian economy. One of the primary drivers propelling the Indian sericulture market's growth is the robust domestic demand for silk, coupled with its increasing popularity in international markets. The government's supportive initiatives, such as providing subsidies and technical assistance to farmers, have further fueled the industry's expansion. In recent years, there's been a notable shift towards sustainable and organic farming practices in sericulture, responding to the global demand for eco-friendly products. This trend, in tandem with innovations in biotechnological research aimed at enhancing silk yield and quality, is steering the market toward a promising future. Furthermore, the rise of the Indian fashion industry and the growing recognition of silk as a premium fabric in haute couture have cemented its position in the global sericulture landscape. As a result, the Indian sericulture market continues to witness growth, reflecting both traditional values and modern advancements.

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Market Segmentation:

Breakup by Segment:

• Mulberry
• Vanya
  • Tasar
  • Eri
  • 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
  • Karnataka
  • Andhra Pradesh and Telangana
  • West Bengal
  • Tamil Nadu
  • Others
• Vanya Silk
  • Assam
  • Jharkhand
  • Meghalaya
  • Nagaland
  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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