Kraig Biocraft’s Biodegradable Spider Silk could be the Desired Disruptor for Many Materials Markets

DENVER, Colo., Jun 05, 2024 (247marketnews.com)- Since the day that Kraig Biocraft Laboratories (OTCQB:KBLB) introduced its biodegradable spider silk producing transgenic silkworms, the Company has tirelessly worked to bring its flagship fibers to market, so the news that it launched production of its BAM-1 recombinant spider silk hybrids, following successful completion of its spring trial production run, is a most welcome development.

Kraig Biocraft Laboratories (OTCQB:KBLB)

While it’s taken more than 10 years to get to this point, Kraig’s superpowered silkworm commercialization process is now quickly advancing.

The biotechnological complexities of creating biodegradable material from living organisms requires that Kraig Labs wisely navigate international legal framework, which can be nearly as complicated as the Company’s biotechnology. Then add the global pandemic to the mix and it’s easy to see how the time quickly passed.

Kraig Labs identified five specific parameters that contributed to the “exceptional” spring trial results and believes it unlocked the key to metric ton spider silk production. It launched production more than a month ahead of schedule; providing all spider silk evolution fans a big reason to celebrate.

Spring Trial Spider Silk Cocoons

Mass produced spider silk is one of the most anticipated super fiber breakthroughs ever, but it may be impossible to produce enough fibers to meet the demand for all of its use cases, which could help these super fibers fetch a premium price for the foreseeable future.

Kraig Labs will target apparel, textiles, medical devices, automotive, and defense markets, as its unique combination of biodegradability, flexibility, and strength should make it highly prized. Yet Kraig’s spider silk production economics should be competitive with mundane silk, possibly paving significant inroads to traditional global silk markets and position it for broader adoption.

Untapped Market

The global spider silk market was valued at approximately $1.26 billion, in 2021, and is projected to reach around $6.05 billion by 2030, growing at a compound annual growth rate (CAGR) of 19.2% during that period​ (Emergen Research)​.

Effective production scaling and strategic market entry should elevate Kraig’s fibers, such is the disruptive potential of spider silk, in traditional and new markets.

Initial market penetration could be modest and likely to be held back as production capacity catches up to demand, but the Company’s recent production agreements are designed to allow Kraig Labs to rapidly expand its production capabilities.

The strategic expansion of its spider silk operations includes developing partnerships in various provinces and countries. This initiative is designed to significantly increase production capacity and ensure greater supply chain stability.

Geographic production diversification allows Kraig to mitigate risks, like supply disruptions and localized disease outbreaks, and enhance its operational resilience.

This expansion not only positions Kraig Labs to meet the growing demand for its innovative spider silk products more efficiently, but also underscores its commitment to sustainable growth and market leadership. Utilizing existing sericulture infrastructure enables KBLB to move quickly without substantial infrastructure buildout expense and the recent spring trials helped to create procedures that can be replicated by partner groups during the expansion phase.

Green High Technology

Spider silk promises to address diverse applications across many industries. Since it’s biodegradable and environmentally friendly, the experts project that it could eventually replace, rubber tires, plastic bottles, straws, lids, containers, packaging, synthetic apparel materials, and performance clothes, including antiballistic materials to help protect our armed forces and police. Researchers are working on spider silk sutures, cartilage, and other medical uses as well. Spider silk would improve most mundane silks. Spider silk has even been shown to act like fiber optic cable that transfers energy. There are simply too many use cases to list here.

Many high-performance material production processes involve toxic chemicals that harm workers and the environment. Biological spider silk production eliminates the need for harmful solvents and chemicals, promoting safer working conditions, while improving the overall quality of life and environment for all.

History proves that it, typically, takes years and significant financial resources to bring new fibers to market.

Consider DuPont, considered by many to be the fiber market leader, and its synthetic fiber industry contributions; Nylon, Polyester (Dacron), Acrylic (orlon), Kevlar, and Spandex, to name a few.

The pre commercialization process, when products complete initial validation and preparation for market entry, includes plans and production launch procedures, which is followed by pilot run or scale up, to verify procedures, ensure quality control, and scalability. Once confirmed, the commercialization process kicks off, which includes scaling, marketing, distribution, and sales efforts.

The development timeline to take a new fiber from creation to market can be 6-to-10-years. It reportedly took six years to bring Kevlar to market after its accidental lab creation. In addition to time, new fibers require considerable capital resources to develop, often totaling hundreds of millions of dollars.

Yet, the wait was clearly worth it, as sales data and valuation research will confirm.

KBLB has done the bulk of its work with limited funding, according to the Company’s filings it raised less than $20 million since listing on OTC markets and has had zero institutional support for its biodegradable spider silk.

Companies, like Bolt Threads and Amsilk, which were developing synthetic versions of spider silk proteins for use in apparel and makeup, benefited from Kraig’s news cycle to raise over one hundred million dollars to create simple proteins that seem to more of a gimmick or marketing ploy. Bolt Threads has since moved on into mushroom leather and other biodegradable clothing.

While Kraig Labs has taken longer than many of its well-funded competitors to come to market, it holds many distinct advantages that were considered during the initial spider silk viability phase, including biodegradable, ecofriendly, complex protein chains, and utilizing existing infrastructure.

These considerations make this technology affordable which will enable Kraig’s Spider Silk to enhance and disrupt several materials markets where price and biodegradation are a factor.

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