The global Silk Fibroin Material market size was valued at USD 94 million in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.30%, reaching USD 117.99 million by 2030. This growth reflects increasing recognition of silk fibroin's potential in multiple industries, especially in biomedical applications such as drug delivery and tissue engineering. The rising demand for sustainable and biodegradable materials, alongside growing investments in research and development for new applications, is also contributing to this positive market trajectory.
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