Beads are small decorative pieces that are made up of natural and synthetic material. Natural bead are available in two types: organic and inorganic. Organic beads are made up of animals and plants such as ivory, seeds, coral, bones, horns, woods, and animal shells. Inorganic beads are made from various types of stones, minerals, metals, and gemstones, whereas, synthetic beads are made from ceramic, bronze, lead crystal, and brass. Bead work is very popular art work as beads are sewed in a thread or thin wire or stacked on a product that helps to enhance the beauty of products. Bead market has shown a significant growth in last few years as these beads are widely used in different industries such as home décor, jewelry, pet items, and other accessories. Wide acceptance and innovation in bead is a major factor in growth of global bead products market
COVID-19 Impact Analysis
- During COVID-19, globally many industries suffered from economic crises. The pandemic hampered the global bead product market.
- To control the spread of coronavirus, lockdowns were imposed that resulted in huge disruption in supply chain of raw material and looming of production cycle of global bead product. Restraints were imposed by government on several brand stores, jewelry stores and speciality stores that led to great hampering in demand of bead product.World-wide restriction on big bead show and event led to great decline in demand in bead product market.
- E-commerce has played prominent role in uplifting supply chain of bead productas it helps to cover wider range and cater demands of customer. Customers started shifting to online shopping method and hesitated and avoided going for in-store purchases to control spread of corona virus.
Top Impacting Factors
Bead work is beautiful artistic work and beads are widely used in different industries to deliver aesthetic appeal to products. Bead are used to decorate home decor products such as bowls and baskets, coffee mugs, boxes, beaded cutlery and other table accessories. Beads are very commonly used in decoration of jewelry such as necklace brushes and bangles, earrings and pedants, It's is also used in decoration of pet items such as pet collars and pet leash. Bead products are gaining prominence among people as they look very attractive and majorly hand crafted, rise in use of bead work in different industries is key factor in growth of global bead products market.
Now a day many females are opting for artificial jewelry, these jewelry makers generally use beads for decorating jewelry items such as necklace, earrings, pendants, rings bracelets and bangles. These beads are available in many different shapes, sizes and colours that help to make different designs on jewelleries products such as round oval shapes are used to make necklace and bracelets whereas square and cubed beads are used for making rosary or prayer bracelets. These beads jewelry are affordable and have shiny finish that attracts more and more women and girls to buy this jewelry, stylish and designer bead jewelry are party wear and very premium in nature. Rise in demand of bead jewelry is a key driver in growth of global bead products market.
Now a days consumers have become more aware about health care and beauty products, beads products have several benefits to maintain healthy life such its helps to reduce illness related stress, improves fine motors, cognitive skills and visual perceptual. It is also used to increase energy level and lower blood pressure of human bodies. Rise in awareness of bead products for maintaining healthy life style is prominent factor in growth of global beads products market.
Key player have introduced new designer bread such as pressed beads, fire polished beads, and table cut beads that are used for different purposes. Pressed beads are prepared by glass pressing technology and give a hard metal mold shapes to beads. Fire polished beads are polished in glass oven over high temperature that are usually small and flats in designs. Table cut beads are first cut with a sharp object to make a design and then after it is polished by using different technology. These new designer beads have aesthetic and more ergonomic, consumers love it. Innovation in beads products is prime factor in growth of global beads market.
Rise in Popularity of Big Bead Shows or Events and Beads Jewelry Magazine
- In last few years, there is significant rise in popularity of beads events such as The Big Bead Show, these is one of the most popular bead show in United Kingdom. Many big beading workers, polymer clay and lamp workers, silver smiting and wireworkers participate in this event to present their skills. Many major traders such as wholesalers and other trader who trade in bead attend these events to find gifts merchandise and retail fashion accessories. These events are paid events and around 9000 visitors visit in these shows. Many bead and jewelry magazines prints high quality and redesigned bead products in their magazines, it includes bead expert tips and tricks and sewed patterns that is used to design a bead product to enhance bead skills. It also helps to showcase number of home decor bead products and bead jewelry for people who love bead products. Rise in popularity of big bead shows or events and beads jewelry magazines is key trend in growth global bead products market.
Rise in Trend of Using Organic and Natural Bead
- People are more concerned about babies and pets’ health; beads are used on large scale to decorate baby and pets products. People have started opting for natural and organic bead products for their babies and pets to avoid any health conscious.
Key Benefits of Report
- This study presents the analytical depiction of the bead product industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bead product market share.
- The current market is quantitatively analyzed to highlight bead product market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed bead product market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Bead Product Market Research Report
- Which are the leading players active in the bead product market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is the bead productmarket prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the current trends and predicted trends?
Bead Products Market Report Highlights
By Product Type
By Price Point
By Bead Type
By Bead Shape
By Bead Size
By End User
By Distribution Channel
Key Market Players
LDA., Bolonjar Co. Ltd, SlGleitlagertechnikGmbh, The Kenyan Craft Company, Naushad Trading Company (NTC) Limited, WorldCrafts Reality Pvt Ltd, Alamy Ltd, Willy A. Bachofen AG, Blasqem, Global Village Gifts Inc, Modastrass E.U., FICHTER formtec GmbH, Herein BestoneJewelryCo.Ltd.