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Though India is currently the world’s second largest producer and the largest consumer of raw silk and silk fabrics, the demand of silk is significantly outpacing its supply.
Indian Sericulture Market to Grow at a CAGR of 20% During 2011-12 - 2017-18 Though India is currently the world’s second largest producer and the largest consumer of raw silk and silk fabrics, the demand of silk is significantly outpacing its supply. Sericulture, which refers to the art of rearing silkworms for the production of silk is currently experiencing strong growth in India. The market for silk in India is driven by both exports and a very strong domestic demand. Fabrics made up of silk are quite popular in the domestic market during ceremonies, religious rituals, weddings, festivals, etc. Research firm IMARC Group expects the total sales value in this market to grow at a CAGR of around 20% during 2011-12 - 2017-18, according to its latest report titled “Indian Agriculture Market Report & Forecast: (2012-2017)”. The report which has done a comprehensive analysis on the current and future trends of the Indian sericulture market, expects the domestic demand as well as exports to show strong growth in the coming years. According to an analyst at IMARC Group, “Though India is currently the world’s second largest producer and the largest consumer of raw silk and silk fabrics, the demand of silk is significantly outpacing its supply. This is creating huge opportunities for setting up silk manufacturing facilities in the country”. According to the report, India is the only country that commercially produces all the four types of silk - mulberry silk, tasar silk, eri silk and muga silk. Mulberry silk represents the most popular category of silk produced in India, while Muga silk currently represents the most expensive category of silk. Findings from the report also suggest that the sericulture industry in India is entrenched in Karnataka, Andhra Pradesh, Maharashtra, Orissa, Madhya Pradesh, Manipur, Uttarakhand, Tamil Nadu, West Bengal, Jammu & Kashmir, Bihar, Jharkhand, Meghalaya, Arunachal Pradesh, etc. Among these, Karnataka tops in the list followed by Andhra Pradesh, West Bengal and Tamil Nadu. IMARC’s new report entitled “Indian Agriculture Market Report & Forecast: 2012-2017” provides an analytical and statistical insight into the agriculture industry along with its various segments and sub-segments. The study that has been undertaken using both desk-based and qualitative primary research has analyzed various aspects and provides a comprehensive understanding of the Indian agriculture market. The report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are looking to foray into the Indian agriculture market in some form or the other. What We Have Achieved in this Report? Comprehensive situation analysis of the Indian agriculture market and its dynamics. Identifying all application segments/sub-segments and quantifying their current and future market potential. Providing robust long range value and volume forecasts for all segments and sub-segments. Providing an understanding of key drivers and restraints and their impact on current and future market scenario. Agricultural Segments Covered in this Report Farming Agriculture Equipments Fertilizers Pesticides Warehousing Cold Chains Food Processing Dairy Farming Floriculture Apiculture Sericulture Seeds Fisheries Poultry Animal Husbandry Focus of the Analysis for Each Segment and Sub-Segment Drivers and Challenges Historical, Current and Future Market Values Historical, Current and Future Market Volumes Analysis of Various Sub-Segments Areas of Opportunity Competitive Landscape Information Sources Information has been gleaned from both primary and secondary sources: Primary sources include industry surveys and face to face/telephone interviews with industry experts. Secondary sources include proprietary databases and search engines. These sources include company websites and reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases. To buy the complete report or to get a free sample, please contact: IMARC Group Asia Email: firstname.lastname@example.org Phone: +91-120-415-5099 IMARC Group North America Email: email@example.com Phone: +1-631-791-1145 IMARC Group Europe, Middle East & Africa Email:firstname.lastname@example.org Phone: +44-702-409-7331 To know more please visit: http://www.imarcgroup.com/indian-agriculture-market-report- forecast-2012-2017-3/
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