The Europe handicrafts market is currently witnessing robust growth. Also known as handcrafting, crafting or artisanry, handicrafts refer to handmade artifacts representing the culture and traditions of a nation or community. They play a vital role in adding aesthetic, decorative, creative, artistic, functional, traditional, social and religious value to a space. Consequently, handicrafts act as a vital source of generating employment in Europe.
The market is primarily driven by the escalating demand for handicrafts items, such as silk and cashmere scarves, hand-woven rugs and carpets, pashmina shawls and wooden home décor, in Europe. Apart from this, the rising demand for eco-friendly products that are made using jute and bamboo are also contributing to the market growth. Furthermore, leading industry players are focusing on collaborations to introduce a fusion of ethnic and contemporary handicraft designs, which is strengthening the growth of the market. However, the coronavirus disease (COVID-19) outbreak, lockdowns in various countries and hindrances in international trade have negatively influenced the market. It will subsequently experience growth once lockdown restrictions are removed. Looking forward, the market is expected to continue its strong growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe handicrafts market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type, distribution channel and end use.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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