The handicrafts market in Asia-Pacific is expected to continue its moderate growth during the forecast period (2021-2026), according to the latest report from IMARC Group.
Crafts include a wide range of handicrafts, textiles, jewelry, and embroidery that are handcrafted or created using simple tools instead of machines. These unique artefacts 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 income in foreign currency, require low capital investment, and provide employment opportunities.
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In the Asia-Pacific region, the 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 traders to produce glass, ceramics, and accessories that have come to take hold. importance in recent years. In addition, the expansion of online retail and e-commerce platforms in the region has helped traders to attract a large consumer base for the handicrafts. Social media also allows sellers to connect directly with their target consumers, thus boosting market growth in Asia-Pacific countries.
Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Asia-Pacific Handicrafts Market Analysis and Segmentation 2021-2026:
The report has segmented the market on the basis of product type, distribution channel, end use, and country.
Breakdown by product type:
Woodwork
Art metal items
Hand-printed textiles and scarves
Embroidered and crocheted items
Zari and Zari products
Imitation jewelry
Sculptures
Pottery and glassware
Attars and Agarbattis
Others
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Breakdown by distribution channel:
Large distribution
Department stores
Independent retailers
Specialty stores
Online stores
Others
Breakdown by end use:
Residential
Commercial
Breakdown by country:
China
Japan
India
South Korea
Australia
Indonesia
Others
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