With the emergence of online retail and various e-commerce channels, the accessibility to handcrafted products has become more convenient for consumers, which, in turn, has provided a thrust to the sales of handcrafted goods across the globe. Also, the transition from ethnic to contemporary designs, coupled with the strong demand from offices, homes, hospitals, and hotels are increasing the demand for handcrafted products. The growing travel and tourism industry has also provided vast opportunities to local artisans as well as handicraft manufacturers to produce commoditised products and sell them to tourists who are willing to spend significantly on craft items. Moreover, handicrafts require low energy, unlike machine-made products, which involve the utilisation of electricity. Due to the low capital investments, the handicrafts market is growing, particularly in developing regions such as India and China. Furthermore, the handicrafts business is also an important source of huge exports and potential foreign exchange; thus, they are likely to boost the global handicraft market in the near future.