The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the handicraft industry in any manner.Handicrafts, often known as artisanry, refer to unique items that are either handmade or produced using simple non-automated tools, such as scissors, carving equipment, etc., instead of machines. They are made from several materials, including textiles, wood, sheet metal, ceramics, natural fibers, beads, wrought iron, etc. They represent a particular region's culture, tradition, and heritage and thus show various religious, aesthetic, and social values. Moreover, handicrafts are a significant source of foreign exchange earnings, need low capital investments, provide valuable employment opportunities for local communities, etc.
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The rising adoption of handmade decor items in homes, offices, restaurants, etc., is primarily catalyzing the global handicraft market. Besides this, the introduction of numerous favorable policies by government bodies across the countries to enhance the traditional and domestic industries is acting as another significant growth-inducing factor. Moreover, the increasing trend of conventional handicraft production techniques, like woodblock printing, hand dyeing, handloom weaving, etc., that assist in stimulating imagination and creativity, reducing stress, encouraging socialization, etc., is augmenting the market growth. Apart from this, the growing tourism sector is providing local artisans and handicraft manufacturers with opportunities to manufacture and sell commoditized items to tourists who are eager to purchase souvenirs. This, in turn, is expected to boost the global handicraft market over the forecasted period.
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The project report on handicraft covers the following aspects:
Market Snapshot (Market Performance, Segments, Regional Insights, Covid-19 Impact and outlook)
Manufacturing Process:
Project Details, Requirements and Costs Involved
Project Economics
Regulatory Procedures and Approval
Key Success and Risk Factors
In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.
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