The global handicrafts market reached a value of US$ 680.10 Billion in 2021. Handicrafts are handmade products perceived as status symbols among individuals. They represent the culture, values, and traditions of a particular community, region, or country. Handicrafts play a vital role in the economic development of the nation as they are a prominent way of enhancing foreign exchange revenue.
As per the analysis by IMARC Group, the top handicrafts companies are extensively investing in aggressive marketing strategies and promotional campaigns to promote the production of commoditized products and sell them to tourists who are willing to spend on souvenirs and other craft items. In addition, they are launching textile machines that offer modular and customizable support to cater to customer requirements. Moreover, several manufacturers are introducing automated textile machinery to reduce manual efforts, enhance product uniformity, and design seamless dresses and outfits with intricate embroidery. On account of these factors, the market value is expected to reach US$ 1,252.30 Billion by 2027, exhibiting a CAGR of 10.41% during 2022-2027.
Discover opportunities, challenges, and trends in the global handicrafts market? Try a free sample
IMARC Group offers a list of top handicrafts manufacturers worldwide: They are as follows:
Asian Handicrafts Private Limited
Headquarters: Haryana, India
Asian Handicrafts Private Limited is a design driver manufacturer and export house that has been functioning for over four decades. It manufactures and exports Indian handicrafts, such as gift items, home décor, Christmas decorations and ornaments, fashion jewelry, and accessories. The company also offers products with the latest designs and color mixes using mixed materials and innovative techniques. Moreover, the products are in tune with the latest trends/fashion in the international market.
Fakih Group of Companies
Headquarters: Dubai, United Arab Emirates (UAE)
Fakih Group of Companies is one of the largest handicraft manufacturers and retailers, eco-friendly product manufacturers and dealers, as well as the largest small-scale and cottage industry developers across Asia. It is also one of the leaders in the international arena of trading, manufacturing, and exporting a wide range of souvenir gifts, traditional gifts, furniture, handicraft, lamps, decorative items, oil perfumes, frames, and clothing items. Along with this, it is a leading company in the world in the field of transportation, logistics, travel and tourism, consultancy, engineering, and construction.
Laizhou Zhonghe Arts and Crafts Corporation Limited
Headquarters: Shandong, China
Laizhou Zhonghe Arts and Crafts Corporation Limited operates import and export businesses across the globe, especially in China. It primarily specializes in exporting cloth, polypropylene, paper straw, and other products. It has over 30 years of experience in making bags, and other natural products made from wheat straw, cornhusk, raffia, seagrass, cotton, jute, denim, canvas, wool, tweed, and felt.
Ten Thousand Villages
Headquarters: Pennsylvania, United States
Ten Thousand Villages is a nonprofit fair-trade organization that sells handcrafted products made by disadvantaged artisans in the United States. It has introduced the global maker-to-market movement that addresses economic injustices. As one of the leading United States handicraft companies, It is an ideal shopping way for consumers with the intention of ethically-sourced handicraft wares. Furthermore, the company is aimed at empowering makers in ten thousand villages. Currently, it has 56 stores in the United States, out of which 18 are company-owned and 38 runs by nonprofit boards.
Oriental Handicraft Corporation Limited
Headquarters: Ho Chi Minh City, Vietnam
Since its inception, Orient Handicraft Corporation Limited has made quite significant attainments in terms of exporting volume, distinctive designs, and credibility from customers. The product portfolio of the company ranges from decorative storage to woven furniture. The company also offers nature fibers of water hyacinth, seagrass, bamboo, and rattan, which are used to create fabulous hand-made carrying and natural breeze into homes and working areas.
NGOC Dong Ha Nam Corporation Limited
Headquarters: Ha Nam province, Vietnam
NGOC Dong Ha Nam Corporation Limited has been a leading producer and exporter of Vietnam handicrafts and home furnishing. It is known by big importers and retailers in more than 30 countries. It creates high added value to importers, retailers, and distributors and meets the increasing demand of consumers for quality and sustainable products in the Asia Pacific handicrafts industry. The company is also committed to corporate social responsibility by improving the working conditions and income levels of its workers and local artisans. It also provides its buyers and clients with hand-made functional and decorative products, which create high added value to importers, retailers, and distributors.
Minhou Minxing Weaving Corporation Limited
Headquarters: Fuzhou, China
Minhou Minxing Weaving Corporation Limited is one of the leading manufacturers with over 4000 employees and a production capacity of 6000 x 40" containers every year. It offers a variety of products such as arts and crafts, home decorations, and furniture items. The company’s products are exported to clients all over the world, especially across North America and Europe handicraft markets.
Native Crafts and Arts Industries Inc.
Headquarters: Bicol, Philippines
Native Crafts and Arts Industries Inc. has been exporting handicraft items across the globe for over 40 years. The extensive network of subcontractors all over the Philippines and a team of in-house designers guarantee up-to-date gift items every season. It offers a wide range of products, including bamboo lanterns, hanging lampshade pendants, candle holders, gift packaging, photo frames, novelties, planters, and shell crafts.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the handicraft industry which has enabled clients to set up and expand their businesses successfully.
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development