Bangladesh Silk Yarn Market (2024-2030) | Outlook, Value, Analysis, Share, Size, Revenue, Trends, Industry, Companies, Forecast & Growth

Bangladesh Silk Yarn Market Highlights

Report Name	Bangladesh Silk Yarn Market
Forecast period	2024-2030
CAGR	7.6%
Growing Sector	Textile

Topics Covered in the Bangladesh Silk Yarn Market Report

The Bangladesh Silk Yarn Market report thoroughly covers the market by Production, by Consumption, by Export and by Import. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Silk Yarn Market Synopsis

The Bangladesh silk yarn industry is expected to witness significant growth in the coming years. This can be attributed to various factors, including the growing demand for high-quality silk products, increasing awareness about sustainable and eco-friendly materials, and rising income levels of consumers.

According to 6Wresearch, the Bangladesh Silk Yarn Market size is projected to rise at a CAGR of 7.6% during 2024-2030. The change in consumer preferences towards natural and sustainable fabrics is one of the major drivers of this market. Additionally, the growing popularity of traditional silk garments, such as sarees and salwar kameez, is also contributing to the growth of this market. However, there are some challenges faced by the Bangladesh silk yarn market. One of the major challenges is the high production costs associated with silk yarn. The process of producing silk yarn is time-consuming and labor-intensive, leading to higher prices for the end product. This makes it difficult for small and medium-sized enterprises to compete with larger players who have more resources at their disposal.

Bangladesh Silk Yarn Market: Leading Players

The Bangladesh silk yarn market is dominated by a few major players including Jhakhand Silk Textile and Handicraft Development Corporation Ltd., Rajshahi Silk Factory, and Pure Silk BD. These companies have a significant market share due to their wide range of high-quality silk yarn products. Additionally, they have established strong distribution networks and partnerships with local textile manufacturers, making them popular choices among consumers. Other key players in the market include Pioneer Silk Weavers Ltd., Bangladesh Padma Powerloom Silks Factory, and Mitali Silk Industries Ltd.

Bangladesh Silk Yarn Market: Government Initiatives

The Bangladeshi government has implemented several initiatives to support and promote the growth of the silk yarn industry in the country. The government has facilitated the establishment of a state-owned organization, Bangladesh Sericulture Development Board, to regulate and develop sericulture activities and oversee the production of silk yarn. Additionally, various training programs have been introduced to educate local farmers on modern techniques for cocoon production and silkworm rearing. Furthermore, tax exemptions and other financial incentives have been provided to encourage the production of silk yarn and boost exports in the global market. The government also plans to establish more silk villages across the country to increase employment opportunities and promote sustainable growth in the industry.

Future Insights of the Name Market

The Bangladesh Silk Yarn Market is expected to continue its steady growth in the coming years due to increasing demand for high-qualitysilk yarn products. The market is also expected to benefit from the growing trend of sustainable and eco-friendly fashion, as silk is a biodegradable and renewable resource. Rapid urbanization, rising disposable income levels, and increased awareness about the health benefits of silk fabrics are also likely to drive market growth. Furthermore, advancements in technology have led to the development of new varieties of silk yarn with improved strength and durability, making it a popular choice for various applications. The market is also expected to witness significant growth in export activities, as the demand for Bangladeshi silk yarn continues to rise globally.

Market Segmentation By Production Analysis

According to Ravi Bhandari, Head of Research, 6Wresearch, Bangladesh has emerged as a major producer of silk yarn, with a significant increase in production volume. This is due to the country's favorable climate for silk production, as well as government support and investments in this industry. With an increasing focus on ethical and environmentally-friendly fashion, there has been a rise in demand for silk yarns as they are biodegradable and have a low carbon footprint.

Market Segmentation By Consumption Analysis

The consumption of silk yarn products has also seen a steady rise in Bangladesh, with an increase in both value and volume. This can be attributed to the growing popularity of silk fabrics and garments, not only in the domestic market but also globally.

Market Segmentation By Export Analysis

Bangladesh's silk yarn products have gained popularity in the international market, with an increase in both value and volume of exports. This can be attributed to the country's competitive pricing, high-quality products, and favorable trade policies.

Market Segmentation By Import Analysis

Despite being one of the leading producers of silk yarn, Bangladesh also imports a significant amount of silk yarn for its domestic market. This is due to the high demand for silk products and the country's focus on meeting consumer needs and preferences.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2024
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Silk Yarn Market Outlook
• Market Size of Bangladesh Silk Yarn Market, 2023
• Forecast of Bangladesh Silk Yarn Market, 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Revenues & Volume for the Period 2020 - 2030
• Bangladesh Silk Yarn Market Trend Evolution
• Bangladesh Silk Yarn Market Drivers and Challenges
• Bangladesh Silk Yarn Price Trends
• Bangladesh Silk Yarn Porter's Five Forces
• Bangladesh Silk Yarn Industry Life Cycle
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By By Production Analysis for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Volume for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By By Consumption Analysis for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Value for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Volume for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By By Export Analysis for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Value for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Volume for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By By Import Analysis for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Value for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Silk Yarn Market Revenues & Volume By Volume for the Period 2020 - 2030
• Bangladesh Silk Yarn Import Export Trade Statistics
• Market Opportunity Assessment By Production Analysis
• Market Opportunity Assessment By Consumption Analysis
• Market Opportunity Assessment By Export Analysis
• Market Opportunity Assessment By Import Analysis
• Bangladesh Silk Yarn Top Companies Market Share
• Bangladesh Silk Yarn Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Silk Yarn Company Profiles
• Bangladesh Silk Yarn Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Production Analysis

• Volume

By Consumption Analysis

• Value
• Volume

By Export Analysis

• Value
• Volume

By Import Analysis

• Value
• Volume