The silk market is projected to be worth US$ 20.0 billion in 2024. The market is anticipated to reach US$ 44.6 billion by 2034. The market is further expected to surge at a CAGR of 8.4% during the forecast period 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Silk Market Estimated Size in 2024 | US$ 20.0 billion |
| Projected Market Value in 2034 | US$ 44.6 billion |
| Value-based CAGR from 2024 to 2034 | 8.4% |
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Emerging markets, particularly in Asia Pacific regions such as China, India, and Southeast Asia, are witnessing growing demand for silk products due to rising disposable incomes and increasing fashion consciousness among consumers.
The scope for silk rose at a 9.6% CAGR between 2019 and 2023. The global market is anticipated to grow at a moderate CAGR of 8.4% over the forecast period 2024 to 2034.
The silk market likely experienced steady demand growth during the historical period, driven by factors such as rising disposable incomes, fashion trends, and the increasing popularity of silk products in both traditional and emerging markets. Advances in sericulture technology, silk processing techniques, and textile manufacturing likely contributed to improved silk quality, production efficiency, and cost effectiveness.
The silk market may have expanded into new geographical regions and diversified product offerings to meet evolving consumer preferences and market demands. Trade agreements, tariff policies, and market liberalization measures may have influenced global trade flows and market dynamics in the silk industry.
The forecast projections of the market anticipate continued growth in the silk market driven by factors such as population growth, urbanization, and changing consumer lifestyles. Innovation in silk blends, textile technologies, and product applications is expected to drive product differentiation, market competitiveness, and consumer interest in silk products.
The adoption of digital technologies, e-commerce platforms, and online retailing channels is likely to reshape the silk market landscape, enabling market players to reach a wider audience and enhance customer engagement.
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Silk is often associated with luxury due to its softness, luster, and durability. The demand for luxury fabrics like silk is expected to increase, as disposable incomes rise globally, especially in emerging economies.
Silk production involves labor intensive processes, including silkworm rearing, cocoon harvesting, and silk extraction. High production costs, including labor costs, feed costs, and energy expenses, can impact the profitability of silk farming and manufacturing operations.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Korea and Japan. The countries are expected to lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 8.5% |
| China | 9.0% |
| The United Kingdom | 9.2% |
| Japan | 9.4% |
| Korea | 9.5% |
The silk market in the United States expected to expand at a CAGR of 8.5% through 2034. The country has a large consumer base with a growing appreciation for luxury textiles.
Silk is often perceived as a premium fabric associated with elegance and sophistication, making it desirable among consumers seeking high quality clothing, accessories, and home furnishings.
The fashion industry in the United States sets global trends and drives demand for premium textiles, including silk. American designers and fashion houses frequently incorporate silk fabrics into their collections, contributing to the popularity of silk garments and accessories among consumers in the market.
The silk market in the United Kingdom is anticipated to expand at a CAGR of 9.2% through 2034. There is a growing trend towards sustainability and ethical fashion in the country, driven by consumer demand for environmentally friendly and socially responsible products.
Sustainable silk production methods, such as organic silk farming and cruelty free silk harvesting, align with the values of environmentally conscious consumers and contribute to the growth of the silk market.
The United Kingdom has a well-developed e-commerce infrastructure and a growing online retail market. E-commerce platforms and digital marketplaces offer a convenient and accessible channel for British consumers to purchase silk products from domestic and international brands, driving growth in the online silk market.
Silk trends in China are taking a turn for the better. A 9.0% CAGR is forecast for the country from 2024 to 2034. The country has a long standing tradition of silk production, dating back to ancient times.
Silk weaving techniques and craftsmanship have been passed down through generations, contributing to the preservation and promotion of traditional silk making skills and heritage practices. The appreciation for rich history and cultural significance of silk enhances its desirability and market appeal in China.
The rapid economic growth and rising affluence of China have led to increased consumer spending power and a growing demand for luxury goods and premium textiles. Chinese consumers have greater purchasing power to invest in high quality silk products for clothing, home furnishings, and gift giving purposes, as disposable incomes rise.
The silk market in Japan is poised to expand at a CAGR of 9.4% through 2034. The country is renowned for its high quality silk products, including kimono fabrics, obi sashes, and traditional textiles.
Japanese silk is prized for its softness, luster, and superior craftsmanship, making it highly desirable among domestic consumers and international markets seeking premium silk products.
Japan has a strong tradition of craftsmanship and artisanal skills, which are applied to the production of silk textiles and garments. Traditional silk weaving, dyeing, and embroidery techniques are passed down through generations, preserving cultural heritage and promoting the artistry of Japanese silk craftsmanship.
The silk market in Korea is anticipated to expand at a CAGR of 9.5% through 2034. Rich cultural heritage and tourist attractions in the country, including silk museums, traditional villages, and cultural festivals, attract visitors from around the world who seek immersive experiences and authentic encounters with Korean culture.
