Global Handloom Product Market Size To Worth USD 18.6 Billion By 2033 | CAGR of 8.54%
Category: Consumer GoodsGlobal Handloom Product Market Size To Worth USD 18.6 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Handloom Product Market Size is Expected to Grow from USD 8.2 Billion in 2023 to USD 18.6 Billion by 2033, at a CAGR of 8.54% during the forecast period 2023-2033.
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Browse key industry insights spread across 233 pages with 101 Market data tables and figures & charts from the report on the "Global Handloom Product Market Size, Share, and COVID-19 Impact Analysis, By Type (Sarees, Apparel & Accessories, Bedding & Bath, Carpet, Mats, & Rugs, and others), By Material (Cotton, Silk, Linen, and Wool), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/handloom-product-market
The Handloom Product Market is a business or industry that deals in the buying and selling of products manufactured using handloom techniques. Handloom product include textiles such as carpets, sarees, scarves, towels, and fabrics that are created by skilled artisans using hand-operated looms. With roots in centuries-old traditions of artisanal craftsmanship and cultural heritage, the market for handloom products is a thriving and vital sector of the broader textile industry. A major factor driving the handloom goods market is changing consumer preferences, such as the growing demand for environmentally and ethically manufactured products. Governments in several nations are putting policies in place to encourage the handloom industry's expansion as they realize its cultural importance and economic potential. Supportive actions by the government and nonprofit organizations dedicated to preserving and protecting the area's cultural heritage are expected to drive adoption in the global market. Government assistance has been crucial in driving the market growth for handloom products by encouraging innovation, improving product quality, and expanding handloom craftsmen' access to markets. However, another major barrier to the expansion of the handloom product market is the difficulty in gaining access to and distributing these products.
The sarees segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the handloom product market is classified into sarees, apparel & accessories, bedding & bath, carpet, mats, & rugs, and others. Among these, the sarees segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The experience and emotions of the weaver are conveyed via these handloom sarees. Each Indian region's handloom sarees exhibit a distinct and distinctive level of creativity that is part of their cultural history.
The cotton segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the material, the handloom product market is divided into cotton, silk, linen, and wool. Among these, the cotton segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. One of the most widely used materials for handloom product is cotton, which has qualities like durability, softness, comfort, adaptability, and lightweight.
Asia Pacific is estimated to hold the largest share of the handloom product market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the handloom product market over the forecast period. The handloom market in Asia Pacific is evidence of both artisanal brilliance and a rich cultural legacy. This industry creates a tapestry of workmanship and textile inventiveness by skillfully fusing traditional methods with modern advancements in Asia Pacific region.
North America is predicted to have the highest CAGR growth in the handloom product market over the forecast period. In the US, handloom product promoters are considered influencers. Manufacturers in and across North America are working with these influencers, with millions of followers.
Major key players in the handloom product market include Dhananjay Creations, Manisha Silk Weaves, Maheshwari Handloom Works, Global Floor Furnishers, GoCoop, Dream Home Carpets Pvt. Ltd., Sri Laxmi Narasimha Handloom Sarees, Shree Jee, Chandan Rugs, Medusa Exim, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In January 2025, to upskill Indian youth and boost the nation's handloom industry, the government's textile minister introduced the new permanent campus of the Indian Institute of Handloom Technology in the Nadia region of West Bengal.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the handloom product market based on the below-mentioned segments:
Global Handloom Product Market, By Type
- Sarees
- Apparel & Accessories
- Bedding & Bath
- Carpet, Mats, & Rugs
- Others
Global Handloom Product Market, By Material
- Cotton
- Silk
- Linen
- Wool
Global Handloom Product Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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