Silk market a growing industry faces challenges.

The global silk market is booming, driven by increasing demand for luxury textiles and advancements in sericulture. However, challenges persist, particularly in the labor-intensive sericulture industry. Despite health risks associated with sericulture, the market is expected to grow by $5 billion from 2024 to 2028, with a CAGR of 9.24 per cent. Key players are investing in research and development, especially in spider silk, which offers exceptional strength and flexibility.

Spider silk, a focus of intensive research, holds promise for creating lightweight, durable materials. Companies like Kraig Biocraft Laboratories are leading the way in this area. Beyond textiles, silk has applications in medicine, cosmetics, and more. The market for silk protein is expanding due to its use in surgical sutures, personal care products, and even nutraceuticals.

While the silk market is thriving, challenges remain. Health risks for sericulture workers, including exposure to harmful chemicals, pose a significant obstacle. Additionally, the cultivation of silkworms and the production of cocoons are labor-intensive processes that can be affected by various factors.

Despite these challenges, the silk industry's potential is undeniable. As research and development continue, we can expect to see even more innovative and sustainable silk products in the future.