Tourism related activities and souvenir purchases contribute to the demand for silk products and support the growth of the silk market in the country. Korean manufacturers are known for their innovation in textile blending and product development.
They create fabrics with enhanced properties such as stretch, durability, or moisture wicking capabilities, by blending silk with other fibers such as cotton, polyester, or spandex. The innovative silk blends cater to diverse consumer needs and expand the application scope of silk in various industries including fashion, sportswear, and technical textiles.
The below table highlights how eri silk segment is projected to lead the market in terms of type, and is expected to account for a CAGR of 8.2% through 2034. Based on end user, the textile segment is expected to account for a CAGR of 8.0% through 2034.
| Category | CAGR through 2034 |
|---|---|
| Eri Silk | 8.2% |
| Textile | 8.0% |
Based on type, the eri silk segment is expected to continue dominating the silk market. Increasing concerns about animal welfare and cruelty free production practices have prompted consumers to seek alternatives to conventional silk that involve the killing of silkworms during the harvesting process. Eri silk, which allows the silkworms to live out their natural life cycle, appeals to consumers who prioritize ethical and humane treatment of animals.
Eri silk possesses unique characteristics and qualities that differentiate it from other types of silk. It is known for its softness, warmth, and durability, making it suitable for a wide range of textile applications including clothing, accessories, home furnishings, and upholstery. The distinctive texture and natural color variations of Eri silk add to its appeal among consumers and designers.
In terms of end user, the textile segment is expected to continue dominating the silk market. Silk has long been associated with luxury, elegance, and prestige in the textile industry. The textile segment, including luxury fashion houses, designer brands, and high end retailers, drives the demand for silk fabrics and garments due to their inherent qualities such as softness, luster, and drapability.
The textile segment drives demand for silk fabrics and garments by shaping fashion and design trends in the global marketplace. Fashion designers, trend forecasters, and textile experts influence consumer preferences and purchasing decisions through runway shows, fashion collections, and design collaborations that showcase silk as a desirable and fashionable material.
The competitive landscape of the silk market is characterized by a diverse range of players operating across the silk value chain, including silk producers, manufacturers, distributors, and retailers. The players compete based on factors such as product quality, innovation, pricing, distribution channels, and brand reputation.
Company Portfolio
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 20.0 billion |
| Projected Market Valuation in 2034 | US$ 44.6 billion |
| Value-based CAGR 2024 to 2034 | 8.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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The silk market is projected to reach a valuation of US$ 20.0 billion in 2024.
The silk industry is set to expand by a CAGR of 8.4% through 2034.
The silk market is forecast to reach US$ 44.6 billion by 2034.
Korea is expected to be the top performing market, exhibiting a CAGR of 9.5% through 2034.
Eri silk segment is preferred, and is expected to account for a CAGR of 8.2% through 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Meter) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Eri Silk 5.3.2. Mulberry Silk 5.3.3. Tussar Silk 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By End User, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By End User, 2024 to 2034 6.3.1. Textile 6.3.2. Cosmetics and Medical 6.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Type 8.2.3. By End User 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type 8.3.3. By End User 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type 9.2.3. By End User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By End User 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Type 10.2.3. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By End User 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Type 11.2.3. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By End User 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Type 12.2.3. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By End User 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Type 13.2.3. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By End User 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Type 14.2.3. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By End User 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Type 15.1.2.2. By End User 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Type 15.2.2.2. By End User 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Type 15.3.2.2. By End User 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Type 15.4.2.2. By End User 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Type 15.5.2.2. By End User 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Type 15.6.2.2. By End User 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Type 15.7.2.2. By End User 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Type 15.8.2.2. By End User 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Type 15.9.2.2. By End User 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Type 15.10.2.2. By End User 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Type 15.11.2.2. By End User 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Type 15.12.2.2. By End User 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Type 15.13.2.2. By End User 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Type 15.14.2.2. By End User 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Type 15.15.2.2. By End User 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Type 15.16.2.2. By End User 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Type 15.17.2.2. By End User 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Type 15.18.2.2. By End User 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Type 15.19.2.2. By End User 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Type 15.20.2.2. By End User 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Type 15.21.2.2. By End User 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Type 15.22.2.2. By End User 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Type 15.23.2.2. By End User 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Type 16.3.3. By End User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Bolt Threads 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. ShengKun Manufacturing Co., Ltd. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Sichuan Nanchong Liuhe (Group) Corp 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Anhui Co. Ltd 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Zhejiang Jiaxin Co., Ltd 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Wujiang First Textile Co., Ltd. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Wujiang Wanshiyi Co. Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Jiangsu Sutong Cocoon And Co 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Amsilk GmbH 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Libas Textiles Ltd. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Silk Market
