Question

Why is the Silk industry losing the market in recent times?

Answer 1

The silk industry has been losing the market in recent times due to several reasons:

1. Competition from synthetic fabrics: The price and durability of synthetic materials, such as rayon, polyester, and nylon, have made them become increasingly popular in recent years.
2. High production costs: The labour-intensive method of producing silk includes handling silkworms by hand and carefully processing the silk fibres. Because of this, producing silk is more costly than producing other textiles, which makes it challenging for silk producers to compete on price.