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on February 12, 2024
The latest report by IMARC Group, titled “Asia Pacific Handicrafts Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The Asia Pacific handicrafts market size reached US$ 169.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 340.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
Handicrafts are skillfully crafted objects created by artisans using manual techniques and traditional methods. They encompass various decorative, functional, and artistic products, such as textiles, ceramics, metalwork, and glassware. They are distinguished by their uniqueness, reflecting the creativity, cultural heritage, and craftsmanship of the artisans who create them. Artisans utilize their expertise, creativity, and often locally sourced materials to produce these pieces. Handicrafts carry a sense of authenticity and cultural identity, typically incorporating intricate designs, patterns, and techniques passed down through generations. Beyond their aesthetic appeal, handicrafts also hold social, economic, and environmental significance. Currently, handicrafts are gaining immense traction across the Asia Pacific region as they provide a source of income for artisans, especially in rural and marginalized communities, contributing to sustainable livelihoods.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/asia-pacific-handicrafts-market/requestsample
Asia Pacific Handicrafts Market Trends and Drivers:
The Asia Pacific handicrafts market is primarily driven by the widespread availability of numerous unique and captivating handicraft products due to the rich cultural heritage and diverse artistic traditions across the region. These creations appeal to local and international consumers seeking authentic and culturally resonant items. Moreover, the rising tourism in many Asia Pacific countries like India, China, and Japan has augmented the demand for souvenirs and traditional crafts, fueling market growth. Additionally, the increasing interest in sustainable and ethically sourced products that align with the principles of handmade, locally produced handicrafts is propelling the market growth. Besides this, the incorporation of traditional techniques into modern designs, resulting in contemporary and culturally rooted products, has accelerated the product adoption rate. Furthermore, the escalating penetration of digital platforms and e-commerce channels facilitates artisans to reach a global customer base, thereby contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Woodware
- Artmetal Ware
- Handprinted Textiles and Scarves
- Embroidered and Crocheted Goods
- Zari and Zari Goods
- Imitation Jewelry
- Sculptures
- Pottery and Glass Wares
- Attars and Agarbattis
- Others
Breakup by Distribution Channel:
- Mass Retailers
- Departmental Stores
- Independent Retailers
- Specialty Stores
- Online Stores
- Others
Breakup by End Use:
- Residential
- Commercial
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Posted in: Business
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asia pacific handicrafts market