The Global Handloom Products Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Handloom Products Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

The report encompasses a broad range of data, including market trends, growth drivers, challenges, and opportunities in the Global Handloom Products Market. With a meticulous analysis of the industry landscape, the report presents an accurate picture of the market, providing in-depth information on the key market players, their strategies, and the competitive landscape.

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Forecast Growth Projected:

The global handloom products market size was valued at USD 7.77 billion in 2023 and is projected to grow to USD 13.68 billion by 2030, exhibiting a CAGR of 8.41% over the forecast period.

List of the Key Players in the Handloom Products Market

The major players in the market are

  • Maheshwari Handloom Works (India)
  • GoCoop (India)
  • Chandan Rugs (India)
  • Sri LaxmiNarasimha Handloom Sarees (India)
  • Manisha Silk Weaves (India)
  • Medusa Exim (India)
  • Dhananjay Creations (India)
  • Shree Jee (India)
  • Global Floor Furnishers (India)
  • Dream Home Carpets Pvt. Ltd. (India)

Some Common Elements of the Handloom Products Market Report May Include:

  • Market size and growth rate
  • Competitive landscape analysis
  • SWOT analysis (strengths, weaknesses, opportunities, and threats)
  • Key market trends and drivers
  • Regulatory environment
  • Market segmentation and customer demographics
  • Future Outlook and Predictions

Competitors Landscape:

Growing Adoption of Partnership and Collaborative Strategies by Key Players to Aid Market Growth

The growing focus of key market players on adopting partnership strategies is estimated to boost market growth during the forecast period. The increasing launch of new handloom products by major players to maintain a competitive edge drives market growth.

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Segmentation:

Sarees Segment Dominates Market, Embracing Sustainability and Cultural Diversity

Based on type, the market is divided into sarees, apparel & accessories, bedding & bath, carpets, mats, & rugs, and others. The sarees segment dominated the market in 2022, fueled by the growing interest in sustainable fashion and the unique artistry of hand-loomed sarees, each representing the cultural heritage of different regions in India.

Rising Demand for Cotton to Aid Cotton Segment Growth

By material, the market is segmented into cotton, silk, linen, and wool. The cotton segment accounts for the largest handloom products market share. The growth is attributed to the increasing demand for cotton due to its characteristics, including lightweight, soft, versatility, durability, and comfortableness.

Global Drivers and Restraints:

The research report encompasses a comprehensive analysis of various factors that facilitate the growth of the market. This includes an examination of trends, restraints, and drivers that impact the market either positively or negatively. Additionally, this section highlights the potential scope of different market segments and applications that could have a profound influence on the market in the future. The report draws upon current trends and historical milestones to provide in-depth and detailed information for the reader.

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