#textiles

The #global #sericulture #market is projected to grow from $251.2b in 2022 to $468.4b by 2031, at a compound annual #growth rate of 8.1%. This growth is fueled by the #diversification of #silk #applications beyond traditional #textiles into #sectors such as #cosmetics, #medical #devices, and #industrial, opening new revenue #streams. #China is a critical #player in the market, producing 74% of the #world’s silk #output and accounting for 90% of global raw silk #exports. https://cnbusinessforum.com/global-sericulture-market-to-reach-468-4-billion-by-2031-led-by-china-and-asia-pacific/

The #global #sericulture #market is projected to grow from $251.2b in 2022 to $468.4b by 2031, at a compound annual #growth rate of 8.1%. This growth is fueled by the #diversification of #silk #applications beyond traditional #textiles into #sectors such as #cosmetics, #medical #devices, and #industrial, opening new revenue #streams. #China is a critical #player in the market, producing 74% of the #world’s silk #output and accounting for 90% of global raw silk #exports. https://cnbusinessforum.com/global-sericulture-market-to-reach-468-4-billion-by-2031-led-by-china-and-asia-pacific/

The #global #sericulture #market is projected to grow from $251.2b in 2022 to $468.4b by 2031, at a compound annual #growth rate of 8.1%. This growth is fueled by the #diversification of #silk #applications beyond traditional #textiles into #sectors such as #cosmetics, #medical #devices, and #industrial, opening new revenue #streams. #China is a critical #player in the market, producing 74% of the #world’s silk #output and accounting for 90% of global raw silk #exports. https://cnbusinessforum.com/global-sericulture-market-to-reach-468-4-billion-by-2031-led-by-china-and-asia-pacific/