The latest research study, “Indian Handicraft Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” was added by the IMARC group. The Indian handicraft market is expected to grow at a CAGR of 7.8% during the period 2022-2027.
Handicraft refers to a wide range of textiles, pieces of embroidery, ceramics, handicrafts, jewelry, etc., created by hand or using simple tools instead of machines. These unique objects represent the culture, heritage and tradition of a particular region and have different social, aesthetic and religious values. Many traditional techniques are applied to make handicrafts, including painting, hand-dyeing, hand-weaving, wood-carving, etc. In recent years, handicrafts have gained immense popularity as they require low capital investment, produce foreign exchange earnings and provide employment opportunities.
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The expansion of the e-commerce industry is mainly driving the handicraft market in india. In addition to this, the craft is gaining popularity due to the growth of travel and tourism in the country. Tourists spend considerable sums on souvenirs and other handicrafts, providing local artisans with the opportunity to make and sell handicrafts.
Moreover, the growing demand for handmade decorative accessories in homes, restaurants and offices is also giving impetus to the market. Various other factors including consumer disposable income inflation and increasing willingness of individuals to invest in vintage and high quality handicrafts are expected to further propel the handicrafts market in India over the coming years.
Breakdown by product type:
- Art metal items
- Hand printed textiles and scarves
- Embroidered and crocheted products
- Zari and Zari products
- Imitation jewelry
- Pottery and glassware
- Attars and Agarbattis
Breakdown by distribution channel:
- Mass retailers
- Departmental stores
- Independent retailers
- Specialty stores
- Online stores
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Breakdown by end use:
Breakdown by region:
- North India
- West and Central India
- South India
- Eastern India
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