The potential of a circular economy has drawn a lot of interest in the search for a more resource-conscious and sustainable future. In this movement, artisanal small-scale industries stand out as a distinctive and important sector, and it is important to explore their societal, economic, and environmental impacts. Artisanal small-scale industries are rooted in craftsmanship, heritage, and culture and offer significant growth in the rural economy by expanding localised production. As of 2022, the global artisanal market size had reached US$ 752.52 billion, and it is predicted to grow at a rate of 9.1% during 2023–2028. This sudden growth is propelled by travel and tourism across the globe, where travelers search for souvenirs and the aesthetic value that such products provide as decor in homes, offices, restaurants, and cafes. Additionally, they are in high demand since they are sustainably crafted and more eco-friendly.

Continue reading “Can artisanal small-scale industries embrace circularity?”