According to Fortune Business Insights, the global handloom sarees market size was valued at USD 3.72 billion in 2024 and is projected to grow to USD 7.29 billion by 2032, exhibiting a CAGR of 8.99% during the forecast period. This growth is driven by rising global interest in traditional craftsmanship, sustainable fashion, and government initiatives promoting local handloom industries. Asia Pacific dominated the handloom sarees market with a market share of 68.82% in 2024.
Handloom sarees represent the cultural richness and weaving legacy of India, renowned for their unique regional designs such as Banarasi, Kanjeevaram, Maheshwari, and Chanderi. These sarees are not only fashion statements but also symbols of heritage, meticulously handwoven using techniques passed down for generations.
Leading players in this industry Maheshwari Handloom, BHOLI SAREES, Ajmera Fashion Limited, and HMR Handlooms are adopting innovative strategies including the use of eco-friendly materials, sustainable packaging, and artistic printing to attract global consumers and promote responsible fashion.
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Rising Investments in Handloom Sector
Government initiatives and private investments in handloom-based textiles, accessories, and apparel are boosting production, employment, and exports. Infrastructure support, financial aid, and better marketing avenues are helping the sector scale efficiently.