Asia Pacific Handicrafts Market Analysis 2022 | Share, Size, Growth and Forecast to 2027

According to IMARC Group latest published report, The Asia Pacific handicrafts market size reached US$ 149.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 307.8 Billion by 2027, exhibiting a growth rate (CAGR) of 12.3% during 2022-2027.

Handicrafts include a wide range of artisanry, textiles, jewelry, and embroidery pieces that are hand-made or created using easy 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 immense popularity worldwide as they produce foreign exchange revenue, require low capital investments, and offer employment opportunities.

Covid-19 Impact:

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.

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In the Asia Pacific region, the increasing support from various government organizations for promoting handicrafts is driving the market growth. Numerous traditional techniques, such as woodblock, painting, handloom weaving, and hand dyeing, are adopted by handicraft merchants to produce glasswork, ceramics, and accessories that have gained prominence over the last few years. Furthermore, the expansion of online retailing and e-commerce platforms in the region has helped merchants to attract a large consumer base for handicrafts. Social media is also making it more convenient for sellers to directly connect with their target consumers, thereby driving the market growth across the Asia Pacific countries.

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Asia Pacific Handicrafts Market 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis of Product Type, Distribution Channel, End Use and Country.

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

Browse related reports:

India Handicrafts Market: https://www.imarcgroup.com/india-handicrafts-market

United States Handicrafts Market: https://www.imarcgroup.com/united-states-handicrafts-market

Europe Handicrafts Market: https://www.imarcgroup.com/europe-handicrafts-market

United States Cigarette Market: https://www.imarcgroup.com/united-states-cigarette-market

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