Indian Sericulture Market to Reach INR 1,194.5 Billion by 2028, Propelled by Escalating Demand for Silk Textile Among the Masses

According to the latest report by IMARC Group, titled “Indian Sericulture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the Indian sericulture market size reached INR 451.6 Billion in 2022. Sericulture is an agro-based industry that encompasses the production and processing of silk fabric by rearing silkworms. During this process, several types of plants are cultivated to provide food for silkworms while the cocoons are reeled so that the silk filament can be unrolled. Silk is produced by raising domesticated silkworms and cultivating mulberry trees in sericulture. During the first phase of silk production, also known as the pre-cocoon phase, sericulturists plant mulberries and rear disease-free silkworm seeds on mulberry leaves that are grown in mulberry plantations. The second phase of sericulture, known as the post-cocoon stage, involves reeling where cocoons are cooked in hot water, then filaments are drawn under tension, and wound onto reels to form yarn while the cocoons are still hot. The extracted raw silk is further processed and woven for numerous applications in the textile industry.

Indian Sericulture Market Trends:

The market in India is majorly driven by the escalating demand for silk textiles among the masses. This can be attributed to the growing adoption of silk as a raw material in the manufacturing of various fabric products, including garments, bed sheets, and curtains. In line with this, the increasing working population resulting in growing purchase capacity and improved lifestyle standards of the consumers are resulting in higher consumption of silk fabrics across the country. Moreover, continual technological advancements in the silk processing facilities, such as the advent of high-capacity automated reeling machinery with high yield rate and productivity, are providing an impetus to the market. Numerous innovations in sustainable agritech, low investment costs for mulberry cultivation, and low landholding requirements are also creating a positive outlook for the market. Besides this, the rise in investments and the introduction of favorable initiatives for the development of the silk industry by the government of India are creating lucrative growth opportunities in the market. Additionally, a considerable rise in the tourism and hospitality industries is leading to increased uptake of high-end, luxury bedding materials. Some of the other factors contributing to the market include rapid urbanization and industrialization, considerable growth in the textile industry, an enhanced focus on sustainable development, and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of INR 1,194.5 Billion by 2028, exhibiting a CAGR of 17.7% during 2023-2028.

Market Summary:

• Based on the segment, the market has been categorized into mulberry and Vanya (tasar, eri, and muga). Mulberry currently represents the largest segment.
• The market has also been divided into domestic production and imports.
• Based on the application, the market has been segmented into natural silk yarns, fabrics, and made ups, readymade garments, silk carpets, and others. Currently, natural silk yarns, fabrics and made ups represent the largest application segment.
• On the basis of the state, the market has been classified into mulberry silk (Karnataka, Andhra Pradesh and Telangana, West Bengal, Tamil Nadu, and others) and Vanya silk (Assam, Jharkhand, Meghalaya, Nagaland, and others). Among these, Karnataka was the leading producer of mulberry silk, whereas Assam is currently the largest producer of Vanya silk.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
   

Report Scope:

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