{"id":612783,"date":"2022-08-22T18:20:01","date_gmt":"2022-08-22T18:20:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=612783"},"modified":"2022-08-22T18:20:01","modified_gmt":"2022-08-22T18:20:01","slug":"handicrafts-market-analysis-global-industry-report-20222027","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/handicrafts-market-analysis-global-industry-report-20222027_612783.html","title":{"rendered":"Handicrafts Market Analysis | Global Industry Report 2022-2027"},"content":{"rendered":"
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\"Handicrafts<\/a><\/div>\n
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Handicrafts Market Analysis | Global Industry Report 2022-2027<\/div>\n<\/div>\n<\/div>\n
The global handicrafts market size reached US$ 680.10 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,252.30 Billion by 2027, exhibiting a CAGR of 10.41% during 2022-2027.<\/div>\n

According to IMARC Group latest published report, titled “Handicrafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027<\/strong>” Offers a comprehensive analysis of the industry, which comprises insights on handicrafts market Report<\/a><\/strong><\/p>\n

Handicrafts Market Overview:<\/strong><\/p>\n

The global handicrafts market reached a value of US$ 680.10 Billion in 2021. Handicrafts are unique artifacts handmade or made using simple tools without the help of machinery. They include utility and decorative items that showcase the vibrant tradition and culture of a country or community. Their manufacturing requires extreme concentration and considerable visuospatial cognition to enhance artistic, functional, aesthetic, and decorative values. Additionally, they require less energy consumption and low capital investments, offer employment opportunities to individuals, and generate foreign exchange revenue. As a result, handicrafts are widely used as office ware, kitchenware, garden ware, furniture, puppets, pottery, and jewelry across the globe.<\/p>\n

Download a free sample report to get a detailed overview of the report: <\/strong>https:\/\/www.imarcgroup.com\/handicrafts-market\/requestsample<\/a><\/p>\n

Handicrafts Market Trends:<\/strong><\/p>\n

Inflating income levels and the shifting consumer preference for contemporary designs and handmade and antique décor items for residential and commercial complexes represent one of the key factors positively influencing the market. Apart from this, the increasing environmental pollution level and health issues associated with the production of machine-made decorative items are catalyzing the demand for environment-friendly products made using jute, wool, and bamboo. Furthermore, expanding online distribution channels are offering seamless access to consumers, doorstep delivery, exciting offers, and virtual payment options. This, along with the thriving travel and tourism industry, is providing lucrative growth opportunities to leading handicraft manufacturers and local artisans. Looking forward, IMARC Group expects the market to reach US$ 1,252.30 Billion by 2027, exhibiting a CAGR of 10.41% during 2022-2027.<\/p>\n

Covid-19 Impact Analysis: <\/strong><\/p>\n

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.<\/em><\/p>\n\n\n\n\n\n\n\n\n\n\n
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Handicrafts Market Report Scope<\/strong><\/p>\n<\/td>\n<\/tr>\n

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Report Coverage<\/strong><\/p>\n<\/td>\n

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Details<\/strong><\/p>\n<\/td>\n<\/tr>\n

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Market size value in 2021<\/p>\n<\/td>\n

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US$ 680.10 Billion<\/p>\n<\/td>\n<\/tr>\n

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Market forecast in 2027<\/p>\n<\/td>\n

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US$ 1,252.30 Billion<\/p>\n<\/td>\n<\/tr>\n

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Growth Rate<\/p>\n<\/td>\n

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CAGR of 10.41% from 2022 to 2027<\/p>\n<\/td>\n<\/tr>\n

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Base year for estimation<\/p>\n<\/td>\n

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2021<\/p>\n<\/td>\n<\/tr>\n

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Historical data<\/p>\n<\/td>\n

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2016-2021<\/p>\n<\/td>\n<\/tr>\n

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Forecast period<\/p>\n<\/td>\n

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2022-2027<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Report Segmentation: <\/strong><\/p>\n

The report has been segmented the market into following categories:<\/strong><\/p>\n

By Product Type:<\/strong><\/p>\n