As per the analysis by IMARC Group, the top handicrafts companies are focusing on producing commoditized products and selling them to tourists who are willing to spend on souvenirs and other craft items. They are also introducing modern designs to cater to the tastes and preferences of consumers while investing in various programs encouraging handicraft production.

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The proliferating online retail channels represent one of the key factors driving the market growth. An increasing number of e-commerce platforms are now supporting the sales of handicrafts as people are willing to expend on craft items. Furthermore, unlike machine-made products, preparing handicrafts requires low energy as it eliminates the usage of electricity or any other fuel. This associated convenience is stimulating the market growth significantly. Moreover, there is a rising demand for handmade decor items in both the residential and commercial sectors.

IMARC Group offers a list of top handicrafts Companies worldwide: They are as follows:

• • Asian Handicrafts Pvt. Ltd.
  • Fakih Group of Companies
  • Laizhou Zhonghe Arts and Crafts Co. Ltd.
  • Ten Thousand Villages
  • Oriental Handicrafts Co. Ltd.
  • NGOC Dong Ha Nam Co., Ltd.
  • Minhou Minxing Weaving Co. Ltd.
  • Native Crafts and Arts Industries Inc.