Asia-Pacific Handicrafts Market 2022 Analysis | Share, Size, Growth and Forecast to 2027
According to the latest report released by IMARC Group, the handicrafts market size in Asia-Pacific reached US$149.0 billion in 2021. Looking ahead, IMARC Group expects the market reaches US$307.8 billion by 2027, growing at a growth rate (CAGR) of 12.3% during 2022-2027.
Handicrafts includes a wide range of handicrafts, textiles, jewelry, and embroidery pieces that are made by hand or created using simple tools instead of machines. These unique artifacts represent a tradition, culture and heritage of a particular region and have different aesthetic, creative, decorative, social and religious values. Handicrafts are currently gaining popularity around the world as they generate foreign exchange earnings, require low capital investments and provide employment opportunities.
Impact of Covid-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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In the Asia-Pacific region, growing support from various government organizations for the promotion of handicrafts is driving the growth of the market. Many traditional techniques, such as wood engraving, painting, hand weaving and hand dyeing, are adopted by craft merchants to produce glassware, ceramics and accessories which have taken importance in recent years. Additionally, the expansion of online retail and e-commerce platforms in the region has helped traders attract a large consumer base for handicrafts. Social media also enables sellers to directly connect with their target consumers, thereby driving the growth of the market in Asia-Pacific countries.
For more information on this report, visit: https://www.imarcgroup.com/asia-pacific-handicrafts-market
Asia-Pacific Handicrafts Market Analysis and Segmentation 2022-2027:
The report has segmented the market based on product type, distribution channel, end use, and country.
Breakdown by product type:
Art metal items
Hand printed textiles and scarves
Embroidered and crocheted products
Zari and Zari products
Pottery and glassware
Attars and Agarbattis
Breakdown by distribution channel:
Breakdown by end use:
Breakdown by country:
Browse related reports:
Indian handicraft market: https://www.imarcgroup.com/india-handicrafts-market
Craft market in the United States: https://www.imarcgroup.com/united-states-handicrafts-market
European craft market: https://www.imarcgroup.com/europe-handicrafts-market
Cigarette market in the United States: https://www.imarcgroup.com/united-states-cigarette-market
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